Shares of Telesat Corporation (TSAT) are climbing around 14 percent on Tuesday morning trading after it reported a drop in its fourth-quarter net loss, which stood at C$125.543 million compared to last year's C$126.311 million.
The company's shares are currently trading at $40.79 on the Nasdaq, up 14.90 percent. The stock opened at $34.38 and has climbed as high as $42.45 so far in today's session. Over the past year, it has traded in a range of $14.77 to $42.45.
However, the company's revenue for the period fell to C$94.041 million from C$127.995 million in the prior year.
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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.