TSX edges higher as markets steady. Palantir dips despite a double beat, Cargojet profits fall, copper surges, oil pulls back, and Bitcoin jumps over 2%.
TSX edges higher as markets steady. Palantir dips despite a double beat, Cargojet profits fall, copper surges, oil pulls back, and Bitcoin jumps over 2%.

The TSX is slightly higher, while the TSX Venture Index is also moving up, as Canadian markets try to steady themselves amid renewed geopolitical uncertainty and sharp swings in global sentiment. U.S. markets are firmer, with both the Dow and Nasdaq posting gains, even as investors remain cautious following headlines that the U.S.–Iran ceasefire could be at risk. In Europe, the FTSE 100 is sharply lower, reflecting heavier risk aversion overseas.

Commodities are mixed. Oil prices are pulling back after a strong run, while gold is rebounding as investors look for protection amid uncertainty. Copper is surging on reflation and infrastructure demand, natural gas is modestly lower, and Bitcoin is jumping sharply in Canadian‑dollar terms, continuing to benefit from risk‑on flows and momentum buying.

Market numbers

TSX: Up (+0.07%), 33,663.50

TSXV: Up (+0.97%), 999.96

DOW: Up (+0.27%), 49,087.9

NASDAQ: Up (+1.24%), 27,977.4

FTSE 100: Down (‑1.63%), 10,190.31

In the headlines

  • Palantir drops despite strong results: Palantir (NDAQ:PLTR) — the data‑analytics and AI software company — fell about 3% despite delivering a double earnings beat and raising its outlook. Investors focused on valuation concerns and near‑term spending uncertainty after the stock’s strong run.
  • Cargojet earnings slide year over year: Cargojet (TSX:CJT) — Canada’s leading overnight air‑cargo carrier — reported first‑quarter net earnings of $4.1 million, sharply down from $48 million a year earlier. Higher costs and normalization of shipping demand weighed on results.

Currencies

USD: Up (+0.04%), $0.7341

GBP: Down (‑0.09%), $0.5416

EUR: Up (+0.02%), $0.62786

JPY: Up (+0.41%), ¥115.896

AUD: Down (‑0.15%), $1.0224

Bitcoin (BTC/CAD): Up (+2.16%), 111,114.8

(Conversion to C$1)

Commodities

Copper: Up (+2.50%), 6.01279

Gold: Up (+1.17%), 4,576.87

WTI: Down (‑2.81%), 102.34

Natural Gas: Down (‑0.63%), 2.831

To stay up-to-date on all of your market news head to Stockhouse.com.

Join the discussion: Find out what everybody’s saying about Palantir and Cargojet for May 5th, 2026, on Stockhouse’s stock forums and message boards.


More From The Market Online

Canadian quantum computing company signs industrial-scale deal

Canadian quantum computing company Xanadu partners with EV Group to accelerate the scaling of photonic quantum systems.

Buy or sell? Thyssenkrupp nucera, Nordex, and Pure One under the microscope

Nordex shares have had strong momentum this year. Operations are going brilliantly. But perhaps the stock...

The nature of oil shocks and how to invest to avoid them

In this article, we'll discuss the nature of oil shocks, pinpointing how to invest to foster a more sustainable energy supply chain.

U.S. defense program awards $21.5M production order

$21.5 million follow on contract awarded to Kopin Corp. (NASDAQ:KOPN) for production of a custom thermal imaging eyepiece assembly.