Markets are mixed with a slight upward bias as strength in energy and industrials offsets weakness in technology. Canadian equities are leading higher, with the TSX and TSX Venture Index posting solid gains, while U.S. markets are split — the Dow is advancing, but the Nasdaq is pulling back after a strong recent run. The divergence reflects ongoing rotation out of high‑growth AI names into more defensive or cyclical sectors.
Commodities are playing a key role in shaping sentiment. Oil prices are surging, supported by ongoing Middle East supply risks, while copper is also pushing higher, signaling resilient industrial demand. Gold, however, is under pressure as traders reduce safe‑haven exposure, and natural gas is dropping sharply. Bitcoin is rebounding strongly in Canadian‑dollar terms, reflecting improved risk appetite in parts of the market.
Market numbers
TSX: Up (+0.76%) 35,200.45
TSXV: Up (+1.33%) 898.34
DOW: Up (+0.25%) 52,564.0
NASDAQ: Down (‑0.21%) 29,642.2
FTSE 100: Up (+0.30%) 10,486.11
In the headlines
- Volkswagen unveils restructuring plan: Volkswagen (PINL:VLKAF) — the German automaker — laid out a four‑year overhaul plan that could include up to 100,000 job cuts. However, the proposal lacks full backing, raising concerns about execution and stakeholder support.
- JPMorgan pushes ahead with AI portfolio tools: JPMorgan (TSX:JPM) — the global banking leader — has developed AI agents that reportedly outperform a traditional 60/40 portfolio in backtests, signaling how rapidly artificial intelligence is reshaping portfolio management.
Currencies
USD: Up (+0.13%) $0.7061
GBP: Up (+0.10%) $0.5262
EUR: Up (+0.13%) $0.61836
JPY: Down (‑0.29%) ¥114.301
AUD: Down (‑0.07%) $1.0158
Bitcoin (BTC/CAD): Up (+1.54%) 91,061.7
(Conversion to C$1)
Commodities
Copper: Up (+0.39%) 6.28796
Gold: Down (‑0.61%) 4,098.55
WTI: Up (+3.33%) 74.40
Natural Gas: Down (‑3.06%) 2.917
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