The TSX opened slightly higher Monday morning, up 0.15 per cent to 29,912.19, as investors reacted to renewed optimism in U.S. markets following signs of progress toward ending the government shutdown.
In commodities, gold prices surged more than 2 per cent to US$4,083 per ounce, their highest level in weeks, driven by a weaker U.S. dollar and safe-haven demand. Bitcoin also bounced back above US$106,000, snapping a multi-day decline as traders rushed to buy the dip.
Back in Canada, legal tech firm Clio hit a US$5 billion valuation after fresh funding, marking another milestone for the country’s growing AI-driven software sector.
Market numbers
TSX: Up (0.15%), 29,912.19
TSXV: Up (0.22%), 892.43
DOW: Up (0.16%), 46,987.11
NASDAQ: Down (0.28%), 25,059.81
FTSE: Down (0.53%), 9,678.50
In the headlines
- Clio hits $5B valuation – Vancouver-based legal tech firm Clio reached a US$5 billion valuation as it continues expanding into AI-driven practice management and automation tools. The company said the funding round will help accelerate its international growth.
- Government shutdown resolution nears – Global markets rose slightly after U.S. lawmakers signalled progress toward ending the weeks-long government shutdown, with traders betting on renewed spending momentum once federal operations resume.
- Visa and Mastercard settle swipe-fee dispute – Visa (NYSE:V) and Mastercard (NYSE:MA) have reached a revised settlement with U.S. merchants over credit card swipe fees, aiming to resolve longstanding tensions around transaction costs. The new agreement is expected to lower fees for retailers and reduce future litigation risk.
Currencies
USD: Up (0.15%), $0.7128
GBP: Up (0.11%), $0.5412
EUR: Up (0.19%), $0.6166
JPY: Up (0.59%), ¥109.84
Bitcoin: Up (1.63%), US$106,183.74
(Conversion to C$1)
Commodities
Copper: Up (1.51%), 5.0874
Gold: Up (2.07%), 4,083.73
WTI: Up (0.43%), 60.32
Natural Gas: Down (2.53%), 4.35
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