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Treasury
Brief: Canada's Ivey PMI Rises to 57.7 in April Vs. 49.7 in March; MUFG Says Consensus Saw at 49.9
$$CXY
Mining & Metals
GoGold Resources' Net Income, Revenue Surge YoY in Quarter Ending March 31
GoGold Resources' (GGD.TO) net income and revenue surged year over year for the three months ended March 31 amid strong silver prices, the company said Wednesday.GoGold booked a net income of US$16.4 million, or $0.038 per share, for the quarter, jumping from $3.4 million, or $0.010 per share, in the year-ago quarter.Revenue climbed year over year to $30.3 million from $17.6 million as the realized silver price more than doubled to $79.04 per ounce from $31.70/oz.Silver equivalent sales reached 383,695 ounces compared to 555,511 ounces in the previous year.The company posted record operating cash flow of $21.2 million, soaring year over year from $5.1 million.Price: $2.88, Change: $+0.21, Percent Change: +7.68%
$GGD.TO
Research
Research Alert: Cu Q1: Earnings Rise 4% As Company Advances Cad2.9b Yellowhead Pipeline
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CU reported Q1 2026 adjusted earnings of CAD242M (CAD0.89/share) versus CAD232M (CAD0.85/share) in Q1 2025, while IFRS earnings declined to CAD224M from CAD236M in the prior year. The variance was driven by rate-regulated activities timing adjustments of CAD36M and equity preferred share dividends of CAD19M. We believe news surrounding the Yellowhead Pipeline in May is likely to be positive as energy infrastructure in Western Canada is desperately needed during the current energy crisis. The CAD2.9B Yellowhead Pipeline Project has an AUC hearing scheduled for May 2026, with a decision expected by Q3 2026 and construction targeted to commence in 2026. The company invested CAD353M in capex during Q1, with 94% allocated to regulated utilities in ATCO Energy Systems and ATCO Australia. The Central East Transfer-Out Project completed line construction and will add 1,500 megawatts capacity to Alberta's grid by June 2026. The board declared a Q2 dividend of CAD0.4623/share.
$CU