Markets are trading lower as investors step back from record territory and reassess risk following a strong multi‑week rally. Canadian equities are under pressure, with the TSX slipping as weakness in commodities weighs on sentiment. In the U.S., stocks are mixed after the Dow pulled back sharply while the Nasdaq managed to hold modest gains. European markets are firmer, with the FTSE 100 advancing despite ongoing geopolitical uncertainty.
Commodities are sending a mixed message. Oil prices are sliding again as hopes grow for easing tensions around the Strait of Hormuz, while gold is also moving lower as investors rotate away from safe havens. Copper is down slightly, natural gas is climbing, and Bitcoin is weaker in Canadian‑dollar terms after sharp ETF‑driven outflows pushed the cryptocurrency to a six‑week low in U.S. trading.
Market numbers
TSX: Down (‑0.44%), 34,675.98
TSXV: Up (+0.39%), 998.65
DOW: Down (‑0.69%), 50,718.2
NASDAQ: Up (+0.16%), 29,863.6
FTSE 100: Up (+0.89%), 10,530.32
In the headlines
- Caesars to be acquired in $17.6B deal: Caesars Entertainment (NDAQ:CZR) — the casino and hospitality giant — has agreed to be acquired by Fertitta Entertainment in a deal valued at $17.6 billion. The transaction would bring together major gaming assets under one privately held umbrella, reshaping the North American casino landscape.
- Snowflake rockets on Amazon partnership and earnings beat: Snowflake (NYSE:SNOW) — the cloud data‑warehousing company — surged nearly 40% after announcing a $6‑billion deal with Amazon alongside stronger‑than‑expected earnings. Investors welcomed improved demand visibility and Snowflake’s deeper integration into the AI‑driven cloud ecosystem.
Currencies
USD: Down (‑0.01%), $0.7238
GBP: Up (+0.26%), $0.5374
EUR: Up (+0.09%), $0.62287
JPY: Up (+0.18%), ¥115.354
AUD: Down (‑0.04%), $1.0092
Bitcoin (BTC/CAD): Down (‑0.16%), 106,513.3
(Conversion to C$1)
Commodities
Copper: Down (‑1.00%), 6.43122
Gold: Down (‑1.09%), 4,520.61
WTI: Down (‑3.21%), 90.33
Natural Gas: Up (+1.08%), 3.094
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