Updated: January 29, 2026 at 9:07AM EST
Published: January 29, 2026 at 9:06AM EST
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses.
Here are five things you need to know this morning
Markets assess mixed results from Big Tech: North American stock markets are set to move higher today after earnings reports from some of the biggest names in technology. Shares of Meta Platforms traded higher after the parent company of Facebook and Instagram reported quarterly revenue and profit that topped analyst estimates. Meta also issued stronger-than-expected sales guidance for the full-year, which has eased investor concerns about plans for unprecedented spending on artificial intelligence.
Tesla tops expectations: Tesla shares also traded higher in the premarket. The electric carmaker topped earnings and revenue estimates in the fourth quarter, but wrapped up its first-ever annual revenue decline as auto sales slowed amid rising competition. Full-year revenue three per cent and net income plunged 61 per cent in the quarter, and Tesla is now leaning heavily on bets in AI, robotaxis and humanoid robots to drive future growth.
Microsoft worries: Meanwhile Microsoft’s spending surged to a record high and cloud sales growth slowed, sending the shares down sharply amid investor concerns that it could take longer than expected for the company’s AI investments to pay off. The world’s largest software maker has experienced rapid growth in its cloud computing business, thanks in part to a landmark partnership with leading artificial intelligence startup OpenAI. But despite spending heavily on data centers, Microsoft has struggled to get capacity online quickly enough to meet demand.
Blue Jays boost Rogers: Revenue and profit in the latest quarter at Rogers Communications topped estimates. The results were helped by the company’s investments into the Canadian sporting industry, benefiting from the Blue Jays’ playoff run. For the full year, Rogers is projecting revenue growth from three to five per cent.
Empire shutting Alberta warehouse: Canadian food conglomerate Empire will shut down its customer fulfillment centre in Alberta, and take a charge of $750 million. Analysts suggest the writedown highlights that the returns from its grocery delivery business aren’t what the industry expected. The company’s CEO says the decision will ensure long‑term growth and profit in their e‑commerce business.
