Latest news with #CanadianDollars
Business Wire
3 days ago
- Business
- Business Wire
Everybody Loves Languages Reports Financial Results for the First Quarter Ended March 31, 2025
TORONTO--(BUSINESS WIRE)-- Everybody Loves Languages Corp. (' ELL ') (TSX-V: ELL; OTC: LMDCF; FSE: LIMA), an edtech language learning edutainment and content development company, announces its financial results for the first quarter ended March 31, 2025. All figures are reported in Canadian Dollars and are in accordance with International Financial Reporting Standards unless otherwise noted. Operational Highlights Online English Language Learning: AcadeMe Junior Launched AVI - an AI based online tutor Added Gameficiation throughout the platform Added a teacher feature to enable flexible lesson assignment Developed 90 new lessons focusing on grammar and vocabulary Portuguese Course Refreshed material and developed additional lessons for the advanced levels English for Success Initiated a native app development project Content Based Learning: Continued to receive feedback from the Ministry of Education in China and teachers to adjust and modify content as required Q1 2025 Financial Highlights Revenue for the first quarter ended March 31, 2025 totalled $362,953 as compared to $149,977 in Q1 2024. Operating and development expenses for the quarter ended March 31, 2025, totalled $521,276 compared to $492,225 in Q1 2024. Net loss for the quarter ended March 31, 2025, totalled $(171,434) or $(0.00) loss per share (basic) based on 35.6 million shares or $(0.00) loss per share (diluted) based on $36.1 million shares as compared to a net loss of $(300,461) for 2024 or $(0.01) loss per share (basic and fully diluted). Loss before amortization, share-based payments, depreciation, finance charges and taxes was $(158,323) compared to $(436,754) in 2024. 'Everybody Loves Languages has introduced several important new features, most notably an AI-based tutor named AVI. We remain committed to enhancing our platform and are optimistic about a positive response from the market,' said Gali Bar-Ziv, President & CEO of Everybody Loves Languages. The interim condensed financial statements for the quarter ended March 31, 2025, and Management Discussion & Analysis are available at About Everybody Loves Languages Corp. (TSX-V: ELL; OTC: LMDCF; FSE: LIMA): Everybody Loves Languages Corp. is an edtech language-learning and content development company empowering language educators to easily transition from traditional teaching methods to digital learning by integrating education, edutainment, and technology. The company provides online and print-based solutions through two distinct business units: Everybody Loves Languages Inc. and Lingo Learning Inc. Everybody Loves Languages is a state-of-the-art technology platform that delivers personalized learning experiences in classrooms and online. Its programs provide innovative SaaS-based eLearning solutions, including online and offline content, a learning management system, assessments, real-time reports, speech recognition technology, and white-label tools. At the same time, Lingo Learning is the content development arm and co-publishes print-based English language learning materials in China. Everybody Loves Languages has established successful relationships with key government and industry organizations internationally, with a presence in LATAM and China, and continues to expand its product offerings and extend its market reach. Follow Everybody Loves Languages on social media: Portions of this press release may include "forward-looking statements" within the meaning of securities laws. These statements involve known and unknown risks, uncertainties or other factors that could cause actual results to differ materially from the results, performance, or expectations implied by these forward-looking statements. These statements are based on management's current expectations and involve certain risks and uncertainties. Actual results may vary materially from management's expectations and projections and thus readers should not place undue reliance on forward-looking statements. Everybody Loves Languages has tried to identify these forward-looking statements by using words such as "may," "should," "expect," "hope," "anticipate," "believe," "intend," "plan," "estimate" and similar expressions. Everybody Loves Languages' expectations depend upon general economic conditions, the continued and growth in demand for its products, retention of its key management and operating personnel, its need for and availability of additional capital and other uncontrollable or unknown factors. No assurance can be given that the actual results will follow the forward-looking statements. Except as otherwise required by securities laws, Everybody Loves Languages undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, changed circumstances or any other reason. Certain factors that can affect the Company's ability to achieve projected results are described in the Company's filings with the Canadian securities regulators available on
