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...
US President Donald Trump has said Iran's response to his 14-point proposal to end the Middle Est war is "totally unacceptable." After reviewing the Trump administration's 14-point memorandum of understanding outlining a framework for broader nuclear talks at the weekend, Iran rejected many of the proposals, calling it equal to surrender. Tehran demanded that the 10 week-old war should immediate
Barrick Mining Corporation (B, ABX.TO) reported first quarter net earnings of $1.60 billion conmpared to $474 million, prior year. Net earnings per share was $0.96 compared to $0.27. Adjusted net earnings increased to $1.65 billion from $603 million. Adjusted net earnings per share was $0.98 compared...
Oroco Resource Corp. (OCO.V), a Canadian mineral exploration company, on Monday announced the appointment of Charles Cryer as its new chief executive officer, effective June 16. He replaces Richard Lock who had resigned in March this year for personal reasons. Cryer, a mining engineer with more...
Gaining the ground lost yesterday, Canadian stocks advanced on Friday as Iran is reviewing the U.S. peace proposal to end the war and reopen the Strait of Hormuz, boosting market sentiments and easing inflationary pressure.
After ending yesterday's choppy session moderately lower, stocks have moved back to the upside during trading on Friday. The benchmark S&P/TSX Composite Index advanced early in the session and remains firmly positive. The index is currently up 169.18 points or 0.5 percent at 34,025.80. Gold stocks...
Cresco Labs Inc. (CRLBF, CL.CN, 6CQ.MU), an American cannabis company, on Friday reported a wider loss for the first quarter, driven by decreased revenue. Quarterly net loss widened to $17.01 million from $15.23 million last year. Adjusted EBITDA came in at $32.90 million compared to $36.23 million...
Enbridge Inc. (ENB), an energy infrastructure company, Friday reported lower earnings for the first quarter compared to the same period last year. Further, the company reiterated its outlook for fiscal 2026. Quarterly earnings decreased to C$1.67 billion or C$0.77 per share from C$2.26 billion...
The euro strengthened against other major currencies in the European session on Friday. The euro rose to a 4-day high of 0.8657 against the pound and a 2-day high of 184.50 against the yen, from early lows of 0.8640 and 183.94, respectively. Against the U.S. dollar and the Swiss franc, the euro...
A total of 6.42 million doses of unapproved and counterfeit pharmaceuticals worth $15.5 million have been seized in a global crackdown. Operation Pangea XVIII, coordinated by Interpol across 90 countries during March 10 - 23, led to 269 arrests and the dismantling of 66 criminal groups involved in the illicit pharmaceutical trade. Law enforcement agencies worldwide launched 392 investigations an
TELUS Corp. (TU, T.TO), a Canadian telecommunications company, on Friday reported net income declined in the first quarter of 2026 compared with the previous year. For the first quarter, net income attributable to the shares declined 58 percent to C$136 million from C$321 million in the previous...
TELUS Corporation (TU), a Canadian telecom company, Friday announced that it has promoted Gopi Chande, incumbent CFO of TELUS Digital and TELUS Health, to the role of Chief financial Officer of Telus Corp, effective July 1. Chande succeeds Doug French who will retire from the company on June 30, after...
Partly offsetting yesterday's surge, Canadian stocks edged lower on Thursday amid reports indicating that while readying a response to U.S. peace proposal to end the war, Iran has prepared new rules for ships transiting the Strait of Hormuz to assert its control.
Following the rally seen during the previous session, Canadian stocks have shown a lack of direction over the course of the trading day on Thursday. The benchmark S&P/TSX Composite Index failed to sustain an initial move to the upside and has subsequently bounced back and forth across the unchanged...
Enerflex (EFX.TO, EFXT) reported that its first quarter net earnings increased to $43 million from $24 million, prior year. EBITDA was $110 million compared to $105 million. Adjusted EBITDA increased to $137 million from $113 million. First quarter revenue was $584 million compared to $552 million, a...
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.