Market Open logo. (Source: Stockhouse. Edited with Google Gemini)

The TSX opened higher as rising oil prices and a rebound in gold supported resource-heavy stocks. Crude prices jumped more than 3% after Washington announced fresh sanctions on Russian energy, while gold extended gains following its sharp selloff earlier this week.

In corporate news, Tesla shares dipped after the company posted record revenue but a steep profit decline — with Elon Musk defending his controversial US$1 trillion compensation proposal. Meanwhile, EQB announced plans to cut 8% of its workforce as part of a broader restructuring strategy aimed at reducing costs.

Market numbers

TSX: Up (0.32%), 29,982.98

TSXV: Up (0.26%), 899.33

DOW: Down (0.71%), 46,590.42

NASDAQ: Down (0.99%), 24,879.00

FTSE: Up (0.95%), 9,540.50

In the headlines

  • Tesla shares fall on profit slumpTesla (NDAQ:TSLA) stock declined after the EV maker reported record quarterly revenue but a sharp drop in profits. CEO Elon Musk defended his US$1 trillion compensation pitch, calling it “aligned with shareholder success.”
  • EQB announces layoffs amid restructuringEQB (TSX:EQB) will cut about 8% of its workforce under a new restructuring plan designed to streamline operations and drive long-term efficiency. The move follows a broader slowdown in the Canadian financial sector.

Currencies

USD: Up (0.01%), $0.7143

GBP: Up (0.11%), $0.5353

EUR: Up (0.10%), $0.6158

JPY: Up (0.51%), ¥109.06

Bitcoin: Down (0.13%), US$109,020.11

(Conversion to C$1)

Commodities

Copper: Up (1.58%), 5.1261

Gold: Up (1.05%), 4,141.53

WTI: Up (3.75%), 61.82

Natural Gas: Down (1.51%), 3.40

To stay up-to-date on all of your market news head to Stockhouse.com.

Join the discussion: Find out what everybody’s saying about Tesla and EQB for October 23rd, 2025, on Stockhouse’s stock forums and message boards.

Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.


More From The Market Online

@ the Bell: TSX hits new record high, only to close lower

Canada’s top stock index came out of the gate hot on Friday to close out the...

@ the Bell: Oracle’s earnings miss sparks tech selloff

Canada’s top stock index rallied on Thursday despite renewed concerns over inflated technology valuations—sparked by Oracle’s...

Market Open: Disney Pops on AI Deal, Broadcom Slides on Backlog Concerns | Dec 12

TSX rises 0.54%, Nasdaq falls 1.10%, gold hits two-month high, oil and Bitcoin drop. Disney gains on AI deal while Broadcom slides on backlog…
Cannabis leaves with Stock Talk and Cannabis Report labels

StockTalk | Cannabis Report: New stores, new shipments, new vapes

Several TSX healthcare stocks that cater to various aspects of the healthcare market are listed on the TSX, including notable cannabis stocks