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...
Lundin Mining Corporation (LUN.TO, LMC, LUMI.ST) said its 2026 production guidance remains unchanged and, based on the mid-point of the production guidance and on the forecast copper price of $5.50/lb copper and forecast gold price of $4,000/oz, revenue for 2026 is expected to be approximately $4.5 billion...
Canadian stocks edged higher on Tuesday, extending three consecutive sessions of gains, as markets continued to carry the optimism from Sunday's announcement on an initial U.S.-Iran deal to end their conflict, which is scheduled to be signed on Friday.
After advancing to a new all-time high, the Canadian benchmark S&P/TSX Composite Index eased a bit on Tuesday, but remained in positive territory, supported by gains in materials and financials sectors. Optimism surrounding a U.S.-Iran peace deal continues to aid sentiment. Meanwhile, investors looked ahead to the Federal Reserve's monetary policy announcement on Wednesday.
Despite the optimism surrounding US-Iran peace agreement, the Canadian market is likely to see cautious moves by investors on Tuesday, tracking weak crude oil prices and largely subdued bullion movements. Also, the focus will be on the Federal Reserve's monetary policy announcement, due on Wednesday.
Groupe Dynamite Inc. (EU7.F, GRGDF, GRGD.TO), a Canadian clothing company, on Tuesday reaffirmed its annual revenue growth guidance. For fiscal 2026, the Group still expects revenue growth of 22% to 25%, with comparable store sales growth of 11% to 14%. The company, however, has revised up the...
Soma Gold Corp. (SOMA.V) said on Tuesday that it has appointed Wylie Hui as its chief financial officer, effective July 13, 2026. Former CFO Greg Hayes had resigned in May to pursue other interests. Soma Gold said Hui brings more than 25 years of finance and operational experience across the mining...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as investors still remain cautious despite US President Donald Trump's announcement that a memorandum of understanding (MoU) has been reached to...
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday. The Canadian dollar fell to a 5-day low of 1.4019 against the U.S. dollar, from yesterday's closing value of 1.3991. Against the yen and the euro, the loonie edged down to 114.30 and 1.6232 from Monday's...
The Australian dollar weakened against other major currencies in the Asian session on Tuesday. The Australian dollar fell to 1.6437 against the euro and 112.88 against the yen, from yesterday's closing quotes of 1.6392 and 113.32, respectively. Against the U.S. and the Canadian dollars, the aussie...
Extending the gains made from two consecutive sessions last Friday, on Monday, Canadian stocks climbed sharply following Sunday's announcement by U.S. President Donald Trump that a framework agreement has been reached between the U.S. and Iran which was confirmed by Iran as well.
The Canadian market climbed to a fresh record high on Monday, riding on strong gains in materials and technology sectors. The mood was upbeat at the start following the U.S. and Iran reaching a tentative agreement to end their conflict.
Andrew Peller Limited (ADW-B.TO), an alcohol beverages manufacturer, Monday announced that it has agreed to be acquired by a newly formed subsidiary of Fairfax Financial Holdings Limited (FFH.TO) termed as the purchaser. The purchaser with Fairfax as the guarantor will acquire all of the issued and...
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.