Markets are trading lower as investors balance escalating trade tensions with anticipation surrounding Nvidia earnings and upcoming inflation data. The TSX is down 0.11%, while the TSX Venture Index is off 0.62%, reflecting a cautious tone across Canadian equities. In the U.S., the Dow is down 0.07% and the Nasdaq is lower by 0.04%, while London’s FTSE 100 is modestly higher.
The macro backdrop remains mixed. Canada has announced retaliatory tariffs on U.S. goods as the trade dispute escalates, while Ottawa has also unveiled a $7.5-billion tariff-relief package for affected businesses and sectors. Oil prices are steady as investors assess expanded sanctions against Iran, while markets continue watching upcoming PCE inflation data and Nvidia’s earnings report. Bitcoin remains elevated above C$108,000 despite recent volatility, while gold has pulled back modestly from recent highs.
Market numbers
TSX: Down (‑0.11%) 36,916.56
TSXV: Down (‑0.62%) 1,004.66
DOW: Down (‑0.07%) 53,538.0
NASDAQ: Down (‑0.04%) 29,204.3
FTSE 100: Up (+0.14%) 10,912.11
In the headlines
- Meta settles landmark social media case: Meta (TSX:META) settles with US states over social media harms, Meta reaches $17 billion settlement with states in landmark trial over teen social media addiction, and Meta reaches $16.68 billion settlement in social media case. Meta Platforms, the parent of Facebook, Instagram, WhatsApp, and Threads, reached a landmark settlement worth approximately $16.7 to $17 billion with multiple U.S. states over claims tied to social media harms and teen addiction concerns. The agreement removes a major legal overhang that had weighed on the company.
- Dick’s Sporting Goods tumbles on guidance concerns: Dick’s Sporting Goods (NYSE:DKS) Crashes 31% as Foot Locker Deal Trips Up Guidance. Dick’s Sporting Goods plunged after investors reacted negatively to guidance associated with its Foot Locker acquisition, raising concerns about integration costs and earnings performance.
- AMD rallies on growing AI opportunity: AMD (TSX:AMD) Stock Jumps 5% as Wall Street Spots a $201 Billion AI Opportunity. Advanced Micro Devices gained after analysts highlighted the potential size of the AI infrastructure market, reinforcing optimism around AMD’s positioning in AI accelerators, data centers, and next-generation computing.
Currencies
USD: Down (‑0.21%) $0.7207
GBP: Up (+0.09%) $0.5296
EUR: Down (‑0.03%) $0.61867
JPY: Down (‑0.10%) ¥114.914
AUD: Down (‑0.47%) $1.0041
Bitcoin (BTC/CAD): Up (+0.16%) 108,563.6
(Conversion to C$1)
Commodities
Copper: Down (‑0.59%) 6.76672
Gold: Down (‑0.70%) 4,626.11
WTI: Down (‑0.11%) 81.25
Natural Gas: Up (+1.16%) 2.890
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