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FINWIRES

Dream Unlimited Renews Normal Course Issuer Bid

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Dream Unlimited (DRM.TO) received approval from the Toronto Stock Exchange (TSX) to renew its prior normal course issuer bid for a one-year period, it said in a statement on Monday.

The company will have the ability to buy back for cancelation a maximum of 2.4-million of its Class A subordinate voting shares. The bid will start on Sept. 23, and remain in effect until the earlier of Sept. 22, 2027, or the date on which Dream has purchased the maximum number of Class A Subordinate Voting Shares permitted under the bid, it added.

The company also established an automatic securities purchase plan with its designated broker, which has been pre-cleared by the TSX and will end on Sept. 22, 2027.

Shares of the company were last seen up about 1% at CA$17.29 on the Toronto Stock Exchange.

Price: $17.29, Change: $+0.17, Percent Change: +0.99%

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Mining & Metals

Kenorland Minerals Says Sumitomo Metal And Centerra Will Exercise Right to Maintain Equity Stake

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Mining & Metals

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Mining & Metals

TSX Closer: The Index Ends Lower as Industrials, Energy Weigh

The S&P/TSX Composite Index edged lower on Friday as weakness in industrial, energy and technology stocks outweighed gains in health care and financials.The index closed down 67.61 points, or 0.2%, to 35,806.65 with mixed sectors. Industrials led decliner,s down 0.9%, followed by energy and information technology that closed down 0.7% and 0.4%, respectively. Shares in health care and financial closed up 0.4% and 0.3%, respectively.The Battery Metals Index, which includes companies listed both on the TSX and TSX Venture Exchange, jumped 4.5%.In commodities, West Texas Intermediate (WTI) and Brent crude fell on Friday as fresh diplomatic efforts around regional tensions helped ease some concerns over oil supply disruptions, even as risks to shipping routes in the Middle East remained elevated. October WTI crude oil contract settled down $1.61, or 1.6%, at $100.30 per barrel, while November Brent oil was last seen down $1.13, or 1.1%, at $103.69 per barrel.Meanwhile, December Comex gold futures jumped 0.4%, or $17.30, to $4,417.00 per ounce at last look.In currencies, the US dollar edged lower 0.02% against the Canadian dollar, with USD/CAD at 1.3988 at last look.In economics news, international investors bought CA$20.7 billion of Canadian securities in July, bringing the rolling 12-month inflow to an "astonishing" CA$295.5 billion, equivalent to 8.7% of this year's gross domestic product, BMO Capital Markets said in a note.The inflow was driven entirely by Canadian bonds, said BMO's Chief Economist Douglas Porter in the note.Meanwhile, Canada is a net importer of vehicles, in contrast to Mexico, which is becoming a major auto exporter, according to BMO.Canada produced 1.2 million vehicles over the past 12 months, compared with 3.9 million in Mexico, said. Yet Canada sells more vehicles domestically than Mexico, with more than 1.9 million sold versus around 1.6 million in Mexico.The distinction is becoming more relevant as reports indicate that Mexico and the US may be close to a trade and tariff agreement. The impact on Mexico's auto industry will be worth watching, particularly as Prime Minister Mark Carney cited the refusal by the United States to ease the 25% tariff on light trucks as one reason US-Canada trade talks broke down last month, Porter wrote.

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