Markets were mostly higher today as easing oil-supply worries and a rebound in tech helped stocks finish a record-setting week on a positive note. The TSX gained 0.89% and the TSX Venture Index rose 1.11%, while the Dow added 0.25% and the FTSE 100 climbed 0.43%. The Nasdaq was the lone decliner, slipping 0.05% as lingering AI trade jitters kept a lid on tech.
Gold rebounded 1.50% as yields eased and the U.S. dollar pulled back, while copper jumped 2.40% and Bitcoin gained 1.54% to just under C$118,000. Oil rose 3.08% despite Trump’s comments on Iran talks easing supply concerns earlier in the week, and a bond market selloff continues to draw warnings from Wall Street.
Market numbers
TSX: Up (+0.89%) 35,456.68
TSXV: Up (+1.11%) 877.36
DOW: Up (+0.25%) 51,365.1
NASDAQ: Down (-0.05%) 30,786.7
FTSE 100: Up (+0.43%) 10,566.79
In the headlines
- Shell to buy 30% stake in Bay du Nord oil project: Shell (NYSE:SHEL), the global energy major, agreed to acquire a 30 per cent stake in the Bay du Nord oil project off the coast of Newfoundland. The deal adds momentum to one of Canada’s most closely watched offshore developments.
- Apple falls on report of component order cuts: Apple (NASDAQ:AAPL), the consumer technology giant behind the iPhone, Mac and Apple Watch, slipped on a report that it is cutting component orders amid soft demand for the iPhone 18 Pro. The report raises fresh questions about the strength of the company’s latest product cycle.
- OpenAI revenue outlook rattles the AI trade: OpenAI, the artificial intelligence company behind ChatGPT, said it expects $70 billion in annualized revenue by the end of 2026, but an earlier $50 billion revenue figure had rattled the AI trade, raising questions about how projections could miss by $20 billion. The mixed signals are fueling debate over how reliably AI companies can forecast growth.
Currencies
USD: Down (-0.34%) $0.7001
GBP: Down (-0.28%) $0.5294
EUR: Down (-0.20%) $0.62591
JPY: Down (-0.08%) ¥110.936
AUD: Down (-0.53%) $1.0041
Bitcoin (BTC/CAD): Up (+1.54%) 117,986.1
(Conversion to C$1)
Commodities
Copper: Up (+2.40%) 6.75492
Gold: Up (+1.50%) 4,195.55
WTI: Up (+3.08%) 90.50
Natural Gas: Up (+2.23%) 3.203
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