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Tag: Earnings

  • Stock news for investors: Big gains for Canada’s banks in Q1

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    Scotiabank reports $2.3B Q1 profit, up from $993M a year earlier

    Bank of Nova Scotia (TSX:BNS)

    Numbers for its first quarter:

    • Profit: $2.30 billion (up from $993 million a year ago)
    • Revenue: $9.65 billion (up from $9.37 billion)

    The Bank of Nova Scotia reported $2.30 billion in first-quarter net income, up from $993 million a year earlier. The bank says the profit amounted to $1.73 per diluted share for the quarter ended Jan. 31, up from 66 cents per diluted share in the same period a year earlier.

    Revenue totalled $9.65 billion, up from $9.37 billion.

    Scotiabank says its provision for credit losses was $1.18 billion for the quarter, up from $1.16 billion a year earlier.

    On an adjusted basis, Scotiabank says it earned $2.05 per diluted share in its latest quarter, up from $1.76 a year earlier.

    The average analyst estimate had been for an adjusted profit of $1.95 per share, according to LSEG Data & Analytics.

    Source Google

      

    EQB reports lower first quarter adjusted net income of $85.2M, raises dividend

    EQB (TSX:EQB)

    Numbers for its first quarter:

    • Profit: $85.2 million (down from $116.2 million a year ago)
    • Revenue: $306.8 million (down from $322.6 million)

    EQB Inc. reported adjusted net income of $85.2 million for the first quarter, down from $116.2 million during the same period a year earlier. On a per-share basis, that amounted to adjusted earnings of $2.26, down from $2.98 a year earlier.    

    The owner of EQ Bank says its adjusted net interest income came in at $263.4 million,  down from $270.6 million in the prior year quarter. 

    EQB says its adjusted revenue was $306.8 million during the period, down year over year from $322.6 million. 

    Chadwick Westlake, the CEO of EQB, says the company is energized to close its acquisition of PC Financial, announced in December of last year, and partner with Loblaw Companies.      

    EQB also raised its dividend by 16% year over year, now sitting at 59 cents per common share.

    Source Google

    National Bank reports $1.25B Q1 profit, up from $997M a year earlier

    National Bank of Canada (TSX:NA)

    Numbers for its fourth quarter:

    • Profit: $1.25 billion (up from $997 million a year ago)
    • Revenue: $3.89 billion (up from $3.18 billion)

    National Bank of Canada reported a first-quarter profit of $1.25 billion, up from $997 million a year earlier, helped by its acquisition of Canadian Western Bank. The bank says the profit amounted to $3.08 per diluted share for the quarter ended Jan. 31, up from $2.78 in the first quarter of 2025.

    Revenue totalled $3.89 billion, up from $3.18 billion a year earlier.

    National Bank’s provision for credit losses amounted to $244 million for the quarter, down from $254 million a year earlier.

    On an adjusted basis, National Bank says it earned $3.25 per diluted share in its latest quarter, up from an adjusted profit of $2.93 a year earlier.

    Analysts on average had expected an adjusted profit of $2.99 per share, according to LSEG Data & Analytics.

    Source Google

    BMO Financial Group reports $2.49B Q1 profit, up from $2.14B a year earlier

    BMO Financial Group (TSX:BMO)

    Numbers for its fourth quarter:

    • Profit: $2.49 billion (up from $2.14 billion a year ago)
    • Revenue: $9.82 billion (up from $9.27 billion)

    BMO Financial Group reported a first-quarter profit of $2.49 billion, up from $2.14 billion a year earlier. The bank says its profit amounted to $3.39 per diluted share for the quarter ended Jan. 31, up from $2.83 per diluted share in the same quarter last year.

    Revenue for the quarter totalled $9.82 billion, up from $9.27 billion a year earlier.

    The bank’s provisions for credit losses for the quarter amounted to $746 million, down from $1.01 billion.

    On an adjusted basis, BMO says it earned $3.48 per diluted share in its latest quarter, up from an adjusted profit of $3.04 per diluted share a year earlier.

    Analysts on average had expected an adjusted profit of $3.20 per share in the quarter, according to LSEG Data & Analytics.

    Source Google

    RBC reports $5.79B first-quarter profit, up from $5.13B a year earlier

    Royal Bank of Canada (TSX:RY)

    Numbers for its fourth quarter:

    • Profit: $5.79 billion (up from $5.13 billion a year ago)
    • Revenue: $17.96 billion (up from $16.74 billion)

    Royal Bank of Canada reported a first-quarter profit of $5.79 billion, up from $5.13 billion a year earlier. The bank says the profit amounted to $4.03 per diluted share for the quarter ended Jan. 31, up from $3.54 per diluted share a year earlier.

    Revenue totalled $17.96 billion, up from $16.74 billion.

    RBC’s provision for credit losses for the quarter amounted to $1.09 billion, up from $1.05 billion a year earlier.

    On an adjusted basis, the bank says it earned $4.08 per diluted share in its latest quarter, up from an adjusted profit of $3.62 per diluted share a year earlier.

    The average analyst estimate had been for an adjusted profit of $3.85 per share, according to LSEG Data & Analytics.

    Source Google

    TD reports $4.04B Q1 profit, up from $2.79B a year earlier

    TD Bank Group (TSX:TD)

    Numbers for its fourth quarter:

    • Profit: $4.04 billion (up from $2.79 billion a year ago)
    • Revenue: $16.59 billion (up from $14.05 billion)

    TD Bank Group reported a first-quarter profit of $4.04 billion, up from $2.79 billion a year earlier. The bank says the profit amounted to $2.34 per diluted share for the quarter ended Jan. 31, up from $1.55 per diluted share last year.

    Revenue totalled $16.59 billion, up from $14.05 billion.

    TD’s provision for credit losses amounted to $1.04 billion, down from $1.21 billion a year ago.

    On an adjusted basis, TD says it earned $2.44 per diluted share in its latest quarter, up from $2.02 per diluted share a year earlier.

    The average analyst estimate had been for a profit of $2.26 per share, according to LSEG Data & Analytics.

    Source Google

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    The Canadian Press

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  • Home Depot tops expectations in the fourth quarter, but customers pull back on spending

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    Home Depot’s fourth-quarter was muted by ongoing caution from American consumers in a weak housing market, but the home improvement retailer topped Wall Street expectations.

    The Atlanta company earned $2.57 billion, or $2.58 per share, for the three months ended Feb. 1. Stripping out one-time charges or benefits, earnings were $2.72 per share, topping analyst projections for per-share earnings of $2.53, according to FactSet.

    A year earlier it earned $3 billion, or $3.02 per share.

    An extra week in fiscal 2024 added approximately 30 cents per share to the year-ago quarter.

    Home Depot’s stock rose more than 3% before the market opened on Tuesday.

    Revenue totaled $38.2 billion, down from $39.7 billion a year earlier. The extra week in the prior-year period added about $2.5 billion of sales.

    Wall Street was looking for revenue of $38.09 billion.

    Sales at stores open at least a year, a key indicator of a retailer’s health, edged up 0.4%. In the U.S., comparable store sales climbed 0.3%.

    Chair and CEO Ted Decker said in a statement that Home Depot’s quarterly results “were largely in-line with our expectations, reflecting the lack of storm activity in the third quarter and ongoing consumer uncertainty and pressure in housing. Adjusting for storms, underlying demand was relatively stable throughout the year.”

