TSX and Nasdaq rise as CoreWeave jumps on AI demand and CodeRabbit hits a $1.5B valuation. Gold and copper climb, oil slips and Bitcoin gains.
TSX and Nasdaq rise as CoreWeave jumps on AI demand and CodeRabbit hits a $1.5B valuation. Gold and copper climb, oil slips and Bitcoin gains.

Canada’s main stock index took a slide as markets opened on Monday. The financial market was one of the few sectors to advance on the TSX, while tech, energy, mining, and healthcare all logged declines. US markets were split coming out of the July 4th holiday and America 250 celebration weekend.

Market numbers

TSX: Down (0.35%), 35,152.45.

TSXV: Down (0.95%), 929.36.

DOW: Down (0.38%), 52,700.66.

NASDAQ: Up (1.01%), 26,092.32.

FTSE: Down (0.40%), 10,636.56.

In the headlines

Prime Minister Mark Carney is expected to announce the preferred bidder for a contract to construct 12 new submarines for the Royal Canadian Navy, according to media reports.

The competition has narrowed to two contenders: German-Norwegian defence contractor Thyssenkrupp Marine Systems (OTC Pink: TKAMY) and South Korean shipbuilder Hanwha Ocean.

Meanwhile, the Bank of Canada is widely expected to leave interest rates unchanged this year, with its next monetary policy announcement scheduled for July 15.

Currencies

USD: Down (0.23%), US$0.7026.

GBP: Down (0.23%), £0.5259.

EUR: Down (0.05%), €0.6153.

JPY: Up (0.09%), ¥114.08.

AUD: Up (0.20%), A$0.9868.

Bitcoin: Down (2.25%), C$88,332.50.

(Conversion to C$1)

Commodities

Copper: Up (0.96%), US$6.23428.

Gold: Down (1.09%), US$4,136.85.

WTI: Up (0.10%), US$68.76.

Natural Gas: Up (0.91%), US$3.225.

To stay up-to-date on all of your market news head to Stockhouse.com.

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