Lake Street Sticks to Its Buy Rating for Transcat (TRNS)
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In addition to Lake Street, Transcat also received a Buy from TR | OpenAI – 4o's Nina Cratessa in a report issued today. However, on August 8, Northland Securities reiterated a Hold rating on Transcat (NASDAQ: TRNS).
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Based on Transcat's latest earnings release for the quarter ending June 28, the company reported a quarterly revenue of $76.42 million and a net profit of $3.26 million. In comparison, last year the company earned a revenue of $66.71 million and had a net profit of $4.41 million
Based on the recent corporate insider activity of 15 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TRNS in relation to earlier this year. Most recently, in May 2025, Gillette Christopher P., a Director at TRNS sold 456.00 shares for a total of $54,697.20.
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Globe and Mail
27 minutes ago
- Globe and Mail
Canada's trade strategy suffers from delusions of friendship
John Turley-Ewart is a contributing columnist for The Globe and Mail, a regulatory compliance consultant and a Canadian banking historian. Ontario Premier Doug Ford recently declared on CNN that in Canada, U.S. President Donald Trump is the 'most disliked politician in the world . . . because he has attacked his closest family member.' In January, just before Mark Carney announced his leadership bid for the Liberal Party, he appeared on The Daily Show and told Americans that Canada and the United States could be 'friends with benefits.' Are prominent U.S. leaders making time for media appearances to defend Canada as their 'closest family member'? Believing that trading partners are family, or friends even, betrays our leaders' wide-eyed view of the world that not even historical precedent appears able to shake. It has invited complacency and deepens the damaging economic consequences when trade relationships evolve or break apart. If there is one long-term takeaway for Canadian leaders from Mr. Trump's assault on Canada's access to U.S. markets, it's realizing that countries we trade with are neither family nor friends, but jurisdictions that do business with us – business that is transactional, situational and evolving. We have had Donald Trump-like figures before who upended our economy and who we should have already learned this lesson from. One of the first was Robert Peel, who was the British prime minister between 1841 and 1846. Unlike Mr. Trump, he was a protectionist-turned-free-trader. In 1842, he cut tariffs on British timber imports that gave Canadian timber preferential access to British markets. Consequently, our timber exports fell. In 1846, Mr. Peel dropped Britain's protectionist tariffs on grain, ending Canada's preferential grain market access that had been in place since 1815. Lumber producers praise federal plan to diversify markets amid trade war with U.S. Three years later, Canada's then Governor-General, Lord Elgin, reported that property in Montreal and 'in most of the Canadian towns . . . had fallen by 50 per cent in value' and that 'three-fourths of the commercial men are bankrupt.' By 1854, the search for a market to replace lost share in Britain was secured through a reciprocity deal with the U.S. that removed duties on fish, timber, coal and grain just as railways began to boom in Canada, opening more efficient transportation routes to move Canadian goods south. The good times lasted 12 years. U.S. President Andrew Johnson cancelled the trade deal in 1866, given growing protectionist sentiment in the U.S. and popular belief that the deal was benefitting Canadians more than Americans. The abrogation of the 1854 trade agreement helped cement efforts to create what we now know as Canada through Confederation in 1867, a project that was expected to create one national economy to help compensate for lost trade with the U.S. Today's interprovincial trade barriers measure the success of that intention. There are plenty of other past examples. The U.S. Fordney-McCumber Act in 1922 slapped an average 40-per-cent tariff on imports. This was followed by the American Smoot-Hawley Tariff Act in 1930, and in 1971, President Richard Nixon's administration imposed a 10-per-cent tariff on many Canadian goods crossing the border. Opinion: Ottawa can't let our canola industry – a true Canadian success story – fade away The present isn't any friendlier than the past. Last week, China took hostage Canada's multibillion-dollar canola export trade, imposing 75.8-per-cent duties on Canadian canola seed. This is a transparent attempt to force the federal government to backtrack on Ottawa's 100-per-cent tariff on Chinese-made electric vehicles. Equally transparent is China's goal of crushing our EV sector through the sale of cheap EVs produced using low-wage work, heavily subsidized, stolen or misappropriated IP, and as Human Rights Watch has documented, forced labour. Canada has negotiated many trade agreements with other countries, yet, those deals are often more sizzle than steak. As trade experts noted earlier this year in Policy Magazine, 'Today, Canada has more comprehensive trade agreements than any other G7 country. But having a trade agreement is one thing; leveraging it is another. Utilization rates of these agreements have remained low. . .' The 2017 Canada-EU Comprehensive Economic and Trade Agreement is an example. It has yet to win full ratification by all EU member states. The obstacles are material. Differing approaches to environmental, agricultural and digital regulations and standards are persistent barriers. The Europeans seem not to care, given all the Canadian interprovincial trade barriers that also complicate EU trade with Canada. In Britain, objections to Canada's dairy and supply management systems as well as rules of origin closed the doors on free trade. Trade negotiations with Britain collapsed in 2024. The world isn't made up of countries that want to trade with Canada because they are our family or friends. It's comprised of countries who only value how Canada can serve their economic needs and political agendas. It's time we admitted to that reality. Doing so will at the very least reduce the shock when trade deals go sideways.
