Forty-four percent of Canadian firms now expect inflation to exceed 3% over the next two years, a sharp increase from the 11% reported just one quarter prior. This surge in price expectations, driven by regional conflict in the Middle East, sets a tense backdrop for the central bank’s upcoming July 15 policy decision.
Investors pushed Gloo Holdings shares down 9.5% to $4.02 this morning after the ministry-focused technology platform announced plans to sell 7 million shares in a public offering. The move deepens the company's recent market struggles, with the stock price now sitting 30% lower than its value at the start of the year.
BP is divesting its 37.2% non-operated stake in the Bay du Nord offshore project, effectively handing full ownership of the Canadian venture to its partner, Equinor. This move signals a deliberate shift in the energy giant’s strategy to streamline its global portfolio, though the financial specifics of the transaction remain undisclosed.
The U.S. government has acquired two major detention facilities from private prison operator CoreCivic for $1.5 billion, a transaction that reshapes the company’s real estate portfolio while keeping its operational footprint intact through long-term management contracts with the Department of Homeland Security.
Shareholders of PNC Financial Services Group will see their quarterly payout climb to $2.00 per share, an 18% increase from the previous $1.70. This adjustment follows the Pittsburgh-based firm’s successful navigation of the Federal Reserve’s latest annual stress test, fulfilling a commitment made by the board last month.
A 7.8% midday climb pushed United Microelectronics shares to $26.49 on Monday, marking the latest milestone in a rally that has seen the stock value triple since January. Investors reacted sharply to the company’s latest financial disclosure, which confirms a significant acceleration in monthly revenue growth for the semiconductor manufacturer.
Solaris Energy Infrastructure stock climbed 3.6% to $69.60 this morning, extending a 51% year-to-date rally, after the company announced the acquisition of Global Energy Services Alliance. The strategic move positions the firm to provide full-cycle power solutions across a broader range of turbine and generator classes.
The Food and Drug Administration is winding down emergency use authorization for Pemgarda, Invivyd’s Covid-19 prevention medication. The agency’s termination notice sets a hard deadline of June 29, 2025, for the drug, which was originally fast-tracked in March 2024 for patients with severe immune compromise.
With a cash and stock deal valued at approximately $875 million, West Palm Beach-based Ondas has secured Dzyne Technologies, a move designed to consolidate its presence in the U.S. autonomous defense sector and integrate high-end unmanned aerial capabilities into its existing corporate portfolio.
Investors reacted sharply on Monday to the proposed acquisition of Element Solutions by Solstice Advanced Materials, sending shares of both companies into a tailspin. The deal, initially designed to offer a 15% premium, saw its value evaporate almost instantly as Solstice’s stock price suffered a double-digit decline.
Shares of Zim Integrated Shipping Services stumbled 5.7% on Monday, dropping to $24.11 following reports that top Israeli officials are moving to block the company’s $4.2 billion acquisition by Hapag-Lloyd, citing potential threats to national security that could force a government veto of the transaction.
Investors sent Clarivate shares tumbling 4.8% to $2.47 on Monday following the company’s announcement that it will offload its life-science and healthcare division to New York investment firm Altaris. The transaction, valued at $600 million, marks a sharp pivot in the London-based data provider’s long-term strategy.
A surge in industrial appetite has propelled FreightCar America, which announced a contract for 1,900 railcars to be delivered through 2028. Following the disclosure, the company’s stock climbed 3.7% to $9.30 in Monday premarket trading, offering a brief respite after an 18% decline in value since the beginning of the year.
With a cash deal valued at $530 million, Versant Media Group is moving to capture a larger share of the $45 billion golf market by acquiring interactive simulator manufacturer Full Swing. The agreement marks a strategic pivot for the media house as it integrates high-tech sports hardware into its broadcasting and digital portfolio.
With private property valuations outstripping its current market price, Boardwalk Real Estate Investment Trust is offloading assets to fuel a significant share repurchase program. The Canadian firm has already channeled 306 million Canadian dollars from property sales into the market to capture value for its shareholders this year.