    Customer transactions dropped 1.6% in the quarter. The amount shoppers spent rose to $91.28 per average receipt from $89.11 a year earlier.

    Home Depot and other retailers have seen customers cut back on their spending amid concerns about inflation and economic uncertainty.

    U.S. consumer confidence declined sharply in January, hitting the lowest level since 2014 as Americans grow increasingly concerned about their financial prospects.

    The Conference Board said that its consumer confidence index cratered 9.7 points to 84.5 in January, falling below even the lowest readings during the COVID-19 pandemic.

    And sales of previously occupied U.S. homes fell sharply in January as higher home prices and possibly harsh winter weather kept many prospective homebuyers on the sidelines despite easing mortgage rates.

    Existing home sales sank 8.4% last month from December to a seasonally adjusted annual rate of 3.91 million units, according to the National Association of Realtors. That’s the biggest monthly decline in nearly four years and the slowest annualized sales pace in more than two years.

    The U.S. housing market has been in a slump dating back to 2022, the year mortgage rates began climbing from historic lows that fueled a homebuying frenzy at the start of this decade.

    For fiscal 2026, Home Depot anticipates adjusted earnings to be approximately flat to up 4% from fiscal 2025’s $14.69 per share. The company foresees total sales growth of about 2.5% to 4.5% and comparable sales growth to be approximately flat to up 2%.

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  •  Stock news for investors: Mixed Q4 results with big profit gains for Enbridge, Nutrien, and Cenovus

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    It says adjusted earnings came in at 88 cents per share in the fourth quarter, up from 75 cents per share in the same quarter of 2024.

    Analysts on average had expected an adjusted profit of 77 cents per share, according to data compiled by LSEG Data & Analytics.

    The pipeline operator says earnings for 2025 as a whole worked out to $7.1 billion, up from $5.1 billion in 2024.

    Enbridge says it has a secured backlog of $39 billion as it advances numerous projects including expanded natural gas transmission and storage, solar power and added crude export capacity.

    Source Google

      

    Nutrien reports earnings of US$580M in Q4, up from US$118M in the previous year

    Nutrien Ltd. (TSX:NTR)

    Numbers for its fourth quarter:Numbers for its fourth quarter:

    • Profit: $580 million (up from $118 million a year ago)
    • Revenue: $5.34 billion (up from $5.1 billion)

    Nutrien Ltd. says it earned US$580 million during the fourth quarter, up from US$118 million the previous year. That amounted to diluted net earnings per share of US$1.18 during the period ended Dec. 31, up from 23 cents US in the prior-year quarter. 

    The Saskatoon-based company, which keeps its books in U.S. dollars, says its sales totalled US$5.34 billion in the fourth quarter, up year-over-year from US$5.1 billion. 

    Nutrien declared a quarterly dividend of 55 cents US per share, which represents about a one per cent increase from the prior dividend declared in November of last year. 

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    The company also says it approved the purchase of up to five per cent of Nutrien’s issued and outstanding common shares over a 12-month period.   

    Nutrien CEO Ken Seitz says the company expects to build on its momentum in 2026, helped by strong market fundamentals for potash.  

    Source Google

    Teck Resources reports Q4 profit and revenue up from year ago

    Teck Resources Ltd. (TSX:TECK.B)

    Numbers for its fourth quarter:

    • Profit: $544 million (up from $399 million a year ago)
    • Revenue: $3.6 billion (up from $2.79 billion)

    Teck Resources Ltd. reported its fourth-quarter profit and revenue rose compared with a year ago as it worked to complete its merger with Anglo American. The miner says its profit attributable to shareholders amounted to $544 million or $1.11 per diluted share for the quarter ended Dec. 31, up from $399 million or 78 cents per diluted share a year earlier.

    Revenue totalled $3.06 billion, up from $2.79 billion in the fourth quarter of 2024.

    On an adjusted basis, Teck says its profit from continuing operations amounted to $1.37 per diluted share, up from 45 cents per diluted share a year earlier.

    Teck chief executive Jonathan Price says the company continued to make meaningful progress on ramp‑up at its Quebrada Blanca mine, with improving production and tailings management facility development.

    Teck’s deal with Anglo American has received shareholder approval and cleared its Investment Canada Act review by Ottawa. The company says the deal remains subject to customary closing conditions, including regulatory approvals in multiple jurisdictions globally.

    Source Google

    Canadian Tire reports strong holiday season, Q4 revenue up from year earlier

    Canadian Tire Corp. Ltd. (TSX:CTC.A)

    Numbers for its fourth quarter:

    • Profit: $211 million (down from $365.2 million a year ago)
    • Revenue: $4.55 billion (up from $4.20 billion)

    Canadian Tire Corp. Ltd. reported its fourth-quarter revenue rose compared with a year earlier as chief executive Greg Hicks says the retailer had one of the best holiday seasons in recent memory.

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    The Canadian Press

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  • TransAlta (TAC) Projected to Post Earnings on Friday

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    TransAlta (NYSE:TAC – Get Free Report) (TSE:TA) is anticipated to issue its Q4 2025 results before the market opens on Friday, February 27th. Analysts expect TransAlta to post earnings of $0.12 per share for the quarter. Investors can find conference call details on the company’s upcoming Q4 2025 earning report page for the latest details on the call scheduled for Friday, February 27, 2026 at 11:00 AM ET.

    TransAlta Stock Performance

    Shares of NYSE TAC opened at $13.49 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.71 and a debt-to-equity ratio of 5.22. The stock has a 50 day moving average of $12.90 and a 200-day moving average of $13.73. TransAlta has a 12 month low of $7.82 and a 12 month high of $17.88. The company has a market capitalization of $4.00 billion, a P/E ratio of -28.09 and a beta of 0.78.

    TransAlta Announces Dividend

    The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 1st will be paid a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Friday, February 27th. TransAlta’s dividend payout ratio (DPR) is presently -39.58%.

    Institutional Inflows and Outflows

    A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in TransAlta in the 4th quarter worth $37,000. Ritter Alpha LP bought a new position in shares of TransAlta during the 4th quarter valued at $131,000. Orion Porfolio Solutions LLC bought a new stake in TransAlta during the 2nd quarter valued at approximately $159,000. Public Sector Pension Investment Board bought a new position in shares of TransAlta during the 4th quarter worth about $194,000. Finally, Russell Investments Group Ltd. increased its stake in shares of TransAlta by 339.6% in the fourth quarter. Russell Investments Group Ltd. now owns 22,862 shares of the utilities provider’s stock valued at $290,000 after buying an additional 17,661 shares in the last quarter. Hedge funds and other institutional investors own 59.00% of the company’s stock.

    Analyst Upgrades and Downgrades

    A number of brokerages have weighed in on TAC. Weiss Ratings reiterated a “sell (d+)” rating on shares of TransAlta in a report on Wednesday, January 21st. Zacks Research raised shares of TransAlta from a “strong sell” rating to a “hold” rating in a research report on Friday, December 5th. Royal Bank Of Canada restated an “outperform” rating on shares of TransAlta in a research report on Monday, November 10th. National Bank Financial cut shares of TransAlta from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, TD Securities reaffirmed a “buy” rating on shares of TransAlta in a research note on Wednesday, December 10th. Five equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.00.

