Canada Markets close in 1 hr 18 mins
MARKETS LIVE BLOG:

STOCKS UNDER PRESSURE, TURN LOWER AS BIG WEEK KICKS OFF

Earnings slate includes reports from Amazon, Apple, Alphabet and Meta Platforms

Stocks in play: Fortuna Silver Mines Inc.

Baystreet.ca

Provided an update on construction activities at its Séguéla gold Project located in Côte d’Ivoire. In September of 2021, the Company made a construction decision to proceed to build a 3,750-tonne-per-day mill at Séguéla, with first gold pour expected in mid-2023. Fortuna Silver Mines Inc. shares T.FVI are trading unchanged at $3.89.

Read:

Latest Stories

  • Paxlovid sales forecasts may change with Pfizer view on China

    Clarity from Pfizer Inc this week on whether China's relaxation of its Zero-COVID policy and the surge in infections there will lead to a spike in demand for its antiviral Paxlovid could spur analysts to alter their 2023 sales forecasts for the treatment. China was an insignificant market for Paxlovid before the strict infection-control policy was lifted, but Pfizer Chief Executive Albert Bourla said the company has since distributed millions of Paxlovid treatment courses there through a deal with China's Meheco. Talks between Pfizer and China's government health insurer bogged down over price, and the drug is only covered by China's broad healthcare insurance plan until late March.

  • Automakers Renault, Nissan to make cross-shareholdings equal

    TOKYO (AP) — Nissan and Renault have agreed to equalize the stakes they hold in each other, both sides said Monday, ironing out a source of conflict in the Japan-French auto alliance. Up to now, Renault Group has held a 43.4% stake in Nissan Motor Co., potentially giving it a larger say in how the Japanese automaker is run. It will transfer shares equivalent to a 28.4% stake to a French trust so each side will hold the same 15% stake in the other, according to the companies. The disparity betwee

  • Fewer Treasury bills and liquidity questions – what to expect from the U.S. refunding

    The U.S. Treasury Department this week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory borrowing limit. Any new indications over whether the Treasury could employ Treasury buybacks, or make changes to its auction schedule for some notes, will also be a focus of interest as market participants grapple with the best ways to improve liquidity in the $24 trillion Treasuries market. U.S. Treasury Secretary Janet Yellen activated a second extraordinary cash management measure on Tuesday, after previously warning that the Treasury could run out of funds in early June if the U.S. Congress does not approve an increase in the $31.4 trillion debt ceiling.

  • Adani's $2.5 billion share sale faces crucial day after Indian rout

    NEW DELHI (Reuters) -Gautam Adani faces a critical day on Monday with his flagship company's $2.5 billion share sale's second day of bidding overshadowed by a $48 billion rout in the Indian billionaire's stocks which was sparked by a U.S. short seller's report. Seven listed companies belonging to the Adani conglomerate, which is led by Asia's richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens. Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures.

  • Unilever turns to former Heinz exec to steer new course

    Incoming Unilever CEO Hein Schumacher gets seasick, according to his former boss at food group Heinz, but that never stopped him joining executive sailing trips and sticking them out. Schumacher, 51, is likely to need all his determination - as well as the experience he gained in food at Heinz and in retailing at Dutch grocer Ahold - when he takes the helm at Unilever from Alan Jope in July. Encouragingly for Schumacher, who worked as a finance manager at Unilever more than 20 years ago before heading to Ahold, he was warmly welcomed by activist investor and Unilever board member Nelson Peltz - who has a long track record of shaking up consumer goods companies, including Heinz.

  • Boeing's 747, the original jumbo jet, prepares for final send-off

    SEATTLE/PARIS (Reuters) -Boeing's 747, the original and arguably most aesthetic "Jumbo Jet", revolutionized air travel only to see its more than five-decade reign as "Queen of the Skies" ended by more efficient twinjet planes. The last commercial Boeing jumbo will be delivered to Atlas Air in the surviving freighter version on Tuesday, 53 years after the 747's instantly recognizable humped silhouette grabbed global attention as a Pan Am passenger jet. "On the ground it's stately, it's imposing," said Bruce Dickinson, the lead singer of Iron Maiden who piloted a specially liveried 747 nicknamed "Ed Force One" during the British heavy metal band's tour in 2016.

  • The mouse that roared: New Zealand and the world's 2% inflation target

    More than 30 years ago, some relatively youthful central bank and Treasury economists in New Zealand were grappling with how to bring two decades of double-digit inflation under control in an economy less than 1% the size of its U.S. counterpart. "It was a bit of a shock to everyone, I think," said Roger Douglas, the Labour Party finance minister at the time who worked with the Treasury and Reserve Bank of New Zealand (RBNZ) to pioneer the policy. Like that, inflation targeting was born.

  • Philips to cut 13% of jobs in safety and profitability drive

    AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its products following a recall of respiratory devices that knocked off 70% of its market value. The new reorganisation brings the total amount of job cuts announced by new Chief Executive Roy Jakobs in recent months to 10,000, or around 13% of Philips' current workforce. Philips shares traded up 5.5% at 0855 GMT, helped by fourth-quarter earnings which were much better than expected.

  • Retirees: How to Use the TFSA Limit to Maximize Passive Income

    Retirees should consider maximizing their TFSA contributions. Here's why. The post Retirees: How to Use the TFSA Limit to Maximize Passive Income appeared first on The Motley Fool Canada.

