Latest news with #TorontoStockExchange
Business Recorder
a day ago
- Business
- Business Recorder
TSX retreats from record high, investors assess US and EU trade deal
Canada's commodity-heavy main stock index scaled back from its record high on Monday, pressured by mining shares, while investors assessed a trade deal between the U.S. and the European Union. The Toronto Stock Exchange's S&P/TSX composite index was down 0.5% at 27,356.44 points. The U.S. struck a framework trade agreement with the EU on Sunday, imposing a 15% tariff on most EU goods and requiring the bloc to invest around $600 billion in the U.S. Other countries are also looking to finalize trade deals before the August 1 tariff deadline. But U.S. President Donald Trump said on Friday the country may not reach a trade agreement with Canada. 'For whatever reason, the U.S. does not feel Canada is important enough to get a deal done, at least with any urgency… and that obviously is a big problem,' said Allan Small, senior investment advisor at Allan Small Financial Group with iA Private Wealth. But in general, investors are focused on artificial intelligence, chips, semiconductors and U.S.-China relations at the moment, Small said, adding that if those negotiations go well, 'it is possible that the market could withstand the non-negotiations between Canada and the U.S.' Top U.S. and Chinese economic officials met in Stockholm on Monday to resume talks to resolve longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months. On TSX, mining stocks fell 2.4%, tracking lower gold prices. New Gold slipped the most, down 6.6%, after the company reported second-quarter results. The energy subindex gained 1.2%, tracking higher oil prices. Company-wise, First National Financial said it had agreed to be acquired by private-equity firm Birch Hill Equity Partners and asset manager Brookfield Asset Management in a C$2.9 billion ($2.12 billion) deal. Its shares jumped 13.1%. This week, investors will monitor policy decisions from the U.S. Federal Reserve and the Bank of Canada, and earnings from some 'Magnificent Seven' companies.
Cision Canada
a day ago
- Business
- Cision Canada
Scotiabank to Announce Third Quarter 2025 Results Français
TORONTO, July 28, 2025 /CNW/ - Scotiabank will announce its third quarter results on Tuesday, August 26, 2025. Financial results will be issued in a press release at approximately 6:00 a.m. ET on Tuesday, August 26, 2025. The results will be available on Scotiabank's Investor Relations Financial Results page Scotiabank Results Conference Call The conference call will take place on Tuesday, August 26, 2025, at 8:15 a.m. ET and is expected to last approximately one hour. Interested parties are invited to access the call live: Via telephone, in listen-only mode, at 416-340-2217 or 1-800-806-5484 (North America toll-free) using access code 3178065#. Please call shortly before 8:15 a.m. ET. On the Investor Relations Financial Results page. The call will feature a presentation by Scotiabank executives, followed by a question-and-answer period with analysts. Conference Call Archive A telephone replay will be available between Tuesday, August 26, 2025, and Friday September 25, 2025, by calling 905-694-9451 or 1-800-408-3053 (North America toll-free). The access code is 6220080# The archived webcast will be available on the Investor Relations Financial Results page following the call. About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at April 30, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit and follow us on X @Scotiabank.
Hamilton Spectator
a day ago
- Business
- Hamilton Spectator
Globex Mining Enterprises Inc. Announces Renewal of Normal Course Issuer Bid
ROUYN-NORANDA, Québec, July 28, 2025 (GLOBE NEWSWIRE) — GLOBEX MINING ENTERPRISES INC. (GMX – Toronto Stock Exchange, G1MN – Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz Stock Exchanges and GLBXF – OTCQX International) is pleased to announce that the Toronto Stock Exchange ('TSX') has approved the renewal of Globex's normal course issuer bid ('NCIB'). Under the renewed NCIB, Globex will be entitled to repurchase for cancellation up to 1,000,000 common shares, representing approximately 1.78% of Globex's issued and outstanding shares as of July 21, 2025, over a twelve-month period starting on August 2, 2025 and ending on August 1, 2026. The purchases by Globex will be effected through the facilities of the TSX and on alternative trading systems in Canada, and will be made at the market price of the shares at the time of the purchase. Globex had 56,095,636 common shares issued and outstanding as of July 21, 2025, of which 48,662,545 shares constituted the 'public float'. During the most recently completed six months, the average daily trading volume for Globex's common shares on the TSX was 31,900 shares. Consequently, under the policies of the TSX, Globex will have the right to repurchase during any one trading day a maximum of 7,975 common shares on the TSX, representing 25% of the average daily trading volume. In addition, Globex may make, once per calendar week, a block purchase (as such term is defined in the TSX Company Manual) on the TSX of common shares not directly or indirectly owned by insiders of Globex, in accordance with the policies of the TSX. Globex intends to acquire the common shares because it believes that the repurchase of common shares at certain market prices is beneficial to Globex and its shareholders. Globex intends to make any purchases on an opportunistic basis, taking share price and other considerations into account. Any purchases made pursuant to the NCIB will be made in accordance with the requirements of the TSX. Except for exempt offers, Globex will make no purchases of common shares other than open market purchases during the period of the NCIB. Under its current NCIB, which entered into effect on August 2, 2024 and which expires on August 1, 2025, Globex is authorized to purchase up to 1,000,000 shares. Under the NCIB, Globex has repurchased a total of 169,200 common shares at a volume weighted average purchase price of $0.8971 per share, through the facilities of the TSX and on alternative trading systems in Canada. All of the repurchased shares were cancelled by Globex. In connection with the NCIB, Globex has entered into an automatic share purchase plan with a Canadian securities dealer pursuant to which the securities dealer, acting as Globex's agent, may acquire at its discretion shares on Globex's behalf during 'black-out' or 'closed' periods under Globex's stock trading policy, subject to certain parameters as to price and number of shares. Forward Looking Statements Except for historical information, this news release may contain certain 'forward looking statements'. These statements may involve a number of known and unknown risks and uncertainties and other factors that may cause the actual results, level of activity and performance to be materially different from the expectations and projections of Globex Mining Enterprises Inc. ('Globex'). No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, or if any of them do so, what benefits Globex will derive therefrom. A more detailed discussion of the risks is available in the 'Annual Information Form' filed by Globex on SEDAR+ at . 56,095,636 shares issued and outstanding
Bloomberg
4 days ago
- Business
- Bloomberg
GO Residential Shares Drop 3.3% After $410 Million Toronto IPO
GO Residential Real Estate Investment Trust shares declined as much as 3.3% after the New York property vehicle raised $410 million in the first corporate initial public offering on the Toronto Stock Exchange this year. Shares of GO Residential traded at $14.50 each on Friday as of 9:44 a.m. in Toronto, versus an IPO price of $15 apiece. The offering of 27.34 million shares priced on Thursday, according to a statement. The REIT will indirectly own a portfolio of luxury high-rise apartments in New York City, and plans to use the proceeds of the IPO to acquire them, a prospectus shows.
Toronto Star
5 days ago
- Business
- Toronto Star
Middlefield Healthcare Dividend ETF Distributions
TORONTO, July 24, 2025 (GLOBE NEWSWIRE) — Middlefield Healthcare Dividend ETF (TSX: MHCD) (the 'Fund') is pleased to announce that distributions for the third quarter of 2025 will be payable to unitholders of Middlefield Healthcare Dividend ETF as follows: The trust units trade on the Toronto Stock Exchange under the symbol MHCD.
