Circle Internet Group (NYSE:CRCL) shares rose 7% after the company announced it received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish its own national trust bank, a move aimed at strengthening the infrastructure supporting its USDC stablecoin.
The company said the OCC approved the establishment of First National Digital Currency Bank, which will operate under the name Circle National Trust. The bank will operate under direct federal oversight from the OCC, which regulates national banks and national trust banks.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has announced plans to build a 1-gigawatt data centre in Sturgeon County, Alberta, marking the technology company’s first such facility in Canada as it expands its computing infrastructure to support artificial intelligence development.
The project represents an investment of more than C$13 billion ($9.17 billion) and will become Meta’s 33rd data centre globally. The facility will be optimized for AI workloads and is expected to support the company’s broader artificial intelligence initiatives and digital services.
Aritzia Inc (TSX:ATZ) reported first quarter fiscal 2027 results that exceeded analyst expectations, driven by strong comparable sales growth, accelerating US demand and higher digital revenue, while the apparel retailer raised its full-year revenue outlook.
Adjusted earnings per diluted share came in at C$0.96, up 95.9% from a year earlier and ahead of analyst estimates of C$0.88.