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

The TSX opened sharply higher, tracking gains in materials and industrials after a rise in U.S. aluminium prices boosted demand for Canadian exports.

South of the border, the Dow Jones rose modestly while the Nasdaq slipped, as investors weighed strong earnings from major banks against profit-taking in big tech. Optimism was also fuelled by expectations of further AI-linked corporate spending, following recent announcements from Oracle and AMD.

Market numbers

TSX: Up (1.68%), 30,353.61

TSXV: Down (0.15%), 905.00

DOW: Up (0.44%), 46,270.47

NASDAQ: Down (0.69%), 24,579.32

FTSE: Flat (–0.01%), 9,462.50

In the headlines

  • Stellantis unveils US$13B manufacturing plan – Stellantis (NYSE:STLA) announced a US$13 billion investment to expand U.S. manufacturing, including new facilities to ramp up Jeep, Dodge, and Ram truck production. The automaker said the move reflects confidence in North American demand despite a turbulent economic backdrop.
  • Walmart stock surges on ChatGPT integration – Walmart (NYSE:WMT) jumped 5% after unveiling a new AI-powered feature that lets customers shop directly through OpenAI’s ChatGPT. The company says the rollout will make online purchasing faster and more intuitive, marking another bold step into AI-driven retail.

Currencies

USD: Down (0.06%), $0.7113

GBP: Down (0.17%), $0.5332

EUR: Down (0.11%), $0.6125

JPY: Down (0.10%), ¥107.95

Bitcoin: Down (1.33%), US$111,568.02

(Conversion to C$1)

Commodities

Copper: Up (0.52%), 5.0593

Gold: Up (1.19%), 4,191.43

WTI: Up (0.78%), 59.13

Natural Gas: Up (0.33%), 3.02

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