Latest news with #ThomasCaldwell
Business Recorder
05-08-2025
- Business
- Business Recorder
TSX boosted by mining stocks, Fed rate cut optimism
Canada's main stock index rose on Tuesday, rebounding after Friday's selloff, with investors optimistic about the U.S. Federal Reserve cutting interest rates in September. The Toronto Stock Exchange's S&P/TSX composite index rose 1.8% by 10:05 ET (0205 GMT) to 27,495.10 points, after three straight sessions of declines. Global stocks were lifted after traders ramped up bets of a U.S. rate cut in September to almost 94%, according to CME Fedwatch, following last week's soft U.S. nonfarm payrolls data. 'People see (unemployment numbers) as being the rationale for a reduction in interest rates at the Fed, and that's essentially positive for stock markets,' said Thomas Caldwell, Chairman at Caldwell Securities. 'Earnings are coming across fairly well and so the world is moving on, but there's this undercurrent of what will be the longer term damage of tariffs and this upending of world trade.' On the day, material stocks were among top gainers, with gold mining stocks adding 6%. Kinross Gold Corp gained 9% to the top of the index while Novagold, IAMGOLD and Seabridge Gold were up more than 5% each. First Quantum Minerals' shares rose 4.4% after the miner signed a $1 billion deal with Royal Gold. Tech stocks rose 2.8%, boosted by e-commerce platform Shopify's 5.43% climb after brokerage Benchmark raised its target price ahead of earnings on Wednesday. Electronics firm Celestica rose 3% and cybersecurity firm Blackberry climbed 3.4%. All sectors were in the green after TSX posted its biggest decline since April in Friday's selloff. Data showed Canada's merchandise trade deficit widened in June to C$5.9 billion ($4.24 billion) with imports outpacing exports. Canadian ministers are set to start discussing trade with Mexican President Claudia Sheinbaum on Tuesday. U.S. President Donald Trump put a 35% tariff on goods imported from Canada last week.
Yahoo
09-07-2025
- Business
- Yahoo
Urbana Corporation – Report of Voting Results Annual Shareholders' Meeting
(Section 11.3 of National Instrument 51-102) /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./ TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Urbana Corporation (the 'Corporation') (TSX & CSE: URB, URB.A) reports the results of the votes conducted at its Annual Meeting of Shareholders held on June 11, 2025. Election of DirectorsEach of the five director nominees listed in the Corporation's management proxy circular dated May 8, 2025, was elected as a director. The voting results of the election of the five directors are set forth in the table below: Name of Nominee For Withheld Thomas S. Caldwell 5,982,736 (92.63%) 475,974 (7.37%) Beth Colle 6,414,874 (99.32%) 43,836 (0.68%) George D. Elliott 5,961,180 (92.30%) 497,530 (7.70%) Michael B. C. Gundy 5,959,251 (92.27%) 499,459 (7.73%) Charles A.V. Pennock 5,957,060 (92.23%) 501,650 (7.77%) Appointment of AuditorDeloitte LLP was reappointed as the auditor of the Corporation to hold office until the close of the next Annual Meeting of Shareholders. The voting result of this appointment is set forth in the table below: For Withheld 6,447,665 (99.83%) 11,045 (0.17%) On behalf of Urbana's Board of Directors, Thomas S. Caldwell, C.M. For further information: Elizabeth Naumovski Investor Relations (416) 595-9106 enaumovski@ 150 KING ST. W., SUITE 1702, TORONTO, ONTARIO M5H 1J9 TEL: 416-595-9106 FAX: 416-862-2498 Sign in to access your portfolio
