The TSX is edging higher this morning, while the TSX Venture Index is also advancing, as Canadian markets find support from strength in energy and select industrial names. U.S. markets are under pressure, with both the Dow and Nasdaq pulling back after recent record highs, as investors digest rising oil prices and fresh geopolitical uncertainty tied to U.S.–Iran tensions. In Europe, the FTSE 100 is lower, reflecting broader caution across global equities.
Energy and geopolitics are once again driving the macro narrative. Oil prices are surging back above the $100 level, stoking inflation concerns and weighing on risk sentiment. Gold is sliding as higher energy costs complicate the outlook for rates, while copper is modestly higher on infrastructure and electrification demand. Natural gas is under pressure, and Bitcoin is retreating in Canadian‑dollar terms after failing to hold recent highs.
Market numbers
TSX: Up (+0.18%), 34,138.88
TSXV: Up (+0.83%), 1,005.58
DOW: Down (‑0.75%), 49,342.9
NASDAQ: Down (‑0.58%), 29,164.4
FTSE 100: Down (‑0.20%), 10,217.79
In the headlines
- Tesla rallies on China diplomacy and Europe investment: Tesla (TSX:TSLA) — the electric‑vehicle and clean‑energy manufacturer — climbed after reports that former U.S. President Donald Trump invited Elon Musk to meet with China’s President Xi, raising hopes of easing geopolitical friction. Separately, Tesla announced plans to invest $250 million in a battery plant outside Berlin, reinforcing its long‑term commitment to European production.
- Ottawa sees long‑term case for owning Trans Mountain: Trans Mountain and its federal parent say there is a growing case for Ottawa to retain ownership of the pipeline indefinitely. Officials argue the asset plays a strategic role in Canada’s energy security and export capacity amid volatile global oil markets.
Currencies
USD: Down (‑0.31%), $0.7285
GBP: Up (+0.32%), $0.5387
EUR: Up (+0.10%), $0.62111
JPY: Down (‑0.04%), ¥114.902
AUD: Up (+0.05%), $1.0085
Bitcoin (BTC/CAD): Down (‑0.93%), 110,821.8
(Conversion to C$1)
Commodities
Copper: Up (+0.24%), 6.52032
Gold: Down (‑0.77%), 4,698.39
WTI: Up (+2.71%), 101.15
Natural Gas: Down (‑2.87%), 2.842
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