Canadian Business Roundup: Key Updates from February 13, 2026

Canadian markets are buzzing with activity! Let’s dive into the latest financial reports and emerging trends shaping the nation’s economic landscape. From soaring airline profits to gold mining booms and energy sector expansions, here’s a comprehensive overview.

Air Canada Soars Above Expectations

Air Canada (TSX:AC) has reported a stellar fourth quarter, exceeding both revenue and profit estimates. The airline benefited from robust demand across both passenger and cargo segments. Notably, revenue growth was observed in both Atlantic and Pacific routes, even amidst a slight dip in transborder travel to the United States. This demonstrates Air Canada’s adaptability and strong market position. For more information on the airline industry, visit the International Air Transport Association.

Magna International Navigates Auto Sector Challenges

Despite ongoing turbulence in the automotive industry, Magna International (TSX:MAG) has raised its 2026 sales forecast to over US$42 billion. While the company reported a US$1 million loss in the recent quarter – largely attributed to a write-down in its electronics unit – adjusted profits significantly surpassed analyst expectations. This resilience highlights Magna’s ability to navigate complex market conditions. You can find more details about Magna’s operations at Magna International’s official website.

Agnico-Eagle Mines Strikes Gold

Agnico-Eagle Mines (TSX:AEM) experienced a substantial profit surge in the latest quarter, fueled by the rising price of gold. The Toronto-based miner reported a net income of US$1.52 billion, a significant increase from US$509 million during the same period last year. Agnico-Eagle also surpassed Barrick Mining to become the world’s second-largest gold producer, mining 3.45 million ounces last year. Furthermore, the company increased its dividend by 12.5%. We’ll be hearing more from Ammar Al-Joundi, President & CEO of Agnico-Eagle, today on The Close at 3:30 PM ET. Learn more about Agnico-Eagle’s gold production at Agnico-Eagle Mines’ website.

Enbridge Powers Ahead with Strong Q4 Results

Enbridge (TSX:ENB) delivered a fourth-quarter profit that exceeded expectations, generating over $1.9 billion. This success was driven by expansion into the U.S. market and strategic partnerships with Meta in the power sector. The Calgary-based energy provider also reaffirmed its 2026 targets, with the upper end of its earnings outlook slightly exceeding previous projections. Explore Enbridge’s energy infrastructure at Enbridge’s official website.

SPACs: A New Wave of Emerging Growth

Special Purpose Acquisition Companies (SPACs), once a Wall Street sensation, are experiencing a resurgence. A new wave of deals is bringing innovative growth companies public in sectors like quantum computing, AI infrastructure, digital assets, and healthcare. Julian Klymochko, CEO and chief investment officer of Accelerate Financial Technologies, highlights five under-the-radar SPACs to watch in the latest episode of Ticker Take on YouTube. Check out the analysis on YouTube.

These developments paint a dynamic picture of the Canadian business landscape, showcasing resilience, innovation, and growth across various sectors.