Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened sharply lower this morning, down 1.4%, as weakness in energy and materials dragged the index into the red. Falling oil prices weighed heavily on sentiment, with WTI down more than 2% at US$58 a barrel, while copper slipped over 3%.

In the U.S., markets moved higher as strong bank earnings boosted investor confidence. The Dow Jones climbed 1.3% and the Nasdaq gained 2.2%, led by financials and technology. Goldman Sachs shares jumped after reporting a sharp profit increase, driven by renewed dealmaking activity.

Market numbers

TSX: Down (1.38%) – 29,850.89

TSXV: Down (1.04%) – 892.00

DOW: Up (1.29%) – 46,067.59

NASDAQ: Up (2.18%) – 24,750.25

FTSE: Up (0.21%) – 9,463.50

In the headlines

  • Cenovus Energy acquires stake in MEG EnergyCenovus Energy (TSX:CVE) has acquired an 8.5% stake in MEG Energy (TSX:MEG), deepening its exposure to Alberta’s oil sands despite a recent pullback in crude prices. The investment comes as Canadian producers face renewed challenges amid global supply shifts and weakening demand forecasts.
  • AMD and Oracle sign major GPU dealAMD (NASDAQ:AMD) and Oracle (NYSE:ORCL) announced a new partnership involving 50,000 GPUs, marking one of the largest hardware deals in the AI infrastructure race. The agreement underscores growing demand for high-performance computing power as AI-driven workloads accelerate.

Currencies

USD: Down (0.28%) – 0.7103

GBP: Up (0.13%) – 0.5347

EUR: Up (0.38%) – 0.6143

JPY: Down (0.41%) – 108.05

Bitcoin: Down (4.03%) – US$110,631.89

(Conversion to C$1)

Commodities

WTI: Down (2.09%) – 58.40

Gold: Up (0.04%) – 4,108.48

Copper: Down (3.13%) – 5.00

Natural Gas: Down (2.14%) – 3.02

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