The TSX is up 0.66%, while the TSX Venture Index is up 2.48%, as Canadian markets rally despite a global spike in tariff‑driven uncertainty after the U.S. announced sweeping changes to trade rules.
U.S. markets opened weaker, with the S&P 500 down 0.30%, the Dow off 0.01%, and the Nasdaq up 0.19% as traders prepared for a crucial inflation reading and awaited Nvidia’s earnings — a key sentiment driver for AI‑linked equities. London’s FTSE 100 gained 0.07% as markets assessed the implications of the U.S. move to halt collection of tariffs ruled illegal by the Supreme Court.
Commodity markets remained volatile. Gold rose 1.26% as traders processed fresh tariff headlines and positioning ahead of central‑bank commentary, while silver continued to see high‑beta swings.
Oil was flat despite six‑month‑high pricing on Iran tensions, natural gas slumped more than 5%, and copper drifted lower. Bitcoin fell more than 2% in CAD terms, breaking below key support as tariff shocks triggered broad risk aversion across crypto and equities.
Market numbers
TSX: Up (+0.66%), 33,817.51
TSXV: Up (+2.48%), 1,042.56
DOW: Down (‑0.01%), 49,626.4
NASDAQ: Up (+0.19%), 24,960.0
FTSE 100: Up (+0.07%), 10,724.46
In the headlines
- Loblaw to build 70 new stores, renovate 191 more: Loblaw Companies (TSX:L) — Canada’s largest grocery and pharmacy retailer, owning Real Canadian Superstore, No Frills, Loblaws, and Shoppers Drug Mart — announced plans to invest $2.4 billion in 2026 to expand and modernize its retail footprint. The move includes 70 new stores and nearly 200 major renovations as part of its longer‑term plan to spend $10 billion by 2030.
- Nvidia prepares to report Q4 earnings: Nvidia (TSX:NVDA) — the world’s leading AI semiconductor designer and a dominant supplier of GPU acceleration hardware — is set to report fourth‑quarter results this week, with analysts watching for updates on AI‑data‑center demand, supply constraints, and its extreme valuation premium. The stock continues to trade at historically unusual multiples even as expectations for AI adoption remain high.
Currencies
USD: Up (+0.08%), $0.7311
EUR: Flat (0.00%), $0.62040
GBP: Down (‑0.17%), $0.5410
JPY: Down (‑0.15%), ¥113.189
AUD: Up (+0.12%), $1.0328
Bitcoin (BTC/CAD): Down (‑2.19%), 90,509.2
(Conversion to C$1)
Commodities
Copper: Down (‑0.89%), 5.87243
Gold: Up (+1.26%), 5,171.62
WTI: Up (+0.09%), 66.70
Natural Gas: Down (‑5.48%), 3.004
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