Markets retreat as Nvidia slips despite a double beat and SpaceX reveals weaker‑than‑hyped financials. Oil surges, gold falls, and Bitcoin eases.
Markets retreat as Nvidia slips despite a double beat and SpaceX reveals weaker‑than‑hyped financials. Oil surges, gold falls, and Bitcoin eases.

The TSX is down 0.42%, while the TSX Venture Index is up 1.30%, as Canadian markets trade mixed following a volatile stretch driven by geopolitics and macro uncertainty. U.S. markets are softer, with the Dow down 0.31%, while the Nasdaq is higher by 0.56% as selective strength in AI‑linked names offsets broader caution. London’s FTSE 100 is modestly higher, reflecting a steadier tone in European equities.

Commodities are leaning risk‑on. Copper is rallying more than 2%, signaling improved growth sentiment, while gold is edging higher. Oil prices are rebounding again, up nearly 2%, as the Iran conflict remains unresolved despite ceasefire discussions. Natural gas is slightly lower. Bitcoin is moving higher in Canadian‑dollar terms, up nearly half a percent, as crypto tracks strength in risk assets.

Market numbers

TSX: Down (‑0.42%), 33,477.71

TSXV: Up (+1.30%), 995.39

DOW: Down (‑0.31%), 48,036.9

NASDAQ: Up (+0.56%), 25,186.1

FTSE 100: Up (+0.15%), 10,619.70

In the headlines

  • CoreWeave jumps on $21B Meta deal: CoreWeave (NDAQ:CRWV), an AI‑focused cloud‑infrastructure provider specializing in GPU compute, surged after announcing a $21‑billion agreement with Meta (TSX:META). The deal positions CoreWeave as a critical supplier of AI capacity as Meta ramps spending to compete in the global AI arms race.
  • MTY Food Group reports Q1 profit despite sales dip: MTY Food Group (TSX:MTY), the Canadian restaurant franchisor behind brands such as Mucho Burrito, Thai Express, and Baton Rouge, posted a $36.9‑million first‑quarter profit. Sales slipped year over year, but profitability held up due to cost controls and franchise‑driven margins.

Currencies

USD: Up (+0.04%), $0.7241

GBP: Down (‑0.23%), $0.5376

EUR: Down (‑0.24%), $0.61726

JPY: Up (+0.12%), ¥115.230

AUD: Up (+0.02%), $1.0222

Bitcoin (BTC/CAD): Up (+0.44%), 99,713.9

(Conversion to C$1)

Commodities

Copper: Up (+2.37%), 584.76

Gold: Up (+0.17%), 4,773.79

WTI Crude: Up (+1.68%), 90.90

Natural Gas: Down (‑0.52%), 2.654

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