
‘The worst is yet to come': Teneycke on preserving CUSMA in U.S trade talks
Conservative strategist Kory Teneycke on the U.S. negotiations as Prime Minister Carney meets with premiers for an update about ongoing trade talks.
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Toronto Star
18 minutes ago
- Toronto Star
Dorel Provides Update on Long-Term Debt
MONTRÉAL, Aug. 07, 2025 (GLOBE NEWSWIRE) — Dorel Industries Inc. (TSX: DII.B, DII.A) today announced that on August 7, 2025, it again amended its asset backed loan (ABL) facility and term loan facility whereby Dorel's lenders agreed to continue to forebear from enforcing their rights and exercising their remedies under both the ABL facility and term loan facility further to a default by Dorel relating to certain financial covenants. The initial forbearance period commenced on May 9, 2025 and has now been extended to the earlier of September 16, 2025 and the occurrence of any event of default, other than the current event of default, under the ABL facility or term loan facility. Dorel will receive access to US$20.0 million additional liquidity in three tranches under the ABL facility in order to finance new inventory and must continue to provide the lenders with additional reporting during the forbearance period. In addition, the total maximum availability under the ABL facility was decreased to US$150.0 million as part of the amendment. As at June 30, 2025, the total amount of borrowings outstanding under the ABL facility was approximately US$92.0 million. In addition, as previously announced, the Company is continuing to work with two leading capital market advisors to assist in re-capitalizing the Company's balance sheet to allow for growth in the Juvenile segment and support the re-organization of the Home segment. The new structure is intended to replace the current debt structure which no longer matches the Company's needs. Dorel will update stakeholders on developments as they arise.


Globe and Mail
18 minutes ago
- Globe and Mail
ExxonMobil's Bold Bet on the Permian Basin: Massive Growth Ahead?
Exxon Mobil Corporation XOM continues to break records in the Permian – the most prolific shale play in the United States. Along with the second-quarter 2025 earnings, the largest integrated player announced that it produced around 1.6 million barrels of oil equivalent per day (MMBoE/D), marking its highest output ever from this area, highlighting the fact that Permian has already become central to its growth story. XOM is using innovative technologies to achieve this. To keep underground cracks open, which continuously allow more oil and natural gas to flow out of wells, the large integrated energy company has been employing a special material called lightweight proppant. Thus, XOM has been successful in boosting recovery rates to 20% from 15% just a few months ago. This is how the energy giant has become successful in pulling out more oil from the same wells. The integrated energy player is thus showcasing a solid production outlook for the years to come. In the most prolific basin, ExxonMobil projects a ramping up of production to 2.3 MMBoE/D by 2030, suggesting a jump from the current 1.6 MMBoE/D. CVX & FANG's Solid Permian Footprint Like XOM, Chevron CVX and Diamondback Energy, Inc. FANG also produce significant volumes of oil and natural gas from the Permian. Chevron has a strong footprint in the Permian. With more than 2 million net acres of land, CVX has been operating in the basin for more than 100 years. Diamondback Energy is a pure-play Permian operator. FANG has a huge inventory of oil and gas wells, thereby showcasing a solid production outlook. XOM's Price Performance, Valuation & Estimates Shares of XOM have declined 4.7% over the past year against the 4% rise of the industry. From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 6.93X. This is above the broader industry average of 4.31X. The Zacks Consensus Estimate for XOM's 2025 earnings has been revised upward over the past seven days. ExxonMobil currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Beyond Nvidia: AI's Second Wave Is Here The AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. Little-known AI firms tackling the world's biggest problems may be more lucrative in the coming months and years. See "2nd Wave" AI stocks now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chevron Corporation (CVX): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Diamondback Energy, Inc. (FANG): Free Stock Analysis Report


CTV News
18 minutes ago
- CTV News
Montreal home sales up nearly 10% in July as overbidding leading to price increases
A real estate sign showing homes for sale is seen in Montreal on Monday, March 24, 2025. THE CANADIAN PRESS/Christinne Muschi