Nvidia posts record revenue and strong guidance while Salesforce rallies on AI growth. Oil rises, Bitcoin gains and trade tensions escalate.
Nvidia posts record revenue and strong guidance while Salesforce rallies on AI growth. Oil rises, Bitcoin gains and trade tensions escalate.

Markets are mixed this morning as investors digest blockbuster earnings from Nvidia and Salesforce while keeping an eye on escalating Canada-U.S. trade tensions. The TSX is down 0.08%, while the TSX Venture Index is up 0.10%, reflecting continued strength in speculative growth names despite weakness in the broader Canadian market.

In the U.S., the Dow is down 0.28% and the Nasdaq is off 0.21%, though technology sentiment has improved significantly following Nvidia’s record results and bullish outlook. Added context suggests Nvidia’s guidance has helped reignite enthusiasm for the AI sector, while investors continue watching trade developments after Saskatchewan imposed a 50% tariff on U.S. alcohol products. Oil and natural gas are both higher, while Bitcoin remains above C$109,000, extending its strong run.

Market numbers

TSX: Down (‑0.08%) 36,785.26

TSXV: Up (+0.10%) 1,003.73

DOW: Down (‑0.28%) 53,515.0

NASDAQ: Down (‑0.21%) 29,475.0

FTSE 100: Down (‑0.47%) 10,795.51

In the headlines

  • Nvidia delivers record revenue and bold guidance: Nvidia (TSX:NVDA) surged after reporting record quarterly revenue and issuing unusually strong guidance. The company expects robust growth through 2028, reinforcing its position as the leading provider of AI infrastructure and prompting some analysts to describe it as the “central bank of AI.”
  • Salesforce rallies as AI becomes a growth driver (CRM): Salesforce (TSX:CRM) jumped after demonstrating that artificial intelligence is becoming a meaningful contributor to revenue growth. Investors are increasingly rewarding software companies successfully monetizing AI capabilities across their platforms.
  • Trade tensions escalate in Canada: Saskatchewan imposed a 50% tariff on U.S. alcohol products following recent U.S. tariff actions against Canadian goods, underscoring the growing strain in the Canada-U.S. trade relationship.

Currencies

USD: Up (+0.08%) $0.7209

GBP: Up (+0.09%) $0.5302

EUR: Up (+0.09%) $0.61901

JPY: Up (+0.15%) ¥114.986

AUD: Down (‑0.13%) $1.0026

Bitcoin (BTC/CAD): Up (+0.30%) 109,850.0

(Conversion to C$1)

Commodities

Copper: Down (‑0.47%) 6.66434

Gold: Down (‑0.48%) 4,572.82

WTI: Up (+1.00%) 82.15

Natural Gas: Up (+1.20%) 2.957

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