The TSX is modestly lower this morning, while the TSX Venture Index is essentially flat, as Canadian markets digest mixed global signals and renewed uncertainty around oil supply and geopolitics. U.S. markets are soft, with the Dow lower and the Nasdaq barely positive, as investors weigh upbeat sentiment in technology against lingering risks tied to the Strait of Hormuz. London’s FTSE 100 is slightly higher, reflecting cautious optimism overseas.
Commodities are pulling back after recent volatility. Oil prices are easing despite ongoing threats around Hormuz, while gold is under pressure as investors rotate toward risk assets. Copper is weaker on growth concerns, natural gas is moving higher, and Bitcoin is rallying again, climbing more than half a percent in Canadian‑dollar terms as it pushes toward the US$80,000 level.
Market numbers
TSX: Down (‑0.22%), 33,891.18
TSXV: Down (‑0.04%), 994.44
DOW: Down (‑0.40%), 49,257.9
NASDAQ: Up (+0.02%), 27,736.0
FTSE 100: Up (+0.06%), 10,359.68
In the headlines
- GameStop floats a surprise eBay takeover bid: GameStop (NYSE:GME) — the video‑game retailer turned meme‑stock icon — is reportedly seeking to acquire eBay in a proposed $56‑billion deal. The unexpected move has reignited debate over GameStop’s strategic direction and its ambitions beyond physical retail.
- Spirit nearly completes customer refunds after shutdown: Spirit Airlines (PINL:FLYYQ) — the ultra‑low‑cost U.S. carrier — says it is close to finishing the processing of customer refunds following its shutdown. The update offers some relief to stranded customers as the airline winds down operations.
Currencies
USD: Down (‑0.20%), $0.7340
GBP: Down (‑0.11%), $0.5411
EUR: Down (‑0.16%), $0.62683
JPY: Down (‑0.22%), ¥115.314
AUD: Up (+0.02%), $1.0211
Bitcoin (BTC/CAD): Up (+0.65%), 107,446.6
(Conversion to C$1)
Commodities
Copper: Down (‑0.98%), 5.90859
Gold: Down (‑1.08%), 4,564.50
WTI Crude Oil: Down (‑2.55%), 102.32
Natural Gas: Up (+1.20%), 2.867
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