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...
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...
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.