Tuesday, Power Corporation of Canada (POW.TO) announced its first-quarter financial results, reporting net earnings of C$820 million or C$1.29 per share, compared to C$689 million or C$1.07 per share in the previous year. On an adjusted basis, earnings were C$905 million or C$1.43 per share, compared...
Canadian stocks edged higher on Tuesday as traders watched the developments in the U.S.-Iran standoff after reports indicated that the U.S. could restart combat operations while refraining from big moves. Gains in the oil-linked energy sector lifted the index against a pullback in the IT sector.
After opening marginally down, the Canadian market slipped a bit deeper into the red Tuesday morning, weighed down by losses in materials, technology, healthcare and consumer discretionary sectors.
George Weston Limited on Monday reported higher first-quarter profit, mainly helped by growth in revenue. Net earnings attributable to common shareholders rom continuing operations rose to $102 million or $0.26 per share from $71 million or $0.18 per share a year earlier. Adjusted net earnings...
Canadian shares look headed for a weak start on Tuesday amid fading hopes for a U.S.-Iran peace deal, and concerns about inflation.
CGI (GIB, GIB-A.TO) , an IT and business consulting services company, on Tuesday announced the appointment of Tim Hurlebaus as President and Chief Executive Officer and a board member, effective immediately. He succeeds François Boulanger, who is retiring after nearly 40 successful years in the IT...
BMO Financial Group (BMO.TO, BMO) announced the signing of a definitive agreement with Stonepeak for the sale of BMO's Transportation Finance and Vendor Finance businesses, including related loan portfolios in the United States and Canada. Stonepeak will acquire the assets for cash consideration and...
Canadian stocks advanced on Monday, as gains in the oil-linked energy sector and a surge in the silver-linked materials sector pushed the index higher but inflationary concerns due to an elusive U.S.-Iran peace deal capped the gains.
The Canadian market is up marginally around mid-afternoon on Monday thanks to strong gains in energy and materials stocks, which are riding on firm commodity prices. Technology, consumer staples, industrials and consumer discretionary stocks are mostly down, limiting market's upside.
Brookfield Asset Management Ltd. (BAM), an asset management firm, Monday announced that it has agreed to invest $500 million in OpenAI Deployment Company, a newly formed AI deployment platform established in partnership with OpenAI and a group of investors. The OpenAI Deployment Company aims at enabling...
The Japanese yen weakened against other major currencies in the European session on Monday, due to worries about Japanese authorities intervening in the foreign exchange market. Concerns over Japan's economic future and rising oil prices continue to put pressure on the Japanese yen (JPY). Following...
The Canadian stock market is likely to open with a negative bias on Monday, weighed down by Middle East concerns due to failed peace talks.
CAE Inc. (CAE), a provider of training, simulation, and critical operation solutions, Monday announced that it is pursuing strategic alternatives for Flightscape, its aviation software business, and this includes options of strategic partnerships, minority or majority investment, a sale, or other alternatives. This...
Crescita Therapeutics Inc. (CRRTF.PK, CTX.TO), Monday announced its first-quarter financial results, reporting a net loss of C$1.160 million, or C$0.06 a share, compared to C$0.932 million, or C$0.05 a share, last year. Operating loss amounted to C$1.2 million compared to C$1.1 million in the earlier...
The Japanese yen weakened against other major currencies in the European session on Monday. The yen fell to 5-day lows of 185.02 against the euro, 213.83 against the pound and 201.97 against the Swiss franc, from early highs of 184.53, 213.24 and 201.55, respectively. Against the U.S. and the...
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.