The TSX is up 1.87%, while the TSX Venture is up 0.89%, as Canadian markets rally following an unexpectedly soft inflation print showing headline CPI slowing to 2.3% in January. U.S. markets were mixed, with the S&P 500 slipping 0.20% and the Nasdaq down 0.56% as early-session sentiment weakened on renewed concerns about the challenges of an AI‑first economy. The Dow bucked the trend, rising 0.22% as traders shifted into defensive names.
Commodities were mostly lower. Gold fell nearly 2% as Chinese markets remained closed for Lunar New Year, while natural gas and copper both weakened. Oil held steady near flat. Bitcoin slipped more than 0.8% as geopolitical tensions kept global risk appetite depressed, with prices once again drifting toward the mid‑$60,000 (USD) zone according to multiple reports.
Market numbers
TSX: Up (+1.87%), 33,073.71
TSXV: Up (+0.89%), 991.99
DOW: Up (+0.22%), 49,647.2
NASDAQ: Down (‑0.56%), 24,608.1
FTSE 100: Up (+0.45%), 10,510.76
In the headlines
- Canada’s inflation cools sharply in January: Statistics Canada reported that annual inflation unexpectedly slowed to 2.3% in January, with core measures also easing. Economists noted that the absence of last year’s GST/HST holiday will keep upcoming readings “noisy,” but the trend supports expectations for future rate relief.
- Warner Bros reopens talks with Paramount: Warner Bros. Discovery (NDAQ:WBD) — the global entertainment conglomerate known for HBO, Warner Bros Studios, DC, and Discovery — has restarted takeover discussions with Paramount Global (NDAQ:PSKY), the U.S. media giant behind CBS, Nickelodeon and Paramount Pictures. The talks resumed after Netflix (TSX:NFLX) granted a waiver related to licensing agreements, clearing the path for negotiations as Paramount signals interest in a higher bid.
Currencies
USD: Down (‑0.22%), $0.7313
GBP: Up (+0.08%), $0.5406
EUR: Up (+0.03%), $0.61896
JPY: Down (‑0.31%), ¥112.238
AUD: Up (+0.28%), $1.0387
Bitcoin (BTC/CAD): Down (‑0.82%), 93,202.8
(Conversion to C$1)
Commodities
Copper: Down (‑1.77%), 5.71304
Gold: Down (‑1.95%), 4,895.82
WTI: Flat (+0.02%), 62.70
Natural Gas: Down (‑1.80%), 3.047
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