ECN Capital's (ECN.TO) adjusted net income rose year over year in the first quarter, the company reported late on Monday.
Adjusted net income applicable to common shareholders was C$10.1 million, or $0.04 per share, up from $7.2 million, or $0.03 per share.
Adjusted EBITDA was $29.7 million, an increase from $25.5 million.
Originations were $665.1 million, rising from $538.2 million. Managed assets were $7.5 billion as of March 31, 2026, compared with $7.2 billion as at March 31, 2025.
Sylogist's (SYZ.TO) board of directors is suspending the quarterly dividend in order to support capital allocation priorities, while the company on Tuesday reported a wider than expected net loss on lower than forecast total revenues in the first quarter, while it transforms to an SaaS business model.First quarter net loss was C$3.8 million, compared to net loss of $0.935 million in the corresponding year-ago quarter. Basic and diluted loss per common share was $0.16 versus a loss of $0.04. The consensus forecast at FactSet was for a loss of $0.03.First quarter total revenue was $14.7 million, compared to $16.3 million in the year-ago quarter. The consensus estimates compiled by FactSet for Sales was $15.1 million.On suspending the company's quarterly dividend, the company noted that in February 2026 the TSX approved the renewal of its NCIB program, under which the company repurchased 95,000 common shares at an average price of $3.84 per share during the first quarter. The company intends to continue utilizing the program as a preferred means of returning capital to shareholders, it added."The company remains focused on completing the final steps in its transformation to a dynamic SaaS business model," said Craig O'Neill, Interim President and Chief Executive Officer. "Following several years of investment, we are now proving the value of our cloud-based products with our customers and partners. We are also increasing our emphasis on operational efficiency and go-to-market performance, including the ongoing transition to partner-led project delivery. Although this transition has created short-term pressure on project services revenue, we believe it will enable greater scalability as our SaaS products gain traction in our target markets and ultimately drive stronger recurring revenue growth."Shares in SYZ were down $0.07 or 1.8% at $3.75 in Canada yesterday.
The sudden appointment of Tim Hurlebaus as President and CEO and member of the board at CGI (GIB-A.TO, GIB), effective immediately, "suggests the board's disappointment with CGI's underperformance", National Bank said Tuesday.While the CGI stock performance is unlike its peer group, it appears the company is looking to reset the narrative around growth, acquisitions, and AI with new leadership, the bank added, noting Hurlebaus has a track record of more than 35 years in IT consulting (20+ years with CGI), overseeing major segments for CGI such as U.S. Federal (President for six years), U.S. Commercial and State Government (President for nearly four years), and more recently the U.S., the U.K., and Australia operations as COO. "In particular, it appears he comes with deep operating and client facing experience, attributes that are essential to the current environment, particularly as it relates to potential AI disintermediation," National Bank said.Bottom line for National Bank, it added "while the move reflects the challenges and likely disappointment in CGI's recent performance, the quick pivot is positive in that the company is recognizing the need for change, and it would appear Hurlebaus has the attributes to address the current market changes, in particular, his deep client facing experience."National Bank continues to believe CGI is a premium operator with a compelling valuation (6.4x EV/EBITDA on FY26E). It maintains an Outperform and C$150 DCF-based price target (unchanged), which implies a valuation of 10.2x EV/EBITDA (unchanged) on its FY26 estimates.
OceanaGold (OGC.TO) continued to drill high-grade gold from the Haile gold mine in the U.S., the company said Tuesday.Drill highlights include 15.5 meters at 30.64 grams per tonne (g/t) gold from the Horseshoe Underground area, 27.9 m at 8.60 g/t gold from the Ledbetter Underground area, and 14.5 m at 15.81 g/t gold from the Clydesdale area.Recent drilling points at Horseshoe indicate reserve growth potential near existing infrastructure, while results from Ledbetter strengthened confidence in down-plunge resource conversion. A new significant high-grade intercept at Clydesdale confirms its potential as an emerging target area, OceanaGold said."Our ongoing exploration success at Haile continues to demonstrate our ability to add tremendous value through the drill bit," President and Chief Executive Officer Gerard Bond said.OceanaGold plans to complete about 34,500 m of drilling at Haile for 2026 from both surface and underground.