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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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Mark Carney Gains Momentum with Key Endorsements in Liberal Leadership Race

 

Liberal leadership hopeful Mark Carney has secured the endorsements of four more current and former cabinet ministers. On Tuesday, Indigenous Services Minister Patty Hajdu, Crown-Indigenous Relations and Northern Affairs Minister Gary Anandasangaree, and former housing minister Sean Fraser all threw their support behind Carney on social media. 

Environment Minister Steven Guilbeault also endorsed Carney while speaking to reporters at the Liberal cabinet retreat in Montebello, Quebec. Guilbeault praised Carney's experience and background, highlighting their collaboration on issues such as green energy transition and fighting climate change. 

Carney's stance on carbon pricing has been a focal point of his campaign. While he has been a longtime supporter of carbon pricing to combat climate change, he has hinted at a policy shift, suggesting that if the carbon price is to be replaced, it must be with something equally or more effective. 

The Liberal Party will choose a new leader on March 9 to replace Prime Minister Justin Trudeau, who announced his resignation earlier this month. Carney's growing list of endorsements positions him as a strong contender in the leadership race.

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