
Monex Canada Announces New Head of Sales for Quebec and Atlantic Canada
TORONTO--(BUSINESS WIRE)--Monex Canada Inc. ('Monex Canada', a subsidiary of the wider financial services group Monex S.A.P.I. de C.V. ('Monex'), a global investment-grade financial services institution and one of the world's leading commercial foreign exchange specialists, is pleased to announce the appointment of François Bélanger as Head of Sales for Quebec and Eastern Canada. François brings over 25 years of banking and foreign exchange risk management to Monex Canada, having previously served at Royal Bank of Canada and Bank of Montreal.
Francois will be leading a personalized approach to risk management strategies for businesses across Quebec and Atlantic Canada. With a proven track record within manufacturing, fisheries, forestry, energy, and public sector organizations, Francois will bring a deep understanding of the regulatory landscapes and bilingual business environments unique to those markets.
Anil Sawrup, CEO of Monex Canada, said: 'François' insight, adaptability, and established network will accelerate our expansion across Canada. I am confident his financial institution experience is uniquely suited to lead this initiative.'
Speaking of his new position, François said, 'While we are a financial service business, we are also a people business. Financial services can be complex, especially in volatile markets, but it is crucial that we give clients that personal touch to instill confidence in their decisions. I am pleased to join Monex Canada to help clients in Eastern and Atlantic Canada manage their FX risk and reach their financial objectives.'
Headquartered in Toronto, Monex Canada has grown extensively with new hires across Eastern Canada, a growth trajectory that is set to continue through 2025.
About Monex Canada Inc.
Monex Canada, headquartered in Toronto, provides corporate clients with industry-leading foreign exchange and international payment solutions. Monex Canada is part of the wider financial services group ('Monex Group') controlled by Monex S.A.P.I. de C.V. (formerly Monex S.A.B. de C.V.), a global investment-grade financial services institution. Founded in 1985, the Monex Group is a global financial services organization that serves over 66,000 clients worldwide, managing US$303 billion in deliverable FX trades and US$11.1 billion worth of assets, and employs over 2,700 people.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
Exploring Three Undiscovered Gems in Middle Eastern Markets
As Middle Eastern markets, particularly in the UAE, experience upward momentum with indices like Dubai's reaching their highest levels since 2008, investors are closely watching global economic developments such as the US-China trade talks for further cues. In this dynamic environment, identifying promising stocks involves looking for companies that can capitalize on regional growth trends and demonstrate resilience amid global uncertainties. Name Debt To Equity Revenue Growth Earnings Growth Health Rating Amir Marketing and Investments in Agriculture 17.44% 5.21% 5.41% ★★★★★★ Formula Systems (1985) 33.74% 8.44% 11.96% ★★★★★★ Payton Industries NA 7.02% 14.80% ★★★★★★ Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi 40.12% 43.54% 38.87% ★★★★★★ Y.D. More Investments 62.65% 28.86% 32.05% ★★★★★☆ C. Mer Industries 109.27% 13.77% 72.47% ★★★★★☆ Keir International 23.18% 49.21% -17.98% ★★★★★☆ Alfa Solar Enerji Sanayi ve Ticaret 38.29% -32.50% -4.61% ★★★★★☆ Waja 23.81% 98.44% 14.54% ★★★★☆☆ Izmir Firça Sanayi ve Ticaret Anonim Sirketi 43.01% 40.80% -34.83% ★★★★☆☆ Click here to see the full list of 223 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener. Let's review some notable picks from our screened stocks. Simply Wall St Value Rating: ★★★★★☆ Overview: Gür-Sel Turizm Tasimacilik ve Servis Ticaret A.S. is a company engaged in transportation services, with a market capitalization of TRY27.29 billion. Operations: GRSEL generates revenue primarily from its transportation services, with a focus on railroads, contributing TRY8.43 billion. Gür-Sel Turizm Tasimacilik ve Servis Ticaret, a dynamic player in the transportation sector, recently reported first-quarter sales of TRY 2.42 billion, a slight increase from TRY 2.32 billion last year. Despite this growth in sales, net income dipped to TRY 583.8 million from TRY 594.71 million previously. With its earnings growth at -19.3%, matching the industry average, it trades at an attractive valuation—61% below estimated fair value—and boasts robust interest coverage with EBIT covering interest payments by 68 times. The company seems well-positioned financially with more cash than total debt and positive free cash flow prospects ahead. Click to explore a detailed breakdown of our findings in Gür-Sel Turizm Tasimacilik ve Servis Ticaret's health report. Assess Gür-Sel Turizm Tasimacilik ve Servis Ticaret's past performance with our detailed historical performance reports. Simply Wall St Value Rating: ★★★★★★ Overview: Ashot Ashkelon Industries Ltd. is a company that manufactures and sells systems and components for aerospace and defense sectors both in Israel and internationally, with a market cap of ₪1.27 billion. Operations: The company's revenue is primarily derived from its military