Canadian stocks advanced on Monday, as gains in the oil-linked energy sector and a surge in the silver-linked materials sector pushed the index higher but inflationary concerns due to an elusive U.S.-Iran peace deal capped the gains.
The Canadian market is up marginally around mid-afternoon on Monday thanks to strong gains in energy and materials stocks, which are riding on firm commodity prices. Technology, consumer staples, industrials and consumer discretionary stocks are mostly down, limiting market's upside.
Brookfield Asset Management Ltd. (BAM), an asset management firm, Monday announced that it has agreed to invest $500 million in OpenAI Deployment Company, a newly formed AI deployment platform established in partnership with OpenAI and a group of investors. The OpenAI Deployment Company aims at enabling...
The Japanese yen weakened against other major currencies in the European session on Monday, due to worries about Japanese authorities intervening in the foreign exchange market. Concerns over Japan's economic future and rising oil prices continue to put pressure on the Japanese yen (JPY). Following...
The Canadian stock market is likely to open with a negative bias on Monday, weighed down by Middle East concerns due to failed peace talks.
CAE Inc. (CAE), a provider of training, simulation, and critical operation solutions, Monday announced that it is pursuing strategic alternatives for Flightscape, its aviation software business, and this includes options of strategic partnerships, minority or majority investment, a sale, or other alternatives. This...
Crescita Therapeutics Inc. (CRRTF.PK, CTX.TO), Monday announced its first-quarter financial results, reporting a net loss of C$1.160 million, or C$0.06 a share, compared to C$0.932 million, or C$0.05 a share, last year. Operating loss amounted to C$1.2 million compared to C$1.1 million in the earlier...
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...
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.