Canadian markets opened lower on Friday, with the TSX slipping more than 1% following a sharp selloff in global tech stocks. The Nasdaq continued to weaken after a 2.2% drop in the previous session, as investors reassess whether artificial intelligence enthusiasm may have run ahead of fundamentals.
Market numbers
TSX: Down (1.23%), 29,906.55
TSXV: Down (2.78%), 849.17
DOW: Up (0.41%), 46,016
NASDAQ: Up (0.47%), 24,190.00
FTSE: Up (0.28%), 9,530.50
In the headlines
- Bell Canada cuts nearly 700 jobs – BCE (BCE.TO) is trimming its workforce as part of a broad effort to stabilize long-term performance amid shifting media and telecom economics.
- Chip stocks seesaw on AI doubts – Semiconductor names including TSM, ASML, AVGO, MU, AMD, INTC, and NVDA bounced around pre-market as investors weigh the possibility of an AI bubble and digest Thursday’s heavy tech-sector losses.
Currencies
USD: Down (0.01%), $0.7089
GBP: Down (0.06%), $0.5419
EUR: Up (0.13%), $0.6159
JPY: Down (0.43%), ¥111.22
AUD: Up (0.04%), $0.9078
Bitcoin (BTC/CAD): Down (3.27%), 118,079.20
(Conversion to C$1)
Commodities
Copper: Up (0.38%), 5.04438
Gold: Down (0.22%), 4,068.15
WTI: Down (1.54%), 57.96
Natural Gas: Up (4.73%), 4.693
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