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Market Open: Salesforce surges on $60B roadmap, Cineplex sells media arm | Oct 16, 2025

Economy, Finance, Market News, Market Summary
NYSE:CRM
16 October 2025 10:00 (EST)

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

The TSX opened higher, lifted by strength in tech and financials as optimism around earnings season continued to drive global markets.

In the U.S., the S&P 500 extended gains, powered by a rebound in bank stocks and a fresh rally in tech after Salesforce unveiled its ambitious five-year growth plan. Ethereum, meanwhile, struggled to maintain momentum above the US$4,000 mark amid mixed sentiment in crypto markets.

Market numbers

TSX: Up (0.93%), 30,637.12

TSXV: Down (0.26%), 902.50

DOW: Down (0.04%), 46,253.32

NASDAQ: Up (0.68%), 24,745.36

FTSE: Down (0.13%), 9,450.00

In the headlines

Currencies

USD: Up (0.03%), $0.7115

GBP: Down (0.36%), $0.5291

EUR: Down (0.15%), $0.6104

JPY: Up (0.05%), ¥107.61

Bitcoin: Up (0.44%), US$111,290.03

(Conversion to C$1)

Commodities

Copper: Down (0.33%), 4.9918

Gold: Up (0.93%), 4,245.47

WTI: Down (0.43%), 58.54

Natural Gas: Down (0.23%), 3.03

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