Here are five things you need to know this morning
Air Canada tops estimates: Air Canada posted higher‑than‑expected revenue and profit in the fourth quarter. The air carrier saw stronger‑than‑expected demand across both cargo and passenger segments. The airline also reported growth in Atlantic and Pacific revenue, even as transborder travel to the U.S. declined.
Magna raises forecast: Despite the turmoil in the auto sector, Canadian parts giant Magna International has raised its sales forecast for 2026. Magna now expects revenue of more than US$42 billion this year. In the quarter just ended the company took a loss of US$1 million, mainly due to a large write-down in its electronics unit. Stripping that out, Magna’s adjusted profit came in well above analyst expectations.
Profit surge at Agnico-Eagle: Profit surged in the latest quarter at Agnico-Eagle Mines, as the price of gold took off. The Toronto-based miner reported net income of US$1.52 billion, up from US$509 million during the same period a year earlier. Agnico mined 3.45 million ounces last year, overtaking Barrick Mining to become the world’s second-biggest gold producer. Agnico also raised its dividend by 12.5 per cent. We’ll find out more when we speak with Ammar Al-Joundi, President & CEO of Agnico-Eagle, today on The Close at 3:30 PM ET.
Enbridge beats expectations: Enbridge posted fourth‑quarter profit that beat estimates, bringing in more than 1.9 billion dollars. The quarter was driven by expansion into the U.S. and major partnerships with Meta in the power space. Following the results, the Calgary-based energy provider also reaffirmed its 2026 targets, with the top end of its earnings outlook coming in slightly above expectations.
Under-the-radar SPACs: SPACs were one of the hottest trends on Wall Street just a few years ago. While the hype has cooled, a new wave of deals is bringing emerging growth companies public in areas such as quantum computing, AI infrastructure, digital assets, and healthcare. In the latest episode of Ticker Take on YouTube, Julian Klymochko, CEO and chief investment officer of Accelerate Financial Technologies, highlights five under-the-radar SPACs he is watching.
