TSX slips as Meta reaches a $17B settlement, AMD climbs on AI optimism, Dick's Sporting Goods tumbles, and Bitcoin holds above C$108K.
TSX slips as Meta reaches a $17B settlement, AMD climbs on AI optimism, Dick’s Sporting Goods tumbles, and Bitcoin holds above C$108K.

Markets are under pressure as investors reassess risk following a strong rally, with North American indices pulling back despite continued resilience in key sectors. The TSX is lower, along with the TSX Venture Index, as weakness spreads across both large‑cap and small‑cap names. In the U.S., the Dow is also down, while the Nasdaq is nearly flat, reflecting a pause in momentum after recent highs. European markets are also in decline, underscoring a broader shift toward caution.

The macro backdrop is being shaped by currency strength and geopolitical uncertainty. The U.S. dollar is pushing to new highs, weighing on global risk assets, while oil prices are stabilizing after recent declines. Gold is under pressure following a notable selloff, while copper is also easing. Natural gas is one of the few bright spots among commodities, and Bitcoin is essentially flat in Canadian‑dollar terms, showing limited conviction from crypto investors.

Market numbers

TSX: Down (‑0.44%) 34,969.26

TSXV: Down (‑0.44%) 962.89

DOW: Down (‑0.24%) 51,511.0

NASDAQ: Down (‑0.03%) 30,329.0

FTSE 100: Down (‑0.34%) 10,371.80

In the headlines

  • SpaceX gives back gains as volatility rises: SpaceX (NDAQ:SPCX) — the high‑flying aerospace and AI infrastructure company — has pulled back sharply, giving up about 18% from its recent high. The move highlights rising volatility as investors reassess valuations following an explosive IPO‑driven rally.
  • Hyundai moves to fully own Boston Dynamics: Hyundai (PINL:HYMLF) is reportedly acquiring SoftBank’s remaining stake in Boston Dynamics for roughly $325 million. The move strengthens Hyundai’s position in robotics and automation, a key long‑term growth area.

Currencies

USD: Down (‑0.27%) $0.7054

GBP: Down (‑0.37%) $0.5332

EUR: Down (‑0.26%) $0.61577

JPY: Down (‑0.30%) ¥113.834

AUD: Down (‑0.25%) $1.0058

Bitcoin (BTC/CAD): Up (+0.01%) 88,988.0

(Conversion to C$1)

Commodities

Copper: Down (‑0.34%) 6.41019

Gold: Down (‑1.04%) 4,165.43

WTI: Up (+0.80%) 76.05

Natural Gas: Up (+0.71%) 3.284

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