To insulate its production lines from industry-wide supply chain volatility, Montreal-based Bombardier has agreed to acquire the Mississauga assets of MHI Canada Aerospace. The deal, which includes the absorption of 750 specialized workers, aims to bring critical wing and fuselage manufacturing for Global and Challenger jets directly under company control.
With 7.3 million available positions recorded in July, the American labor market remains caught in a low-churn cycle. While job openings saw a slight uptick from June’s 7.2 million, the broader trend points to an economy where both employers and workers are increasingly reluctant to make significant moves.
Shifting away from a massive $1.2 billion construction project, Calumet’s Montana Renewables subsidiary will now repurpose existing refining hardware to boost sustainable aviation fuel output. This pivot slashes the remaining capital requirement to $137 million, opting for a modular approach to mitigate construction risks and improve immediate returns.
Tropical Storm Edouard is closing in on the Texas-Louisiana border with sustained winds reaching 50 mph, forcing residents and coastal industries to brace for impact. The National Hurricane Center anticipates continued intensification before the system makes landfall and encounters the terrain that will trigger its eventual weakening.
A rare tightening of the U.S. energy market may be underway, as analysts anticipate the first drop in commercial crude oil stockpiles in five weeks. If projections hold, the national inventory will dip by 300,000 barrels for the week ended Aug. 28, signaling a potential shift in supply dynamics.
Vancouver-based RainRock Acquisition Corp. filed for a $150 million initial public offering on Tuesday, signaling a strategic pivot toward the volatile cryptocurrency and Web3 sectors. The blank-check company aims to secure a listing on the Nasdaq Global Market under the ticker symbol RRCK once units begin trading separately.
A 29% increase in threat detection rates marks CrowdStrike’s latest push into defensive artificial intelligence. The cybersecurity firm unveiled SafeMind, a dual-model system built with Nvidia, designed to simulate and neutralize digital attacks at machine speed, even as the company faces a volatile day on the stock market.
With a price range set between $4 and $6 per unit, Mongolian financial services provider Bogd FT has officially filed for an initial public offering in the United States. The company aims to raise over $21 million to fuel its regional lending expansion across Mongolia and Central Asia.
MiniMed Group shares surged 8.1% to $21.91 on Tuesday after the medical technology firm reported a 17% jump in first-quarter sales. The company, which provides diabetes care solutions, outperformed analyst expectations by reaching $843 million in revenue, signaling strong momentum following its spin-off from Medtronic earlier this year.
Projectiles struck two tankers in the Strait of Hormuz on Tuesday, triggering an immediate $2 rally in global crude prices. The incident deepens concerns over the stability of the world's most critical petroleum transit route, already strained by a prolonged reduction in commercial shipping traffic through the narrow waterway.
Valeura Energy shares climbed 2.8% to 13.94 Canadian dollars on Tuesday after the company announced an accelerated timeline for its Wassana field redevelopment. By moving up the installation of a central processing platform, the firm expects to reach first oil extraction by early in the second quarter of 2027.
With 7.3 million available positions recorded in July, the American labor market shows a subtle shift in momentum. While vacancies climbed slightly from June's 7.2 million count, the broader picture reveals a cooling effect, as fewer workers transitioned into new roles during the height of the summer season.
A 13.3 billion rupee investment is set to reshape the IT landscape as Happiest Minds Technologies moves to merge with ITC Infotech. The deal, valued at approximately $140.1 million, positions the combined entity to reach $1 billion in annual revenue by fiscal 2028 while scaling operations across 30 nations.
NextEra Energy Resources is moving into the South Florida infrastructure market, acquiring a 49% stake in the Florida Energy Pathway project. The deal secures a partnership with Chesapeake Utilities, which retains a controlling majority in the 24-inch natural gas pipeline designed to bridge supply gaps between Palm Beach and Miami-Dade.
Nicholas Fozard, a veteran of the cannabis sector with executive tenures at Organigram and iAnthus, is set to join Cannara Biotech as chief financial officer. He steps into the role previously held by Nicholas Sosiak, who transitioned to the position of chief operating officer earlier this spring.
