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TD Bank Hits 52-Week High After OSFI Cuts Capital Buffer
TD Bank shares hit a 52-week high after Canada's OSFI lowered the Domestic Stability Buffer to 3.0%, freeing up capital for lending. The stock rose 0.44% to C$169.38, but U.S. anti-money-laundering issues remain a key risk.
UiPath Shares Dip as AI Automation Product Launch Fails to Impress Investors
UiPath shares closed at $10.27, down nearly 3% for the week, as the market remains skeptical about the company's new AI product launch and looks for stronger growth signals.
Qatar-Donated Boeing 747-8 Begins Final Tests as Interim Air Force One
The U.S. Air Force's $400 million former Qatari Boeing 747-8 begins final tests at Joint Base Andrews, serving as a temporary Air Force One amid delays in Boeing's VC-25B replacements.
US Markets Closed for Juneteenth; Tech-Led Rally Secures Weekly Gains
US stock markets closed Friday for Juneteenth, locking in a tech-led rally. The S&P 500 rose 1.1%, Nasdaq 1.9%, and Dow 0.1% for the week. Investors now focus on Micron earnings and PCE inflation data.
WELL Health Drops 3.7% as Cash Flow Concerns Overshadow Governance
WELL Health Technologies dropped 3.7% in Toronto trading as market participants looked past director election results and focused on a sharp decline in Q1 operating adjusted free cash flow.
MDA Space Jumps on $620M Blue Canyon Buy to Boost US Defense Access
MDA Space shares gained 4.4% in Toronto after it agreed to buy Blue Canyon Technologies from RTX's Raytheon for $620M cash, aiming to expand into U.S. defense-space work.
Fermi Rally Pauses as Nasdaq Halts for Juneteenth; Boardroom Battle Intensifies
Fermi shares jumped 10% to $9.50 ahead of the Juneteenth break, fueled by OpenAI tenant hopes, but the lack of a signed deal leaves the rally vulnerable as a proxy fight with former CEO Toby Neugebauer heats up.
Nu Holdings Shares Steady After Volatile Week Amid Buyback and Credit Concerns
Nu Holdings shares closed at $12.71 after a volatile week, with analyst downgrades on credit costs and CFO transition balanced by a $1 billion buyback and record Q1 growth.
Netflix Shares Dip 3.7% in Short Week as Ad Growth and Partnership Hopes Fade
Netflix shares fell 3.7% in a holiday-shortened week, lagging tech peers. Investors weigh a new French partnership and concerns that growth from ads and price hikes may already be priced in.
Shopify Shares Dip in Toronto as US Market Closed; AI Strategy and Buyback in Focus
Shopify shares fell 1.1% in Toronto to C$152.06 as the Nasdaq was closed for Juneteenth. The market is assessing the company's $5B buyback and new AI features against growth and cash flow worries.