Despite stumbling out the gate, Canada’s benchmark stock index finished higher on Thursday as strength in precious metals and easing Treasury yields outweighed worries about a growing pullback in AI-driven stocks. Investors around the world continued to trim exposure to data centre and artificial intelligence companies as elevated interest rates prompted a reassessment of valuations.
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South of the border, the Dow Jones ended higher, while the tech-heavy NASDAQ flatlined after Anthropic’s (ARCA:ANTW) latest revenue figures sparked renewed concerns about the AI sector. Helping to steady sentiment, chipmaker Taiwan Semiconductor Manufacturing (NYSE:TSM) reported better-than-expected earnings.
| TSX | 36,137.10 | +552.64 |  |
| TSXV | 846.38 | +16.05 | |
| CSE | 143.01 | +1.17 | |
| DJIA | 52,177.69 | +556.21 | |
| NASDAQ | 26,713.03 | +20.16 | |
| S&P 500 | 7,744.06 | +25.12 | |
The Canadian dollar traded for 70.45 cents US compared to 70.22 cents US on Wednesday.
US crude futures traded US$2.85 higher at US$97.93 a barrel, but the Brent contract lost $0.18 to US$105.90 a barrel.
The price of gold was up US$68.02 to US$4,154.91.
In world markets, the Nikkei was down 3,318.34 points to ¥64,425.95, the Hang Seng was down 251.45 points to HK$24,062.72, the FTSE was up 115.49 points to ₤10,840.35, and the DAX was up 69.43 points to €25,368.04.