Markets are mixed this morning as investors digest a stronger-than-expected U.S. jobs report showing 162,000 new jobs and unemployment holding at 4.1%, which has revived talk of a possible rate hike. The TSX is down 0.33% to 36,512.78, and the TSX Venture Index is down 1.01% to 962.16. The Dow is off a modest 0.13% and the FTSE 100 is down 0.10%, while the Nasdaq bucks the trend, up 0.44% as tech strength continues to test the rally ahead of the payrolls data.
Oil is sliding 1.87% even as record-high U.S. diesel prices push up transportation costs across the economy, while gold is down 0.93% and Bitcoin has pulled back 1.63% to just above C$110,000. The Canadian dollar is softer against the U.S. dollar, pound, euro, and yen, and Canada’s trade surplus narrowed to $769 million on weaker gold exports. Closer to home, Montreal home sales fell 13% in August as the market continues to rebalance.
Market numbers
TSX: Down (-0.33%) 36,512.78
TSXV: Down (-1.01%) 962.16
DOW: Down (-0.13%) 53,578.9
NASDAQ: Up (+0.44%) 29,591.4
FTSE 100: Down (-0.10%) 10,823.43
In the headlines
- Nvidia deepens AI dominance with $13B Hugging Face acquisition: Nvidia (NASDAQ:NVDA), the semiconductor and AI computing giant, agreed to acquire open-source AI platform Hugging Face for $13 billion in a move to strengthen its position across the AI development ecosystem. The deal underscores Nvidia’s push beyond hardware into the software and open-source tooling underpinning next-generation AI models.
- Tesla rallies as Cybercab robotaxi service launches: Tesla (NASDAQ:TSLA), the electric vehicle and clean energy company, saw shares climb after officially launching its Cybercab autonomous ride service, even as regulators signal closer scrutiny of the technology. Investors are weighing the commercial promise of robotaxis against the regulatory hurdles still ahead.
Currencies
USD: Down (-0.35%) $0.7218
GBP: Down (-0.35%) $0.5336
EUR: Down (-0.34%) $0.62153
JPY: Down (-0.50%) ¥112.407
AUD: Down (-0.46%) $1.0017
Bitcoin (BTC/CAD): Down (-1.63%) 110,242.0
(Conversion to C$1)
Commodities
Copper: Up (+0.11%) 6.68313
Gold: Down (-0.93%) 4,431.57
WTI: Down (-1.87%) 89.00
Natural Gas: Up (+0.99%) 2.949
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