Markets hit new highs as risk appetite builds. Arm reverses after weak guidance, Canadian Natural posts $1.35B profit, gold rises and oil slides.
Markets hit new highs as risk appetite builds. Arm reverses after weak guidance, Canadian Natural posts $1.35B profit, gold rises and oil slides.

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

@ the Bell: TSX springs back to life

Canada’s main stock index rebounded on Friday after an early sharp decline, lifted by gains in...

Are AI stocks still a good investment?

AI-driven semiconductor demand is creating an opening for quantum computing, and D Wave (NYSE:QBTS) is positioned as an early player.
Nintendo Switch 2 image via Nintendo

Nintendo’s Switch 2 success faces investor pressure as costs rise

Nintendo (OTC Pink:NTDOF) Switch 2 has been a success, but it’s reportedly being sold at a loss, raising concerns about profitability.

Drone company spreads wings across US Department of War

Draganfly (CSE/NASDAQ:DPRO) will supply two units within the US Department of War with its Flex FPV drone systems.