    Read Our Latest Stock Analysis on TAC

    TransAlta Company Profile

    (Get Free Report)

    TransAlta Corporation, originally founded in 1909 as Calgary Power Company Ltd., is a publicly traded energy company specializing in the development, ownership and operation of power generation and transmission assets. Headquartered in Calgary, Alberta, TransAlta has grown from its early hydroelectric roots into a diversified energy provider with a multi-fuel generating fleet.

    The company’s core business activities encompass power generation, asset management and energy trading services.

    Further Reading

    Earnings History for TransAlta (NYSE:TAC)



    Receive News & Ratings for TransAlta Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for TransAlta and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Stock news for investors: Q4 results from Manulife, Sun Life, Air Canada, and more

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    On a per share basis, its earnings for the quarter amounted to 83 cents, down about 6% year-over-year from 88 cents. 

    The insurer says adjusted earnings, or what it calls core earnings, came in at $2 billion during the fourth quarter, rising 5% from $1.9 billion a year earlier. Core earnings for Manulife’s Asia segment came in at US$564 million during the period, while core earnings for its Canada segment came in at $413 million. Both results were slightly better than a year earlier. 

    Manulife CEO Phil Witherington says 2025 was a defining year for the company as it achieved record core earnings.   

    Source Google

    Sun Life Financial reports $722M Q4 profit, up from $237M last year

    Sun Life Financial Inc. (TSX:SLF)

    Numbers for its fourth quarter:

    • Profit: $722 million (up from $237 a year ago)

    Sun Life Financial Inc. says it earned $722 million in net income during the fourth quarter. That compares with a profit of $237 in the same quarter a year ago, when the Toronto-based insurer took a $186 million writedown and had lower-than-expected investment income

    Earnings for the period ended Dec. 31 worked out to $1.96 per share, up from $1.68 during the prior year quarter. 

    Underlying net income for its asset management and wealth business came in at $534 million, while underlying net income for its health and protection business came in at $308 million.

    The Toronto-based insurer says assets under management totalled $1.6 billion during the period, up from $1.54 billion during the same period a year earlier.   

    Sun Life CEO Kevin Strain says in a news release that the company saw robust earnings and sales in Asia and solid wealth sales in Canada. 

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    Source Google

    Cineplex reports $369,000 Q4 profit down from $3.3 million a year earlier

    Cineplex Inc. (TSX:CGX)

    Numbers for its fourth quarter:

    • Profit: $369,000 (down from $3.3 million a year ago)
    • Revenue: $334.8 million (down from $340.9 million)

    Cineplex Inc. reported a fourth-quarter profit of $369,000, down from $3.3 million a year earlier, as its revenue also edged lower. The movie theatre company says the profit amounted to a penny per diluted share for the quarter ended Dec. 31 compared with a profit of five cents per diluted share in the fourth quarter of 2024.

    Revenue totalled $334.8 million for the quarter, down from $340.9 million a year earlier, while theatre attendance totalled 10.1 million, down from 11.1 million. Box office revenue per patron was $13.87, up from $13.26 a year earlier, while concession revenue per patron rose to $9.92, up from $9.41 in the last three months of 2024.

    Cineplex also announced the retirement of Robert Bruce from its board of directors. The company says former Scotiabank executive Sean McGuckin will replace Bruce on the board.

    Source Google

    Air Canada reports Q4 profit of $296 million, up from last year

    Air Canada (TSX:AC)

    Numbers for its fourth quarter:

    • Profit: $296 million (up from loss of $644 million a year ago)

    Air Canada reported $296 million in net income during its fourth quarter, up from a loss of $644 million during the same period a year earlier. Its diluted earnings per share amounted to $1 during the period, compared with a loss per share of $1.81 last year. 

    The Montreal-based airline says its operating revenue came in at a record $5.8 billion during the period ended Dec. 31, up year-over-year from $5.4 billion. 

    Michael Rousseau, Air Canada’s CEO, says the company’s results came amid shifting demand trends as well as continued macroeconomic and geopolitical uncertainty. 

    On Wednesday, Air Canada announced the acquisition of eight Airbus A350-1000 wide-body aircraft with rights to purchase another eight planes. 

    The airline moved to suspend flights to Cuba earlier this month due to a fuel shortage in the Caribbean country.  

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    The Canadian Press

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  • Stock news: Dividend hikes, earnings results, and what moved Canadian stocks this week – MoneySense

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    Adjusted operating earnings, which Suncor considers a better gauge of its underlying performance because it filters out the effects of unusual items, were $1.33 billion, or $1.10 per share. That’s a drop from the prior-year quarter, when Suncor had adjusted operating earnings of $1.57 billion, or $1.25 per share. 

    Operating revenues, net of royalties, were $12.04 billion for the period, down from $12.53 billion. Total upstream production was a record 909,000 barrels per day, up from 875,000 in the same 2024 period.

    Source Google

    ATS reports third-quarter profit and revenue up from year ago

    ATS Corp. reported third-quarter net income of $30.0 million, up from $6.5 million a year ago as its revenue rose nearly 17%. The maker of automation systems says the profit amounted to 30 cents per diluted share for the quarter ended Dec. 28 compared with a profit of seven cents per diluted share a year earlier.

    On an adjusted basis, ATS says it earned 48 cents per share in its latest quarter, up from an adjusted profit of 32 cents per share a year earlier.

    Revenue for the quarter totalled $760.7 million, up from $652.0 million.

    ATS chief executive Doug Wright says the results reflected solid organic revenue growth across its portfolio, including continued momentum in services. 

    The company’s order backlog stood at $2.05 billion at the end of its most recent quarter, compared with $2.06 billion a year earlier.

    Source Google

    Brookfield Asset Management reports US$615M Q4 profit, raises dividend

    CGI Inc. reported a first-quarter profit of $442.0 million, up from $438.6 million a year earlier, as its revenue rose nearly 8%. The business and technology consulting firm says the profit amounted to  $2.03 per diluted share for the quarter ended Dec. 31, up from $1.92 per diluted share a year earlier.

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    Revenue for the three-month period totalled $4.08 billion, up from $3.79 billion. On an adjusted basis, CGI says it earned $2.12 per diluted share in its most recent quarter, up from $1.97 per diluted share a year earlier.

    Earlier this week, CGI announced a collaboration deal with OpenAI that will see it expand the use of artificial intelligence across its business and help clients adopt it in their operations.

    CGI has 94,000 consultants and professionals across the globe that provide business and technology consulting services.

    Source Google

    Thomson Reuters reports US$332M Q4 profit, raises quarterly dividend 10%

    Thomson Reuters raised its dividend by 10% as it reported a fourth-quarter profit of US$332 million, down from US$587 million a year earlier.

    The company says it will pay a quarterly dividend of 65.5 US cents per share, up from 59.5 cents US per share. The increased payment came as Thomson Reuters says its fourth-quarter profit amounted to 74 cents US per diluted share for the quarter ended Dec. 31, down from US$1.30 per diluted share a year earlier.

    Revenue totalled US$2.01 billion, up from US$1.91 billion in the fourth quarter of 2024. On an adjusted basis, Thomson Reuters says it earned US$1.07 per share in its latest quarter, up from an adjusted profit of US$1.01 per share a year earlier.

    The average analyst estimate had been for an adjusted profit of US$1.06 per share, according to data compiled by LSEG Data & Analytics.

    Source Google

    BCE reports $594M Q4 profit attributable to shareholders, Crave subscriptions up 26%

    BCE Inc. reported a fourth-quarter profit attributable to common shareholders of $594 million as its revenue edged lower compared with a year ago. The company says the profit amounted to 64 cents per share for the quarter, compared with a profit of $461 million or 51 cents per share a year earlier.

