Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

Markets opened higher this morning as Canadian and U.S. equities rallied into the holiday week, fueled by optimism around a year-end “Santa rally.” The TSX is up 1%, while the Venture is surging nearly 4%. In the U.S., the Dow and Nasdaq are sharply higher, supported by tech strength and easing rate concerns. London’s FTSE is also in positive territory as global investors position for 2026.

Commodities are in focus with gold punching through $4,400 for a new all-time high, oil rebounding more than 2%, and copper edging higher. Natural gas is weaker, while Bitcoin is trading higher. Headlines today spotlight energy and media, with Baytex outlining a major capital spending plan for 2026 and Netflix refinancing part of Warner Bros’ $59 billion loan.

Market numbers

TSX: Up (+1.00%), 31,755.77

TSXV: Up (+3.81%), 977.98

DOW: Up (+0.38%), 48,134.90

NASDAQ: Up (+1.31%), 25,346.18

FTSE: Up (+0.70%), 9,904.0

In the headlines

  • Baytex Plans Big Spend: Baytex Energy (TSX: BTE) announced a $550M–$625M capital spending plan for 2026, focusing on production growth and operational efficiency.
  • Netflix Refinances Warner Bros Loan: Netflix (NDAQ: NFLX) has refinanced part of Warner Bros’ $59 billion loan, aiming to strengthen its balance sheet and maintain flexibility for content investments.

Currencies

USD: Up (+0.28%), $0.7261

GBP: Down (-0.17%), $0.5404

EUR: Down (-0.06%), $0.6183

JPY: Down (-0.10%), ¥114.176

AUD: Up (+0.31%), $0.91437

Bitcoin: Up (+1.33%), 123,829.6 CAD

(Conversion to C$1)

Commodities

Copper: Up (+0.32%), $5.51190

Gold: Up (+1.99%), $4,425.16

WTI: Up (+2.15%), $57.945

Natural Gas: Down (-2.85%), $3.926

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