The TSX is down 1.69%, while the TSX Venture Index is lower by 2.67%, as Canadian markets come under renewed pressure from escalating geopolitical risk and sharp swings across commodities. In contrast, U.S. markets are rebounding, with the Dow up more than 1% and the Nasdaq gaining over 2% as investors latch onto hopes of near‑term de‑escalation with Iran. The FTSE 100 is also higher, reflecting a global relief rally after last week’s heavy selloff.
Commodities remain volatile. Oil prices are sharply higher, up nearly 3%, as disruptions through the Strait of Hormuz continue to rattle energy markets. Gold remains under pressure, down more than 1%, extending a brutal pullback despite ongoing war risk. Copper is rebounding strongly, while natural gas is sharply lower. Bitcoin is surging, up nearly 5% in Canadian‑dollar terms, as crypto markets decouple from equities and respond to dollar weakness and shifting risk appetite.
Market numbers
TSX: Down (‑1.69%), 31,317.41
TSXV: Down (‑2.67%), 911.53
DOW: Up (+1.03%), 46,286.2
NASDAQ: Up (+2.12%), 24,297.2
FTSE 100: Up (+1.08%), 9,942.00
In the headlines
- Couche‑Tard stock falls as analysts diverge: Alimentation Couche‑Tard (TSX:ATD), the global convenience‑store and fuel‑retail operator behind Circle K, saw its shares slide as analysts issued widely scattered price targets. Investors are weighing margin pressures, fuel‑volume uncertainty, and the company’s long‑term growth strategy amid heightened volatility in energy markets.
- Goldman raises oil forecasts on historic supply shock: Goldman Sachs (TSX:GS), the U.S. investment bank and global commodities forecaster, raised its long‑term oil price outlook after describing disruptions through the Strait of Hormuz as the largest supply shock the crude market has ever faced. The bank now expects Brent to average $85 in 2026 and WTI $79, citing prolonged flow interruptions and cumulative losses exceeding 800 million barrels.
Currencies
USD: Up (+0.09%), $0.7290
GBP: Down (‑0.31%), $0.5444
EUR: Down (‑0.15%), $0.62884
JPY: Down (‑0.34%), ¥115.627
AUD: Up (+0.32%), $1.0408
Bitcoin (BTC/CAD): Up (+4.73%), 97,517.4
(Conversion to C$1)
Commodities
Copper: Up (+2.87%), 5.47743
Gold: Down (‑1.32%), 4,435.14
WTI Crude: Up (+2.75%), 93.50
Natural Gas: Down (‑3.51%), 2.969
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