The TSX is up 0.24%, while the Venture is higher by 0.46%, as investors navigate another dense earnings cycle highlighted by record‑setting moves in gold and copper. Risk appetite remains firm after the S&P 500 pushed above 7,000, with traders reviewing megacap results and eyeing Apple’s report later in the day.
Safe‑haven metals continued their extraordinary rally: gold surged above US$5,500 on fears of currency debasement and a weaker U.S. dollar, while copper spiked more than 9% amid intense speculative activity in China. Oil rose as supply concerns resurfaced, and natural gas dipped slightly. AI‑related capital spending remained the recurring theme across Big Tech, with Meta, Microsoft, and Tesla laying out enormous infrastructure budgets.
Market numbers
TSX: Up (+0.24%), 33,176.70
TSXV: Up (+0.46%), 1,148.10
DOW: Up (+0.01%), 48,980.1
NASDAQ: Down (–0.10%), 26,017.6
FTSE: Up (+1.06%), 10,261.96
In the headlines
- Caterpillar Earnings Lift Shares: Caterpillar (NYSE:CAT) stock rose after quarterly results beat expectations, with revenue climbing to US$19.1 billion and adjusted profit hitting US$5.16 per share. The company said AI data‑center build‑outs continue to fuel demand for its power equipment, though tariff impacts are expected to intensify heading into 2026.
- Big Tech Spending Dominates: Meta (TSX:META) shares climbed on a Q4 earnings beat and plans to spend up to US$135 billion on AI infrastructure this year, while Microsoft (TSX:MSFT) topped revenue and profit expectations but saw its stock slip on cautious cloud commentary. Both firms highlighted accelerating AI investment as a core strategic priority.
Currencies
USD: Up (+0.42%), 0.7402
GBP: Up (+0.26%), 0.5357
EUR: Up (+0.30%), 0.61884
JPY: Up (+0.28%), 113.464
AUD: Down (–0.13%), 1.0547
Bitcoin (BTC/CAD): Down (–1.80%), 118,551.9
(Conversion to C$1)
Commodities
Copper: Up (+9.52%), 6.60947
Gold: Up (+2.41%), 5,548.23
WTI: Up (+5.03%), 65.55
Natural Gas: Down (–0.49%), 3.833
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