Snowflake jumps 23% on an AI-driven beat and Air Canada expands routes as the TSX rallies on materials strength ahead of jobs data.
driven beat and Air Canada expands routes as the TSX rallies on materials strength ahead of jobs data.
Snowflake jumps 23% on an AI-driven beat and Air Canada expands routes as the TSX rallies on materials strength ahead of jobs data.

The TSX is up 0.23%, while the TSX Venture Index is ahead 1.15%, as Canadian markets extend their strength after the TSX hit a record high on hopes of progress toward a U.S.–Iran deal. U.S. markets are also firmer, with the Dow up 0.04% and the Nasdaq gaining 0.80% as technology leads early trading and chip stocks rebound. London’s FTSE 100 is nearly flat, down just 0.01%, as investors digest CPI data and shifting currency moves.

Commodities are mixed. Gold is up 1.17%, while copper is also higher as investors maintain exposure to metals. Oil is lower, with WTI down 0.75%, even as broader energy and geopolitical headlines remain active. Natural gas is up more than 1%. Bitcoin is also higher in Canadian-dollar terms, gaining 0.62%, while the loonie strengthens against the U.S. dollar but weakens against the yen and Australian dollar.

Market numbers

TSX: Up (+0.23%) 36,558.82

TSXV: Up (+1.15%) 977.72

DOW: Up (+0.04%) 53,824.0

NASDAQ: Up (+0.80%) 29,778.7

FTSE 100: Down (‑0.01%) 10,815.94

In the headlines

  • CoreWeave surges as AI demand accelerates: CoreWeave (NDAQ:CRWV), the AI cloud infrastructure company focused on high-performance compute, jumped as demand for AI capacity continues to explode. Investors are also watching rising spending levels, as the company races to expand infrastructure for large-scale AI workloads.
  • CodeRabbit reaches $1.5B valuation: CodeRabbit, the Nvidia-backed AI code review startup, was valued at $1.5 billion in a new funding round. The company is benefiting from demand for tools that help identify flaws in AI-generated software code as adoption of AI coding tools accelerates.

Currencies

USD: Up (+0.07%) $0.7182

GBP: Flat (0.00%) $0.5312

EUR: Up (+0.03%) $0.62236

JPY: Down (‑0.10%) ¥114.279

AUD: Down (‑0.24%) $1.0144

Bitcoin (BTC/CAD): Up (+0.62%) 89,005.7

(Conversion to C$1)

Commodities

Copper: Up (+0.37%) 6.72451

Gold: Up (+1.17%) 4,419.26

WTI: Down (‑0.75%) 81.24

Natural Gas: Up (+1.08%) 2.802

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