Matthews International, a global provider of memorialization products and industrial technologies, announced Thursday that J. Michael Nauman will serve as its new board chair. Nauman, the former chief executive of Brady Corp., succeeds Alvaro Garcia-Tunon as the company refreshes its top oversight role.
Oil futures climbed on Thursday as a significant U.S. military buildup in the Middle East sparked fears of supply disruptions in the Strait of Hormuz, pushing Brent crude above the $70 mark for the first time since July.
U.S. commercial crude oil inventories tumbled by 9 million barrels last week, defying analyst expectations of a build as domestic exports surged and refinery activity ramped up. According to data released Thursday by the Energy Information Administration (EIA), the sharp decline for the week ended Feb. 13 leaves national stockpiles approximately 5% below the seasonal five-year average.
Toronto stocks trended upward on Thursday as a surge in energy production and a narrowing trade deficit provided a buffer against volatility in the tech and consumer sectors. The S&P/TSX Composite Index climbed 0.3% to close at 33472.68, buoyed by strong quarterly results from Cenovus Energy and a rebound in national gold exports.
Talkspace shares surged more than 26% on Thursday after the virtual therapy provider reported fourth-quarter profit and revenue that comfortably cleared Wall Street expectations. The company’s growth was primarily fueled by a sharp rise in payor-related revenue, pushing the stock to a new annual peak of $4.93.
The Canadian government has ordered its financial intelligence agency, Fintrac, to immediately prioritize the disruption of extortion networks as reported crime rates reach a decade-high peak. Finance Minister Francois-Philippe Champagne issued the directive on Thursday, mandating closer cooperation between the agency, commercial banks, and law enforcement to dismantle the financial infrastructure supporting coercive criminal activity.
Bitdeer Technologies Group shares tumbled 17% to $8 on Monday after the company announced a registered direct offering of Class A ordinary shares to specific holders of its convertible senior notes. The move, intended to restructure existing debt and fund aggressive growth in artificial intelligence, triggered immediate investor concerns over potential share dilution.
Canadian Tire Corp. shares climbed more than 6% on Thursday after the retailer reported fourth-quarter revenue and adjusted profit that outpaced market expectations, fueled by robust holiday demand at its SportChek and Mark’s banners.
Pool Corp shares plummeted Thursday after the wholesale distributor reported fourth-quarter earnings and a 2026 profit forecast that trailed Wall Street estimates, signaling persistent headwinds in the leisure and home improvement sector.
One Stop Systems (OSS) shares surged on Wednesday after the company secured $10.5 million in new awards to supply specialized data storage for the U.S. Navy’s P-8A Poseidon reconnaissance aircraft. The contracts, involving both the Navy and a major defense prime, mark a significant expansion of the company's role in the military's high-performance edge computing sector.
Denison Mines has secured final regulatory clearance to construct the Wheeler River uranium project in Saskatchewan, marking the first approval for a large-scale Canadian uranium mine in over two decades. On Thursday, the Canadian Nuclear Safety Commission (CNSC) greenlit the project’s environmental assessment and issued the licenses necessary to begin site preparation and mill construction.
Pediatrix Medical Group shares tumbled 13% on Thursday morning after the physician services provider reported fourth-quarter adjusted earnings that fell short of analyst expectations, despite a slight revenue beat.
Visteon Corp. shares dropped nearly 9% on Thursday after the automotive technology supplier issued a 2026 sales outlook that trailed Wall Street estimates, overshadowing a stronger-than-expected fourth-quarter performance.
B2Gold Corp. shares tumbled after the Canadian miner reported a fourth-quarter earnings miss, driven by logistical delays at its Fekola mine in Mali and unfavorable currency fluctuations that offset operational gains.
MTY Food Group returned to profitability in its fourth quarter, surpassing analyst expectations for both earnings and revenue even as same-store sales dipped across its U.S. and international restaurant networks.
