Financial News

Trump Says Iran 'Better Stop' Reported Hormuz Tanker Fees

Research Alert: Claude Managed Agents Spark Broader Software Sell-off As Impact Widens

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Software stocks declined today following Anthropic's launch of Claude Managed Agents, which enable developers to build AI Agents more efficiently, reigniting displacement concerns. The offering tackles complex workflows while managing infrastructure, potentially closing the gap between commercial solutions and in-house development. We believe this poses risks to application software firms with agentic products, developer platforms (NET, GTLB), and infrastructure/data monitoring segments of cybersecurity firms, as organizations may develop their own AI Agents with reduced vendor support. Despite ongoing volatility from LLM provider advancements, we maintain our preference for platform software vendors and cybersecurity firms. In our view, proprietary data that AI Agents require for accurate decision-making provides Systems of Record vendors competitive advantages, while cybersecurity firms benefit from increased threat complexity amid broader AI adoption.

Afya Insider Sold Shares Worth $399,957, According to a Recent SEC Filing

Lelio de Souza Junior, Vice President, on April 07, 2026, sold 26,753 shares in Afya (AFYA) for $399,957. Following the Form 4 filing with the SEC, de Souza has control over a total of 16,279 Class A common shares of the company, with 16,279 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1771007/000095010326005575/xslF345X05/ownership.xml

Lundin Gold Reports Q1 Production of 119,742 Ounces of Gold

Lundin Gold (LUG.TO) after trade Thursday reported first-quarter gold production of 119,742 ounces from its Fruta del Norte gold mine in southeast Ecuador, higher than in the prior corresponding period, while it saying it is "on track" to achieve its 2026 production guidance.Of the total quarterly gold production, 79,451 ounces were produced as concentrate and 40,291 oz as dore, a statement said. During the same quarter in 2025, the company produced 117,313 oz of gold, it added.The company said in the first quarter, the mill processed 496,798 tonnes of ore resulting in an average throughput rate of 5,520 tonnes per day at an average grade of 8.4 grams per tonne with recoveries of 89.2%."First quarter production of 119,742 ounces marks a strong start to 2026, reflecting an increase in mill throughput and stable operating performance at Fruta del Norte. During the quarter, average throughput exceeded our annual guidance rate of 5,500 tpd, reaching a new quarterly record of 5,520 tpd. With this strong operating momentum, we are on track to achieve our 2026 production guidance of 475,000 to 525,000 ounces of gold while maintaining a focus on optimizing recoveries and overall mine and plant performance," chief executive Jamie Beck said.Shares in Lundin Gold closed up $0.11to $112.78 on the Toronto Stock Exchange.

Ovintiv Closes US$3 Billion Anadarko Asset Sale; Set to Redeem US$700 Million Notes

Ovintiv (OVV.TO) after trade on Thursday said it completed the all-cash sale of its Anadarko assets in Oklahoma for US$3 billion, with proceeds of about US$2.85 billion after adjustments.Chief Executive Brendan McCracken said the deal completes the transformation of the company's portfolio and balance sheet. "Proceeds from the sale will go to debt reduction, marking the achievement of our debt target and unlocking returns for our shareholders."The company added that it will redeem its entire US$700 million of 5.650% notes due 2028, with the redemption set for April 20.

Dundee Renews Normal Course Issuer Bid on Class A Subordinate Voting Shares

Dundee (DC-A.TO) after the close Thursday said it received exchange approval to renew its normal course issuer bid (NCIB) to buy back and cancel up to 6.4-million Class A shares over 12 months.The company said the allowed amount is 10% of its public float of Class A shares. The NCIB runs from April 14 to April 13, 2027."The renewal of our normal course issuer bid reflects our commitment to disciplined capital allocation. We continually assess share repurchases alongside other opportunities to deploy capital as we execute on our strategy to identify and collaborate in the development of mining businesses," said Jonathan Goodman, president and CEO of Dundee.Under Dundee's current NCIB, which expires on April 13, the company bought back 193,598 Class A shares of an allowed 6.44-milllion shares.Shares of the company closed up $0.13 at $4.05 on Toronto Stock Exchange on Thursday.

Ovintiv Closes $3 Billion Anadarko Asset Sale

Ovintiv (OVV) said late Thursday it has completed the previously announced all-cash sale of its Anadarko Basin assets in Oklahoma for $3 billion.After adjustments, the company expects about $2.85 billion in proceeds, mainly to reduce debt and bolster its balance sheet.The company also announced it has issued a notice to fully redeem its $700 million of 5.650% notes due 2028, with redemption set for April 20.

