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 Energy – Cenovus 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 deal – AMD (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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