Canada

MEG Energy Corp. (TSX: MEG) (OTC: MEGEF) has repurchased 3.4 million shares for cancellation using the block purchase exception under its normal course issuer bid. MEG Energy made the purchase as part of a 15 million share block trade on the TSX for C$21.85 per share. Other...

Desjardins analyst Doug Young lowered the price target for National Bank of Canada (TSX: NA) (OTC: NTIOF) to C$103 from C$104 while maintaining the Hold ratings on the shares. The analyst states that NA’s 2Q FY22 results had a positive impact, as Adjusted pre-tax and...

Desjardins analyst Doug Young lowered the price target for Canadian Western Bank (TSX: CWB) (OTC: CBWBF) to C$38 from C$44 while maintaining the Buy rating on the shares. The analyst states that CWB’s 2Q FY22 results had a negative impact, as Adjusted pre-tax and pre-...

Canadian Pacific Railway Ltd (NYSE: CP) (TSX: CP) established a new multi-year agreement with CMA CGM Group. The financial terms of the arrangement were not disclosed. What Happened: CP will be CMA CGM's primary rail provider in Canada, servicing the ports of Vancouver, Montreal...

Gold Fields Limited ((NYSE: GFI) and Yamana Gold Inc. (TSX: YRI) (NYSE: AUY) entered into a definitive agreement. What Happened: Under the agreement, Gold Fields will acquire all of the outstanding common shares of Yamana. Yamana shares will be exchanged at a ratio of 0.6...

Loncor Gold Inc. (TSX: LN) (OTC: LONCF) revealed a private placement of up to 5 million units at C$0.50/unit for gross proceeds of up to C$2.5 million. Each unit consists of one common share and one-half of one common share purchase warrant, with each warrant entitling the holder to...

CubicFarm Systems Corp (TSX: CUB) revealed the price and terms of its overnight marketed public offering announced on May 26, 2022. The offering includes issuing unsecured convertible debenture units at C$1,000 per Debenture Unit and common shares at C$0.55/share for total gross proceeds of C$...

Tanzanian Gold Corp (TSX: TNX) (NYSE: TRX) has changed its name to 'TRX Gold Corporation,' effective today. The company will begin trading as TRX Gold Corporation at the market open. Its common shares will continue trading on the Toronto Stock Exchange under its current...

SouthGobi Resources Ltd. (TSX: SGQ) (OTC: SGQRF) states that Land Breeze has agreed to sell all of its interests in SouthGobi, including 64.76 million common shares and the $250 million convertible debenture dated November 19, 2009, to JD Zhixing Fund LP. In connection with the Sale...

National Bank of Canada (TSX: NA) (OTC: NTIOF) reported a second-quarter net income of C$893 million compared to C$801 million in 2Q21. EPS improved by 13% year-over-year to C$2.55. The growth was driven by year-over-year increases in total revenues across all business segments...

Tesla, Inc. (NASDAQ: TSLA) has continued to be under the scanner of the U.S. federal transport regulator — the National Highway Traffic Safety Administration — over reported quality issues with its electric vehicles, Autopilot technology and full-self driving software. In the...

EverGen Infrastructure Corp (TSXV: EVGN) price target has been lowered to C$5 from C$6 by RBC Capital analyst Nelson Ng. The analyst maintained the Outperform rating on the shares. The analyst states that EverGen has a number of near-term opportunities across Canada to grow its RNG production...

RBC Capital analyst Darko Mihelic raised the price target for Bank of Nova Scotia (TSX: BNS) (NYSE: BNS) to C$94 from C$93. The analyst maintained the Outperform rating on the shares. Mihelic states that the 2Q22 results were promising as both International and Canada P&C had...

BMO Capital analyst Robin Fiedler lowered NextSource Materials Inc (TSX: NEXT) (OTC: NSRCF) price target to C$6 from C$7 while maintaining the Outperform rating on the shares. The analyst states that despite progressing well with Phase-1 of the graphite mine, NEXT's...

Royal Bank of Canada (TSX: RY) (NYSE: RY) reported a second-quarter net income of C$4.3 billion, up 6% year-over-year. EPS improved by 7% Y/Y to C$2.96 for Q2. Revenues for the quarter declined 3% Y/Y to C$11.22 billion. Net income in Personal & Commercial Banking was C$2.23...