Goldsky Shareholders OK Agnico Eagle as a Control Person in Connection with Goldsky Becoming 100% Owner of Barsele Gold Project; Goldsky Provides Corporate Update

Nouveau Monde Graphite Raising US$297 Million to Fund Its Matawinie Mine Project

Nouveau Monde Graphite (NOU.TO) after trade Thursday said it will raise a $297 million in a private placement of shares and concurrent bought-deal share offering.The company has secured $213 million in the private placement, with commitments of US$82 million from Canada Growth Fund, US$61 million from the Quebec government through Investissement Quebec, and US$70 million from Eni (E), subject to shareholder approval, the company saidThe company is raising an additional $84 million in bought-deal share offering.Proceeds will be used for the design, engineering and construction of the phase 2 expansion of its Matawinie Mine in Quebec ahead of a final investment decision (FID) for the project, as well as general and administrative expenses and working capital, the company said."Equity financing, together with previously announced US$335 million project debt facilities commitment, is expected to fully secure the funds required for the Phase 2 Matawinie Mine and advance the project to FID," it added.The private placement is expected to close around May 15, just before the shares from the public offering are issued, according to the statement.The company's shares closed up $0.07 to $3.26 on the Toronto Stock Exchange.

Allied Properties REIT Adds Board's Size Will Be Cut to Eight Members, Seven of Whom Are Independent; Jennifer Tory Will Assume Role of Board Chair

Allied Properties REIT Says As Previously Announced, Executive Chair Michael Emory's Employment Agreement Won't Be Renewed on May 2, 2026

Allied Properties REIT Announcing Chief Financial Officer Nanthini Mahalingam Leaving Co; Will Remain In Her Role Until Oct. 30, 2026, To Facilitate Transition

Earnings Flash (CWL.TO) Caldwell Reports Q2 Revenue C$27.3M Vs 23.158M YoY; Basic EPS $0.01 Vs Loss $0.007

Okta Insider Sold Shares Worth $508,583, According to a Recent SEC Filing

Larissa Schwartz, Chief Legal Officer and Corporate Secretary, on April 07, 2026, sold 6,377 shares in Okta (OKTA) for $508,583. Following the Form 4 filing with the SEC, Schwartz has control over a total of 54,825 Class A common shares of the company, with 54,825 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1660134/000196812526000007/xslF345X05/wk-form4_1775768642.xml

