The TSX is up 0.57%, while the TSX Venture Index is up 1.36%, as Canadian markets rise alongside a global tech rebound driven by bargain‑hunting and optimism surrounding Nvidia’s earnings later today.
U.S. markets opened stronger, with the S&P 500 up 0.43%, the Dow up 0.44%, and the Nasdaq higher by 0.40% as traders digested upbeat pre‑market sentiment tied to Meta and AMD’s 6‑gigawatt GPU announcement. The FTSE 100 gained 0.64% on broad‑based strength in financials and industrials.
Commodities are mixed. Gold rose nearly 0.8% after tariff uncertainty lifted safe‑haven demand, though oil slipped slightly following a multi‑day climb. Natural gas ticked higher, and copper gained just over 1%. Bitcoin surged nearly 3.8% in Canadian‑dollar terms after briefly dropping during Trump’s tariff speech before buyers stepped in. Markets continue watching inflation signals, U.S.–China tariff developments, and signs of rotation in global tech leadership.
Market numbers
TSX: Up (+0.57%), 33,970.38
TSXV: Up (+1.36%), 1,065.30
DOW: Up (+0.44%), 49,370.2
NASDAQ: Up (+0.40%), 25,095.1
FTSE 100: Up (+0.64%), 10,775.70
In the headlines
- Lucid shares fall despite revenue beat: Lucid Group (NDAQ:LCID) — the U.S. luxury EV manufacturer known for its high‑performance Air sedan — saw its stock drop 5% despite reporting stronger‑than‑expected revenue and a positive delivery outlook. Investors focused on continued cash burn and production challenges.
- BMO posts higher Q1 profit: Bank of Montreal (TSX:BMO) — one of Canada’s Big Five banks with major commercial and retail operations across North America — reported first‑quarter profit of $2.49 billion, up from $2.14 billion a year ago. Results were supported by stronger loan growth and stable credit performance.
- GSK to acquire 35Pharma for $950M: GSK (NYSE:GSK) — the global pharmaceutical company behind numerous respiratory, vaccine, and specialty‑care treatments — agreed to acquire Montreal‑based 35Pharma for $950 million. The Canadian biotech is developing a novel therapy for pulmonary hypertension.
Currencies
USD: Up (+0.01%), $0.7298
GBP: Down (‑0.18%), $0.5399
EUR: Down (‑0.20%), $0.61989
JPY: Up (+0.53%), ¥114.410
AUD: Down (‑0.49%), $1.0289
Bitcoin (BTC/CAD): Up (+3.78%), 91,210.5
(Conversion to C$1)
Commodities
Copper: Up (+1.02%), 6.01872
Gold: Up (+0.79%), 5,184.40
WTI: Down (‑0.71%), 65.95
Natural Gas: Up (+1.41%), 2.885
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