Globe and Mail
5 days ago
- Business
- Globe and Mail
ROYAL BANK OF CANADA REPORTS SECOND QUARTER 2025 RESULTS
All amounts are in Canadian dollars and are based on financial statements presented in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our Q2 2025 Report to Shareholders and Supplementary Financial Information are available at and on
Globe and Mail
7 days ago
- Business
- Globe and Mail
Scotiabank reports second quarter results
All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended April 30, 2025 and related notes prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), unless otherwise noted. Our complete Second Quarter 2025 Report to Shareholders, including our unaudited interim financial statements for the period ended April 30, 2025, can also be found on the SEDAR+ website at and on the EDGAR section of the SEC's website at Supplementary Financial Information is also available, together with the Second Quarter 2025 Report to Shareholders on the Investor Relations page at
Business Upturn
15-05-2025
- Business
- Business Upturn
A Guide to Exchanging Canadian Dollars in Gujarat: What You Should Know
As of 2025, India's outbound travel continues to grow, with more than 29 million international trips projected this year. Among the top destinations is Canada, which welcomed a significant number of Indian visitors in 2024, including students, tourists, and business travelers. With this growing trend, the demand for the Canadian Dollar (CAD) has risen sharply—especially in prominent cities across Gujarat, such as Ahmedabad, Vadodara, and Surat. Whether you're planning to study, settle, or explore Canada, knowing how to efficiently convert Indian Rupees (INR) to Canadian Dollars (CAD) is vital. This guide will walk you through everything—from where to exchange currency in Gujarat to how to secure the best rates legally and safely. Why Canadian Dollar is in High Demand in Gujarat Cities like Ahmedabad, Vadodara, and Surat are home to a large number of students aspiring to study abroad, families migrating, and businesses with Canadian ties. The rise in immigration, education, and tourism to Canada has fueled a strong demand for CAD. Students heading to Canadian universities Professionals with business connections in Canada Tourists and families traveling to visit relatives or explore the country The demand for Canadian Dollars is particularly high in urban Gujarat, specifically cities like Ahmedabad, Vadodara & Surat seeing steady growth due to its globally connected business ecosystem. Understanding the INR to CAD Conversion Before exchanging currency, it's important to: Check live exchange rates: Visit trusted forex platforms or RBI-authorized money changers like Orient Exchange. Visit trusted forex platforms or RBI-authorized money changers like Orient Exchange. Know the buy/sell rate difference: Buy rate = what you pay to get CAD. = what you pay to get CAD. Sell rate = what you get when converting CAD back to INR. = what you get when converting CAD back to INR. Watch out for hidden fees: Some providers might show a great rate but add steep service charges. Where to Exchange Currency in Gujarat If you're looking for currency exchange in Surat, Ahmedabad, or Vadodara, several options are available—but not all guarantee security, transparency, and value. Authorized Money Changers (AMCs) Orient Exchange is an RBI-authorized forex provider with branches in Ahmedabad, Vadodara, and Surat, offering secure, transparent, and cost-effective CAD exchange services. Why choose Orient Exchange in Gujarat: ✅ RBI-authorized with 20+ years of trust ✅ Competitive INR to CAD rates ✅ Zero hidden fees ✅ Online booking & branch pickup ✅ Same-day delivery option Most banks offer foreign exchange, but they generally provide less competitive rates than dedicated money changers and may have longer processing times. Airport counters are the least recommended due to poor exchange rates and high charges. Only use them in emergencies. Documents Required for Exchanging INR to CAD To legally exchange INR to CAD in India, you'll need: Valid passport Confirmed air ticket (within 60 days of exchange) PAN card (if exchanging over ₹50,000) Student visa (if traveling for education) Bring both originals and photocopies for verification at the exchange center. Tips to Get the Best INR to CAD