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  • DOL.TO
    Reuters3 hours ago

    CANADA STOCKS-TSX falls as deal news pressures Cenovus, CIBC

    Canada's main stock index pulled back from a one-month high on Thursday as deal-related news pressured shares of Cenovus Energy Inc and Canadian Imperial Bank of Commerce. Cenovus shares tumbled 11.8 percent to C$15.39 after the Canadian company agreed to buy oil sands and natural gas assets from ConocoPhillips for C$17.7 billion. The overall energy group was down 1.2 percent even as oil prices rose.

  • DOL.TO
    Reuters5 hours ago

    Dollarama's profit beat sends shares to record high

    Dollarama Inc's quarterly profit beat analysts' estimates as the average amount customers spent at its stores increased, sending the Canadian discount retailer's shares to a record high in early trading on Thursday. The Montreal-based company said the rise in sales was aided by a 7.8 percent increase in the average checkout bill, which is likely to be the biggest Dollarama has ever reported, according to analysts at Buckingham Research Group. Dollarama, which increased its price ceiling to C$4 last year, said total sales also benefited from newer products offered in the fourth quarter.

  • MarketWatch6 hours ago

    Aeterna Zentaris shares surge almost 14% premarket on news of NDA for growth hormone drug

    Shares of Aeterna Zentaris Inc. surged almost 14% in premarket trade Thursday, after the biotech said it intends to file a new drug application with the U.S. Food and Drug Administration later this year ...