TSX edges higher as oil surges over 6%. JPMorgan reiterates a bearish call on Tesla, Toys “R” Us Canada fights trademark battles, Bitcoin and gas move higher.
TSX edges higher as oil surges over 6%. JPMorgan reiterates a bearish call on Tesla, Toys “R” Us Canada fights trademark battles, Bitcoin and gas move higher.

The TSX is up 0.46%, while the TSX Venture Index is higher by 0.30%, as Canadian markets edge up amid cautious optimism around a possible Iran ceasefire and stabilizing global risk sentiment. U.S. markets are also modestly higher, with the Dow up 0.20% and the Nasdaq gaining 0.92%, as investors balance geopolitical uncertainty with improving risk appetite. London’s FTSE 100 is also moving higher, up 0.31%, reflecting a steady tone across European equities.

Commodities are sending mixed signals. Oil is surging sharply, up more than 6%, as traders remain focused on Middle East supply risks despite ceasefire speculation. Gold is nearly flat, inching lower as investors await more clarity on Iran and upcoming U.S. inflation data. Copper is weaker on growth concerns, while natural gas is higher. Bitcoin is moving up modestly, gaining just over 0.1% in Canadian‑dollar terms as crypto traders remain engaged amid heightened macro uncertainty.

Market numbers

TSX: Up (+0.46%), 33,108.22

TSXV: Up (+0.30%), 977.43

DOW: Up (+0.20%), 46,512.4

NASDAQ: Up (+0.92%), 24,128.1

FTSE 100: Up (+0.31%), 10,451.94

In the headlines

  • JPMorgan reiterates bearish call on Tesla: Tesla (TSX:TSLA), the electric‑vehicle and clean‑energy manufacturer led by Elon Musk, remains under pressure after JPMorgan reiterated a sharply bearish outlook. The bank warned of a potential 60% downside, citing delivery misses, rising unsold inventory, and heavy capital‑expenditure plans that could significantly pressure free cash flow into 2026.
  • Toys “R” Us Canada defends its trademarks: Toys “R” Us Canada, the iconic toy retailer, is engaged in multiple legal battles to protect its trademarks against challenges from a tech company, a Calgary nightclub, and a Russian business. The company argues the disputed names and symbols could create brand confusion as it works to preserve its identity during a difficult retail period.

Currencies

USD: Up (+0.29%), $0.7191

GBP: Down (‑0.18%), $0.5425

EUR: Down (‑0.05%), $0.62226

JPY: Up (+0.19%), ¥114.674

AUD: Down (‑0.22%), $1.0377

Bitcoin (BTC/CAD): Up (+0.12%), 96,448.6

(Conversion to C$1)

Commodities

Copper: Down (‑1.10%), 556.84

Gold: Down (‑0.02%), 4,675.13

WTI: Up (+6.06%), 97.15

Natural Gas: Up (+1.10%), 2.851

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