The TSX is up 0.61%, while the TSX Venture Index is higher by 2.09%, as Canadian equities advance on strength in materials and energy with gold pushing back above US$5,000 and oil holding near six‑month highs.
In the U.S., the S&P 500 is up 0.13%, the Dow is down 0.20%, and the Nasdaq is up 0.18% as traders position ahead of the Fed’s preferred inflation gauge and digest softer‑than‑hoped U.S. GDP growth. London’s FTSE 100 is also firmer, up 0.31%, as global sentiment stabilizes after a choppy start to the week.
Commodities are providing a constructive backdrop. Gold gained just over 1% as Middle East tensions and growth worries keep safe‑haven demand in focus, while silver broke out above US$79 after trading in a tight consolidation range.
Oil is slightly lower on the day but still near recent highs as the U.S. warns Iran has only days to reach a deal, and natural gas is modestly higher. Bitcoin has rebounded, rising roughly 0.4% in Canadian‑dollar terms after volatility tied to institutional flows and shifting risk appetite.
Market numbers
TSX: Up (+0.61%), 33,594.98
TSXV: Up (+2.09%), 1,017.36
DOW: Down (‑0.20%), 49,259.4
NASDAQ: Up (+0.18%), 24,861.6
FTSE 100: Up (+0.31%), 10,695.18
In the headlines
- Klarna stock plunges despite revenue milestone: Klarna Group (NYSE:KLAR), the Swedish buy‑now‑pay‑later fintech giant, saw its shares drop 27% even as it reported its first‑ever US$1‑billion revenue year. Investors focused on softer guidance and pressure on credit margins, raising fresh questions about profitability in the BNPL model.
- Hudbay posts stronger Q4 profit and revenue: Hudbay Minerals (TSX:HBM), a Canadian diversified mining company focused on copper, gold, and base metals, reported US$128 million in fourth‑quarter profit with revenue up 25% from a year earlier. The miner cited higher production and firmer metal prices across its key operations.
Currencies
USD: Down (‑0.14%), $0.729
GBP: Down (‑0.20%), $0.5414
EUR: Down (‑0.07%), $0.62055
JPY: Up (+0.14%), ¥113.466
AUD: Down (‑0.08%), $1.0343
Bitcoin (BTC/CAD): Up (+0.42%), 92,039.9
(Conversion to C$1)
Commodities
Copper: Up (+0.10%), 5.82364
Gold: Up (+0.02%), 4,978.22
WTI: Up (+2.80%), 66.41
Natural Gas: Up (+2.12%), 3.085
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