CBC
an hour ago
- CBC
Air Canada cancels plans to resume operations as flight attendants defy back-to-work order
Air Canada says it has suspended plans to resume limited operations after the union representing the airline's flight attendants said Sunday it will defy a federal back-to-work order for binding arbitration to end the work stoppage. "Approximately 240 flights scheduled to operate beginning this afternoon have now been cancelled," the airline said in a statement. Air Canada said it will instead resume flights as of Monday evening, but with more than 10,000 flight attendants remaining on strike, it is unclear how Air Canada plans to operate these flights. CBC News has reached out to the airline for clarification. Earlier, the Montreal-based airline announced it planned to resume flights starting Sunday evening, a day after the federal government issued a directive to end a cabin-crew strike that caused the suspension of around 700 daily flights, stranding more than 100,000 passengers. But just hours later, the Canadian Union of Public Employees (CUPE) said in a statement that members would remain on strike, even after the Canada Industrial Relations Board (CIRB) ordered both parties back to work by 2 p.m. ET. It invited Air Canada back to the table to "negotiate a fair deal." "We will be challenging this blatantly unconstitutional order that violates the Charter rights of 10,000 flight attendants, 70 per cent of whom are women, and 100 per cent of whom are forced to do hours of unpaid work by their employer every time they come to work," it said in a statement. "I don't think anyone's in the mood to go back to work," Lillian Speedie, vice-president of CUPE Local 4092, told CBC's News Network at a picket line outside Toronto Pearson International Airport on Sunday. "To legislate us back to work 12 hours after we started? I'm sorry, snowstorms have shut down Air Canada for longer than we were allowed to strike." Some passengers say they left for the airport in the early afternoon with their flight status showing as "on time," only to arrive and find out that their trip had been cancelled following the airline's mid-afternoon announcement. All Air Canada and Air Canada Rouge operations are affected, though flights by Air Canada Express, operated by third-party airlines Jazz and PAL, are not. The airline says customers whose flights are cancelled will be notified and are "strongly advised" not to go to the airport unless they have confirmed flights on other airlines. Air Canada will offer those with cancelled flights other options, including a refund or credit for future travel. The carrier also said it will offer to rebook customers on other carriers, "although capacity is currently limited due to the peak summer travel season." WATCH | Federal government steps in to resolve Air Canada labour dispute: The federal government is stepping in to resolve a labour dispute between Air Canada and the union representing flight attendants, Jobs Minister Patty Hajdu revealed on Saturday. Hajdu told journalists she is ordering binding arbitration and operations to resume. Ottawa moved to intervene in the labour dispute on Saturday, less than 12 hours after the strike and lockout took effect, with federal Jobs Minister Patty Hajdu saying she was invoking Section 107 of the Labour Code to ask the CIRB to send the two sides to binding arbitration, and to order the airline and its flight attendants back to work in the meantime. CBC News reached out to Hajdu to ask how the federal government will respond to the union defying the back-to-work order. Although Hajdu asked the CIRB to hand down the order, her office directed inquires to the board. "Like many Canadians, the minister is monitoring this situation closely. The Canada Industrial Relations Board is an independent tribunal. Please refer to them regarding your question," said a statement to CBC News from Hajdu's press secretary, Jennifer Kozelj, on Sunday afternoon. The union has accused Hajdu of caving to Air Canada's demands. The CIRB also ordered that the terms of the collective agreement between the union and the airline, which expired on March 31, be extended until a new agreement is reached. Air Canada relies on government help: labour expert Air Canada has become dependent on the federal government to solve its labour-relations issues, according to Steven Tufts, an associate professor and labour geographer at York University in Toronto. He mentioned last year's dispute between the airline and the pilots' union; Air Canada asked for the government to be ready to step in before the two sides reached a tentative agreement in September 2024. "[Air Canada] tried to get the government to intervene with pilots last year," Tufts told CBC News Network. "Air Canada has to learn not to call mommy and daddy every time they reach an impasse at the bargaining table. They have to actually sit down and get a deal done with their workers." Air Canada had first asked Hajdu to order the parties to enter a binding arbitration process earlier in the week. But intervention was something she resisted until Saturday afternoon, when she said it became clear the two sides were at an impasse. CUPE maintained it opposed arbitration, instead preferring to solve the dispute through bargaining. It said Hajdu's decision "sets a terrible precedent." "The Liberal government is rewarding Air Canada's refusal to negotiate fairly by giving them exactly what they wanted," the union wrote in a statement Saturday afternoon. The two sides are set to return to the table this week. The union accused Air Canada of refusing to bargain in good faith due to the likelihood of the government stepping in and imposing arbitration. It has said its main sticking points revolve around wages that have been outpaced by inflation during its previous 10-year contract, along with unpaid labour when planes aren't in the air.
