Canadian and U.S. markets are under pressure today as investors pull back from record territory amid renewed inflation concerns and geopolitical uncertainty. The TSX is sliding sharply, while U.S. equities are also lower as technology stocks retreat following a strong run. Currency markets are volatile after surprise Japanese growth data, while energy prices are rebounding, adding to inflation anxiety.
Commodities are sending mixed signals. Oil is pushing higher again as Middle East risks persist, while gold is falling as traders reassess inflation expectations. Copper is weakening on global growth concerns, natural gas is surging, and Bitcoin is holding slightly higher in Canadian‑dollar terms despite slipping below key technical levels in U.S. trading.
Market numbers
TSX: Down (‑1.27%), 33,833.35
TSXV: Down (‑2.59%), 988.83
DOW: Down (‑0.67%), 49,329.3
NASDAQ: Down (‑0.42%), 28,938.3
FTSE 100: Down (‑0.13%), 10,336.49
In the headlines
- Tesla slides after Musk loses massive court battle: Tesla (TSX:TSLA) — the electric‑vehicle and clean‑energy company led by Elon Musk — fell after Musk lost a high‑profile court fight involving roughly $134 billion in claims. The ruling adds legal and reputational pressure at a time when investors are already closely watching Tesla’s margins and growth trajectory.
- Alphabet closes in on $5 trillion valuation: Alphabet (TSX:GOOG) — the parent company of Google — continues its powerful rally, pushing toward a $5‑trillion market capitalization after gaining roughly 50% month‑to‑date. Investors are rewarding strong advertising momentum, AI leadership, and rising cloud profitability.
Currencies
USD: Down (‑0.17%), $0.7260
GBP: Up (+0.09%), $0.5419
EUR: Up (+0.23%), $0.62585
JPY: Down (‑0.02%), ¥115.603
AUD: Up (+0.71%), $1.0216
Bitcoin (BTC/CAD): Up (+0.09%), 105,849.7
(Conversion to C$1)
Commodities
Copper: Down (‑2.00%), 6.22744
Gold: Down (‑1.83%), 4,482.77
WTI: Up (+2.43%), 99.00
Natural Gas: Up (+7.01%), 3.236
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