FINWIRES · TerminalLIVE
FINWIRES

US Dollar Edges up Against The Loonie as Iran State News Announces "Restrictive" Hormuz Agreement

By

The US dollar strengthened marginally against the Canadian currency Thursday afternoon after Iranian state news published a draft plan with "restrictive" conditions for ship traffic in the Strait of Hormuz, Bloomberg and CNBC reported.

According to the two news outlets, the draft plan denies US and Israeli ships from using the Strait of Hormuz. US President Donald Trump has reportedly rejected the deal.

The US dollar edged up 0.01% to C$1.4014 on last look.

West Texas Intermediate September futures jumped 2.7% to $77.22 per barrel, while Brent crude futures for October delivery rose 3.6% to $82.29 per barrel.

US gold futures for December edged up 0.03% to $4,306.70 per ounce.

Related Articles

Mining & Metals

South Bow Beats Q2 Estimates, Raises 2026 EBITDA Outlook

South Bow (SOBO.TO, SOBO) edged up 1.3% in after-hours trading in the US on Wednesday after reporting Q2 normalized net income of $0.50 per share, or $104 million, compared with $0.42 per share, or $87 million, in the prior-year period.The result topped the FactSet consensus estimate of normalized earnings of $0.44 per share.Revenue for the three months ended June 30 rose to $546 million from $524 million in the prior-year period, exceeding the FactSet consensus estimate of $497 million.The company also declared a quarterly dividend of $0.50 per share, payable on Oct. 15 to shareholders of record at the close of business on Sept. 29.In its outlook, the company increased its 2026 normalized EBITDA guidance to $1.0 billion, and also boosted its 2026 growth capital expenditures guidance to approximately $80 million.In management changes, company announced Hal Kvisle has stepped down as chair of the board and George Lewis has been appointed chair, effective immediately. Kvisle will continue to serve as a director of South Bow and has been appointed chair of the governance and risk committee.Shares of the company surged $0.5 at $35.9 at last look in after-market trade. They closed down C$1.1 at C$49.8 on Toronto Stock Exchange on Wednesday.

$SOBO$SOBO.TO
Mining & Metals

WSP Global Reports Higher Earnings and Revenue for the Second Quarter; Q3, 2026 Outlooks Set

WSP Global (WSP.TO) after trade Wednesday reported second-quarter adjusted net earnings per share of C$2.88, up from C$2.35 a year ago.Analysts polled by FactSet expected C$2.83.Revenue for the quarter ended June 26 was C$5.40 billion, up from C$4.51 billion a year ago. Net revenue rose to C$4.27 billion, compared with C$3.48 billion a year earlier.Analysts polled by FactSet expected sales of C$4.22 billion.The company raised the lower end of its 2026 net revenue guidance to C$16.2 billion from C$16 billion, while maintaining the upper end at C$17 billion. For Q3, it expects net revenue of C$4.15 billion to C$4.35 billion.

$WSP.TO
Mining & Metals

Earnings Flash (ADN.TO) Acadian Timber Corp. Reports Q2 Revenue C$14.6M

$ADN.TO