The TSX is up 1.10%, while the TSX Venture Index is up 1.82%, as Canadian markets climb despite a sharp selloff in U.S. tech following Nvidia’s pullback. The S&P 500 fell 0.58%, the Dow dropped 0.87%, and the Nasdaq slid 0.43% as risk appetite weakened under tariff uncertainty and renewed pressure on AI‑linked equities. The FTSE 100 rose 0.33% as European markets steadied.
Investors digested a wave of economic headlines, including data showing Canada’s economy contracted more than expected at the end of 2025 as companies drew down inventories. Gold rose as traders reacted to volatile tariff developments, while oil climbed ahead of U.S.–Iran talks heading into the weekend. Bitcoin, however, fell more than 2% in CAD terms after cracking below US$65,000 amid tariff‑driven volatility.
Market numbers
TSX: Up (+1.10%), 34,501.96
TSXV: Up (+1.82%), 1,106.69
DOW: Down (‑0.87%), 48,883.3
NASDAQ: Down (‑0.43%), 24,848.0
FTSE 100: Up (+0.33%), 10,888.18
In the headlines
- Netflix stock jumps after exiting Warner Bros. bid: Netflix (TSX:NFLX) — the world’s largest streaming entertainment platform — saw shares surge after walking away from a competitive bid for Warner Bros. (NDAQ:WBD) content rights, clearing the path for Paramount (NDAQ:PSKY) to secure the deal. Analysts said Netflix’s disciplined approach improved investor sentiment.
- CoreWeave slides on cautious guidance: CoreWeave (NDAQ:CRWV) — the fast‑growing AI cloud‑infrastructure provider specializing in GPU‑accelerated compute — fell 9% after issuing timid guidance and highlighting rising debt obligations. Traders reacted to concerns around capital intensity and near‑term margin pressure.
- TransAlta strikes data‑centre deal: TransAlta (TSX:TA) — a major Canadian power‑generation company focused on renewables and gas — signed a data‑centre development partnership with CPP Investments and Brookfield. The agreement underscores rising electricity demand from AI infrastructure and cloud buildouts.
Currencies
USD: Up (+0.15%), $0.7320
GBP: Up (+0.28%), $0.5432
EUR: Down (‑0.07%), $0.6200
JPY: Up (+0.09%), ¥114.243
AUD: Up (+0.08%), $1.0290
Bitcoin (BTC/CAD): Down (‑2.06%), 90,500.0
(Conversion to C$1)
Commodities
Copper: Up (+1.04%), 6.08814
Gold: Up (+0.69%), 5,220.79
WTI: Up (+2.67%), 67.20
Natural Gas: Up (+0.81%), 2.847
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