Morning Markets for Thursdays, April 9, 2026

Why It Matters

These earnings beats and multi‑billion mining deals reshape sector valuations, while heightened geopolitical risk and a shifting macro environment push investors toward emerging‑market exposure and capex‑light, defensive assets.

Key Takeaways

• BlackBerry posts Q4 profit beat, lifts full‑year sales forecast.
• Barrick pivots to tier‑one, low‑cost mines, plans spin‑off.
• G Mining Ventures acquires G2 Goldfields for $3 billion, targeting $1 billion synergies.
• US‑Iran cease‑fire doubts keep markets volatile, oil above $100.
• Strategy: USD‑bear emerging markets, cyclical capex‑light stocks, avoid capex‑heavy tech.

Summary

The Thursday morning markets roundup highlighted three major corporate stories: BlackBerry reported fourth‑quarter earnings that beat analysts’ expectations and raised its full‑year sales outlook, Barrick Mining announced a strategic shift toward tier‑one, low‑cost assets while preparing to spin off its North‑American operations, and G Mining Ventures disclosed a $3 billion acquisition of G2 Goldfields aimed at creating a large‑scale gold hub in Guyana.

BlackBerry’s revenue jumped 10% year‑over‑year, prompting the company to lift its Q1 revenue guidance and assert that its position is resilient against generic‑AI competition. Barrick’s chair, John Thornton, outlined a new acquisition focus on long‑life, low‑cost mines and signaled a retreat from riskier jurisdictions. G Mining’s CEO Louis‑Pierre Gignac emphasized roughly $1 billion in capital and operating synergies, a projected 500,000‑ounce annual output, and a 15‑plus‑year mine life, while noting strong government support in Guyana.

Market sentiment remained fragile as investors weighed the cease‑fire between the United States and Iran, with oil prices hovering above $100 a barrel. Martin Roberts of Canaccord Genuity warned of heightened volatility, a likely USD‑bear environment, and a valuation shift favoring capex‑light cyclical and defensive stocks over capex‑heavy technology firms.

For investors, the earnings beat and mining deals suggest upside potential in the technology and resource sectors, but the geopolitical backdrop and macro‑economic shifts call for a tilt toward emerging‑market exposure, energy‑linked commodities, and defensive holdings to navigate ongoing uncertainty.

Original Description

On Morning Markets, the BNN Bloomberg team interviews some of North America’s leading money managers and analysts for actionable ideas on how Canadians can best position their investment portfolios.

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