Markets are mixed as strength in Canadian equities contrasts with renewed weakness in technology stocks. The TSX is pushing higher, supported by gains in energy and materials, while U.S. markets are split with the Dow rising strongly and the Nasdaq falling as AI momentum cools. Investors appear to be rotating capital out of high‑growth names and into cyclicals and value plays, reflecting a more cautious tone after a record‑breaking run.
Commodities are driving much of today’s positioning. Oil prices are climbing as geopolitical tensions persist, supporting energy stocks, while gold is rebounding as investors step back into defensive assets. Copper is firm on infrastructure demand, while natural gas is also moving higher. Bitcoin is under pressure, slipping in Canadian‑dollar terms as falling risk appetite in crypto contrasts with continued resilience in equities.
Market numbers
TSX: Up (+0.30%), 34,905.98
TSXV: Up (+0.38%), 1,009.03
DOW: Up (+1.20%), 51,304.8
NASDAQ: Down (‑0.83%), 30,148.0
FTSE 100: Up (+0.25%), 10,331.02
In the headlines
- Deep Sky signs long‑term carbon deal with TD: Deep Sky — the Canadian carbon removal company — signed a 10‑year carbon credit agreement with TD Bank Group (TSX:TD), marking another step in the expansion of institutional participation in environmental markets and long‑term carbon offset strategies.
- Broadcom loses $300B as AI expectations reset: Broadcom (NDAQ:AVGO) — a major AI and semiconductor player — saw roughly $300 billion wiped from its market value after issuing an outlook that fell short of lofty expectations. The reaction highlights growing investor sensitivity to guidance in the AI sector after a prolonged rally.
- TransAlta expands U.S. gas footprint: TransAlta (TSX:TA) — the Canadian power producer — is acquiring two gas‑fired power plants in Colorado in a deal valued at about US$1 billion. The move strengthens its U.S. generation portfolio and positions the company to benefit from sustained energy demand.
Currencies
USD: Up (+0.04%), $0.7198
GBP: Down (‑0.19%), $0.5350
EUR: Down (‑0.22%), $0.61902
JPY: Down (‑0.01%), ¥115.192
AUD: Down (‑0.14%), $1.0077
Bitcoin (BTC/CAD): Down (‑0.52%), 88,539.4
(Conversion to C$1)
Commodities
Copper: Up (+1.04%), 6.58436
Gold: Up (+1.79%), 4,513.79
WTI: Down (‑2.91%), 90.10
Natural Gas: Up (+2.91%), 3.326
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