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Market Open: Palantir Slips on Guidance, Cargojet Earnings Fall as Markets Stay Volatile | May 5th

Economy, Finance, Market News, Market Summary
NDAQ:PLTR
05 May 2026 10:13 (EDT)
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

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

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