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    The Canadian Press

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  • Sony Pictures Revenue Dips 12% In Fiscal Q3 Amid Sony Group Gains

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    Sony Pictures Entertainment reported $2.3 billion in revenues for its fiscal third quarter, down 12% year over year. Operating income during the three months ending in December was $197 million, off 11%.

    The news came Wednesday when parent Sony Group reported a 22% growth in profits during the quarter helped in part by its music, gaming and imaging divisions. Sales grew 1%. The Tokyo-based conglom also raised its outlook for its fiscal year that ends in March.

    SPE in the year-ago quarter benefited from the theatrical success of Columbia Pictures’ Venom: The Last Dance, which grossed $478M at the worldwide box office. The best performing theatrical release of the most recent quarter was Sony/Crunchyroll’s Chainsaw Man – The Movie: Reze Arc, which grossed $117M globally through December 31.

    Its operating income loss during Q3 was due the decrease in sales, offset by lower marketing costs for theatrical releases, the company said.

    The division kept its full-year guidance steady.

    Crunchyroll previously helped SPE in the second quarter ending last September, when Demon Slayer: Kimetsu no Yaiba Infinity Castle grossed an outsized $312M of its eventual $730M global gross.

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    Patrick Hipes

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  • Exxon Mobil reports strong quarterly profit on solid production at home and abroad

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    Exxon Mobil’s topped most expectations in the fourth quarter as the energy giant reported solid production in the Permian Basin and Guyana.

    For the three months ended Dec. 31, Exxon earned $6.5 billion, or $1.53 per share. It earned $7.61 billion, or $1.72 per share, a year earlier.

    Excluding one time charges and benefits earnings were $1.71 per share, topping the $1.68 per share that Wall Street was calling for, according to a poll by Zacks Investment Research. Exxon does not adjust its reported results based on one-time events such as asset sales.

    Revenue totaled $82.31 billion, which was below the $83.18 billion that analysts expected.

    Fourth-quarter net production was 5 million oil-equivalent barrels per day. That’s up slightly from 4.7 million oil-equivalent barrels per day in the third quarter. The quarterly performance included 1.8 million oil-equivalent barrels per day in the Permian and Guyana approaching 875,000 gross barrels per day.

    Exxon’s stock dropped more than 2% before the market opened Friday.

    Earlier this month President Donald Trump said that he is “inclined” to keep Exxon Mobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicolás Maduro.

    Getting U.S. oil companies to invest in Venezuela and help rebuild the country’s infrastructure is a top priority of the Trump administration after Maduro’s capture.

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  • Stock news for investors: Rogers sees revenue gain, lifted by Blue Jays’ playoff success – MoneySense

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    The cable and wireless company, which also owns the baseball team, says it earned a profit attributable to shareholders of $743 million or $1.37 per diluted share for the quarter ended Dec. 31. The result was up from a profit of $558 million or $1.02 per diluted share in the last three months of 2024. On an adjusted basis, Rogers says it earned $1.51 per diluted share in its latest quarter, up from an adjusted profit of $1.46 per diluted share a year earlier.

    Revenue totalled $6.17 billion, up from $5.48 billion in the same quarter as year earlier. The increase came as media revenue at Rogers, which includes the Jays, rose to $1.24 billion for the quarter, up from $547 million a year earlier. Wireless revenue for the quarter totalled $2.97 billion, compared with $2.98 billion a year earlier, while cable revenue held steady at $1.98 billion.

    The Jays took the Los Angeles Dodgers to extra innings of Game 7 before losing the baseball championship.

    Source Google

    CPKC profits fall in fourth quarter despite revenue gain from grain, container cargo

    CPKC (TSX:CP)

    Numbers for its fourth quarter:

    • Profit: $1.08 billion (down from $1.20 billion a year ago)
    • Revenue: $3.92 billion (up from $3.87 billion)

    Canadian Pacific Kansas City Ltd. says profits fell 10% in its latest quarter, despite an uptick in revenues that capped off a year of solid earnings growth. CPKC says net income declined to $1.08 billion in the quarter ended Dec. 31 from $1.20 billion in the same period a year earlier.

    The Calgary-based railway says fourth-quarter revenues rose 1% to $3.92 billion from $3.87 billion the year before amid a 3% boost in grain and container revenue.

    It says core adjusted diluted earnings rose 3% to $1.33 per share from $1.29 per share.

    For the full year, CPKC says net income jumped 11% to $4.14 billion and revenues climbed almost 4% to $15.08 billion.

    For 2026, the company is predicting low double-digit growth in core adjusted diluted earnings per share, volume growth in the mid-single digits and a 15% reduction in capital expenditures to $2.65 billion.

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    Source Google

    Business and tech consulting firm CGI reports Q1 profit and revenue up from year ago

    CGI Inc. (TSX:GIB.A)

    Numbers for its first quarter:

    • Profit: $442 million (up from $438.6 million a year ago)
    • Revenue: $4.08 billion (up from $3.79 billion)

    CGI Inc. reported a first-quarter profit of $442.0 million, up from $438.6 million a year earlier, as its revenue rose nearly 8%. The business and technology consulting firm says the profit amounted to  $2.03 per diluted share for the quarter ended Dec. 31, up from $1.92 per diluted share a year earlier.

    Revenue for the three-month period totalled $4.08 billion, up from $3.79 billion. On an adjusted basis, CGI says it earned $2.12 per diluted share in its most recent quarter, up from $1.97 per diluted share a year earlier.

    Earlier this week, CGI announced a collaboration deal with OpenAI that will see it expand the use of artificial intelligence across its business and help clients adopt it in their operations.

    CGI has 94,000 consultants and professionals across the globe that provide business and technology consulting services.

    Source Google

    Cascades selling packaging plant to Crown Paper Group in a deal worth $65.5M

    Cascades Inc. has agreed to sell a packaging plant to Crown Paper Group, located in Richmond, B.C.

    The transaction is valued at $65.5 million, including real estate assets, and is expected to close in the coming days, subject to closing conditions. Cascades says the plant offered limited integration within its operational network due to its geographic position. 

    Hugues Simon, the Cascades CEO, says in a news release that the move comes amid a commitment from the company to improve its profitability and optimize operations. The transaction comes after Cascades signed a deal to sell a flexible packaging plant to Texas-based Five Star Holding for $31 million.

    Cascades makes cardboard packaging, toilet paper, paper towels and other products.

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  • Stock news for investors: Groupe Dynamite reports strong Q4, adjusts 2025 outlook – MoneySense

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    The retailer behind the Garage and Dynamite banners says based on the result it now expects comparable store sales growth for its 2025 financial year to be in a range of 26.5% to 27.0%. The new guidance for the year ended Jan. 31 compared with earlier expectations for between 25.5% and 27.5%.

    Groupe Dynamite also raised the lower end of its adjusted earnings before interest, taxes, depreciation and amortization margin for its 2025 financial year. The retailer now expects its adjusted EBITDA margin to come in between 36% and 37% compared with earlier expectations for between 35% and 37%.

    Capital spending for the year is expected to be in a range of $80 million to $90 million for the year, down from a range of $85 million to $95 million, mainly reflecting payments timing.

