The TSX is up 0.38%, while the TSX Venture Index is higher by 0.88%, as Canadian markets move higher alongside a strong rebound in U.S. technology shares. In the U.S., the Dow is up 0.69% and the Nasdaq is surging 2.31%, helped by Microsoft’s strong revenue forecast and renewed buying in large-cap tech. London’s FTSE 100 is also higher, gaining 1.07%, as global markets stabilize after volatile trading around the Federal Reserve decision.
The broader macro backdrop remains mixed. The U.S. economy grew at a sluggish 1.5% annual pace in the second quarter, while inflation remains above the Federal Reserve’s target, keeping rate uncertainty in focus. Oil is pulling back despite ongoing geopolitical concerns, while gold and copper are moving higher. Bitcoin is also rebounding in Canadian-dollar terms as risk appetite improves.
Market numbers
TSX: Up (+0.38%) 35,468.01
TSXV: Up (+0.88%) 866.15
DOW: Up (+0.69%) 51,917.3
NASDAQ: Up (+2.31%) 27,939.1
FTSE 100: Up (+1.07%) 10,939.20
In the headlines
- Microsoft jumps on major revenue forecast update: Microsoft (TSX:MSFT) — the global software, cloud, and AI infrastructure company behind Windows, Office, Azure, and Copilot — jumped after issuing a major revenue forecast update. Investors are reading the move as another sign that cloud and AI demand remain strong.
- Meta falls as expenses and earnings miss weigh: Meta Platforms (TSX:META) — the social media and digital advertising company behind Facebook, Instagram, WhatsApp, and Threads — fell after missing earnings expectations and raising the lower end of its 2026 capital spending outlook. Investors remain focused on whether heavy AI and data-centre spending will translate into enough cash-flow growth.
- AltaGas raises capital spending guidance after Q2 profit: AltaGas (TSX:ALA) — the Canadian energy infrastructure and utilities company — reported Q2 profit of $288 million, up from $175 million a year earlier, and raised its 2026 capital spending guidance to $1.8 billion. The company also lifted its normalized earnings outlook for the year.
Currencies
USD: Up (+0.14%) $0.7126
GBP: Down (‑0.30%) $0.5309
EUR: Down (‑0.25%) $0.61933
JPY: Down (‑1.77%) ¥114.290
AUD: Down (‑0.78%) $1.0165
Bitcoin (BTC/CAD): Up (+1.65%) 91,266.6
(Conversion to C$1)
Commodities
Copper: Up (+2.15%) 6.52839
Gold: Up (+0.83%) 4,099.93
WTI: Down (‑1.46%) 81.00
Natural Gas: Down (‑1.21%) 2.698
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