segment, contributing ₪286.72 million, and its aviation and complex assemblies segment, adding ₪115.23 million. The subsidiary in the USA generates an additional ₪50.44 million in revenue. Ashot Ashkelon Industries, a notable player in the Aerospace & Defense sector, has demonstrated robust financial health with its debt to equity ratio decreasing from 14.1% to 12.8% over five years. Its earnings growth of 45.6% outpaces industry standards, highlighting strong performance. The company reported first-quarter sales of ILS 121 million and net income of ILS 14 million, reflecting solid financial results compared to last year's figures. Despite recent share price volatility, Ashot's interest coverage by EBIT is a reassuring 9x, indicating well-managed debt obligations and promising future prospects in its niche market space. Click here and access our complete health analysis report to understand the dynamics of Ashot Ashkelon Industries. Review our historical performance report to gain insights into Ashot Ashkelon Industries''s past performance. Simply Wall St Value Rating: ★★★★★★ Overview: Delta Israel Brands Ltd. is a company that designs, develops, markets, and sells various clothing products in Israel with a market cap of ₪2.13 billion. Operations: Delta Israel Brands generates revenue primarily through the sale of clothing products in Israel. The company's market cap stands at ₪2.13 billion. Delta Israel Brands, a nimble player in the Specialty Retail sector, showcases a solid financial backbone with no debt compared to five years ago when its debt-to-equity ratio was 12.8%. The company's earnings have consistently grown at 8.7% annually over the past five years, although recent earnings growth of 15.4% lagged behind the industry's impressive 61%. Despite this, Delta maintains high-quality earnings and offers an attractive price-to-earnings ratio of 14.3x, undercutting the industry average of 15x. However, recent first-quarter results showed sales climbing to ILS 315 million from ILS 260 million last year while net income dipped slightly to ILS 29 million from ILS 33 million previously. Navigate through the intricacies of Delta Israel Brands with our comprehensive health report here. Evaluate Delta Israel Brands' historical performance by accessing our past performance report. Unlock more gems! Our Middle Eastern Undiscovered Gems With Strong Fundamentals screener has unearthed 220 more companies for you to here to unveil our expertly curated list of 223 Middle Eastern Undiscovered Gems With Strong Fundamentals. Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive. Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. Find companies with promising cash flow potential yet trading below their fair value. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include IBSE:GRSEL TASE:ASHO and TASE:DLTI. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@
Yahoo
3 hours ago
- Yahoo
Critical One Makes Strategic Uranium Asset Divestment
TORONTO, June 12, 2025 (GLOBE NEWSWIRE) -- Critical One Energy Inc. (formerly Madison Metals Inc.) ('Critical One' or the 'Company') (CSE: CRTL) (OTCQB: MMTLF) (FSE: 4EF0) is pleased to announce that Dark Star Minerals Inc. ('Dark Star') (CSE: BATT) (FSE: P0W), a well-managed, uranium-focused, publicly-listed company, has entered into an acquisition agreement with Critical One to acquire 100% of its interests in the Khan and Cobra Uranium Projects, located in Namibia's highly prospective Erongo uranium province. 'Divesting the Company's uranium assets and focusing on the Howells Lake Antimony-Gold Project ('Howells Lake Project') enhances our shareholder value by strategically refining the Company's critical metals and minerals mission,' said Duane Parnham, Executive Chairman and CEO of Critical One. 'I believe this shift in our critical metals strategy aligns with global market trends driven by the energy transition, and will offer higher growth potential and improved returns. Howell Lake's antimony deposits allow us to capitalize on the rapidly growing demand for these critical metals. Plus, the project provides gold exploration upside in a period when the yellow metal's value is reaching all-time market highs.' Parnham added, 'By forming this alliance with Dark Star, our investment in uranium continues to have great potential. This divestiture allows Critical One to focus on its capital allocation on high-margin, high-demand critical minerals, thereby optimizing our portfolio for long-term profitability, reducing exposure to market risks, and strengthening our competitive position in a future-focused industry, ultimately driving sustainable value creation for shareholders.' Under the terms of the letters of intent agreement ('LOI'), Dark Star has the opportunity to acquire all of Critical One's interest in the Khan and Cobra Uranium Projects through staged cash payments and issuances of common shares to the Company over a two-year period. No fairness opinion or independent valuation of the uranium assets was sought by Critical One or Dark Star for this agreement. A summary of terms for the LOI is provided below, concurrently issued in the Dark Star news release dated June 12, 2025. Payment Date Cash Payment Amount Securities Issuance On the date of execution of this LOI (the 'LOI