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Daily Markets Update: TSX Rebounds, Europe Hits a Record, Nvidia Shock Rattles Asia (Nov. 12)

  CANADIAN MONEY BRIEF · DAILY MARKETS UPDATE Thursday, November 12, 2026 · Covers Wednesday’s close and Thursday’s Asian session Markets got their AI swagger back on Wednesday — and then Nvidia took some of it away overnight. A strong CoreWeave report lifted tech, pushed the S&P/TSX Composite higher and sent Europe to a record close, but reports that Nvidia’s board is weighing whether to remove CEO Jensen Huang rattled Asian chip stocks on Thursday and pointed U.S. futures lower. AT A GLANCE TSX: +0.67% to 36,411.72, recovering part of Tuesday’s hot-inflation drop. Wall Street: S&P 500 +1.31%, Nasdaq +1.60%, Dow +0.49% as CoreWeave revived the AI trade. Europe: STOXX 600 and Germany’s DAX both closed at records. Asia (Thursday): Taiex -2.63%, Nikkei -0.70% on Nvidia leadership worries. Gold slipped under US$4,000 on a firmer U.S. dollar; oil rebounded from two-month lows. Canada: TSX Claws Back Tuesday’s Loss The S&P/TSX Composite rose 241.27 points, or 0.67%, to...
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Special Counsel Pauses Federal Prosecution of Trump Over 2020 Election Interference

 

In a significant development, Special Counsel Jack Smith has requested a pause in the federal prosecution of President-elect Donald Trump for his alleged attempts to overturn the 2020 election results. This move comes in light of Trump's recent victory in the 2024 presidential election.

Smith's request, filed on Friday, asks the court to vacate all remaining deadlines in the pretrial schedule to allow the government time to assess the unprecedented circumstances and determine the appropriate course of action. The Justice Department has a longstanding policy against prosecuting sitting presidents, which has influenced this decision.

U.S. District Judge Tanya Chutkan granted the request, setting a new deadline of December 2, 2024, for the government to file a status report outlining its proposed course for the case. This pause reflects the complexities and legal considerations surrounding the prosecution of a sitting president.

Trump, who has denied all wrongdoing, was initially indicted in August 2023 for his alleged role in a criminal scheme to overturn the 2020 election results. The case has faced numerous delays, and the recent election victory has added another layer of complexity to the proceedings.

As the legal and political implications of this decision unfold, the nation watches closely to see how the Justice Department will navigate this unprecedented situation.

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