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Market Open: AI Warnings Rattle Tech as Oil Tops $108 | Sep 14th

Economy, Finance, Market News, Market Summary
14 September 2026 10:05 (EDT)
AI risk warnings from Altman, Amodei and Musk pressured tech stocks, while oil surged past $108 on new Hormuz tensions.

AI risk warnings from Altman, Amodei and Musk pressured tech stocks, while oil surged past $108 on new Hormuz tensions.

Markets were mixed today as fresh warnings about AI’s risks weighed on tech sentiment even as the TSX and FTSE pushed higher on resource strength. The TSX gained 0.54% and the FTSE 100 rose 0.47%, while the TSX Venture Index dipped 0.32%. In the U.S., the Dow slipped 0.19% and the Nasdaq fell 0.49% as AI-linked names came under pressure.

Oil surged past $108 after a new Strait of Hormuz ship attack and a Saudi pipeline shutdown reignited supply fears, keeping inflation concerns front and center after StatCan data showed Canadian inflation holding at 3% in August. Gold fell 1.81% and copper dropped 2.73%, while Bitcoin bucked the risk-off tone to climb 1.96% to above C$108,000. Traders are also bracing for a widely expected rate hike this week as bond markets price in the odds near certainty.

Market numbers

TSX: Up (+0.54%) 35,697.49

TSXV: Down (-0.32%) 927.86

DOW: Down (-0.19%) 52,456.5

NASDAQ: Down (-0.49%) 28,908.1

FTSE 100: Up (+0.47%) 10,712.75

In the headlines

Currencies

USD: Down (-0.39%) $0.7177

GBP: Up (+0.02%) $0.5326

EUR: Up (+0.18%) $0.62264

JPY: Up (+0.47%) ¥111.206

AUD: Up (+0.44%) $1.0094

Bitcoin (BTC/CAD): Up (+1.96%) 108,651.7

(Conversion to C$1)

Commodities

Copper: Down (-2.73%) 6.39462

Gold: Down (-1.81%) 4,270.00

WTI: Up (+3.03%) 102.00

Natural Gas: Down (-0.93%) 2.861

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