Markets are showing signs of stabilization after last week’s sharp technology selloff, with semiconductor stocks leading a recovery across global markets. The TSX and Venture are moving modestly higher, while U.S. markets are also advancing, led by gains in technology shares. Investors continue to balance renewed optimism around AI demand with ongoing geopolitical uncertainty and tariff concerns.
Commodities are mixed as oil prices remain elevated despite a slight pullback, while copper is climbing on expectations of resilient industrial demand. Gold is edging lower as investors rotate back toward equities, and natural gas is also weaker. Bitcoin is relatively steady in Canadian-dollar terms as ETF inflows continue to improve sentiment after a difficult stretch for crypto markets.
Market numbers
TSX: Up (+0.19%) 35,331.89
TSXV: Up (+0.84%) 862.10
DOW: Up (+0.08%) 52,200.8
NASDAQ: Up (+1.11%) 28,956.1
FTSE 100: Down (‑0.41%) 10,521.40
In the headlines
- Chip stocks bounce back as AI trade steadies: Advanced Micro Devices (TSX:AMD), Micron (NDAQ:MU), and SK Hynix led a rebound in semiconductor stocks as investors returned to the sector following last week’s selloff. Strong long-term demand for AI infrastructure continues to support confidence in memory and data-centre chipmakers.
- Alphabet enters earnings week under pressure (GOOGL): Alphabet (TSX:GOOG) shares remain roughly 15% below recent record highs as investors look ahead to the company’s second-quarter earnings report. Markets are focused on advertising trends, AI spending, and cloud growth as the company looks to regain momentum.
Currencies
USD: Down (‑0.18%) $0.7115
GBP: Down (‑0.13%) $0.5290
EUR: Down (‑0.01%) $0.62356
JPY: Down (‑0.19%) ¥115.620
AUD: Down (‑0.55%) $1.0155
Bitcoin (BTC/CAD): Down (‑0.13%) 90,635.9
(Conversion to C$1)
Commodities
Copper: Up (+1.33%) 6.38500
Gold: Down (‑0.18%) 4,010.26
WTI: Down (‑0.81%) 79.40
Natural Gas: Down (‑0.62%) 2.862
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