1. Jobs Data Day for Canada
Tomorrow’s the big one for Canada’s jobs data.
Markets expect a loss of 5,000 jobs and the unemployment rate to rise to 7.2%.
Anything worse could add pressure on the Bank of Canada to move again before year-end.
2. VIX Starting to Climb
The VIX — often called the fear gauge — is starting to tick higher.
Keep an eye on it: a move above 20 could signal the market’s catching a fever.
And yes, a little volatility before year-end is still very much possible.
3. Gold’s Struggle Above $4,000
Gold is holding above $4,000, but struggling to stay there.
Uranium stocks are selling off again.
Rare earth names are cooling off too.
4. Cathie Wood Lowers Bitcoin Forecast
Cathie Wood just cut her Bitcoin forecast by $300,000, now expecting $1.2 million by 2030.
Her reasoning? Stablecoins could steal Bitcoin’s thunder.
For context: Bitcoin is around $101K right now — meaning it would still need to rise over 1,100% to hit her new target.
5. Loonie Sinks, Yields Hold, and Nvidia’s Bold Claim
The Canadian dollar continues tumbling, and it’s not surprising given the backdrop.
U.S. 10-year yields remain above 4%, showing bonds aren’t out of the woods yet.
And over in tech land — Nvidia CEO Jensen Huang says China will win the AI race. Bold statement… but worth paying attention to.