S&P/TSX composite up in late-morning trading, U.S. stock markets also rise
TORONTO — Canada's main stock index climbed higher in late-morning trading, helped by strength in the base metals sector, while U.S. stock markets also rose.
The S&P/TSX composite index was up 58.17 points at 26,599.56.
In New York, the Dow Jones industrial average was up 177.18 points at 42,392.98. The S&P 500 index was up 25.39 points at 6,008.11, while the Nasdaq composite was up 104.12 points at 19,625.21.
The Canadian dollar traded for 73.06 cents US compared with 73.51 cents US on Tuesday.
The August crude oil contract was down US$1.26 at US$72.01 per barrel and the July natural gas contract was up 12 cents US at US$3.97 per mmBTU.
The August gold contract was down US$1.40 at US$3,405.50 an ounce and the July copper contract was up three cents US at US$4.84 a pound.
---
This report by The Canadian Press was first published June 18, 2025.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
National Post
24 minutes ago
- National Post
Bausch + Lomb Announces Pricing of Upsized Senior Secured Notes Offering
Article content VAUGHAN, Ontario — Bausch + Lomb Corporation (NYSE/TSX: BLCO) ('Bausch + Lomb' or the 'company'), a leading global eye health company dedicated to helping people see better to live better, today announced that its subsidiaries, Bausch+Lomb Netherlands B.V. and Bausch & Lomb Incorporated (collectively, the 'Issuers'), have priced the offering of €675 million aggregate principal amount of senior secured floating rate notes due 2031 ('Notes'). The size of the offering was increased from the previously announced €600 million aggregate principal amount of Notes. The Notes will be sold to investors at a price of 99.500% of the principal amount thereof. Article content As previously announced, the company is also seeking to partially refinance its credit agreement, whereby the company intends to obtain a $2.325 billion new term B loan facility (the 'New Term B Loan Facility') and a new $800 million revolving credit facility (the 'New Revolving Credit Facility'). The New Term B Loan is expected to accrue interest at a rate of Term SOFR + 4.25% per annum. The allocated size of the New Term B Loan Facility was increased from the previously announced $2.2 billion. The company intends to use the net proceeds from the Notes offering and the New Term B Loan Facility to repay in full the outstanding borrowings under its existing revolving credit facility, to refinance in full its outstanding term A loans due 2027 and term B loans due 2027 and to pay related fees and expenses. Article content The closing of the Notes offering is not contingent upon the closing of the New Term B Loan Facility or the New Revolving Credit Facility. Article content The Notes will be guaranteed by the company and each of the company's subsidiaries (other than the Issuers) that are guarantors under the company's credit agreement and will be secured on a first priority basis by liens on the same assets that secure the obligations under the company's credit agreement and the company's outstanding senior secured notes. Article content Closing of the Notes offering is expected to occur on June 26, 2025, subject to customary closing conditions. Article content The Notes will not be registered under the Securities Act of 1933, as amended ('Securities Act'), or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The Notes are being offered in the United States only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The Notes have not been and will not be qualified for sale to the public by prospectus under applicable Canadian securities laws and, accordingly, any offer and sale of the Notes in Canada will be made on a basis which is exempt from the prospectus requirements of such securities laws. Article content The New Term B Loan Facility and New Revolving Credit Facility are also expected to close on June 26, 2025; however, there can be no assurances that the company will be able to complete the New Term B Loan Facility and/or New Revolving Credit Facility transactions on the terms described above or at all. Article content This news release is being issued pursuant to Rule 135c under the Securities Act and shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Article content About Bausch + Lomb Article content Bausch + Lomb is dedicated to protecting and enhancing the gift of sight for millions of people around the world – from birth through every phase of life. Its comprehensive portfolio of approximately 400 products includes contact lenses, lens care products, eye care products, ophthalmic pharmaceuticals, over-the-counter products and ophthalmic surgical devices and instruments. Founded in 1853, Bausch + Lomb has a significant global research and development, manufacturing and commercial footprint with approximately 13,500 employees and a presence in approximately 100 countries. Bausch + Lomb is headquartered in Vaughan, Ontario, with corporate offices in Bridgewater, New Jersey. Article content Forward-looking Statements Article content This news release may contain forward-looking information and statements within the meaning of applicable securities laws (collectively, 'forward-looking statements'), including, but not limited to, our refinancing plans and the details thereof, including the Notes offering, the New Term B Loan Facility and the New Revolving Credit Facility, the proposed use of proceeds therefrom and the details thereof, our ability to complete the transactions described in this press release, and the other expected effects thereof. Forward-looking statements may generally be identified by the use of the words 'anticipates,' 'seeks,' 'expects,' 'plans,' 'should,' 'could,' 'would,' 'may,' 'will,' 'believes,' 'potential,' 'pending' or 'proposed' and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, the risks and uncertainties discussed in Bausch + Lomb's filings with the U.S. Securities and Exchange Commission and the Canadian Securities Administrators (including the company's Annual Report on Form 10-K for the year ended Dec. 31, 2024 and its most recent quarterly filings). In addition, certain material factors and assumptions have been applied in making these forward-looking statements, including the assumption that the risks and uncertainties discussed in such filings will not cause actual results or events to differ materially from those described in these forward-looking statements. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. Bausch + Lomb undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law. Article content Article content Article content Article content Contacts Article content Media Contacts Article content : Article content Article content T.J. Crawford Article content Article content Article content Article content (908) 705-2851 Article content Investor Contacts Article content : Article content Article content George Gadkowski Article content Article content Article content Article content
