The TSX is down 0.12%, while the TSX Venture is up 0.81%, as Canadian markets struggle for direction amid a sharp global selloff in financials and renewed weakness in software and AI‑exposed names. U.S. markets opened mixed, with the S&P 500 down 0.35% and the Nasdaq down 0.29%, while the Dow climbed 0.28% after sinking 800 points the previous session. Traders remain focused on inflation data, Nvidia’s upcoming earnings, and Meta’s newly announced 6‑gigawatt GPU partnership with AMD.
Commodities offered little relief. Gold dropped nearly 2% as investors rotated into cash ahead of key macro catalysts, while oil rose modestly on geopolitical tension. Copper climbed more than 1%, though natural gas slumped to start the session. Bitcoin extended its slide, falling another 2.48% as tariff fears sent risk assets broadly lower. Canadian trade news also played in: Ottawa confirmed new talks with India as export flows continue to shift.
Market numbers
TSX: Down (‑0.12%), 33,776.50
TSXV: Up (+0.81%), 1,051.02
DOW: Up (+0.28%), 48,980.1
NASDAQ: Down (‑0.29%), 24,664.5
FTSE 100: Up (+0.01%), 10,688.15
In the headlines
- Scotiabank Q1 profit more than doubles: Scotiabank (TSX:BNS) — one of Canada’s Big Five banks with major operations across the Americas — reported first‑quarter profit of $2.3 billion, up sharply from $993 million a year ago. The bank cited stronger interest income and improved credit performance across key markets.
- Whitecap delivers higher Q4 profit: Whitecap Resources (TSX:WCP) — a major Canadian oil and natural‑gas producer concentrated in Western Canada — posted fourth‑quarter profit of $307.2 million, up from $233.8 million last year. Results were supported by stable production, efficient operations, and favourable crude pricing.
Currencies
USD: Down (‑0.19%), $0.7283
GBP: Down (‑0.17%), $0.5398
EUR: Down (‑0.12%), $0.61877
JPY: Up (+0.63%), ¥113.637
AUD: Up (+0.15%), $1.0358
Bitcoin (BTC/CAD): Down (‑2.48%), 86,417.0
(Conversion to C$1)
Commodities
Copper: Up (+1.36%), 5.93487
Gold: Down (‑1.95%), 5,125.70
WTI: Up (+0.87%), 67.00
Natural Gas: Down (‑1.61%), 2.873
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