Markets are broadly higher this morning as investors look ahead to a key jobs report. The TSX is up 0.74% to 36,091.61, led higher by strength in basic materials, while the TSX Venture Index is gaining 0.61% to 962.50. In the U.S., the Dow is up 0.65% and the Nasdaq is up 0.23%, with S&P 500 futures also firmer and bond yields retreating ahead of the data. London’s FTSE 100 is leading the pack, up 0.86%.
Gold is surging 2.08% as fresh U.S. tariffs on Chinese drones and lingering trade tensions boost safe-haven demand, while copper is also higher and WTI crude and natural gas are both slightly softer. Bitcoin is up 1.25%, trading above C$108,000. On the currency front, the Loonie is firmer against the U.S. dollar, pound, and euro, while the yen has surged to a one-month high on Bank of Japan rate-hike bets. Canada also posted a $769-million merchandise trade surplus in July, even as exports declined.
Market numbers
TSX: Up (+0.74%) 36,091.61
TSXV: Up (+0.61%) 962.50
DOW: Up (+0.65%) 53,421.1
NASDAQ: Up (+0.23%) 29,200.3
FTSE 100: Up (+0.86%) 10,858.88
In the headlines
- Snowflake shares soar on AI-fueled beat and raised outlook: Snowflake (NYSE:SNOW), the cloud-based data platform company, jumped 23% after posting a strong Q2 revenue beat driven by surging AI-related demand and raising its forward guidance. The results reinforce investor appetite for companies benefiting from enterprise AI adoption.
- Air Canada expands global footprint as U.S. travel demand lags: Air Canada (TSX:AC), the country’s largest airline, announced plans for new international routes to drive growth even as demand on U.S.-bound travel remains soft. The move signals the carrier’s push to diversify beyond a sluggish American travel market.
Currencies
USD: Up (+0.30%) $0.7242
GBP: Up (+0.15%) $0.5360
EUR: Up (+0.03%) $0.62352
JPY: Down (-1.64%) ¥112.768
AUD: Down (-0.07%) $1.0064
Bitcoin (BTC/CAD): Up (+1.25%) 108,298.6
(Conversion to C$1)
Commodities
Copper: Up (+0.79%) 6.66249
Gold: Up (+2.08%) 4,479.90
WTI: Down (-0.22%) 90.40
Natural Gas: Down (-1.03%) 2.981
To stay up-to-date on all of your market news head to Stockhouse.com.
Join the discussion: Find out what everybody’s saying about Snowflake and Air Canada on September 3rd, 2026, on Stockhouse’s stock forums and message boards.