The TSX opened lower Friday as investors shifted toward safe-haven assets following renewed weakness in U.S. regional banks. Gold prices surged, heading for their biggest weekly gain since 2020, while risk appetite faded across equities and crypto markets.
In the U.S., the Dow and Nasdaq slipped as financial stocks weighed on sentiment, offsetting resilience in industrials and energy. Meanwhile, Apple’s new five-year media rights deal for Formula 1 captured market attention, underscoring its growing footprint in sports broadcasting.
Market numbers
TSX: Down (0.58%), 30,458.80
TSXV: Down (0.27%), 900.45
DOW: Down (0.65%), 45,952.25
NASDAQ: Down (0.36%), 24,657.24
FTSE: Down (0.03%), 9,447.50
In the headlines
- A&W triples quarterly profit – A&W Food Services (TSX:AW) reported a $17.6 million profit for the third quarter, nearly triple last year’s $6.5 million, driven by strong same-store sales and steady consumer demand. The company cited cost efficiencies and new menu initiatives as key contributors.
- Apple clinches exclusive F1 rights – Apple (NDAQ:AAPL) has secured exclusive U.S. media rights for Formula 1 races in a five-year deal, expanding its push into live sports broadcasting. The agreement, estimated at over US$2 billion, positions Apple to compete directly with traditional media networks in live entertainment.
Currencies
USD: Up (0.03%), $0.7115
GBP: Down (0.36%), $0.5291
EUR: Down (0.15%), $0.6104
JPY: Up (0.05%), ¥107.61
Bitcoin: Up (0.44%), US$111,290.03
(Conversion to C$1)
Commodities
Copper: Down (0.33%), 4.9918
Gold: Up (0.93%), 4,245.47
WTI: Down (0.43%), 58.54
Natural Gas: Down (0.23%), 3.03
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