    Source Google

    Lululemon says it expects Q4 sales and EPS to be at high end of guidance

    Lululemon Athletica Inc. says it expects its net revenue and diluted earnings per share for its fourth quarter to come in at the high end of its guidance for the period. Chief financial officer Meghan Frank says the update is based on the company’s performance over the holiday season.

    The retailer had previously guided for revenue in a range of US$3.500 billion to US$3.585 billion and diluted earnings per share between US$4.66 and US$4.76 for the fourth quarter.

    The company made no changes to its guidance for gross margin, selling, general and administrative expenses, or the effective tax rate.

    The results come as Lululemon CEO Calvin McDonald prepares to step down from his role effective Jan. 31. Founder Chip Wilson, who has been critical of the company, has nominated three director candidates for Lululemon’s board, saying the search for McDonald’s replacement should be led by new, independent directors.

    Gold miner Kinross going ahead with three organic growth projects in U.S.

    Kinross Gold Corp. says it is going ahead with the construction of three organic growth projects in the U.S. that will cost a total of nearly US$1.4 billion. The company says the initial capital costs of its Round Mountain Phase X project in Nevada are expected to total US$400 million over four years, while the Bald Mountain Redbird 2 project in the state is expected to cost US$490 million over three years. The Kettle River-Curlew project in Washington is expected to cost US$485 million over three years.

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    Kinross says the projects are expected to meaningfully extend mine life and will benefit long-term costs within its U.S. portfolio.

    Chief executive Paul Rollinson says the new growth projects are expected to contribute three million ounces of life-of-mine production to its portfolio. The company says it intends to fund the projects from operating cash flows.

    Source Google

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  • Nike CEO Elliot Hill’s Turnaround Plan Hits a Roadblock In China

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    Elliot Hill took over as Nike’s CEO in October 2024. Photo by Tom Hauck/Getty Images

    Elliott Hill, a longtime Nike executive, came out of retirement last year to take the helm of the footwear giant. So far, his turnaround plan is showing progress—at least in most markets. Even as the company posts solid global results, its grip on China continues to weaken.

    Hill’s renewed focus on product innovation and a return to Nike’s sporting roots helped the company beat Wall Street expectations on both revenue and profit for the second quarter of fiscal 2026. Total sales reached $12.4 billion for the September-November period, up 1 percent year over year, though net income fell 32 percent to $800 million.

    Still, Nike’s stock sank more than 10 percent on Dec. 19 as investors zeroed in on persistent weakness in China. Sales in the region dropped 17 percent to $1.4 billion, marking the sixth consecutive quarter of declining revenue there.

    “We see China as a big opportunity,” said Hill during Nike’s earnings call yesterday (Dec. 18). “With that said, it’s clear that we need to reset our approach.”

    Nike’s once-dominant sneaker business has stumbled in recent years amid an overreliance on lifestyle franchises. The company needed new leadership to regain momentum in specialized sports categories such as running. Hill, who spent more than three decades at Nike before retiring in 2020, was tapped for the role last October.

    Nike’s ‘Win Now’ turnaround plan

    Under a reorganization Hill has dubbed “Win Now,” Nike has reshuffled leadership roles to streamline operations and reduce management layers. The strategy centers on reclaiming authority in sports performance by emphasizing products designed for running, basketball and football, while pulling back from oversaturated lifestyle staples such as the Air Force 1 and Dunk.

    The approach is already delivering gains, particularly in North America, where sales jumped 9 percent in the most recent quarter to $5.6 billion. “I’d say we’re in the middle innings of our comeback,” said Hill.

    China, however, remains a major obstacle. Efforts to roll out “Win Now” initiatives in key cities like Beijing and China—ranging from upgraded in-store presentations to stronger product storytelling—have struggled amid declining foot traffic and elevated levels of aging inventory. “What we’ve done is a start, but it’s not happening at the level or the pace we need to drive wider change,” said Hill.

    Looking ahead, Nike plans to tailor its strategy to China’s increasingly digital-first retail environment. As the company ramps up investment in the region, executives also stressed the need to improve store fleets within China’s “monobrand footprint,” where single-brand stores dominate over third-party retailers.

    At the same time, Nike is balancing market-specific challenges with the effects of tariffs. The company, which manufactures much of its footwear and apparel in Vietnam, Indonesia, Cambodia and China, has also been forced to absorb costs and raise prices due to levies on imports. Nike is facing a $1.5 billion tariff hit for the year in what Hill described as a “significant headwind.”

    Nike CEO Elliot Hill’s Turnaround Plan Hits a Roadblock In China

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  • Stock news for investors: Canopy Growth to acquire MTL Cannabis in $125-million deal – MoneySense

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    Canopy Growth chief executive Luc Mongeau says MTL’s cultivation expertise, combined with his company’s scale, positions it to improve product quality, expand supply and accelerate its path to profitable growth.

    Under the terms of the agreement, MTL shareholders will receive 0.32 of a common share of Canopy Growth and 14.4 cents in cash for each MTL share they hold. Canopy shares closed at $2.40 on the Toronto Stock Exchange on Friday.

    The deal requires regulatory and MTL shareholder approval. Closing of the transaction is expected to occur before the end of February.

    Source Google

    BlackBerry reports Q3 profit of US$13.7M, up from a loss a year ago

    BlackBerry (TSX:BB)

    Numbers for its third quarter of 2025:

    • Profit: $13.7 million (up from loss of $10.5 million a year ago)
    • Revenue: $141.8 million (down from $143.6 million)

    BlackBerry Ltd. reported a third-quarter profit of US$13.7 million, up from a loss of US$10.5 million during the same period a year earlier. The Waterloo-based software company, which keeps its books in U.S. dollars, said Thursday that its earnings per share came in at two cents US, flat compared with the prior year quarter. 

    BlackBerry says its revenue reached US$141.8 million for the period ended Nov. 30, down from US$143.6 million during the third quarter last year. 

    John Giamatteo, BlackBerry CEO, says in a press release that the company’s QNX segment reached an all-time high for revenue. QNX segment revenue came in at US$68.7 million, rising 10 per cent from US$62.3 million a year earlier. 

    Giamatteo says the company’s higher-than-expected overall revenue, coupled with ongoing cost discipline efforts, helped it achieve its strongest profitability in nearly four years during the quarter.

    Source Google

    Transat A.T. reports $12.5M Q4 loss compared with $41.2M profit a year ago

    Transat A.T. (TSX:TRZ)

    Numbers for its fourth quarter of 2025:

    • Loss: $12.5 million (down from profit of $41.2 million a year ago)
    • Revenue: $771.6 million (down from $788.8 million)

    Travel company Transat A.T. Inc. reported a loss of $12.5 million in its latest quarter compared with a profit of $41.2 million in the same quarter last year. The company says the loss amounted to 52 cents per diluted share for the quarter ended Oct. 31 compared with a profit of $1.05 per diluted share a year earlier.

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    Revenue in what was Transat’s fourth quarter totalled $771.6 million, down from $788.8 million a year ago when it benefited from compensation related to Pratt & Whitney GTF engine issues. Excluding the impact of this lower compensation, Transat says revenue increased by 1.5 per cent compared with a year ago.

    On an adjusted basis, Transat says it lost 42 cents per share in its latest quarter compared with an adjusted profit of 81 cents per share in the same quarter last year.

    Last week, Transat narrowly avoided a costly work stoppage when it reached a new tentative contract with its pilots.

