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Propel Holdings Shares Gain Amid TSX Record, Credit Concerns Linger
Propel Holdings shares climbed 3.5% to C$21.67 as the TSX reached a new record, despite Q1 net income slipping to $20.7 million. Loan loss provisions improved to 45% of revenue, but credit risks remain a key focus.
Scotiabank Hits 52-Week High Ahead of Q2 Earnings Report
Scotiabank shares hit a 52-week high of C$111.35 in Toronto trading, closing up 0.5% at C$110.83, as investors await fiscal Q2 results due May 27.
TELUS Stock Gains Amid Dividend Focus and Q1 Profit Decline
TELUS shares edged higher as the TSX reached a new high, with investors eyeing the upcoming dividend. However, Q1 net income dropped to C$144 million, reflecting higher churn and restructuring costs.
Cenovus Slides on Oil Price Drop Despite TSX Record
Cenovus Energy shares fell 4.3% on Monday as oil prices dropped on renewed hopes for a U.S.-Iran deal, while the TSX Composite hit a record high.
Suncor Energy Drops as Crude Retreats Below $100, TSX Hits Record
Suncor Energy fell 3.1% to C$90.12 as oil prices tumbled on possible U.S.-Iran talks, even as Canada's main index hit a record high.
Whitecap Resources Dips on Oil Price Plunge Despite Buyback Initiation
Whitecap Resources stock dropped 3.45% on Monday as oil prices fell sharply, with the TSX energy sector down 2.1%. The company's new buyback plan started amid the selloff.
RBC Stock Hits New 52-Week High Ahead of Q2 Earnings Report
Royal Bank of Canada shares hit a new 52-week high of C$265.10 on the TSX, driven by optimism ahead of its Q2 earnings release on May 28. The broader TSX also set a record, buoyed by hopes of U.S.-Iran talks.
BMO Shares Near Record as TSX Hits New High Ahead of Q2 Earnings
Bank of Montreal shares rose to a 52-week high on the TSX, nearing record levels ahead of its fiscal Q2 earnings report on May 27. The bank's dividend of C$1.67 is due May 26.
First Quantum Soars on Panama Stockpile Approval, Copper Rally
First Quantum Minerals rose 7.77% as Panama authorized processing and export of Cobre Panama copper stockpiles, with copper prices climbing 0.9%.
Kraken Robotics Shares Rebound Amid Covelya Deal Anticipation
Kraken Robotics shares surged 8.9% Monday, rebounding from Friday's drop, as market participants look for progress on the C$615 million Covelya acquisition.