Markets are mixed today as Canadian equities push higher while U.S. technology stocks soften. The TSX is up 0.68%, while the TSX Venture Index is surging 3.03%, showing strong Canadian risk appetite despite renewed trade and geopolitical concerns. In the U.S., the Dow is down 0.18% and the Nasdaq is lower by 0.29%, as investors digest a busy AI news cycle, upcoming inflation data, and uncertainty around Middle East peace talks.
Commodities are also mixed. Oil is lower on the market board even as headlines point to renewed tension around the Strait of Hormuz, while gold is slightly lower after recent volatility. Copper is higher, supported by strength in chip and industrial demand, and natural gas is up more than 2%. Bitcoin is slightly lower in Canadian-dollar terms, even as crypto-linked headlines remain active following Strategy’s move to raise cash.
Market numbers
TSX: Up (+0.68%) 36,381.23
TSXV: Up (+3.03%) 954.90
DOW: Down (‑0.18%) 53,929.4
NASDAQ: Down (‑0.29%) 29,646.5
FTSE 100: Down (‑0.29%) 10,855.04
In the headlines
- Chip equipment stocks rise after TSMC revenue surge: Taiwan Semiconductor Manufacturing Company (NYSE:TSM) — the world’s leading advanced chipmaker — helped lift chip equipment stocks after revenue surged 45%. The company is also teaming with Sony (NYSE:SONY) to invest billions in an advanced chip sensor plant, reinforcing long-term demand for next-generation semiconductor capacity.
- Meta launches new open-weight AI model: Meta Platforms (TSX:META) — the social media, advertising, and AI company behind Facebook, Instagram, WhatsApp, and Threads — launched a new AI model as Mark Zuckerberg continues to champion an open-weight approach. The move highlights Meta’s push to compete aggressively in generative AI while keeping developer adoption central to its strategy.
- Strategy sells more Bitcoin to bolster cash: Strategy (NDAQ:MSTR) — the Bitcoin-heavy software and investment company formerly known as MicroStrategy — sold more Bitcoin and stock to strengthen its cash position. The move comes as investors continue to reassess crypto exposure, balance-sheet risk, and liquidity after a volatile stretch for digital assets.
Currencies
USD: Down (‑0.13%) $0.7161
GBP: Down (‑0.23%) $0.5302
EUR: Down (‑0.04%) $0.62047
JPY: Up (+0.63%) ¥113.918
AUD: Up (+0.04%) $1.0150
Bitcoin (BTC/CAD): Down (‑0.24%) 90,306.4
(Conversion to C$1)
Commodities
Copper: Up (+0.40%) 6.67562
Gold: Down (‑0.08%) 4,338.47
WTI: Down (‑0.98%) 76.10
Natural Gas: Up (+2.23%) 2.794
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