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Market Open: SpaceX Volatility Hits, TSX and Dow Pull Back Amid Strong Dollar | June 19th

Economy, Finance, Market News, Market Summary
19 June 2026 10:00 (EDT)
Markets fall as SpaceX drops 18% from highs. TSX and Dow slip, gold declines, oil firms, and the dollar strengthens across currencies.

Markets fall as SpaceX drops 18% from highs. TSX and Dow slip, gold declines, oil firms, and the dollar strengthens across currencies.

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

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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