    Source Google

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  • News for investors: Barrick settles Mali dispute and Couche-Tard profit climbs – MoneySense

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    A judge in Mali ordered in June that Barrick’s Loulo-Gounkoto gold complex be placed under provisional administration for six months. 

    Under the deal announced Monday, Barrick says all charges brought against the company, its affiliates, and employees will be dropped and steps for the release of the four detained Barrick employees will be undertaken. It also says that the provisional administration of the Loulo-Gounkoto complex will be terminated and operational control will be handed back to the company. 

    Barrick says its subsidiaries will withdraw the arbitration claims pending before the International Centre for Settlement of Investment Disputes.

    Source Google

    Alimentation Couche-Tard earns US$740.6M in Q2, rising from the previous year

    Alimentation Couche-Tard Inc. (TSX:CTD)

    Numbers for its second quarter:

    • Profit: $740.6 million (up from $708.8 million a year ago)
    • Sales: $17.9 billion (up from $17.4 billion)

    Alimentation Couche-Tard Inc. says its net earnings attributable to shareholders came in at US$740.6 million during the second quarter, compared with US$708.8 million for the same period a year earlier. This amounted to 79 cents US per share in net earnings attributable to shareholders, rising from 75 cents US during the prior year quarter.  

    The Laval, Que.-based company, which keeps its books in U.S. dollars, says its revenue amounted to US$17.9 billion during the period ended Oct. 12, up 2.6% year-over-year from US$17.4 billion. 

    Total merchandise and service revenues came in at US$4.7 billion during the second quarter, rising 6.6% from the same period a year earlier. 

    Couche-Tard CEO Alex Miller says the company reported same-store sales growth across all of its geographies for the second straight quarter. 

    Filipe Da Silva, Couche-Tard’s chief financial officer, says in a press release that the company bought back nearly US$900 million of its shares during the quarter. 

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    Blue Ant Media Group signs deal to buy Thunderbird Entertainment for $89 million

    Blue Ant Media Corp. has signed a stock-and-cash agreement worth $89 million to buy Thunderbird Entertainment Group Inc. Blue Ant chief executive Michael MacMillan says the acquisition of Thunderbird is expected to add scale and complementary capabilities that strengthen Blue Ant’s studio business and enhance its earnings and cash flow.

    Vancouver-based Thunderbird’s production businesses include Atomic Cartoons and Great Pacific Media.

    Under the deal, Thunderbird shareholders will have the option to receive 0.2165 of a Blue Ant subordinate voting share, $1.77 in cash or a combination both for each Thunderbird share they hold. The maximum amount of cash available under the offer is limited to $40 million.

    The deal, which requires shareholder approval, is also subject to customary closing conditions including court and regulatory approvals. The transaction is expected to close in the first quarter of 2026.

    Source: Google
    Source: Google

    Brookfield and GIC make offer for Australia’s National Storage REIT

    Canada’s Brookfield and Singaporean sovereign wealth fund GIC have made a takeover offer for National Storage REIT, an Australian self-storage company, valued at about A$4 billion or the equivalent of roughly C$3.7 billion.

    National Storage confirmed it has received an unsolicited, non-binding, indicative and conditional proposal. The company has about 94,500 residential and commercial customers at more than 270 storage centres across Australia and New Zealand.

    Under terms of the offer, National Storage securityholders would receive A$2.86 cash per stapled security. 

    The offer is being made on the basis that a dividend or distribution of six Australian cents may be paid, in which case, the cash payable per stapled security will be reduced by the same amount.

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  • Futures Rise With Market Above Key Level; What To Do

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    Dow Jones futures rose slightly early Wednesday, along with S&P 500 futures and Nasdaq futures. The stock market rally had a strong Tuesday, with the major indexes and small-cap Russell 2000 regaining their 50-day moving averages, shrugging off weakness in Nvidia (NVDA) and Advanced Micro Devices (AMD). The 10-year Treasury yield fell to the key 4% level as weak economic…

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  • Kohl’s promotes interim CEO and 30-year retail veteran Bender to be permanent chief

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    Kohl’s has named its fourth CEO in as many years, attempting to staunch an extended sales slide.

    The company named Michael Bender as its permanent CEO Monday, nearly seven months after he took over on an interim basis.

    Bender replaced Ashley Buchanan who was fired in May after an internal investigation found that he had directed the company to do business with a vendor founded by someone with whom he had a personal relationship.

    “Over the past several months as interim CEO, Michael has proven to be an exceptional leader for Kohl’s – progressively improving results, driving short and long-term strategy, and positively impacting cultural change,” Chairman John Schlifske said in prepared remarks.

    The board conducted a comprehensive search using an external firm, Schlifsk said, before it “enthusiastically and unanimously appointed Michael as CEO.”

    Bender is a retail veteran with 30 years of experience at retailers from Walmart to PepsiCo.

    Retail earnings continue to roll out in what has become a volatile period for retailers who are trying to win over customers stung by inflationand a weakening U.S. jobs market, while simultaneously navigating an erratic U.S. trade policy.

    Annual sales at Kohl’s have fallen for several years and it’s struggled to find a way to grow profits.

    Kohl’s releases its third-quarter earnings results Tuesday.

    Shares of Kohl’s Corp., based in Menomonee Falls, Wisconsin, were unchanged Monday.

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  • Rheinmetall Turns to Former Auto Workers to Fuel Hiring Spree

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    Germany’s largest arms manufacturer, Rheinmetall RHM -3.85%decrease; red down pointing triangle, expects its sales will be five times as much as they were last year by the end of the decade. A big factor underpinning its confidence—it is being flooded by job applications.

    The company is now looking to draw from a pool of workers laid off by the car industry and other big employers to fill the roles needed for its expansion plans, its head of human resources operations said.

    Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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    Cristina Gallardo

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  • Nvidia CEO says the company is in a no-win situation amid AI-bubble chatter, leaked meeting reveals | Fortune

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    Nvidia CEO Jensen Huang told employees this week that the company has been pushed into a no-win situation by mounting fears of an AI bubble, even as it continues to post blockbuster results, according to audio of an internal all-hands meeting reviewed by Business Insider.

    “The market did not appreciate our incredible quarter,” Huang said on Thursday, less than 24 hours after Nvidia reported another set of record earnings and said it had “visibility” into half a trillion dollars of revenue lined up for the rest of 2025 and 2026.

    Instead of rewarding the beat, investors delivered a shocking reversal that saw shares briefly rising Thursday before turning lower, dragging down the broader AI trade by the end of the session.

    Huang said expectations around Nvidia have become so extreme that Wall Street now sees danger in both directions.

    “If we delivered a bad quarter, it is evidence there’s an AI bubble. If we delivered a great quarter, we are fueling the AI bubble,” he told employees. “If we were off by just a hair, if it looked even a little bit creaky, the whole world would’ve fallen apart.”

    The comments offer a rare glimpse into how the face of the AI boom views the growing backlash to it, and how closely he is watching the market’s whiplash response.

    A blowout quarter that spooked investors

    On paper, Nvidia gave investors about everything they had asked for. The chipmaker reported another surge in sales of its data-center processors, the workhorses that power large AI models (and Nvidia’s revenues), and raised its guidance for the current quarter. It was the kind of performance expected to kick off another six-month rally, investors were saying. 

    Instead, the stock’s initial jump gave way to a broad selloff. Nvidia climbed as much as 5% early in Thursday’s session before closing down roughly 3%, as traders rotated out of the Big Tech names most closely associated with the AI boom. 

