The TSX is sharply lower, down 1.61%, while the TSX Venture Index is off 3.94%, as Canadian equities sell off amid renewed uncertainty around U.S.–Iran ceasefire talks and a fresh spike in oil prices. U.S. markets are mixed: the Dow is up 0.43% and the Nasdaq is higher by 0.48%, as investors weigh war headlines against resilience in large‑cap tech. London’s FTSE 100 is firmer, up 0.60%, supported by energy stocks and a weaker U.S. dollar.
Energy and macro risk dominate sentiment. Oil is surging more than 5%, pushing back above the $90 level as threats around the Strait of Hormuz return to the foreground. Gold is rebounding modestly, while copper is also higher on inflation‑hedge demand. Natural gas is climbing, and Bitcoin is rallying sharply in Canadian‑dollar terms, up nearly 3%, as traders chase momentum amid ceasefire extensions and currency volatility.
Market numbers
TSX: Down (‑1.61%), 33,808.30
TSXV: Down (‑3.94%), 1,022.61
DOW: Up (+0.43%), 49,499.7
NASDAQ: Up (+0.48%), 26,720.4
FTSE 100: Up (+0.60%), 10,498.46
In the headlines
- T‑Mobile and Deutsche Telekom explore mega‑merger: T‑Mobile (NDAQ:TMUS) and Deutsche Telekom (OTCQX:DTEGF) — two of the world’s largest telecom operators — are reportedly considering a merger that would create the largest telecommunications group globally. The talks highlight growing consolidation pressure as carriers race to fund 5G, satellite, and AI‑driven network upgrades.
- RBC among banks losing U.S. muni‑bond appeal: Royal Bank of Canada (TSX:RY) — the country’s largest bank — was among a group of financial institutions that lost an appeal in a long‑running U.S. municipal bond lawsuit. The ruling keeps legal and financial exposure in place for banks tied to historical bond‑market practices.
Currencies
USD: Down (‑0.01%), $0.7318
GBP: Down (‑0.06%), $0.5417
EUR: Up (+0.06%), $0.62370
JPY: Down (‑0.12%), ¥116.546
AUD: Down (‑0.07%), $1.0226
Bitcoin (BTC/CAD): Up (+2.87%), 107,358.0
(Conversion to C$1)
Commodities
Copper: Up (+0.64%), 6.11026
Gold: Up (+0.58%), 4,747.68
WTI Crude: Up (+5.09%), 91.34
Natural Gas: Up (+0.99%), 2.741
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