Markets opened mixed this morning as Canadian equities slipped while U.S. benchmarks edged higher. The TSX is down nearly 1%, weighed by financials, while the Venture Index is flat. In the U.S., the Dow and Nasdaq are modestly higher despite a lackluster start to December, with the Nasdaq Composite dipping 0.4% yesterday. London’s FTSE is slightly weaker.
Commodities are in focus as silver surged past $58, doubling its gains for 2025, while gold eased slightly after breaking resistance earlier this week. Bitcoin is higher after major corporate Bitcoin holder MicroStrategy (NDAQ:MSTR) raised $1.44 billion to strengthen its balance sheet and weather the crypto downturn. Energy markets remain volatile, with crude under pressure and natural gas climbing.
Market numbers
TSX: Down (-0.90%), 31,101.78
TSXV: Flat (0.00%), 939.91
DOW: Up (+0.30%), 47,488
NASDAQ: Up (+0.42%), 25,507.50
FTSE: Down (-0.17%), 9,719
In the headlines
- Laurentian Bank Announces Split Sale: Laurentian Bank (TSX:LB) will sell parts of its business to Fairstone Bank and National Bank in a strategic move to streamline operations. The deal underscores consolidation trends in Canadian banking.
- Scotiabank Beats Earnings Estimates: Scotiabank (TSX:BNS) topped analyst expectations despite restructuring and severance costs. The bank’s performance highlights resilience amid a challenging environment for financial institutions.
Currencies
USD: Up (+0.01%), $0.7141
GBP: Up (+0.06%), $0.5405
EUR: Down (-0.05%), $0.6149
JPY: Up (+0.38%), ¥111.488
AUD: Up (+0.28%), $0.91852
Bitcoin (BTC/CAD): Up (+2.61%), 123,901.9
(Conversion to C$1)
Commodities
Copper: Up (+0.65%), 5.30281
Gold: Down (-0.16%), 4,224.50
WTI: Down (-1.01%), 59.013
Natural Gas: Up (+0.66%), 4.912
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