Markets are trading cautiously as investors wait on the next major catalyst from the technology sector, with Nvidia earnings firmly in the spotlight. The TSX is modestly higher, supported by strength in energy and infrastructure‑linked names, while U.S. markets are also edging up after several sessions of consolidation. The Nasdaq is leading gains as traders position ahead of key chip earnings, even as broader sentiment remains fragile.
Commodities are mixed. Oil prices are easing after recent strength, while gold is stabilizing near recent lows as macro headwinds continue to weigh on safe‑haven demand. Copper is firm on infrastructure optimism, natural gas is weaker, and Bitcoin is higher in Canadian‑dollar terms as crypto tracks broader risk appetite.
Market numbers
TSX: Up (+0.23%), 33,817.88
TSXV: Up (+0.46%), 961.69
DOW: Up (+0.14%), 49,423.3
NASDAQ: Up (+0.89%), 29,075.1
FTSE 100: Up (+0.78%), 10,370.28
In the headlines
- Nvidia earnings loom as competition intensifies: Nvidia (TSX:NVDA) — the dominant AI and data‑centre chipmaker — is set to report first‑quarter earnings, with investors watching closely for signs of sustained demand amid rising competition from rivals. The results are expected to shape near‑term sentiment across the entire semiconductor sector.
- Activist group targets Target board: An investor group is urging Target (NYSE:TGT) shareholders to vote out key board leaders, citing concerns around strategy and performance. The move highlights growing shareholder activism as retailers navigate shifting consumer demand and margin pressure.
- Keyera, AltaGas and CN move ahead with rail terminal: Keyera (TSX:KEY), AltaGas (TSX:ALA), and Canadian National Railway (TSX:CNR) are proceeding with a new rail terminal project, aimed at improving energy‑product transportation and export capacity. The project underscores continued investment in Canadian energy infrastructure despite market volatility.
Currencies
USD: Down (‑0.11%), $0.7263
GBP: Down (‑0.15%), $0.5417
EUR: Down (‑0.04%), $0.62663
JPY: Down (‑0.15%), ¥115.572
AUD: Down (‑0.40%), $1.0189
Bitcoin (BTC/CAD): Up (+0.75%), 106,340.4
(Conversion to C$1)
Commodities
Copper: Up (+1.45%), 6.30482
Gold: Up (+0.22%), 4,491.90
WTI: Down (‑1.90%), 97.22
Natural Gas: Down (‑1.10%), 3.240
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