The TSX opened lower on Friday as investors weighed stronger-than-expected Canadian jobs data against renewed volatility in global tech markets.
Canada added 67,000 jobs in October, bringing unemployment down to 6.9 per cent, a sign of resilience that supports the Bank of Canada’s view that rates are appropriately balanced. However, markets remained cautious after the S&P 500 logged its steepest loss in weeks, falling 1.1 per cent as traders reassessed AI stock valuations.
Market numbers
TSX: Down (0.78%), 29,868.59
TSXV: Down (0.51%), 890.42
DOW: Down (0.84%), 46,912.31
NASDAQ: Down (1.91%), 25,130.04
FTSE: Down (0.57%), 9,730.50
In the headlines
- Tesla shareholders greenlight Musk’s $1 trillion package – Tesla Inc (NDAQ:TSLA) stock rose in pre-market trading after shareholders voted in favour of reinstating Elon Musk’s $1 trillion compensation plan, first blocked earlier this year. The decision renews Musk’s pursuit of performance targets linked to the company’s valuation milestones.
- Telus profit climbs despite competitive headwinds – Telus Corp (TSX:T) posted a $493 million profit attributable to common shareholders, up from $466 million a year ago. The telecom giant credited its diversified business lines — including Telus Health and International — for offsetting softer wireless margins.
Currencies
USD: Up (0.42%), $0.7109
GBP: Up (0.41%), $0.5410
EUR: Up (0.21%), $0.6145
JPY: Up (0.68%), ¥109.14
Bitcoin: Down (1.09%), US$100,191.07
(Conversion to C$1)
Commodities
Copper: Down (0.17%), 5.0198
Gold: Up (0.66%), 4,003.43
WTI: Down (0.67%), 60.09
Natural Gas: Down (1.03%), 4.33
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