Nasdaq, S&P 500 Extend Winning Streak as Truce Remains Intact

The Nasdaq Composite and the S&P 500 posted their seventh straight day of gains as a two-week ceasefire between the US and Iran appeared to remain on track.The Nasdaq closed 0.8% higher at 22,822.4, its highest close since Feb. 26 -- two days before the US-Israel war with Iran started. The S&P 500 climbed 0.6% to 6,824.7.The Dow Jones Industrial Average added 0.6% to settle at 48,185.8, advancing for a second consecutive session.Barring energy and health care, all sectors were in the green, led by consumer discretionary's 2.5% rise.Officials from Washington and Tehran are expected to meet this weekend in Pakistan, which helped broker the truce.Israeli Prime Minister Benjamin Netanyahu said the country would negotiate with Lebanon on disarming Hezbollah, CNN reported Thursday. Iranian state media previously reported that transit through the Strait of Hormuz was halted following Israeli attacks on Lebanon.Oil prices jumped, with West Texas Intermediate crude last up 4.9% at $99.06 per barrel. The benchmark hit up to $102.70 per barrel earlier in the session as shipment activity through the Strait of Hormuz remained restricted. Brent crude climbed 2.4% to $96.99 per barrel.The rebound in oil prices follows the sharpest one-day pullback since 2020 in the previous session following the ceasefire announcement."With a full reopening of the strait unlikely in the near term, oil prices are expected to remain supported, as disruptions linked to reduced output and refinery shutdowns will take time to unwind," ING Bank said in a note.US Treasury yields were declining, with the 10-year rate down 1.5 basis points at 4.29% and the two-year rate falling 2.1 basis points at 3.77%.In economic news, US inflation accelerated sequentially in February as real consumer spending edged higher, with analysts expecting price pressures to intensify due to the spillover effects of the Middle East conflict.The Federal Reserve's preferred inflation metric -- which excludes food and energy -- rose 0.4% month over month, unchanged from January's reading. Annual growth slowed to 3% from 3.1%. All inflation prints met estimates in Bloomberg-compiled surveys."With headline inflation likely to test 4% soon, there is little chance the Fed will ease policy in the near term," BMO Capital Markets said in a note.The US economy expanded at a slower rate in the fourth quarter than previously projected, as consumer spending growth decelerated, the Bureau of Economic Analysis' third estimate showed Thursday."The downward revision to (fourth-quarter) GDP is not a major concern, as it was driven by the volatile inventory component," Oxford Economics Chief US Economist Michael Pearce said in remarks e-mailed to. "Gross domestic income -- a better gauge of underlying activity -- and gross domestic output of private business showed the core of the economy was still expanding at a healthy pace at the end of last year."In company news, CoreWeave (CRWV) agreed to supply artificial intelligence cloud capacity to Meta Platforms (META) in a $21 billion deal as the companies expanded their partnership amid robust demand for infrastructure supporting AI workloads. CoreWeave shares rose 3.5%, while Meta gained 2.6%.Ares Management (ARES) agreed to acquire and take private Whitestone REIT (WSR) in an all-cash deal worth about $1.7 billion. Whitestone shares jumped nearly 12%, while Ares was virtually flat.Brown-Forman (BF.A, BF.B) was approached by Sazerac about a potential transaction amid ongoing discussions with French spirits company Pernod Ricard, The Wall Street Journal reported Thursday, citing people familiar with the matter. The company's class B shares surged nearly 13%, the top gainer on the S&P 500, while its A shares soared 11%.Chevron (CVX) said it expected higher commodity prices driven by the Middle East conflict to boost first-quarter earnings in its upstream segment by up to $2.2 billion, though timing impacts could weigh on the oil giant's bottom line. The company's shares fell 1.3%, among the worst performers on the Dow.Gold was last up 0.4% at $4,795.80 per troy ounce, while silver advanced 0.6% to $76.84 per ounce.

Earnings Flash (CGO.TO) Cogeco Inc. Updated FY26 Financial Guidelines for Revs, Adjusted EBITDA and CapEx On Network Expansion Projects

Earnings Flash (CGO.TO) Cogeco Inc. Reports Q2 Revenue $713.0M, Down 5.3% YoY; Adjusted Profit UP 0.6%

Earnings Flash (CCA.TO) Cogeco Communications Updated FY6 Financial Guidelines for Revs, Adjusted EBITDA and Capital Spending On Network Expansion Projects

Earnings Flash (CCA.TO) Cogeco Communications Reports Q2 Revenue $693.6M Vs $732.426M A Year Ago; Adjusted Profit Up 3.1%

Postmedia Network Canada Swings To Profit On Foreign Exchange Gains As Revenue Slips

Postmedia Network Canada (PNC-A.TO, PNC-B.TO) after the close on Thursday reported a swing to net profit in its fiscal second quarter, driven by higher foreign exchange rates, despite an annual decline in revenue.The company said its net income in the quarter ended Feb. 28 stood at C$3.5 million, or $0.04 per share, compared to a loss of $16.0 million, or $0.16, in the year-prior quarter.The newspaper publisher attributed the swing to profit on jump in operating income, an increase in foreign currency exchange gains and a decrease in losses on derivative financial instruments, partially offset by an increase in interest expense and a decrease in gain on disposal of right of use assets and assets held-for-sale.Operating income before depreciation, amortization and restructuring and other in the quarter was $10.7 million, an increase of $0.9 million relative to the same period in the prior year.Revenue for the quarter was $110.0 million as compared to $110.8 million a year earlier. The revenue drop was primarily due to lower advertising and circulation revenue, partially offset by increases in parcel revenue, the company said."While we continue to navigate ongoing pressures in advertising and the broader media environment, growth in parcel and content revenue helped offset some of these declines in the quarter," said chief executive Andrew MacLeod. "Looking ahead, we are encouraged by the opportunities created through the recent acquisition of accelerate360 Canada and by our continued investment in digital transformation, highlighted most recently by the launch of the new Montreal Gazette website. Together, these efforts strengthen our connection with audiences and customers, support our diversified revenue strategy, and position the company for growth and sustainable long-term performance."