Alumis saw its stock price crater 54% in Tuesday premarket trading after reporting that its Phase 2b clinical trial for the lupus drug envudeucitinib failed to meet primary or secondary endpoints. The treatment fell short of demonstrating significant improvements in disease activity for patients with moderate-to-severe systemic lupus erythematosus.
GoPro is abandoning its purely consumer-focused identity, striking a $285 million cash deal to merge with Starman Optical. The agreement marks a sharp turn toward the artificial intelligence data center and defense sectors, as the struggling camera manufacturer seeks a path away from its declining stock performance.
With three decades of European banking expertise, Ralph Hamers has joined the board of the Bank of Nova Scotia effective immediately. The appointment brings the former head of both UBS and ING to one of North America's largest financial institutions as it looks to strengthen its international leadership perspective.
A 396-megawatt power agreement between Fervo Energy and Alphabet’s Google sent the geothermal developer’s shares climbing 13% to $17.38 in premarket trading. The contract, the largest in the startup's history, secures a steady energy supply for Google’s expanding Utah data center infrastructure starting in 2028.
Dallas-based medical technology firm Enovis has moved to acquire French surgical robotics specialist eCential Robotics in a deal valued at roughly $245 million. The move signals a strategic push to integrate automation into Enovis’s existing Astra platform, aiming to refine surgical precision and streamline clinical workflows across its global operations.
Loblaw is funneling C$1.2 billion into its Canadian retail footprint this year, raising its new-store target to 75 locations. The expansion prioritizes discount banners as the company looks to capture shoppers increasingly sensitive to food inflation and shifting household budgets across the country.
Montreal-based miner Aya Gold & Silver is deepening its footprint in Morocco, moving to acquire a 139-square-kilometer portfolio of exploration permits. The deal, valued at 4 million Canadian dollars, centers on a 19-kilometer mining license situated directly adjacent to the company’s flagship Zgounder silver operation.
A 14% revenue climb to $9.76 billion has prompted Medtronic to lift its full-year guidance, signaling robust demand across its cardiovascular and neuroscience divisions. The medical-device giant now anticipates adjusted annual earnings between $5.94 and $6 per share, outpacing previous forecasts and analyst expectations for the latest quarter.
Descartes Systems Group has finalized a $120 million cash acquisition of Extensiv, a California-based provider of cloud-native warehouse and fulfillment software. The move signals a strategic push by the Waterloo-based logistics giant to strengthen its footprint in ecommerce and third-party inventory management through automated, AI-driven solutions.
The Phase 2b trial of envudeucitinib failed to meet its primary and secondary endpoints for treating moderate-to-severe systemic lupus erythematosus. While the overall study fell short of its clinical goals, Alumis management points to an unexpected under-representation of patients with high interferon gene signatures as the primary cause for the miss.
The London Stock Exchange is preparing to integrate blockchain-backed assets into its infrastructure, aiming to offer 24-hour trading of tokenized U.K. stocks. Partnering with Kraken-owner Payward, the bourse intends to launch these digital representations by 2027, provided the project secures the necessary regulatory approvals.
A 50 percent surge in vehicle deliveries helped NIO narrow its second-quarter net loss to 721.6 million yuan, or roughly $107 million. Despite this significant improvement from the previous year's 5.14 billion yuan loss, the Shanghai-based automaker missed market revenue expectations as monthly sales momentum began to stall.
Toronto-based HealWELL AI has secured a multi-year agreement to deploy its proprietary software across Iowa’s Health Information Exchange. The deal, finalized with Converge Health Iowa, brings the company’s Darwen-powered search and summarization tools to a massive statewide network currently processing data from 115 individual hospitals.
A faulty ground connection in the engine compartment could cut power or kill essential systems like headlights and cooling fans in nearly 150,000 Mustang vehicles. Ford issued the recall after discovering that a specific heat shrink modification introduced in 2024 models is causing terminal eyelets to fracture prematurely.
A routine test of a secondary target at the Guayabales project in Colombia yielded a surprise for Collective Mining when drill holes intersected a previously unknown high-grade gold zone. The discovery occurred as technicians probed the Apollo system, revealing mineralized expansion beyond the site’s primary boundaries.