Execution Date') US$10,000 - Upon the later of: (a) the date that is five days of the LOI Execution Date; and (b) receipt of Exchange approval for the LOI - 200,000 common shares (each, a 'Share') of Dark Star Upon the execution of the Definitive Agreement (the 'Definitive Agreement Execution Date') US$150,000 14,000,000 Dark Star Shares On or before the date that is four (4) months from the Definitive Agreement Execution Date US$100,000 - On or before first anniversary of the Definitive Agreement Execution Date US$250,000 US$1,000,000 in Dark Star Shares On or before second anniversary of the Definitive Agreement Execution Date US$250,000 US$750,000 in Dark Star Shares Total: US$760,000 Once the staged cash and share issuances reach a combined value above US$3.5 million (as outlined in the table), Critical One will be granted a 2% gross overriding royalty on all metals produced from the two uranium projects. Upon signing of the LOI, Critical One received US$10,000 in cash and was issued 200,000 common shares of Dark Star, priced at CDN$0.075 at close of business on June 11, 2025. This will be followed by subsequent cash and common share payments in accordance with a definitive agreement to be signed within 60 days. The definitive agreement will be subject to the approval of the usual regulatory approvals. About Critical One Energy Inc. Critical One Energy Inc. (formerly Madison Metals Inc.) is a forward-focused critical minerals and upstream energy company, powering the future of clean energy and advanced technologies. The addition of the Howells Lake Antimony-Gold Project broadens the Company's exposure to antimony, one of the most in-demand critical minerals. Backed by seasoned management expertise and prime resource assets, Critical One is strategically positioned to meet the rising global demand for critical minerals and metals. Its mine exploration portfolio is led by antimony-gold exploration potential in Canada and uranium investment interests in Namibia, Africa. By leveraging its technical, managerial, and financial expertise, the Company upgrades and creates high-value projects, thereby driving growth and delivering value to its shareholders. Additional information about Critical One Energy Inc. can be found at and on the Company's SEDAR+ profile at For further information, please contact: Duane ParnhamExecutive Chairman & CEOCritical One Energy Inc. +1 (416) 489-0092ir@ Media inquiries: Adam BelloManager, Media & Analyst RelationsPrimoris Group Inc.+1 (416) 489-0092media@ Neither the Canadian Securities Exchange nor CIRO accepts responsibility for the adequacy or accuracy of this release. Forward-looking Statements This news release contains 'forward-looking information' within the meaning of applicable securities laws. All statements contained herein that are not clearly historical in nature may constitute forward-looking information. In some cases, forward-looking information can be identified by words or phrases such as 'may', 'will', 'expect', 'likely', 'should', 'would', 'plan', 'anticipate', 'intend', 'potential', 'proposed', 'estimate', 'believe' or the negative of these terms, or other similar words, expressions, and grammatical variations thereof, or statements that certain events or conditions 'may' or 'will' happen, or by discussions of strategy. Forward-looking information contained in this press release includes, but is not limited to, statements relating to the terms and timing of the private placement described in this press release and the anticipated uses of the proceeds raised from such private placement. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include, without limitation, that: the Company will receive all necessary approval required in order to complete the issuance of the securities pursuant to the private placement described in in this press release; and that there will be sufficient interest from potential investors in order to complete the private placement on the terms as described herein or at all. However, forward-looking statements are subject to risks, uncertainties, and other factors, which could cause actual results to differ materially from future results expressed, projected, or implied by such forward-looking statements. Such risks include, but are not limited to, the risk that the Company will not be able to proceed with the issuance of units on the terms described in this press release or at all. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and are based on the beliefs, estimates, expectations, and opinions of management on such date. The Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required under applicable securities law. Readers are cautioned to consider these and other factors, uncertainties, and potential events carefully and not to put undue reliance on forward-looking in to access your portfolio
Yahoo
3 hours ago
- Yahoo
Nuveen Australian Real Estate Debt Strategy Reaches A$650 Million with CPP Investments Commitment
