Markets were mostly higher today as the AI rally spread across Asia and Anthropic’s IPO filing stirred buying, even as investors waited on a likely Bank of Canada rate hike. The TSX gained 0.44% and the TSX Venture Index rose 0.53%, while the Dow added 0.13% and the Nasdaq edged up 0.06%. The FTSE 100 was the lone decliner, slipping 0.66%.
Oil fell 1.75% to 101.20 while copper jumped 0.80% and gold gained 0.18%. Bitcoin rose 0.18% to just above C$112,000, and natural gas slipped 0.79%. At home, the Bank of Canada is seen hiking as oil creates stubborn inflation, while a report said the U.S. and Canada are working on a deal to ease steel and auto tariffs.
Market numbers
TSX: Up (+0.44%) 35,944.16
TSXV: Up (+0.53%) 825.28
DOW: Up (+0.13%) 52,404.0
NASDAQ: Up (+0.06%) 29,393.4
FTSE 100: Down (-0.66%) 10,669.17
In the headlines
- La Caisse to buy BCE towers stake for $1.7 billion: La Caisse de dépôt et placement du Québec, the province’s pension and investment manager, agreed to buy a stake in BCE’s (TSX:BCE) tower assets for $1.7 billion. BCE, the Canadian telecommunications giant, will unlock capital from its infrastructure while La Caisse adds a long-term telecom asset.
- Anthropic files for IPO as sales surge and costs mount: Anthropic, the artificial intelligence company behind the Claude model family, filed for its IPO, revealing surging sales alongside mounting costs and spending plans topping $500 billion. SpaceX (NASDAQ:SPCX), the aerospace and satellite internet company founded by Elon Musk, also appears to have a lot riding on Anthropic’s success, much to the surprise of investors.
- Nvidia to invest $3 billion in Meta as Meta launches stock offering: Nvidia (NASDAQ:NVDA), the dominant AI chipmaker, will invest $3 billion in Meta Platforms (NASDAQ:META), the social media and AI company behind Facebook and Instagram, and expand their partnership on Muse. Meta shares fell 1.9% as its AI push drives a $95 billion stock offering.
Currencies
USD: Down (-0.10%) $0.7125
GBP: Up (+0.02%) $0.5346
EUR: Up (+0.14%) $0.63959
JPY: Up (+0.10%) ¥112.514
AUD: Down (-0.35%) $1.0134
Bitcoin (BTC/CAD): Up (+0.18%) 112,407.1
(Conversion to C$1)
Commodities
Copper: Up (+0.80%) 6.66386
Gold: Up (+0.18%) 4,024.42
WTI: Down (-1.75%) 101.20
Natural Gas: Down (-0.79%) 3.013
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