The TSX opened slightly higher Wednesday morning, up 0.31%, as energy and mining stocks helped offset weakness in tech.
South of the border, the Dow Jones hit a new record, climbing 1.18%, while the Nasdaq slipped 0.31% as investors rotated out of tech following news that SoftBank sold its entire US$5.8 billion stake in Nvidia.
In commodities, gold rose 0.12% to US$4,131.81, while copper gained 1.43%, and WTI slid sharply—down 2.47% to US$59.62 per barrel amid concerns over rising U.S. supply.
In corporate news, Loblaw (TSX:L) posted another strong quarter, reporting higher profit and revenue year-over-year, supported by continued demand in both grocery and pharmacy segments.
Market numbers
TSX: Up (0.31%), 30,409.25
TSXV: Up (0.18%), 893.62
DOW: Up (1.18%), 47,927.97
NASDAQ: Down (0.31%), 25,533.49
FTSE: Up (1.15%), 9,909.50
In the headlines
- SoftBank exits Nvidia – SoftBank (PINL:SFTBF) shares fell 10% after reports that the tech investor sold its entire US$5.8 billion stake in Nvidia (NDAQ:NVDA), a move that shook confidence across AI-related equities. The decision follows a strong run in chip stocks driven by AI optimism earlier this year.
- Loblaw profit rises – Loblaw Companies Ltd (TSX:L) reported higher Q3 profit and revenue compared to last year, driven by steady grocery sales and strong pharmacy demand. The company continues to benefit from price-conscious consumers and private-label growth.
Currencies
USD: Flat (0.00%), $0.7129
GBP: Up (0.46%), $0.5445
EUR: Up (0.15%), $0.6165
JPY: Up (0.54%), ¥110.53
Bitcoin: Down (0.56%), US$104,924.56
(Conversion to C$1)
Commodities
Copper: Up (1.43%), 5.1934
Gold: Up (0.12%), 4,131.81
WTI: Down (2.47%), 59.62
Natural Gas: Up (0.58%), 4.55
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