The TSX is up 1.50%, while the TSX Venture Index is higher by 3.08%, as Canadian equities rally on strength in energy and mining after oil extended its biggest jump since October. U.S. markets are softer, with the S&P 500 down 0.28%, the Dow off 0.32%, and the Nasdaq lower by 0.40% as investors weigh a widening divide at the Federal Reserve over the timing of rate cuts. In Europe, the FTSE 100 is down 0.78%, reflecting a cautious global tone even as select Canadian names post solid earnings.
Commodities are helping to support local risk appetite. Oil is up nearly 3% as traders continue to price in Iran‑related supply risks, while natural gas is higher and gold is flat to slightly positive ahead of key Fed commentary. Copper is under pressure, slipping more than 1%, and Bitcoin is down about 0.7% in Canadian‑dollar terms as broader risk sentiment remains uneven. Domestically, investors are also digesting a narrower trade deficit and strong consumer and retail updates from names like Canadian Tire and MTY Food Group.
Market numbers
TSX: Up (+1.50%), 33,389.73
TSXV: Up (+3.08%), 996.49
DOW: Down (‑0.32%), 49,485.0
NASDAQ: Down (‑0.40%), 24,798.5
FTSE 100: Down (‑0.78%), 10,619.08
In the headlines
- Cenovus posts sharp profit increase: Cenovus Energy (TSX:CVE), a major Canadian integrated oil and natural‑gas producer, reported fourth‑quarter profit of $934 million, up from $146 million a year earlier. The company said stronger upstream performance and improved refining margins underpinned the jump in earnings.
- Teck reports higher Q4 profit and revenue: Teck Resources (TSX:TECK.A), one of Canada’s largest diversified mining companies focused on copper, zinc, steelmaking coal, and critical minerals, posted fourth‑quarter profit and revenue above last year’s levels. Management pointed to solid base‑metal pricing and continued operational execution across its key assets.
Currencies
USD: Down (‑0.08%), $0.7292
GBP: Up (+0.33%), $0.5425
EUR: Up (+0.24%), $0.62116
JPY: Up (+0.19%), ¥113.263
AUD: Down (‑0.02%), $1.0362
Bitcoin (BTC/CAD): Down (‑0.70%), 90,410.6
(Conversion to C$1)
Commodities
Copper: Down (‑1.17%), 5.76472
Gold: Up (+0.02%), 4,978.22
WTI: Up (+2.80%), 66.41
Natural Gas: Up (+2.12%), 3.085
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