Rates in Gujarat Lock rates early: CAD rates fluctuate—booking in advance helps you lock in favorable rates. CAD rates fluctuate—booking in advance helps you lock in favorable rates. Compare online: Visit Orient Exchange's website or other trusted forex platforms. Visit Orient Exchange's website or other trusted forex platforms. Avoid last-minute exchanges : Exchange Money few days prior to trip, avoid exchanging at airports. Exchange Money few days prior to trip, avoid exchanging at airports. Look for zero-margin offers: Some providers offer live rates without markup. Some providers offer live rates without markup. Check buy-back policy: Unused CAD? Some exchangers offer easy buy-back services. How Much CAD Can You Legally Carry? As per RBI regulations, you can carry up to USD 3,000 equivalent in foreign currency (including CAD) in cash. You can carry more via forex cards or traveler's cheques, depending on the travel purpose (education, business, etc.) and supporting documents. Avoiding the Risks of Unofficial Exchanges While local agents might promise better CAD rates, the risks far outweigh the benefits: Risk of counterfeit currency No official receipt or documentation No return or buy-back options Legal consequences for holding unaccounted foreign currency Always choose licensed forex providers like Orient Exchange for safe, legal currency exchange in Gujarat. How Orient Exchange Simplifies INR to CAD Conversion in Gujarat With branches in Ahmedabad, Vadodara, and Surat, Orient Exchange makes exchanging INR to CAD simple and hassle-free: Online booking: Reserve live CAD rates and pick up at a branch Reserve live CAD rates and pick up at a branch Doorstep delivery (available in select areas) (available in select areas) Student support: Special rates and guidance for Canadian university goers Special rates and guidance for Canadian university goers Instant delivery: Fast processing for urgent travel Fast processing for urgent travel 1-on-1 advisory: Help with forex card options, required documents, and limits Final Thoughts While CAD exchange might seem like a minor task, it plays a big role in how smoothly your Canada journey begins. With the demand for Canadian Dollars rising across Ahmedabad, Vadodara, and currency exchange in Surat, choosing a reliable, RBI-compliant forex partner is essential. Orient Exchange Gujarat stands out for offering competitive rates, transparent service, and strong customer support—whether you're a student, traveler, or entrepreneur. Looking to exchange INR to CAD in Gujarat? Visit Orient Exchange in Ahmedabad, Vadodara, or Surat, or book online today for best CAD rates, verified service, and total peace of mind.
Yahoo
30-04-2025
- Business
- Yahoo
Galantas Report Financial Results for the Year Ended December 31, 2024
TORONTO, April 30, 2025 (GLOBE NEWSWIRE) -- Galantas Gold Corporation (TSX-V & AIM: GAL) (the 'Company') is pleased to announce its audited financial results for the year ended December 31, 2024. A copy of the Financial Statements and Management Discussion and Analysis will be sent to shareholders in due course and are available on the Company's website at Financial Highlights Highlights of the 2024 results, which are expressed in Canadian Dollars, are summarized below: All figures denominated in Canadian Dollars (CDN$) Year EndedDecember 31 2024 2023 Revenue $ 0 $ 0 Cost and expenses of operations $ (112,568) $ (182,295) Loss before the undernoted $ (112,568) $ (182,295) Depreciation $ (434,912) $ (515,003) General administrative expenses $ (4,611,618) $ (4,243,507) Foreign exchange gain (loss) $ (561,986) $ (233,651) Unrealized gain on derivative fair value adjustment $ 1,870,422 $ 241,886 (Reversal) / Impairment of property, plant and equipment and exploration and evaluation assets $ 3,250,867 $ (3,635,570) Write-down of prepaid expenses $ 888,889 $ 0 Net (Loss) for the year $ (1,488,684) $ (8,568,140) Working Capital Deficit $ (16,218,988) $ (12,599,514) Cash gain/(loss) from operating activities before changes in non-cash working capital $ (1,098,038) $ (1,788,453) Cash at December 31, 2024 $ 525,643 $ 2,593,265 Sales revenue for the year ended December 31, 2024 amounted to $ Nil compared to revenue of $ Nil for the year ended December 31, 2023. Shipments of concentrate commenced during the third quarter of 2019. Concentrate sales provisional revenues totalled US$ 853,591 for the year 2024 compared to US$ 1,103,532 for 2023. Until the mine commences commercial production, the net proceeds from concentrate sales are being offset against development assets. The Net Loss for the year ended December 31, 2024 amounted to $ 1,488,684 (2023: $ 8,568,140) and the cash outflow from operating