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Schwab Faces AI-Driven Cash Flow Challenge Amid Record Assets
Charles Schwab's idle cash model faces a new test as AI-powered tools make it easier for clients to shift funds into higher-yield products. The company reported record assets of $12.61 trillion in April.
Athabasca Oil Drops 5% as Crude Plunges, TSX Hits Record
Athabasca Oil shares fell 5% to C$11.34 as WTI crude dropped over 6%, lagging the TSX which hit a record high despite energy sector losses.
Lockheed Martin Expands THAAD Production in Alabama Amid Rising Demand
Lockheed Martin has started construction on a major THAAD interceptor plant in Alabama, aiming to increase output from 96 to 400 units per year amid surging Pentagon demand.
Strathcona Slumps 5% as TSX Hits Record; Energy Stocks Drag
Strathcona Resources fell 5.1% as crude tumbled on U.S.-Iran talks. TSX hit a record, but energy stocks lagged.
Scandium Canada Surges 17% as Quebec Critical Mineral Play Gains Momentum
Scandium Canada Ltd. shares jumped 16.7% to C$0.175 on thin holiday volume, as investors eye upcoming alloy qualifications, a pre-feasibility study, and drilling results.
Cameco Shares Gain on TSX Amid US Holiday, Uranium Outlook Steady
Cameco shares rose C$2.33 to C$146.96 on the TSX Monday, while US trading paused. The company posted Q1 net earnings of C$131 million and reaffirmed its 2026 uranium production forecast.
Baytex Energy Drops 5.5% as Oil Prices Slide on US-Iran Peace Hopes
Baytex Energy shares slid 5.48% as oil prices tumbled on US-Iran peace talks. Despite the drop, the stock remains up over 51% year-to-date.
goeasy Ltd. Shares Rebound as Investors Eye Credit Recovery
goeasy shares climbed 3.4% to C$36.15 in late Toronto trading, extending a recent rally. The lender posted a Q1 net loss of C$53 million and suspended its dividend, but investors are eyeing a potential credit recovery.
Xanadu Shares Gain in Toronto as Nasdaq Halts; $300M Facility and Cost-Cutting Tech in Focus
Xanadu's TSX shares rose 5.18% to C$21.85 on Monday, while its Nasdaq line was closed for Memorial Day. The company announced a $300 million equity facility and a quantum memory advance that could cut costs by half.