Regeneron Pharmaceuticals announced Thursday that the U.S. Food and Drug Administration has granted priority review to garetosmab, a potential first-in-class treatment for adults with the ultra-rare genetic disorder fibrodysplasia ossificans progressiva (FOP).
Detroit-based DT Midstream announced on Thursday that its board has approved a 7.3% increase to its quarterly cash dividend, raising the payout to 88 cents per share. The move signals a strengthened commitment to shareholder returns as the natural gas infrastructure provider maintains its growth trajectory.
Dallas-based ATI Inc. has significantly bolstered its capital return strategy, adding $500 million to its existing stock-buyback program to support a multi-year repurchase initiative. The expansion, announced Thursday, underscores the specialty materials manufacturer's commitment to shareholder value amid a robust market valuation.
Nissan is recalling more than 300,000 Rogue SUVs due to critical mechanical defects involving throttle-body gears and potential engine failure, according to the National Highway Traffic Safety Administration (NHTSA).
Appian stock jumped 13% in premarket trading following a fourth-quarter earnings report that surpassed Wall Street expectations for both revenue and profitability. The enterprise software provider posted revenue of $202.9 million and adjusted earnings of 15 cents per share, signaling a strong recovery after a difficult start to the year.
MDA Space is pivoting into the broader national security market with the launch of 49North, a new subsidiary dedicated to multi-domain defense systems. Based in Ottawa, the unit will focus on command-and-control capabilities to support Canada’s military priorities beyond the company's traditional orbital operations.
Chicago-based GATX Corp. has increased its quarterly dividend by 8.2% and approved a fresh $300 million share-repurchase program, signaling a robust return of capital to shareholders as its previous buyback plan nears completion.
Arcadis shares tumbled on Thursday after the Dutch engineering firm reported a 50% collapse in fourth-quarter earnings and confirmed the elimination of over 1,100 positions. The Amsterdam-listed group, a key player in global infrastructure, saw its organic growth turn negative as residential real estate markets weakened across major global economies.
Paycom Software has promoted Chief Client Officer Shane Hadlock to the position of president, where he will also serve as the company’s sole principal operating officer. The Oklahoma City-based provider of human-capital-management software announced the appointment Thursday, noting that founder Chad Richison will relinquish the presidency while remaining chairman and chief executive.
Capital Power has appointed Kevin MacIntosh as its chief financial officer, tapping a veteran of the Canadian energy sector to lead its financial operations starting March 16.
Rio Tinto CEO Simon Trott confirmed on Thursday that the mining giant will pursue an aggressive internal growth strategy focused on industrial metals, just weeks after a potential $200 billion merger with Glencore collapsed. Speaking alongside the company's 2025 financial results, Trott signaled a pivot toward high-demand commodities like copper and lithium to sustain a projected 3% annual production increase through the end of the decade.
Shares of BE Semiconductor Industries NV (Besi) tumbled 7% in Amsterdam trading after the chip-packaging specialist reported hybrid bonding orders that fell short of aggressive investor expectations. Despite a surge in fourth-quarter demand from China and burgeoning interest in AI-related hardware, the company’s flagship technology is scaling slower than the trajectory required to meet ambitious year-end targets.
Houston-based CenterPoint Energy reported a rise in fourth-quarter profit on Thursday, meeting analyst expectations while significantly accelerating its long-term infrastructure and load growth targets. The utility now expects to hit major expansion milestones two years ahead of schedule, backed by a capital investment plan that exceeds $65 billion.
Cenovus Energy delivered a sharp increase in fourth-quarter earnings on Thursday, fueled by rising output and operational efficiency that outpaced market expectations. The Canadian integrated producer reported net income of C$934 million ($682 million), or C$0.50 per share, a massive jump from the C$146 million recorded in the same period last year.
Walmart’s board of directors has approved a new $30 billion share-repurchase program, the company announced Thursday. The move follows the retailer's recent ascent into the exclusive $1 trillion market capitalization club and replaces a previous multi-billion dollar buyback initiative.