SYDNEY, June 12, 2025 /CNW/ - Nuveen, one of the largest asset managers globally with over US$1.3 trillion AUM*, has reached second close of its commingled Australian commercial real estate debt strategy with commitments of over A$650 million. Canada Pension Plan Investment Board (CPP Investments), through its subsidiary CPPIB Credit Investments Inc., invested A$300 million, joining Teachers Insurance and Annuity Association of America (TIAA) and Temasek as strategic partners of Nuveen for this strategy. Total AUM are expected to exceed A$1 billion including capital approved for co-investments. The strategy is already more than 40% deployed via committed loan investments focusing on institutional senior and junior loans secured by prime real estate in Australia. Preferred sectors for the strategy are industrial / logistics and residential, with a selective approach to retail, office and alternatives across major cities in Australia. The strategy leverages both Nuveen Real Estate's global debt platform, which currently has over 55 dedicated specialists, and the team of more than 60 at Nuveen Real Estate in Asia. The strategy is led by Dugald Marr, Nuveen's Head of Debt Australia and New Zealand, and the support of an experienced team with a long track record of originating and structuring high-quality loan investments in this market. Investments are also aligned to Nuveen Real Estate's comprehensive responsible investment processes and ESG factor analysis. This includes waste reduction and energy consumption, climate risk analysis and social aspects with the ability to structure Green Loans or Sustainable Linked Loans where applicable to incentivise ESG targets on behalf of clients. The investment comes at a time when Australian commercial real estate debt offers the potential for a compelling blend of stability, attractive yields, and strong collateral protection, all of which are increasingly important to investors concerned about global volatility. Australia's mature market, supported by robust economic foundations, strict regulatory requirements for banks and the need for more alternative capital sources provides a good foundation for long-term investment in this space. The strategy will continue to focus on repeat institutional borrowers, conservative lending parameters and prime assets in sectors that benefit most from Australia's high population growth and limited supply. Andrew Kleinig, Head of Australia and the Global Client Group for South East Asia at Nuveen, said: "This is another milestone for the strategy. With CPP Investments' commitment, we will continue our focus on strategic, in-depth partnerships with the highest calibre of investors. We are excited to work with a like-minded partner who also shares a high conviction on the asset class. CPP Investments has provided significant value-add as a strategic investor, ensuring long-term success and growth of the partnership. It showcases Nuveen's pedigree in real estate investment and our ability to bring regionally tailored solutions across both equity and debt platforms. We believe Nuveen's offering across real assets more broadly is well-positioned to help clients across Asia navigate volatility alongside managing their responsible investment goals." Raymond Chan, Managing Director & Head of APAC Credit at CPP Investments, said: "Australia is one of our key markets in Asia Pacific and this transaction marks an important milestone for our credit strategy in the region. The investment builds upon our extensive market research and insights from our successful investments in Australia. Leveraging Nuveen's strong local network and capabilities, this partnership enables us to tap into attractive real estate debt investments in Australia and further augment our credit program in the region. These opportunities offer stability and attractive yields amid global volatility, contributing to long-term returns for the CPP Fund." *Top 20 largest global asset manager based on Pensions & Investments, 12 Jun 2023. Rankings based on total worldwide assets as of 31 Dec 2022 reported by each responding asset manager, with 434 firms responding; updated annually. TIAA is the parent company of Nuveen. About NuveenNuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 30 September 2024 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit Nuveen Real Estate is one of the largest investment managers in the world with US$142 billion of assets under management. Managing a suite of funds and mandates, across both public and private investments, and spanning both debt and equity across diverse geographies and investment styles, we provide access to every aspect of real estate investing. With over 90 years of real estate investing experience and more than 770 employees* located across 30+ cities throughout the United States, Europe and Asia Pacific, the platform offers global reach with deep sector expertise, providing investors access to high quality investments across the private real estate investment landscape. For further information, please visit us at *Includes 360+ real estate investment professionals, supported by a further 411 Nuveen Nuveen, 31 March 2025. About CPP InvestmentsCanada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 22 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm's length from governments. At March 31, 2025, the Fund totalled C$714.4 billion. For more information, please visit or follow us on LinkedIn, Instagram or on X @CPPInvestments. SOURCE Canada Pension Plan Investment Board View original content to download multimedia: Sign in to access your portfolio