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CANADA STOCKS-TSX rise as Nvidia pushes bubble fears aside
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CANADA STOCKS-TSX rise as Nvidia pushes bubble fears aside
Nov 20, 2025 3:27 AM

Nov 20 (Reuters) -

Futures tied to Canada's main stock index climbed on

Thursday, buoyed by Nvidia's ( NVDA ) blockbuster earnings, while

investors kept an eye on the long-awaited U.S. jobs report.

December futures on the S&P/TSX index were up 0.24%

as of 5:25 a.m. ET, with weaker gold prices weighing on the

index.

Canada's main index advanced 0.8% on Wednesday,

snapping two consecutive sessions of losses, led by technology

shares that bounced back after a recent sell-off and mining

shares that gained on upbeat commodity prices.

AI bellwether Nvidia ( NVDA ) soothed bubble fears with a

strong fourth-quarter sales forecast and third-quarter revenue

that beat market expectations, easing investor jitters.

The chipmaker has been the driving force behind this year's

tech and AI-fueled rally that sent U.S. markets to record highs.

Sentiment back at home has been following U.S. trends, with

investor attention shifting to the delayed U.S. jobs report - a

crucial factor in the Federal Reserve's decision, though odds of

another cut have slipped below 50%.

Separately, the Bank of Canada on Wednesday urged a

coordinated, economy-wide push to revive sluggish productivity,

warning the issue is growing more urgent amid headwinds from

U.S. trade policy.

Putting a lid on further gains, gold prices fell more than

1%, pressured by a firm dollar and diminishing rate cut hopes.

In corporate news, Vizsla Silver ( VZLA ) announced the

pricing of $250 million convertible senior notes. The

U.S.-listed shares of the firm were down 12.2% premarket.

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