📊 Markets at a glance
| S&P 500 | 7,599.96 | ▲ +0.26% |
| TSX Composite | 34,734.89 | ▼ −0.10% |
| Nasdaq | 27,086.81 | ▲ +0.42% |
| Bitcoin | $71,058 | ▼ −3.43% |
| USD/CAD | 1.3800 | ▲ +0.41% |
| Gold | $2,341 | ▲ +0.18% |
| Oil (WTI) | $79.40 | ▼ −0.62% |
🔥 What moved
The S&P 500 and Nasdaq both edged higher, with tech leading the charge. North of the border, the TSX barely budged, down just 0.10%. The real story: USD/CAD jumped 0.41% to 1.38, meaning the loonie weakened significantly — good news if you hold US assets, a headwind if you're converting CAD to USD. Bitcoin dropped 3.43% as traders locked in gains after last week's rally.
🧠 The one thing to know
If you're holding US-listed positions or planning to buy US equities, today's CAD weakness is a headwind. The loonie rally suggests the Bank of Canada may stay hawkish longer than expected. Consider whether currency hedging makes sense for your portfolio — or if you're underweight US exposure, the exchange rate just made entry points more expensive in CAD terms.
📅 On the radar
- •Fed speakers this week — Powell Wednesday on inflation trajectory
- •Canada employment data Friday — could influence BoC rate decision path
- •Tech earnings season winds down — watch for guidance on AI capex spending