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01.07.2024Labour Party wins the general election
01.07.2024Labour Party wins the general election
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business 2025-05-24 03:43
ATS Corporation settles outstanding payments with EV customer - ATS Corporation announced a settlement agreement with its Electric Vehicle customer regarding outstanding payments owed.
- The settlement affects financial metrics, including revenues of $721 million and an adjusted net income of $40 million.
- This strategic move is aimed at stabilizing the company's financial position amid operational losses.
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business 2025-05-17 03:18
Flow Beverage Corp. extends loan maturity date amid financial struggles - Flow Beverage Corp. has announced an extension of the maturity date for its Term Loan to October 31, 2025.
- The company is currently facing legal proceedings from vendors related to unpaid aged payables.
- This extension and waiver from lenders provide crucial breathing room for the company as it addresses its financial challenges.
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business 2025-05-12 11:04
NexGen Energy announces key conference call for Rook I developments - NexGen Energy Ltd. will host a conference call on May 20, 2025, to discuss the Rook I Project.
- The call will cover market fundamentals, including supply constraints and demand drivers for uranium.
- The announcement highlights NexGen's commitment to transparency and sustainability in mining.
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business 2025-05-09 22:42
Galaxy Digital shareholders greenlight major reorganization plan - On May 9, 2025, Galaxy Digital Holdings Ltd. conducted a Special Meeting of shareholders.
- The shareholders approved the reorganization from the Cayman Islands to Delaware with a 99.643% majority.
- This significant approval sets the stage for Galaxy to trade on Nasdaq under ticker GLXY effective May 16, 2025.
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business 2025-05-08 16:14
Leon's Furniture Limited achieves record first quarter revenue in 2025 - Leon’s Furniture Limited reported a record revenue of $579.5 million for the first quarter of 2025, an increase of 3.1% from the previous year.
- The increase was primarily driven by strong furniture sales, with same store sales also growing by 3.0%.
- The company's successful management strategy positions it well for future growth despite ongoing macroeconomic challenges.
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business 2025-05-08 10:31
Jaguar Mining faces losses amid reduced gold production - Jaguar Mining's gold production from the Pilar mine in Q1 2025 totaled 9,924 ounces, considerably lower than the previous year's figures when operations included the Turmalina mine.
- The company's revenue for the first quarter was $27.3 million, down from $32.6 million in Q1 2024, contributing to a net income loss of $1,611,000.
- These results underscore the ongoing challenges Jaguar Mining faces as it strives to stabilize its operations and recover from prior setbacks.
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business 2025-04-28 09:19
Anaergia secures C$8.6 million change order to expand project scope - Anaergia Technologies LLC secured a change order to expand its project scope with the East County Advanced Water Purification Joint Powers Authority.
- The change order is valued at C$8.6 million and will enhance engineering services and equipment supply for the water purification project.
- This collaboration aims to improve local water supply resilience while reducing energy costs for local ratepayers.
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business 2025-04-12 20:42
Union workers secure new collective agreement at Metro Inc - On April 12, 2025, unionized employees at The Jean Coutu Group's distribution center ratified a new collective agreement.
- The agreement is intended to address the needs of pharmacist owners and improve conditions for employees.
- This collective agreement will help The Jean Coutu Group remain competitive in the current market environment.
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business 2025-04-03 11:49
AtkinsRéalis to announce first quarter earnings on May 15, 2025 - AtkinsRéalis Group Inc. will host a first quarter financial earnings webcast and conference call on May 15, 2025.
- The event aims to discuss financial results and will feature key executives from the company.
- Shareholders are encouraged to participate and engage, emphasizing the company's commitment to transparency and stakeholder interaction.
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technology 2025-03-26 10:44
TELUS Digital launches research hub to drive AI innovation in Brazil - TELUS Digital officially opened the TELUS Digital Research Hub on March 26, 2025, at the University of São Paulo in Brazil.
- The hub focuses on advancing AI through projects targeting small language models, AI security, and enhancing transparency.
- Grant opportunities are available for students to engage in practical AI research, fostering the next generation of AI innovators.
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business 2025-03-21 19:17
Storm Exploration Inc. converts cash payment into shares as it advances gold projects - Storm Exploration Inc. plans to convert a cash payment of $275,000 into shares as part of its acquisition strategy.
- The company aims to advance its exploration efforts on the Miminiska and Keezhik properties, which show high-grade gold potential.
- This strategic decision reflects Storm's commitment to enhancing its asset portfolio in the mining sector.
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business 2025-03-18 00:01
Gold Mountain Mining Corp. changes financial year-end to align with industry standards - Gold Mountain Mining Corp. is changing its financial year-end from January 31 to March 31.
- This change is intended to align the company's financial reporting with industry peers and external obligations.
- The company will file its annual disclosures for the period ending March 31, 2025, by late June 2025.
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politics 2024-12-02 14:01
BCE Inc stands alone as TSX's only oversold stock amid market highs - The S&P/TSX Composite Index rose 0.9 percent during the trading week.
- The index's RSI is currently at 77, indicating overbought conditions.
- Investors are urged to consider the implications of temporary corrections in the market.
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business 2024-11-29 10:00
Canadian stock market thrives despite economic challenges - Canada's economy faces challenges including immigration restrictions and high consumer debt.
- Despite this, the S&P/TSX Composite Index has risen by over 14 percent in the last six months.
- Investors remain optimistic about Canada's economy and stock market despite potential threats.
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business 2024-11-29 04:03
Western Forest Products and United Steelworkers strike tentative deal - Western Forest Products has reached a tentative collective agreement with the United Steelworkers Local 1-1937 which represents about 1,000 employees.
- The tentative agreement is pending ratification by the USW membership and is recommended for acceptance by the bargaining committee.
- The agreement aims to provide business certainty as Western looks to reinvest and transition towards higher value products.
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business 2024-11-25 17:05
Clairvest Group Inc. invests in Redstone Food Group for growth - Clairvest Group Inc. has made a minority equity investment in Redstone Food Group.
- Rob Wheeler, with 35 years of industry expertise, will remain the majority owner of Redstone.
- The partnership aims to leverage growth opportunities in the North American market.
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