Markets push higher on AI optimism as Cerebras prepares a major IPO. TSX rises, Nasdaq hits records, oil drops sharply, gold eases, and Bitcoin climbs.
Markets push higher on AI optimism as Cerebras prepares a major IPO. TSX rises, Nasdaq hits records, oil drops sharply, gold eases, and Bitcoin climbs.

The TSX is higher this morning, with the TSX Venture Index also edging up, as Canadian markets track global risk appetite driven by fresh record highs in U.S. equities. The Nasdaq continues to lead as investors push through inflation concerns and stay focused on artificial intelligence growth stories. In contrast, U.K. markets are under pressure, with the FTSE 100 slipping as global investors rotate away from Europe.

Commodities are mixed. Oil prices are sharply lower after recent spikes, as markets weigh geopolitical headlines against hopes for more stable crude flows. Gold is easing slightly after a strong run, copper is modestly lower, and natural gas is under pressure. Bitcoin is higher in Canadian‑dollar terms, continuing to benefit from momentum and speculative inflows tied to the broader AI‑led risk rally.

Market numbers

TSX: Up (+0.34%), 34,157.39

TSXV: Up (+0.06%), 1,016.72

DOW: Up (+0.29%), 49,947.5

NASDAQ: Up (+0.28%), 29,565.6

FTSE 100: Down (‑0.20%), 10,329.93

In the headlines

  • Cerebras readies blockbuster AI debut: Cerebras — the AI chipmaker known for its wafer‑scale processors — is set to debut in public markets at $185 per share, implying a market value near $55 billion. The IPO underscores continued investor enthusiasm for large‑scale AI infrastructure plays.
  • Honda posts first‑ever annual loss on EV push: Honda (NYSE:HMC) — the Japanese automaker — reported its first annual loss, weighed down by heavy costs tied to its electric‑vehicle strategy. The results highlight the financial strain facing legacy automakers as they transition toward electrification.
  • Carney to unveil clean electricity strategy: Prime Minister Mark Carney is set to announce a new clean electricity strategy, aimed at supporting decarbonization and long‑term energy security. The move could shape future investment across power generation, transmission, and industrial electrification.

Currencies

USD: Down (‑0.14%), $0.7283

GBP: Up (+0.11%), $0.5396

EUR: Up (+0.04%), $0.62318

JPY: Down (‑0.40%), ¥114.740

AUD: Up (+0.39%), $1.0086

Bitcoin (BTC/CAD): Up (+0.81%), 109,571.0

(Conversion to C$1)

Commodities

Copper: Down (‑0.32%), 6.61224

Gold: Down (‑0.17%), 4,680.77

WTI: Down (‑9.00%), 92.00

Natural Gas: Down (‑1.88%), 2.811

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