Apple will continue sourcing custom silicon components from Broadcom for its entire hardware portfolio, securing a multiyear supply agreement that stretches through 2031. While the specific financial terms remain private, the deal reinforces a long-standing technological tether between the two companies amidst a volatile global chip market.
A 4.35 billion Canadian dollar deal has shifted the landscape of Toronto professional sports, as Rogers Communications moves to acquire the final 25% stake in Maple Leaf Sports and Entertainment from Larry Tanenbaum’s Kilmer Sports, effectively ending the long-standing partnership and consolidating total ownership under the telecom giant.
Amid a tightening global market for physical storage components, Micron Technology has entered a long-term strategic agreement to supply Ford Motor with specialized memory chips. The deal aims to fortify the production pipelines for Ford’s next generation of vehicles, ensuring a steady stream of hardware for critical automotive systems.
France’s second-largest casino operator, JOA, is set to join the Banijay Group, marking the entertainment giant’s second major foray into the gambling sector within a year. The deal follows Banijay’s multibillion-dollar acquisition of the German sports-betting firm Tipico, signaling a strategic shift toward an omnichannel gaming model.
A private investment group, the Kazakhstan-based iHolding, has signed a binding term sheet to purchase $100 million in newly issued Scilex Holding shares. The deal, priced at $15.00 per share, involves the acquisition of approximately 6.7 million shares to bolster the company's expansion into non-opioid pain management and medical technology.
Seeking to shrink its footprint in a legacy business, Unum Group has finalized a deal to transfer $3.8 billion in long-term care insurance policies to Fortitude Reinsurance. The move marks a significant shift for the insurer as it attempts to insulate its balance sheet from long-term liability volatility.
Faced with evolving retail operator restrictions in Ontario and British Columbia, cannabis firm High Tide has triggered a temporary shareholder rights plan. The move aims to insulate the company against unsolicited takeover bids while ensuring that any potential suitor meets provincial regulatory requirements for cannabis retail licensure.
Lindsay Corporation is increasing its quarterly cash dividend by a penny, pushing the payout to 38 cents per share. This adjustment, announced by the Omaha-based irrigation and infrastructure equipment manufacturer, reflects a commitment to shareholder returns following the close of Friday's market session.
Swiss private banking group J. Safra Sarasin has moved to acquire the remaining 28.7% stake in Saxo Bank from co-founder Kim Fournais, effectively bringing the Danish investment platform under total ownership. This consolidation follows the bank's initial purchase of a majority interest from Zhejiang Geely Holding Group and Mandatum last year.
With a $30 million deal, Waterloo-based DesCartes Systems Group is securing a foothold in Latin America by acquiring the Chilean logistics firm Drivin. The move aims to integrate specialized AI-driven routing and dispatch technology into the Canadian company’s existing fleet management portfolio while tapping into a rapidly expanding regional market.
A C$140 million capital injection from Peru-based Alpayana is set to reshape the ownership structure of Magna Mining, granting the private group a 19.9% stake in the Canadian firm. The deal, executed through a nonbrokered private placement, marks a significant bet on Sudbury’s copper and nickel assets.
Shares of Alarum Technologies plunged 56% to $2.80 in Monday’s premarket trading after the web data collection firm announced a sudden suspension of its NetNut network services. The move comes as the company scrambles to contain the fallout from a recent incident that has forced a significant reduction in operational capacity.
Ceva stock climbed 4.2% to $42.12 in Monday’s premarket session after the firm announced a licensing agreement with a major U.S. software and AI-platform developer. The deal marks a strategic shift for the company, which debuted on the public market last November at an initial price of $19.50 per share.
Swedish automotive safety giant Autoliv is scaling up its partnership with China's Great Wall Motor to accelerate the automaker’s international footprint. The companies, which first formalized their collaboration in 2023, now plan to align their operations across global supply chains and integrated safety technology development.
A 6.7% slide in Besi Semiconductor shares on Monday reflects growing market anxiety over the adoption timeline for its hybrid bonding technology. Investors are reacting to reports that major memory chip producers, including Samsung Electronics and SK Hynix, are reconsidering the necessity of this high-end manufacturing process for their latest chip stacks.
