Markets surge after the S&P 500’s first close above 7,200. Reddit jumps on earnings, Apple beats estimates, Bombardier rallies, Bitcoin surges and oil pulls back.
Markets surge after the S&P 500’s first close above 7,200. Reddit jumps on earnings, Apple beats estimates, Bombardier rallies, Bitcoin surges and oil pulls back.

The TSX is surging after a blockbuster month for equities, rising sharply as investors push risk appetite to new highs following the S&P 500’s first‑ever close above 7,200. U.S. markets are extending one of their strongest runs since 2020, supported by easing war fears, improving economic data, and powerful earnings from technology and industrial names. Currency markets remain volatile after a massive yen swing, while commodities are cooling after recent spikes.

Bitcoin is back in focus, jumping more than 2% in Canadian‑dollar terms as crypto participates in the global risk‑on trade. Oil is pulling back after touching multi‑year highs, gold is under pressure as investors rotate into equities, and copper is slightly weaker amid shifting growth expectations.

Market numbers

TSX: Up (+1.94%), 33,964.33

TSXV: Up (+1.26%), 994.87

DOW: Up (+0.07%), 49,790.4

NASDAQ: Up (+0.38%), 27,554.9

FTSE 100: Down (‑0.43%), 10,308.68

In the headlines

  • Reddit shares soar after blowout quarter: Reddit (NYSE:RDDT) — the social‑media platform built around user‑generated communities — surged after easily beating quarterly expectations, with revenue nearly doubling year over year. Investors pointed to accelerating advertising demand and improving monetization as key drivers.
  • Apple climbs on strong revenue and leadership transition: Apple (TSX:AAPL) — the world’s largest consumer‑technology company — rose after topping earnings estimates and posting continued iPhone momentum during Tim Cook’s 89th quarter as CEO. Incoming CEO John Ternus made his first public comments, signaling continuity in Apple’s product and AI strategy.
  • Bombardier rockets on cash flow and guidance upgrade: Bombardier (TSX:BBD.A) — the Canadian business‑jet manufacturer — surged after reporting stronger free cash flow and raising guidance. The company said demand remains robust across its Global and Challenger aircraft programs.

Currencies

USD: Up (+0.22%), $0.7373

GBP: Up (+0.11%), $0.5411

EUR: Down (‑0.01%), $0.62763

JPY: Up (+0.20%), ¥115.572

AUD: Up (+0.15%), $1.0234

Bitcoin (BTC/CAD): Up (+2.30%), 106,047.0

(Conversion to C$1)

Commodities

Copper: Down (‑0.94%), 5.97354

Gold: Down (‑0.62%), 4,593.33

WTI Crude Oil: Down (‑2.01%), 105.00

Natural Gas: Down (‑0.04%), 2.783

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