Westons agreed to buy Boots for US$8.9 billion as stocks fell from records and the 10-year Treasury yield hit a 2002 high.
year Treasury yield hit a 2002 high.
Westons agreed to buy Boots for US$8.9 billion as stocks fell from records and the 10-year Treasury yield hit a 2002 high.

Markets are under pressure as renewed geopolitical tensions and weakness in technology stocks weigh on sentiment. Canadian equities are lower, with the TSX declining as energy and industrial gains fail to offset broader weakness. The TSX Venture Index is also down, reflecting continued caution in growth‑oriented names. In the U.S., the Dow has pulled back after recent highs while the Nasdaq remains flat to slightly negative, signaling ongoing hesitation among tech investors.

The macro backdrop is shifting again. Oil prices are surging following the end of a ceasefire, adding upward pressure to inflation expectations. Meanwhile, gold is falling sharply, reflecting reduced demand for safe‑haven assets in the short term. Copper is also lower, pointing to softer industrial sentiment, while natural gas remains relatively stable. Bitcoin is under significant pressure, continuing its recent decline amid broader volatility across risk assets.

Market numbers

TSX: Down (‑0.75%) 35,007.90

TSXV: Down (‑0.88%) 885.27

DOW: Down (‑0.82%) 52,463.0

NASDAQ: Down (‑0.04%) 29,142.4

FTSE 100: Down (‑1.11%) 10,533.69

In the headlines

  • SpaceX drops in Nasdaq 100 debut: SpaceX (NDAQ:SPCX) — the high‑profile aerospace and satellite company — fell about 7% during its Nasdaq 100 debut, erasing much of its earlier gains and falling back near its IPO price. The move highlights rising volatility in newly listed, high‑growth names.
  • Canada backs Teck with strategic investment: The Canadian government has agreed to a potential C$400‑million investment in Teck Resources (TSX:TECK.A) to support strategic metals production. The deal underscores growing emphasis on securing critical minerals supply chains.

Currencies

USD: Up (+0.20%) $0.7052

GBP: Up (+0.09%) $0.5273

EUR: Up (+0.21%) $0.61841

JPY: Up (+0.45%) ¥114.688

AUD: Up (+0.18%) $1.0185

Bitcoin (BTC/CAD): Down (‑2.43%) 87,796.0

(Conversion to C$1)

Commodities

Copper: Down (‑1.31%) 6.11432

Gold: Down (‑0.77%) 4,074.28

WTI: Up (+2.43%) 73.75

Natural Gas: Down (‑0.21%) 3.271

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 Space X and Teck on July 8th, 2026, on Stockhouse’s stock forums and message boards.


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