Markets are rebounding after a sharp selloff, with Canadian equities leading gains as the TSX climbs and the Venture index also moves higher. U.S. markets are recovering as well, with both the Dow and Nasdaq bouncing back after what was described as the worst day in over a year. Investors are cautiously stepping back into risk assets, supported by improving sentiment in technology and chipmakers.
Commodities and macro signals are mixed. Oil prices are rising again following renewed Middle East tensions, while gold remains under pressure near multi‑week lows after a sharp selloff. Copper is climbing on underlying demand strength, natural gas is slightly lower, and Bitcoin is essentially flat in Canadian‑dollar terms as it stabilizes above key technical levels after recent volatility.
Market numbers
TSX: Up (+0.75%), 34,671.02
TSXV: Up (+0.35%), 960.00
DOW: Up (+0.53%), 51,021.3
NASDAQ: Up (+2.02%), 29,434.7
FTSE 100: Up (+0.35%), 10,369.64
In the headlines
- Micron rebounds as chip stocks recover: Micron (TSX:MU) — the U.S. memory‑chip maker — is rebounding alongside the broader semiconductor sector after a sharp market rout. Investors are returning to AI‑linked hardware names as valuations reset and demand expectations remain strong.
- AutoCanada expands with repair acquisition: AutoCanada (TSX:ACQ) — the Canadian automotive dealership group — is expanding its footprint by acquiring Contemporary Coachworks, a collision‑repair business in Calgary. The deal strengthens its service offerings and diversification beyond vehicle sales.
- Johnson & Johnson moves into new cancer tech: Johnson & Johnson (NYSE:JNJ) — the global healthcare and pharmaceutical company — is acquiring Firefly Bio for roughly $1 billion, expanding its capabilities in cancer‑drug technology and reinforcing its oncology pipeline.
Currencies
USD: Flat (0.00%), $0.7170
GBP: Down (‑0.13%), $0.5368
EUR: Down (‑0.16%), $0.62137
JPY: Down (‑0.19%), ¥114.799
AUD: Down (‑0.23%), $1.0157
Bitcoin (BTC/CAD): Up (+0.09%), 88,463.1
(Conversion to C$1)
Commodities
Copper: Up (+1.46%), 6.40482
Gold: Up (+0.11%), 4,333.21
WTI: Up (+0.99%), 89.01
Natural Gas: Down (‑0.85%), 3.146
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