The TSX is down 0.69%, while the TSX Venture Index is off 2.40%, as Canadian markets retreat amid pressure from higher energy prices and renewed uncertainty around global growth and interest‑rate expectations. U.S. markets are also lower, with the Dow down 0.44% and the Nasdaq slipping 0.15%, as chip stocks sell off despite continued enthusiasm around artificial intelligence. In Europe, the FTSE 100 is under pressure, down 0.83%, reflecting cautious sentiment across global equities.
Commodities are driving much of the macro narrative. Oil prices are surging sharply, up just over 5%, as supply risks intensify despite shifting dynamics within OPEC+. Gold is sliding more than 1.6% as higher yields and central‑bank caution weigh on precious metals. Copper is modestly lower, natural gas is flat, and Bitcoin is higher in Canadian‑dollar terms, up just over 0.5%, as crypto continues to attract speculative interest.
Market numbers
TSX: Down (‑0.69%), 33,584.34
TSXV: Down (‑2.40%), 995.76
DOW: Down (‑0.44%), 48,980.4
NASDAQ: Down (‑0.15%), 27,049.4
FTSE 100: Down (‑0.83%), 10,221.92
In the headlines
- Starbucks jumps on earnings beat and outlook boost: Starbucks (TSX:SBUX), the global coffee‑house chain, surged after reporting stronger‑than‑expected earnings and raising its full‑year outlook. Investors welcomed signs of stabilizing demand and improving margins despite ongoing cost pressures.
- UBS profits surge on trading strength: UBS (NYSE:UBS), the Swiss banking giant, reported an 80% jump in profits to roughly $3 billion, driven by robust trading activity. The results highlight continued volatility and strong client engagement across global markets.
Currencies
USD: Down (‑0.10%), $0.7300
GBP: Up (+0.09%), $0.5410
EUR: Up (+0.16%), $0.62487
JPY: Up (+0.25%), ¥116.944
AUD: Up (+0.45%), $1.0223
Bitcoin (BTC/CAD): Up (+0.53%), 104,979.3
(Conversion to C$1)
Commodities
Copper: Down (‑0.52%), 5.94654
Gold: Down (‑1.68%), 4,519.76
WTI: Up (+5.01%), 104.44
Natural Gas: Flat (0.00%), 2.669
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