Markets mixed as Intel jumps 20% on earnings and AI optimism builds. Cohere expands into Europe, DeepSeek upgrades its model, oil climbs and Bitcoin rises.
Markets mixed as Intel jumps 20% on earnings and AI optimism builds. Cohere expands into Europe, DeepSeek upgrades its model, oil climbs and Bitcoin rises.

The TSX is down 0.12%, while the TSX Venture Index is sharply lower by 2.91%, as Canadian markets pull back amid renewed pressure from energy prices and lingering global uncertainty. U.S. markets are firmer, with the Dow up 0.14% and the Nasdaq higher by 0.78%, driven by strong earnings reactions in technology and continued optimism around artificial‑intelligence investment. In Europe, the FTSE 100 is slightly higher, up 0.04%, reflecting a cautious but resilient tone.

Commodities are mixed. Oil is climbing again, up nearly 4%, as Brent briefly surged above US$107 and geopolitical risk remains elevated. Gold is modestly higher as investors hedge volatility, while copper is slightly higher. Natural gas is under pressure. Bitcoin is moving higher in Canadian‑dollar terms, up just over 0.4%, as crypto continues to benefit from improving risk appetite and capital inflows tied to AI enthusiasm.

Market numbers

TSX: Down (‑0.12%), 33,912.93

TSXV: Down (‑2.91%), 1,020.23

DOW: Up (+0.14%), 49,281.0

NASDAQ: Up (+0.78%), 27,111.3

FTSE 100: Up (+0.04%), 10,407.97

In the headlines

  • Cohere buys Aleph Alpha to expand in Europe: Cohere — the Canadian artificial‑intelligence startup focused on large language models for enterprise use — announced it is acquiring Germany’s Aleph Alpha. The deal accelerates Cohere’s European expansion as competition intensifies among AI model developers.
  • DeepSeek rolls out major AI model update: DeepSeek — a Chinese AI company — released a long‑anticipated update to its core AI model, marking a significant step in China’s push to compete with Western generative‑AI leaders. The move highlights escalating global competition in foundational AI technology.
  • Intel shares surge 20% on earnings beat: Intel (TSX:INTC) — the U.S. semiconductor manufacturer — jumped sharply after reporting stronger‑than‑expected earnings and issuing an upbeat outlook. Investors welcomed signs of execution improvement and growing demand tied to AI‑related chip infrastructure.

Currencies

USD: Up (+0.07%), $0.7306

GBP: Down (‑0.15%), $0.5413

EUR: Down (‑0.11%), $0.62420

JPY: Down (‑0.04%), ¥116.579

AUD: Up (+0.01%), $1.0239

Bitcoin (BTC/CAD): Up (+0.42%), 107,139.3

(Conversion to C$1)

Commodities

Copper: Up (+0.10%), 6.08797

Gold: Up (+0.17%), 4,702.29

WTI Crude: Up (+3.95%), 96.54

Natural Gas: Down (‑1.10%), 2.692

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