activities before changes in non-cash working capital for the year ended December 31, 2024 amounted to $1,098,038 (2023: $1,788,453). The Company had a cash balance of $ 525,643 at December 31, 2024 compared to $ 2,593,265 at December 31, 2023. The working capital deficit at December 31, 2024 amounted to $ 16,218,988 compared to a working capital deficit of $ 12,599,514 at December 31, 2023. Safety is a high priority for the Company and we continue to invest in safety-related training and infrastructure. The zero lost time accident rate since the start of underground operations continues. Environmental monitoring demonstrates a high level of regulatory compliance. The detailed results and Management Discussion and Analysis (MD&A) are available on and and the highlights in this release should be read in conjunction with the detailed results and MD&A. The MD&A provides an analysis of comparisons with previous periods, trends affecting the business and risk factors. Further to the loan agreement the Company entered into with Melquart Ltd. ('Melquart') on February 13, 2023 (the '2023 Loan'), on November 6, 2024 Melquart advanced the Company a further £76,965 on the same terms as the 2023 Loan (the '2024 Advance'). On April 11, 2025, Melquart advanced a further £100,000 to the Company on the same terms as the 2023 Loan (the '2025 Advance'). As a substantial shareholder, Melquart is a related party of the Company and the 2024 Advance and 2025 Advance fell to be evaluated and announced as Related Party Transactions pursuant to AIM Rule 13 where the Directors are required to consider, having consulted with the Nominated Adviser, whether the terms of related party transactions are fair and reasonable in so far as shareholders are concerned. The Board and its Nominated Adviser are currently reviewing the terms of the 2024 Advance and 2025 Advance and a further announcement will be made in due course. Qualified Person The financial components of this disclosure have been reviewed by Alan Buckley (Chief Financial Officer) and the production and permitting components by Brendan Morris (COO), qualified persons under the meaning of NI. 43-101. The information is based upon local production and financial data prepared under their supervision. SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS: This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws, including revenues and cost estimates, for the Omagh Gold project. Forward-looking statements are based on estimates and assumptions made by Galantas in light of its experience and perception of historical trends, current conditions and expected future developments, as well as other factors that Galantas believes are appropriate in the circumstances. Many factors could cause Galantas' actual results, the performance or achievements to differ materially from those expressed or implied by the forward looking statements or strategy, including: gold price volatility; discrepancies between actual and estimated production, actual and estimated metallurgical recoveries and throughputs; mining operational risk, geological uncertainties; regulatory restrictions, including environmental regulatory restrictions and liability; risks of sovereign involvement; speculative nature of gold exploration; dilution; competition; loss of or availability of key employees; additional funding requirements; uncertainties regarding planning and other permitting issues; and defective title to mineral claims or property. These factors and others that could affect Galantas's forward-looking statements are discussed in greater detail in the section entitled 'Risk Factors' in Galantas' Management Discussion & Analysis of the financial statements of Galantas and elsewhere in documents filed from time to time with the Canadian provincial securities regulators and other regulatory authorities. These factors should be considered carefully, and persons reviewing this press release should not place undue reliance on forward-looking statements. Galantas has no intention and undertakes no obligation to update or revise any forward-looking statements in this press release, except as required by law. The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK law by virtue of the European Union (withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. Enquiries Galantas Gold Corporation Mario Stifano – CEO Email: info@ Website: Telephone: 001 416 453 8433 Grant Thornton UK LLP (Nomad) Philip Secrett, Harrison Clarke, Elliot Peters Telephone: +44(0)20 7383 5100 SP Angel Corporate Finance LLP (AIM Broker) David Hignell, Charlie Bouverat (Corporate Finance)Grant Barker (Sales and Broking)Telephone: +44(0)20 3470 0470Sign in to access your portfolio
