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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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Ontario Premier Doug Ford Calls Snap Election for February 27

Ontario Premier Doug Ford is set to call a snap election next week, sending voters to the polls on February 27. This unexpected move comes as Ford seeks a fresh mandate to address the looming threat of tariffs from the United States under President Donald Trump. The provincial election, originally scheduled for June 2026, has been advanced as Ford emphasizes the need for a "strong mandate" to protect Ontario's economy and jobs.

Ford's decision has sparked criticism from opposition leaders, who accuse him of prioritizing his political career over the province's stability. Ontario Liberal leader Bonnie Crombie expressed her disapproval, stating that Ford has chosen "recklessness over responsibility". Despite the controversy, recent polls indicate that Ford's Progressive Conservative Party holds a significant lead, with 46% of respondents supporting the Conservatives.

The upcoming election will be the first mid-winter election in Ontario since 1981. As the province braces for this unexpected political event, all eyes will be on Ford's announcement next week and the subsequent campaign trail.

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