  • Canada’s transportation supply chains are near breaking point

    Susannah Pierce and Murad Al-Katib: 100 days after task force identified crisis, businesses are still waiting for action from Ottawa

  • Goldman Sachs restructures Russian asset holdings -RBC, citing sources

    MOSCOW (Reuters) -Goldman Sachs Group Inc. has restructured its assets in Russia, the RBC daily reported on Monday, citing two investment market sources, a move that could take the U.S. bank closer to a full exit from the country. U.S. banks have cut exposure to Russia since it sent tens of thousands of troops into Ukraine last year, but foreign lenders require special permission from President Vladimir Putin to sell stakes. Goldman Sachs, which in March said it was winding down its business in Russia, in November said it had reduced its credit exposure to Russia by 9% to $205 million in the third quarter.

  • MAËLYS, A FAST-GROWING PRESTIGE BODY CARE BRAND, CONTINUES ITS GLOBAL RETAIL EXPANSION WITH A NATIONWIDE LAUNCH AT SHOPPERS DRUG MART IN CANADA

    MAËLYS, the leading prestige body care brand best known for its unparalleled approach to clinically-proven body care solutions, announces its arrival at one of Canada's most trusted beauty retailers, Shoppers Drug Mart. The brand is rolling out nationwide, both in stores and online at shoppersdrugmart.ca. This announcement marks an important milestone in the brand's retail expansion plans and will further complement MAËLYS' rapidly growing DTC channel. The expansion follows a very successful nat

  • Philippines to offer value-added tax refund to foreign tourists by 2024

    Philippines President Ferdinand Marcos has approved a value-added tax refund programme for foreign tourists by 2024 to attract more visitors, the Presidential Communications Office (PCO) said on Sunday. The government collects a 12% VAT on goods consumed within the Southeast Asian country. The plan is to allow foreigners to get a VAT refund on items they are taking out of the Philippines, similar to what many other countries offer.

  • Couche-Tard Stock: Will the Upswing Continue for This Hot 2022 Gainer?

    Couche-Tard (TSX:ATD) stock could be in for more gains after delivering exceptional performance through 2022. The post Couche-Tard Stock: Will the Upswing Continue for This Hot 2022 Gainer? appeared first on The Motley Fool Canada.

  • China e-retailer JD.com ending sales in Thailand, Indonesia

    BEIJING (AP) — Chinese online retailer JD.com Inc. is closing its consumer e-commerce services in Indonesia and Thailand amid intense competition in Southeast Asia. The e-commerce service will stop taking orders Feb. 15 in both countries and shut down in March, according to announcements Monday on the two websites. JD.com said in a separate statement it would develop its cross-border supply chain business that serves Southeast Asia and other global markets. The company operates or manages wareho

  • Outdoor Fitness makes its arrival in Ontario officials by attending the Franchise Canada Show on February 4 and 5, 2023

    Outdoor Fitness officially arrives in Ontario! Outdoor Fitness was born from a franchise company already established in Quebec, known as Cardio Plein Air. In Quebec, it has 50 franchises and operates in over 160 parks. The mission is to provide access to all-season outdoor activities to ensure well-being while promoting physical activity.

  • Boeing to add 737 MAX line as it plans production boost

    SEATTLE/WASHINGTON (Reuters) -Boeing Co told employees on Monday that it will add a new 737 MAX production line in Everett, Washington, in mid-2024 as it plans to ramp up deliveries of its best-selling plane. Boeing Commercial Airplanes Chief Executive Stan Deal said in an email seen by Reuters that the new line will be its fourth 737 MAX one and is needed because of "strong product demand." Boeing is reactivating its third 737 MAX line in Renton, Washington, Deal's email added.

  • Wall Street falls ahead of mammoth week with Fed, earnings

    NEW YORK (AP) — Stocks are falling on Wall Street Monday ahead of a week full of potentially market-moving events, from decisions on interest rates around the world to earnings reports from the biggest U.S. companies. The S&P 500 was 1% lower in afternoon trading, giving back some of its gains from last week when it reached its highest level since early December. The Dow Jones Industrial Average was down 127 points, or 0.4%, at 33,855, as of 1:54 p.m. Eastern time, and the Nasdaq composite was 1

  • Cardinal Ethanol and Vault 44.01 Form Joint Venture to Implement a Carbon Capture and Sequestration Project in Indiana

    Cardinal Ethanol, LLC (Cardinal) and Vault 44.01 Ltd. (Vault) announced today that, through their affiliate companies, they have formed a joint venture to design, implement, and operate a carbon dioxide (CO2) capture and sequestration (CCS) project at Cardinal's ethanol production facility near Union City, Indiana. The joint venture is structured with each party controlling an equal interest in a newly formed limited partnership named One Carbon Partnership, LP.

  • Implementing Zero-Waste: Rock Tech Lithium, GP Papenburg and Schwenk Zement Collaborate for Closer Commercial Utilisation of Lithium By-Products

    Rock Tech Lithium Inc. (TSXV: RCK) (OTCQX: RCKTF) (FWB: RJIB) (WKN: A1XF0V) (the "Company" or "Rock Tech"), GP Papenburg Entsorgungs Ost GmbH ("Papenburg" or "GP Papenburg") and Schwenk Zement GmbH & Co.KG ("Schwenk" or "Schwenk Zement") have signed a Memorandum of Understanding in January in preparation for the commercial use of by-products from lithium production. The aim is to adopt the processes previously developed by the jointly founded Lithium Institute (ITEL) by the end of 2023 and thus