The TSX is down 0.48%, while the Venture is sharply lower by 3.47%, as global markets react to surging volatility in metals and a pullback across major equity indices. U.S. futures continued to slide after President Trump nominated Kevin Warsh as the next Federal Reserve Chair, adding uncertainty alongside renewed tariff threats targeted at Canada. Tech stocks led the decline, and the Nasdaq futures point to another weak session.
A dramatic reversal in precious metals is also shaping early sentiment. Gold plunged nearly 6% to around US$5,050, wiping out trillions in market value after a near‑vertical rally. Silver also tumbled as traders reassessed risk amid a stronger dollar and geopolitical noise. Oil rose slightly on steady demand expectations, while natural gas climbed more than 5%.
Market numbers
TSX: Down (–0.48%), 33,016.23
TSXV: Down (–3.47%), 1,108.29
DOW: Down (–0.24%), 48,848.1
NASDAQ: Down (–0.51%), 25,719.2
FTSE: Up (+0.08%), 10,218.26
In the headlines
- Microsoft Sees Massive Post‑Earnings Selloff: Microsoft (TSX:MSFT) stock shed US$360 billion in value after its latest earnings, as cloud growth and guidance failed to meet investor expectations. Apple (TSX:AAPL), meanwhile, held steady after reporting its best‑ever quarter with revenue up 16% to a new record.
- CN Reports Strong Q4 and Raises Dividend: Canadian National Railway (TSX:CNR) posted higher fourth‑quarter profit and revenue year over year and raised its quarterly dividend to 91.5 cents per share, highlighting stable demand and strong operational performance.
Currencies
USD: Down (–0.27%), 0.7389
GBP: Up (+0.19%), 0.5373
EUR: Up (+0.18%), 0.62045
JPY: Up (+0.47%), 114.058
AUD: Up (+0.33%), 1.0546
Bitcoin: Down (–1.74%), 112,219.1
(Conversion to C$1)
Commodities
Copper: Down (–4.22%), 6.05804
Gold: Down (–5.94%), 5,052.33
WTI Crude: Up (+0.46%), 65.00
Natural Gas: Up (+5.26%), 4.060
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