Morning Money — Tuesday, October 27, 2026
Canada’s AI boom gets a fresh earnings test
Toronto-based Celestica reported US$5.83 billion in quarterly revenue, up 83% from a year earlier, and projected US$40 billion for 2027. That is a striking signal of demand for data-centre equipment—and a reminder that Canadian markets have a stake in the global AI buildout. The forecast is management’s outlook, not a guaranteed result.
A quiet start after Monday’s gains
December TSX futures were up just 0.01% at 6:19 a.m. ET, as firmer oil was offset by weaker gold, according to Reuters. Monday’s TSX close was 35,944.16, up 0.44%. In the U.S., the S&P 500 gained 0.7% and the Nasdaq rose 0.8%.
Earnings are moving individual stocks
Whirlpool fell more than 8% in early premarket trading after forecasting a full-year loss. HSBC dropped over 6% in London after profit growth disappointed, despite a planned buyback. Instacart edged higher on a report that DoorDash is in advanced acquisition talks; a deal has not been announced.
Tomorrow’s Canadian rate decision matters at home
The Bank of Canada announces its decision and updated economic forecasts Wednesday, October 28, at 9:45 a.m. ET. The outcome could affect prime-linked borrowing costs, while the outlook may move bond yields and the dollar.
What to watch
Celestica’s investor day today puts its ambitious growth outlook under the microscope. Tomorrow, watch both the Bank of Canada’s decision and what it says about inflation and growth.