Globe and Mail
an hour ago
- Globe and Mail
Think You Missed the Boat? Why These ETFs Are Poised for a Run.
Key Points The Invesco QQQ Trust holds the 100 top non-financial stocks listed on the Nasdaq. The Vanguard Growth ETF holds 165 top growth stocks. The Vanguard S&P 500 ETF has a long record of delivering attractive returns. 10 stocks we like better than Invesco QQQ Trust › Many of the best ETFs have delivered strong returns over the past year. The Invesco QQQ Trust (NASDAQ: QQQ) and Vanguard Growth ETF (NYSEMKT: VUG) have gained more than 20% over the past 12 months, while the Vanguard S&P 500 ETF (NYSEMKT: VOO) has rallied more than 15%. Given these recent gains, investors might think they missed the boat. However, the factors behind these gains aren't likely to fade anytime soon. As a result, these ETFs appear poised to continue their run in the coming years. A high-return fund The Invesco QQQ Trust tracks the Nasdaq-100 Index, which comprises the 100 largest non-financial stocks listed on the Nasdaq stock exchange. These companies invest heavily in research and development (R&D) -- around 11% of their annual sales over the past three years -- to drive innovation. That has supported 10% or greater compound annual growth rates for revenue, earnings, and dividends over the past decade -- significantly outpacing S&P 500 Index companies, whose comparable annual growth rates are in the mid-single digits. As a result, these Nasdaq-100 companies have delivered robust returns for the Invesco QQQ Trust. Over the past 10 years, the ETF has gained nearly 450%, compared with the more than 250% return of the S&P 500 over the same period. At that rate, the fund has grown a $10,000 investment made a decade ago into more than $54,500 today. The fund's past performance doesn't guarantee similar returns in the future. However, with these companies' ongoing focus on R&D, they are well positioned to continue developing new distributive technologies, such as artificial intelligence, quantum computing, and robotics. This next wave of innovation could drive strong returns for the Invesco QQQ Trust in the decade ahead. More growth ahead The Vanguard Growth ETF tracks the CRSP US Large Cap Growth Index, which is focused on the country's largest growth stocks. It currently holds more stocks than the Invesco QQQ Trust, at 165. Its holdings include top growth companies listed on the Nasdaq and New York Stock Exchanges, including financial stocks. As a result, it provides investors with even greater exposure to the country's fastest-growing large companies. This fund has also produced strong returns over the years: Data source: Vanguard. A $10,000 investment made at its inception more than 20 years ago would have grown into over $93,000 today. This fund remains in an excellent position to continue delivering strong returns. Like the Invesco QQQ Trust, its holdings continue to invest in innovation, including new financial technologies, which should support above-average growth rates and returns for investors. Old reliable The Vanguard S&P 500 ETF is the largest ETF in the world by assets under management (AUM), at more than $700 billion. Investors entrust this Vanguard fund with their capital because of its exceptional record of delivering returns in line with the S&P 500, which tracks the 500 largest publicly traded companies in the United States. The S&P 500 is the gold-standard benchmark for investors. While many investors aim to beat the S&P 500's returns, the Vanguard S&P 500 ETF enables investors to join in on the index's returns. Over the past 50 years, the average stock market return as measured by the S&P 500 has been 10% annually. At that rate, the ETF can double an investor's money about every seven years. While the S&P 500's greater diversification across other sectors and inclusion of slower-growing companies will probably lead it to deliver lower returns compared with QQQ and VUG over the long term, the fund has a lower risk profile. As such, the S&P 500, and therefore this fund, is less likely to decline as much as QQQ and VUG during a stock market selloff. This tradeoff makes the fund an ideal long-term investment to complement those funds. Great ETFs to buy and hold long term The Invesco QQQ Trust, Vanguard Growth ETF, and Vanguard S&P 500 ETF are among the top ETFs to buy. They enable investors to participate in the growth of the economy. Given the ongoing expansion driven by innovation, these are great ETFs to buy and hold long-term, even after their runup over the past year. Should you invest $1,000 in Invesco QQQ Trust right now? Before you buy stock in Invesco QQQ Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Invesco QQQ Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $668,155!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,106,071!* Now, it's worth noting Stock Advisor's total average return is 1,070% — a market-crushing outperformance compared to 184% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 13, 2025
