TSX slips as Meta reaches a $17B settlement, AMD climbs on AI optimism, Dick's Sporting Goods tumbles, and Bitcoin holds above C$108K.
TSX slips as Meta reaches a $17B settlement, AMD climbs on AI optimism, Dick’s Sporting Goods tumbles, and Bitcoin holds above C$108K.

The TSX is down 0.79%, while the TSX Venture Index is off 1.33%, as Canadian markets retreat amid heavy rotation in global equities and lingering uncertainty tied to oil prices and geopolitics. In the U.S., markets are mixed: the Dow is up 1.02%, supported by strength in select industrials and financials, while the Nasdaq is down 0.70% as tech investors digest a wave of Big Tech earnings and elevated capital‑spending plans. In London, the FTSE 100 is outperforming, up 1.50%, helped by energy stocks.

Commodities are volatile. Oil has pulled back modestly after hitting a four‑year high, down 1.54%, while gold is rebounding strongly, up 1.77%, as investors hedge macro risk. Copper is higher, natural gas is firmer, and Bitcoin is rising in Canadian‑dollar terms, up 0.65%, as crypto continues to track risk‑on sentiment despite equity volatility.

Market numbers

TSX: Down (‑0.79%), 33,318.39

TSXV: Down (‑1.33%), 982.52

DOW: Up (+1.02%), 49,148.4

NASDAQ: Down (‑0.70%), 27,144.0

FTSE 100: Up (+1.50%), 10,350.00

In the headlines

  • Big Tech dominates earnings headlines: Amazon (TSX:AMZN) jumped after beating revenue expectations, while Microsoft (TSX:MSFT) held steady as cloud growth hit 40%. Alphabet (TSX:GOOG) surged to a fresh record after raising its capital‑expenditure target, underscoring AI confidence. Meta (TSX:META), however, tumbled 7% despite a double earnings beat, as investors balked at heavy AI‑related spending.
  • Ackman’s new fund stumbles out of the gate: Bill Ackman’s newly launched fund fell 18% from its IPO price in its debut, highlighting investor caution toward new vehicles amid volatile markets and rising scrutiny on performance expectations.

Currencies

USD: Up (+0.08%), $0.7313

GBP: Down (‑0.17%), $0.5411

EUR: Down (‑0.03%), $0.62585

JPY: Down (‑2.21%), ¥114.664

AUD: Down (‑0.50%), $1.0217

Bitcoin (BTC/CAD): Up (+0.65%), 104,317.4

(Conversion to C$1)

Commodities

Copper: Up (+0.47%), 5.95645

Gold: Up (+1.77%), 4,624.11

WTI: Down (‑1.54%), 105.50

Natural Gas: Up (+0.49%), 2.651

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