Canadian Retail Sales Fell 2.1% in May
Retail sales across Canada slumped 2.1% in May, as a number of stores in key regions remained closed due to a third wave of Covid-19. According to Statistics Canada, retail sales declined to $53.8 billion in May, as sales slumped across 8 of the 11 subsectors. Core retail sales, which do not account for sales […]
Valens Company Sees Canaccord Lower Price Target To $4.25
Last week, The Valens Company (TSX: VLNS) reported its second-quarter financial results. The company announced revenues of $18.8 million, down 6.2% and missing consensus estimates. Gross profits came in at $4.1 million, down from the previous quarter, while the company also posted an operating loss of $10.8 million. Valens currently has 9 analysts covering the […]
Newcore Gold Plans $10 Million Bought Deal Offering
Newcore Gold Ltd. (TSXV: NCAU) announced Thursday night that it has entered into an agreement with a syndicate of underwriters to raise $10 million. The offering is expected to be conducted on a bought deal basis. The offering consists of selling 16,667,000 common shares at $0.60 per share. The underwriters have been granted an over-allotment […]
Datametrex AI Lands Four New Shows For Its COVID Testing Service Until Mid-2022
Datametrex AI Limited (TSXV: DM) announced today that it has signed four additional service agreements to provide COVID-19 testing for production shoots. The company relayed that the contracts extend up to mid-2022. The four contracts the company bagged include an episodic television series on a main US broadcasting network and three new shows for a […]
Gold Royalty Looks To Acquire Royalties On Monarch Mining Properties For $15 Million
Gold Royalty Corp. (NYSE: GROY) announced today that it has signed a definitive agreement to acquire gold royalty interests on the assets of Monarch Mining Corp. (TSX: GBAR). The acquisition is reported to be for consideration of $15 million. The royalty firm is looking to acquire royalties on Monarch Mining properties worth $2.50 per tonne […]
Air Canada Posted $837 Million In Revenues, $1.2 Billion Net Loss In Q2 2021
Air Canada (TSX: AC) reported this morning its Q2 2021 financial results, highlighting revenues of $837.0 million. This is a notable increase from revenue figures last quarter at $729.0 million or last year at $527.0 million. The airline slightly improved its net losses to $1.2 billion this quarter from $1.3 billion in Q1 2021 and […]
US Initial Jobless Claims Unexpectedly Exceed Forecasts
US initial jobless claims surprisingly jumped by more than expected last week, despite optimistic sentiment that the country’s labour market is slated for a strong comeback heading into the fall season. According to the Department of Labour, first-time applications for unemployment benefits jumped by 51,000 to 419,000 last week, marking the highest total since late […]
Uber’s Trucking Division to Acquire Shipping Software Company Transplace
Uber Freight, Uber’s separate freight division, has announced Thursday that it will be acquiring Transplace, a shipping software company that would put the transportation logistics company at a valuation of over $2.25 billion. Transplace produces software that helps manage shipping and logistics for a company’s supply chain. The latest acquisition, which consists of $750 million […]
BMO Reiterates $21 Price Target On Osisko Gold Royalties
Last week, Osisko Gold Royalties (TSX: OR) announced their preliminary second quarter deliveries and gave investors an asset update. Osisko earned roughly 20,178 gold equivalent ounces, or GEO’s, in the second quarter and had preliminary revenue of $57.2 million, with costs of sales amounting to $10.1 million for the second quarter. The company also provided […]
Edtech Firm Instructure Eyes US$250 Million IPO
Education technology company Instructure Holdings began trading on the New York Stock Exchange today under the symbol “INST”. The firm’s initial public offering is looking to raise US$250.0 million and is expected to close on July 26, 2021. The offering consists of 12,500,000 common shares at US$20.00 per share. The company also granted the underwriters […]