Canadian stocks inched lower on Friday as investors weighed the U.S.-Iran Memorandum of Understanding signed on Wednesday against the sudden cancellation of today's planned first round of U.S.-Iran talks in Switzerland amid fresh Israel-Hezbollah attacks.
Canadian stocks are turning in a mixed performance in cautious trade on Friday following the cancellation of the U.S.-Iran talks scheduled to take place in Switzerland.
Canadian space technology firm MDA Space Ltd. (MDA, MDA.TO) announced on Friday that it has agreed to acquire U.S. spacecraft maker Blue Canyon Technologies LLC for $620 million or C$874 million in cash from Raytheon, an RTX Corp. (RTX) business. The acquisition will add $3.5 billion, or about C$4.9...
Canadian stocks may open on a negative note Friday morning as weak precious metals prices and uncertainty about U.S. and Iran agreeing on a long-term truce are likely to weigh on sentiment.
Canadian stocks edged lower on Thursday amid by a decrease in crude oil prices due to the reopening of the Strait of Hormuz and a plunge in gold prices due to the possibility of higher U.S. interest rates, both of which weighed on the energy and metal-linked materials sectors, respectively, and pulled down the market.
After an early upmove, the Canadian stock market pared gains and slipped into negative territory Thursday morning, weighed down by losses in energy, materials and technology sectors. Concerns about interest rates following a hawkish outlook from the Federal Reserve, and weak commodity prices contributed to market's decline.
On Thursday, Canadian food retailer Empire Co. Ltd. (EMLAF), reported higher profit in the fourth quarter compared to the prior year. Furthermore, the company declared a final dividend and expects growth in adjusted earnings per share for fiscal 2027. On the OTC Markets OTCPK, the shares ended Wednesday's...
The Bank Of Nova Scotia (BNS, BNS. TO), a Canadian lender, said on Thursday that it will invest $2.5 million over five years in a renewed arrangement with the Smith School of Business at Queen's University to help build AI-ready workforce through applied research and experiential learning. The investment...
Canadian stocks may open with a negative bias on Thursday, weighed down by sharply lower oil and precious metals prices. The signing of an interim peace deal by Iran and the U.S. may help limit market's downside.
U.S. zinc and graphite producer Titan Mining Corp (TII, TI.TO) on Thursday announced that it has named Richard Pozzebon chief financial officer, effective July 6. Pozzebon succeeds Ashley Kates, who was appointed as interim CFO on May 22 after Kevin Hart resigned for personal reasons. Richard Pozzebon...
Giving back ground following four consecutive sessions of gains, Canadian stocks moved lower on Wednesday as investors assessed the reopening of the Strait of Hormuz against forecasts of a delayed recovery in oil production in the gulf. In addition, traders resorted to profit-booking from the nearly 3.5% gains from the previous four sessions.
The Canadian market remains firmly up in positive territory a little past noon on Wednesday, riding once again on strong gains in materials sectors. Financials stocks are also having a good outing. Technology stocks, which had a weak outing on Tuesday, are among the other notable gainers.
The Canadian market is likely to open on a mixed note on Wednesday, and the mood is likely to remain a bit cautious with investors looking ahead to the Federal Reserve's monetary policy announcement later in the day.
Sernova Biotherapeutics, Inc. (SVA.TO), a regenerative medicine company, announced Wednesday that the U.S. Food and Drug Administration (FDA) has granted orphan drug designation for autologous islet transplantation (AIT) for the prevention of diabetes due to total pancreatectomy. Sernovas proprietary...
Gildan Activewear Inc. (GIL) shares fell 18.77% on Tuesday to close at $50.34 after a short seller report raised concerns about the company's sales practices and growth trends. The report, published by Jehoshaphat Research on June 16, alleged that Gildan had shipped excess inventory to distributors...
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.