Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX is up 0.72%, and the TSX Venture Index is higher by 1.29% as markets react to political and regulatory headlines. The DOJ’s criminal probe into Fed Chair Jay Powell shook futures earlier, but equities stabilized as investors assessed the impact on monetary policy. Gold surged past $4,600 on safe-haven demand, while the euro jumped to $1.17 against the dollar amid Fed uncertainty.

Commodities and currencies reflected the volatility: oil held near $58 as traders monitored geopolitical risks, while copper rallied on industrial optimism. Bitcoin slipped, and the Canadian dollar strengthened against the U.S. dollar but weakened versus the pound and euro.

Market numbers

TSX: Up (+0.72%), 32,612.93

TSXV: Up (+1.29%), 1,052.18

DOW: Up (+0.48%), 49,504.08

NASDAQ: Up (+1.02%), 25,766.26

FTSE: Up (+0.85%), 10,112.0

In the headlines

  • Lululemon Raises Guidance: Lululemon (NDAQ:LULU) expects Q4 sales and EPS to hit the high end of its forecast, signaling strong holiday demand and margin strength.
  • Credit Card Stocks Under Pressure: Capital One (NYSE:COF) and American Express (NYSE:AXP) shares fell after Donald Trump proposed a 10% cap on credit card fees, sparking concerns over revenue impact.

Currencies

USD: Up (+0.28%), $0.7203

GBP: Down (-0.28%), $0.5343

EUR: Down (-0.19%), $0.6163

JPY: Up (+0.28%), ¥113.758

AUD: Up (+0.14%), $0.93155

Bitcoin (BTC/CAD): Down (-0.63%), $125,477.9

(Conversion to C$1)

Commodities

Copper: Up (+1.85%), $6.0264

Gold: Up (+2.09%), $4,604.00

WTI: Up (+0.05%), $58.827

Natural Gas: Down (-0.96%), $3.208

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