    The reversal extended what has become a bruising stretch for the so-called AI trade. After months of a breathless rally, investors are increasingly anxious that tech giants are spending too aggressively on data centers, GPUs, and networking gear, with no guarantee they can earn enough revenue to get those investments back. Some are also focusing on the complex, debt-heavy financing structures behind the AI infrastructure build-out, with credit markets starting to flash early warning signs.

    Layered on top of that are fresh macro jitters. A shutdown-delayed U.S. jobs report, released the same morning, showed stronger-than-expected hiring in September, but a higher unemployment rate; this conflicting data did little to clarify whether the Federal Reserve will cut interest rates in December.

    Some investors are closely watching different statements from Fed presidents to try to read the tea leaves, but with the earnings season winding down and no obvious catalyst between now and the Fed’s next decision, it appears that many other investors are using the volatility to lock in profits from the year’s earlier rally—and get out of the market.

    “The broader narrative hasn’t broken; it’s simply being tested right now,” Mark Hackett at Nationwide told Bloomberg. “Periods like this often act as a release valve rather than signaling a true trend reversal.” 

    ‘We’re basically holding the planet together’

    Inside Nvidia, Huang suggested no one should be surprised that investors are jumpy when so much of the AI story is being projected onto a single company.

    He referenced online memes that jokingly describe Nvidia as the linchpin of the global economy and the only thing standing between the U.S. and recession.

    “Have you guys seen some of them?” he asked employees. “We’re basically holding the planet together—and it’s not untrue.”

    That level of mythos has helped propel Nvidia’s market value into the stratosphere, making it the world’s most valuable public company. But Huang made clear that it has also turned every earnings day into a high-wire act.

    “The expectations are so high that if we miss by just a little bit, people think the whole story is broken,” he said.

    Still, Huang pushed back on the idea that Nvidia is responsible for the frothier parts of the AI trade. The company’s job, he emphasized, is to build the compute infrastructure others need, not to police how the market prices demand.

    Joking about losing $500 billion

    Amid the pressure, Huang kept the meeting light with whistling-past-the-graveyard-esque humor about Nvidia’s wild swings.

    He joked about the “good old days” when the company had a $5 trillion market capitalization, a playful exaggeration of its actual peak valuation—before noting just how much value has evaporated in recent weeks.

    “Nobody in history has ever lost $500 billion in a few weeks,” he said. “You’ve got to be worth a lot to lose $500 billion in a few weeks.”

    Huang told employees he was “delighted” by the quarter and proud of their work, stressing the company’s underlying business remains strong even if markets are punishing them for it.

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  • News for investors: Nvidia smashes Q3 expectations as AI frenzy continues – MoneySense

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    The results announced late Wednesday provided a pulse check on the frenzied spending on AI technology that has been fueling both the stock market and much of the overall economy since OpenAI released its ChatGPT three years ago.

    Nvidia has been by far the biggest beneficiary of the run-up because its processors have become indispensable for building the AI factories that are needed to enable what’s supposed to be the most dramatic shift in technology since Apple released the iPhone in 2007. But in the past few weeks, there has been a rising tide of sentiment that the high expectations for AI may have become far too frothy, setting the stage for a jarring comedown that could be just as dramatic as the ascent that transformed Nvidia from a company worth less than $400 billion three years ago to one worth $4.5 trillion at the end of Wednesday’s trading.

    Nvidia’s report for its fiscal third quarter covering the August-October period elicited a sigh of relief among those fretting about a worst-case scenario and could help reverse the recent downturn in the stock market. 

    “The market should belt out a heavy sigh, given the skittishness we have been experiencing,” said Sean O’Hara, president of the investment firm Pacer ETFs.

    The company’s stock price gained more than 5% in Wednesday’s extended trading after the numbers came out. If the shares trade similarly Thursday, it could result in a one-day gain of about $230 billion in stockholder wealth.

    Nvidia earned $31.9 billion, or $1.30 per share, a 65% increase from the same time last year, while revenue climbed 62% to $57 billion. Analysts polled by FactSet Research had forecast earnings of $1.26 per share on revenue of $54.9 billion. What’s more, the Santa Clara, California, company predicted its revenue for the current quarter covering November-January will come in at about $65 billion, nearly $3 billion above analysts’ projections, in an indication that demand for its AI chips remains feverish.

    The incoming orders for Nvidia’s top-of-the-line Blackwell chip are “off the charts,” Nvidia CEO Jensen Huang said in a prepared statement that described the current market conditions as “a virtuous cycle.” In a conference call, Nvidia Chief Financial Officer Collette Kress said that by the end of next year the company will have sold about $500 billion in chips designed for AI factories within a 24-month span Kress also predicts trillions of dollars more will be spent by the end of the 2020s.

    In a conference call preamble that has become like a State of the AI Market address, Huang seized the moment to push back against the skeptics who doubt his thesis that technology is at tipping point that will transform the world. “There’s been a lot of talk about an AI bubble. From our vantage point, we see something very different,” Huang insisted while celebrating “depth and breadth” of Nvidia’s growth.

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    The upbeat results, optimistic commentary and ensuring reaction reflects the pivotal role that Nvidia is playing in the future direction of the economy — a position that Huang has leveraged to forge close ties with President Donald Trump, even as the White House wages a trade war that has inhibited the company’s ability to sell its chips in China’s fertile market.

    Trump is increasingly counting on the tech sector and the development of artificial intelligence to deliver on his economic agenda. For all of Trump’s claims that his tariffs are generating new investments, much of that foreign capital is going to data centers for AI’s computing demands or the power facilities needed to run those data centers.

    “Saying this is the most important stock in the world is an understatement,” Jay Woods, chief market strategist of investment bank Freedom Capital Markets, said of Nvidia.

    The boom has been a boon for more than just Nvidia, which became the first company to eclipse a market value of $5 trillion a few weeks ago, before the recent bubble worries resulted in a more than 10% decline. As OpenAI and other Big Tech powerhouses snap up Nvidia’s chips to build their AI factories and invest in other services connected to the technology, their fortunes have also been soaring. Apple, Microsoft, Google parent Alphabet Inc. and Amazon all boast market values in the $2 trillion to $4 trillion range.

    Source Google

    Freezer issue dents Metro’s bottom line in Q4, says costs to continue into Q1

    Metro Inc. (TSX:MRU)

    Numbers for its fourth quarter of 2025:

    • Profit: $217 million (down from $219.9 million a year ago)
    • Revenue: $5.11 billion (up from $4.94 billion)

    Grocery and drugstore retailer Metro Inc. was hit by costs related to problems at its frozen food distribution centre in Toronto in the fourth quarter, with financial impacts expected to continue into the first quarter. The company said operations at the facility resumed last week after it was shut down for almost two months, but the temporary closure cost it $22.5 million in Q4 as it reported slightly lower annual profits.

    Metro chief executive Eric La Flèche said the company expects the distribution centre to be essentially back to normal by the end of December. “I want to thank all our teams who continue to execute our contingency plan to supply our stores, thereby minimizing the impact on our customers,” he said in a statement on Wednesday.

    Metro was forced to stop work at the Toronto frozen food distribution centre on Sept. 12 due to an issue with its refrigeration system. It resumed operations on Nov. 10. La Flèche said on the call that a mechanical issue, not one related to automation, was responsible for the problems with the refrigeration system. He added that the company is currently working with insurers to confirm the amount it will be able to recover. 

