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...
Element Fleet Management Corp. (EFN.TO) announced a strategic multi-year partnership with Waymo, a leader in autonomous driving technology, to support the large-scale deployment and operation of autonomous vehicle fleets. The partnership, enabled through Element Mobility, will provide end-to-end fleet...
Sharply higher Canadian and U.S. futures and rising precious metals prices thanks to U.S.-Iran peace deal agreement point to a firm start on Bay Street Monday morning. The preliminary framework agreed to by the two nations includes halting the U.S. blockade of Iran and reopening of the Strait of Hormuz.
Monday, Seadrill Limited (SDRL) announced that its subsidiary Seadrill Finance Limited intends to offer for sale of $600 million in aggregate principal amount of senior unsecured notes due 2034. The subsidiary intends to use the proceeds, together with cash on hand, to redeem all of its outstanding...
Edge Total Intelligence Inc. (CTRL.V, UNFYF) Monday said that it has won contracts worth $1.2 million from Austal USA to provide data integration for the U.S. Navy's Digital Secure Exchange for Additive Platform. The contracts cover edgeTI's edgeCore digital twin software, which will serve as the...
The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Monday, with investors cheering the news about Iran and the U.S. signing a peace deal to end the crisis in the Middle East. The preliminary framework...
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.