Markets slipped today as more swings in Big Tech pulled Wall Street lower and fears over AI continued to ripple across global markets. The TSX fell 0.74% and the TSX Venture Index dropped 0.55%, while the Dow slid 1.07% and the Nasdaq was flat, up 0.01%, after a sharp 2.6% drop in the prior session. The FTSE 100 declined 0.72%.
Oil jumped 3.03% to 102.00, while copper gained 1.37% and gold was flat at 0.00%. Natural gas eased 1.79%, and Bitcoin rose 0.50% to just above C$114,000 even as the U.S. dollar price held below $82,000 on reversing ETF flows. The yen hit a five-week high as U.S. yields slid and Japanese inflation reached its 2026 peak, with the 10-year Treasury holding below 5%.
Market numbers
TSX: Down (-0.74%) 35,706.50
TSXV: Down (-0.55%) 817.45
DOW: Down (-1.07%) 52,315.6
NASDAQ: Up (+0.01%) 28,956.7
FTSE 100: Down (-0.72%) 10,658.80
In the headlines
- Rogers beats on sports revenue as wireless stays sluggish: Rogers Communications (TSX:RCI.B), the Canadian telecommunications and media company, topped expectations on strength in its sports revenue, while its wireless business remained sluggish. The results highlight how sports media is offsetting softness in its core telecom operations.
- SpaceX may be on the cusp of buying 80,000 cell towers: SpaceX (NASDAQ:SPCX), the aerospace and satellite internet company founded by Elon Musk, could be close to acquiring 80,000 cell towers in a bid to challenge Verizon, AT&T and T-Mobile. The move would mark a major escalation of SpaceX’s push into mobile services.
- Moderna extends decline after leaked melanoma vaccine data: Moderna (NASDAQ:MRNA), the biotechnology company known for its mRNA vaccines, extended its slide after leaked data from a melanoma vaccine trial. The leak has raised fresh questions about the program’s prospects.
Currencies
USD: Up (+0.24%) $0.7152
GBP: Up (+0.39%) $0.5346
EUR: Up (+0.37%) $0.63885
JPY: Up (+0.17%) ¥112.108
AUD: Up (+0.02%) $1.0173
Bitcoin (BTC/CAD): Up (+0.50%) 114,453.0
(Conversion to C$1)
Commodities
Copper: Up (+1.37%) 6.55054
Gold: Flat (+0.00%) 4,024.45
WTI: Up (+3.03%) 102.00
Natural Gas: Down (-1.79%) 3.065
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