    “Looking forward to Q1 of 2026, we estimate that the direct costs associated with the rental of temporary chilling equipment and with the execution of our contingency plan will impact our net earnings by approximately $15 million to $20 million,” chief financial officer Nicolas Amyot said on the company’s conference call Wednesday.

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  • Nvidia’s strong earnings and a solid report on the job market boost US index futures

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    NEW YORK — U.S. stock index futures added to their gains after the government reported that employers added twice as many jobs as expected in September. Futures were already higher on enthusiasm for a strong earnings report from AI bellwether Nvidia. Futures for the S&P 500 were up 1.5% before the opening bell, while futures for the Dow Jones Industrial Average gained 0.8%. Futures for the Nasdaq shot 1.9% higher. The Labor Department said employapners added 119,000 jobs in September, more than double the 50,000 economists had forecast. The market also focused on Nvidia as Wall Street’s most influential company jumped 5.1% overnight after reporting better-than-expected results.

    THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below.

    Wall Street surged on Thursday after Nvidia reported stronger than expected quarterly earnings, tempering worries that AI-related stocks may have become overvalued.

    Futures for the S&P 500 were up 1.1% before the opening bell, while futures for the Dow Jones Industrial Average gained 0.5%. Futures for the Nasdaq shot 1.6% higher.

    The market’s focus remained on Nvidia as Wall Street’s most influential stock jumped 5.1% overnight after the chipmaker reported third-quarter earnings of $31.9 billion. That’s a 65% increase over last year and more than analysts were expecting.

    The Santa Clara, California company also forecast revenue for the current quarter covering November-January will come in at about $65 billion, nearly $3 billion above analysts’ projections, an indication that demand for its AI chips remains feverish.

    Nvidia is the most valuable company by market capitalization on Wall Street, having briefly topped $5 trillion in value. That means its movements have more of an effect on the S&P 500 than any other stock, and it can single-handedly steer the index’s direction some days.

    By continuing to deliver big profits for investors, Nvidia has mostly quieted recent criticism that its shares shot too high, too fast.

    Nvidia has become a bellwether for the broader frenzy around artificial-intelligence technology, because other companies are using its chips to ramp up their AI efforts.

    Walmart also reported its latest quarterly results Thursday. The Arkansas retailer delivered another standout quarter, posting strong sales and profits that blew past Wall Street expectations as it continues to lure cash-strapped Americans who have grown increasingly anxious about the economy and prices.

    With other retailers dialing back projections, the nation’s largest retailer raised its financial outlook Thursday after its strong third quarter, setting itself up for a strong holiday shopping season.

    Traders also made their final moves ahead of a September jobs report coming from the U.S. government on Thursday. The labor market data, usually released during the first week of every month, was delayed due to the six-week federal government shutdown.

    The Labor Department said Wednesday that it will not be releasing a full jobs report for October because the 43-day shutdown meant it couldn’t calculate the unemployment rate and some other key numbers.

    The job market has been slowing enough this year that the Fed has already cut its main interest rate twice. Lower rates can give a boost to the economy and to prices for investments, and the expectation on Wall Street had been for more cuts, including at the Fed’s next meeting in December.

    But some Fed officials are hinting that they should pause next month, in part because inflation has stubbornly remained above the Fed’s 2% target. Lower interest rates can worsen inflation.

    At midday in Europe, Germany’s DAX rose 0.8%, while Britain’s FTSE 100 and the CAC 40 in Paris each added 0.6%.

    In Asia, Japan’s Nikkei 225 index initially surged as much as 4.2% before giving up some early gains. It closed nearly 2.7% higher at 49,823.94 as technology stocks rallied, with investor sentiment boosted by Nvidia’s strong quarterly results after trading closed in the U.S.

    South Korea’s Kospi added 1.9% to 4,004.85, with gains led by technology and energy stocks. Investors were encouraged by Nvidia’s earnings and reports that the U.S. may delay planned semiconductor tariffs.

    Samsung Electronics gained 4.2%, while SK Hynix added 1.6%.

    Chinese markets ended mixed as reports said the government might be planning more measures to try to revive the ailing property sector.

    Hong Kong’s Hang Seng Index was barely changed at 25,835.57, while the Shanghai Composite index lost 0.4% to 3,931.05 after China’s central bank kept its one- and five-year loan prime rates unchanged at 3% and 3.5%, respectively.

    Taiwan’s Taiex closed 3.2% higher while India’s BSE Sensex added nearly 0.7%.

    Australia’s S&P/ASX 200 gained 1.2% to 8,552.70, also led by gains for technology stocks.

    In energy markets, benchmark U.S. crude oil gained 59 cents, or 1%, to $59.61 per barrel. Brent crude, the international standard, rose 62 cents to $64.13 per barrel.

    The U.S. dollar climbed to 157.66 Japanese yen from 157.06 yen. It has been trading at nearly the highest level this year on expectations that the government will delay efforts to rein in Japan’s national debt as Prime Minister Sanae Takaichi raises spending to help spur the economy.

    The euro fell to $1.1515 from $1.1538.

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  • Nvidia CEO Dismisses Concerns of an AI Bubble. Investors Remain Skeptical

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    Nvidia CEO Jensen Huang didn’t need any prompting on Wednesday to address the elephant in the room. “There’s been a lot of talk about an AI bubble,” he said on an earnings call before quickly getting to his main point: “From our vantage point, we see something very different.”

    Huang went on to spend about five minutes trying to explain how the chipmaker, which has soared to become the world’s most valuable publicly traded company over the past three years, would be able to sustain unprecedented customer demand. His thesis is that AI is taking over the world, and Nvidia chips will be sorely needed to power that technological revolution underway. “All industries, across every phase of AI, across all of the diverse computing needs in a cloud, and also from cloud to enterprise to robots,” will need Nvidia’s products, Huang said.

    The CEO’s pep talk ultimately drew mixed reactions from Wall Street. Nvidia shares have fallen about 10 percent in recent weeks after hitting an all-time high in late October. Shares budged up about 5 percent in after hours trading on Wednesday after Nvidia reported record quarterly sales and Huang made his anti-bubble comments. But the increase was not enough to fully make up for the recent selloff.

    Nvidia has enjoyed three years of booming success since OpenAI debuted ChatGPT and caused a massive surge in demand for the company’s GPUs, which are used to train and operate generative AI systems. Nvidia dominates the global market for GPUs, and its latest releases have become highly sought after with demand far exceeding supply. On Wednesday, Nvidia executives reiterated that it has about $500 billion in unfilled orders.

    The company has used its newfound wealth to buy back its own shares and invest billions of dollars in AI companies, including top users and customers of its chips such as ChatGPT developer OpenAI, data center operator CoreWeave, and Elon Musk’s xAI, which develops the chatbot Grok.

    Nvidia’s deals have fueled concerns among some investors that the company is unsustainably propping up sales. AI industry executives contend that partnering closely with Nvidia is crucial for getting access to chips and technical support, and that their revenues will eventually increase enough to fund their GPU purchases.

    On Wednesday’s call, Huang addressed a financial analyst’s question about the rationale for investing in companies such as OpenAI. “The partnership that we have with them is one so that we could work even deeper from a technical perspective, so that we could support their accelerated growth,” Huang said. “I fully expect that investment to translate to extraordinary returns.”

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    Paresh Dave

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