CTV News
25 minutes ago
- CTV News
Ottawa Airport Authority opposed to proposed housing development on Riverside Drive
An Air Canada plane takes off from the airport, Monday, July 8, 2024 in Ottawa. THE CANADIAN PRESS/Adrian Wyld The City of Ottawa's Planning and Housing Committee has approved a zoning amendment for a proposed housing development on Riverside Drive that is facing opposition from the Ottawa International Airport Authority. The Taggart Group is proposing a development that would add 660 units in a mix of single-detached and semi-detached homes, townhouses, and apartments in four mid- to high-rise buildings. City staff recommend councillors approve the zoning change to allow low-rise development including single and semi-detached dwellings and new height limits. Staff say in a report prepared for committee that the zoning amendments align with applicable policies for the area and the land sits outside the zones closest to the airport. Councillors on the committee voted 8 to 3 in favour of the zoning change. Riley Brockington, Laine Johnson, Theresa Kavanagh, Clarke Kelly, Catherine Kitts, Tim Tierney, Ariel Troster, and Jeff Leiper voted in favour. Laura Dudas, Cathy Curry and Wilson Lo voted against. Planning committee Ottawa's Planning and Housing Committee meets June 18, 2025. (Kimberley Fowler/CTV News Ottawa) Airport Authority opposes development Joel Tkach, vice‑president of business development & marketing at the Ottawa International Airport Authority, spoke to committee to express the airport's opposition to the development. 'This site sits underneath the flight path of Runway 14 32 – YOW's longest – and within the circuit loop for general aviation and flight training on Runway 04 22 – our shortest,' he said. 'On average, eighty aircraft movements occur here daily, at altitudes between 50 to 150 metres. Although the proposed residential development land lies just barely outside the Airport Operating Influence Zone, noise doesn't respect lines on a map.' Airport zoning map A map showing Ottawa International Airport zoning regulations. The magenta star represents the site of a proposed housing development at 3930 Riverside Dr. (City of Ottawa) City staff say a noise feasibility assessment was done one the site to review both roadway traffic and aircraft noise. 'Typical commercial windows are expected to be sufficient to attenuate aircraft noise; in addition, a detailed noise assessment will be required at the time of site plan control review and approval for specific noise control measures,' the report said. Tkach said, however, the development could harm airport operations. 'We've seen what happens when homes encroach on airports. Montreal‑Trudeau, Toronto‑Pearson, and Toronto-Billy Bishop downtown have all endured waves of complaints, political pressure, curfews, and therefore lost air service,' he said. Tkach said the airport received 140 noise complaints from approximately 85 homes last year. 'We confirm that residents will endure constant overhead traffic from heavy jets and low‑flying single‑engine aircraft. And guess what? A note on title about airport proximity does nothing to comfort someone who can't sleep, can't concentrate, or can't enjoy their own home.' Development designed to reduce noise Kyle Kazda, development manager with Taggart, told committee the design of the project would help shield residents from noise. 'Part of the layout of the site from the beginning did consider the potential for impacts from both airport noise and traffic from Hunt Club and Riverside. This has informed the massing of the towers along those two major streets, which, at minimum would shield, from a traffic noise perspective, the low-rise residential from that exposure,' he said. He said the low-rise buildings would use wall components, roof sheathing and insulation intended to dampen noise for residents inside. 'We also will be undertaking site-specific noise studies for the four apartment blocks on the site, which will include on-site receptors measuring aircraft noise and then ensuring that those building components also will properly attenuate noise to ensure residents are comfortable.' Homebuyers and tenants would be informed in advance of the potential for noise when moving in, Kazda added. Audrey Belanger, president of the Hunt Club Community Association, urged committee to approve the zoning amendment. 'The biggest mistake we and council members could make, is to think that our personal preferences are representative of everyone's needs,' she said in a statement to CTV News Ottawa. 'We need housing and infrastructure that meets all residents', current and future, needs and not just what we personally currently want or use.' The report will go to full city council June 25.
CTV News
26 minutes ago
- CTV News
Updated ETS trip planner now a city-owned tool
A screenshot of Edmonton Transit Service's new trip planner, unveiled in June 2025. (Source: City of Edmonton) Edmonton Transit Service has replaced its third-party trip planner with its own. The first-party tool directly links to the ETS system to provide the most up-to-date information through alerts, real-time bus tracking and scheduling information, the city said in a news release on Wednesday. It also provides route information from regional transit partners in Strathcona County, Fort Saskatchewan, St. Albert, Beaumont, Leduc and Spruce Grove. The old ETS Live tools will redirect users to the new trip planner.
