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Market Open: TSX Extends Gains as PayPal Surges and IBM Gets Hit by AI Shift | July 15th

Economy, Finance, Market News, Market Summary
15 July 2026 10:20 (EDT)
TSX rises as PayPal jumps on takeover speculation. IBM tumbles on AI concerns, Lucid slides, oil climbs near $80, and Bitcoin stays flat.

TSX rises as PayPal jumps on takeover speculation. IBM tumbles on AI concerns, Lucid slides, oil climbs near $80, and Bitcoin stays flat.

Markets are generally holding higher as investors continue to favor large-cap technology and growth stocks despite mixed earnings reactions. Canadian equities are advancing modestly, with the TSX and TSX Venture Index both in positive territory. In the United States, the Dow is higher while the Nasdaq is essentially flat after a strong rally led by technology and AI-related names. Investors are also closely watching the Bank of Canada’s latest rate decision and a fresh wave of corporate earnings.

Commodity markets remain active as geopolitical tensions in the Middle East support energy prices. Oil is hovering near the $80 mark after climbing to its highest level in more than a month, while copper continues to benefit from industrial demand optimism. Gold is little changed after a volatile inflation-driven rally, and Bitcoin is largely flat as traders wait for a clearer catalyst.

Market numbers

TSX: Up (+0.27%) 35,415.31

TSXV: Up (+0.16%) 893.17

DOW: Up (+0.18%) 52,652.0

NASDAQ: Down (‑0.03%) 29,566.7

FTSE 100: Up (+0.31%) 10,506.36

In the headlines

Currencies

USD: Flat (0.00%) $0.7107

GBP: Down (‑0.36%) $0.5288

EUR: Down (‑0.09%) $0.62220

JPY: Down (‑0.04%) ¥115.374

AUD: Down (‑0.25%) $1.0167

Bitcoin (BTC/CAD): Down (‑0.06%) 91,314.3

(Conversion to C$1)

Commodities

Copper: Up (+0.47%) 6.41984

Gold: Up (+0.10%) 4,056.97

WTI: Up (+2.40%) 79.80

Natural Gas: Down (‑1.03%) 2.884

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