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Canadian National Railway to Add Five New Sites, Re-Certify Six U..S Locations

Canadian National Railway (CNR.TO, CNI) said Monday it will add five new industrial sites and re-certify six existing U.S. sites under its Certified Rail-Ready Sites program.The sites will be certified through a new partnership with the Site Selectors Guild's REDI Sites program, the company added."Canadian National Railway's Certified Rail-Ready Sites program helps businesses move more quickly from site selection to operations by identifying strategic, rail-served locations that are ready for investment and connected to markets across North America," Chief Commercial Officer Janet Drysdale said.Under the program, sites are reviewed for zoning, environmental factors, utilities, and transportation access to help speed up development and reduce risk for businesses and investors, the company said.The new sites submitted for certification are located in Michigan, Illinois, Mississippi, and Louisiana. The sites being re-certified are located in Kentucky, Mississippi, Illinois, Michigan, and Tennessee, according to the statement.The company's shares were last seen down $1.52 to $151.18 on the Toronto Stock Exchange.Price: $151.17, Change: $-1.54, Percent Change: -1.01%

$CNI$CNR.TO

Mining & Metals48d ago

Lithium South Development Sets May 15 Cash Payout Date Under Posco Arrangement

Lithium South Development (LIS.V) on Monday said it received funds from Posco Argentina and set May 15 as the effective date for a cash payout of C$0.505 per share to shareholders.The company said completion of the arrangement remains subject to final approval from the TSX Venture Exchange.Lithium South added that registered shareholders must submit a letter of transmittal to Computershare Investor Services to receive the cash consideration, while beneficial shareholders holding shares through brokers or banks will receive payment through their intermediaries.The company also said it has applied to delist its shares from the TSX Venture Exchange and plans to concurrently delist from the OTCQB market before applying to cease being a reporting issuer. Dates for the delistings will be announced later.Price: $0.50, Change: $+0.01, Percent Change: +2.04%

$LIS.V

Mining & Metals48d ago

CN Rail Urges STB to Reject Proposed Union Pacific, Northern Southern Amended Merger Application

Canadian National Rail (CNR.TO), down 1.2% on last look, is urging the Surface Transportation Board (STB) to reject the amended merger application submitted by Union Pacific (UP) and Norfolk Southern (NS) as it "still fails to meet the Board's requirements and thus remains incomplete", the company said on Monday.The STB, which rejected the applicants' first application in January, identified three separate deficiencies. CN Rail notes the amended application still fails to provide thorough competition analyses and consistent market share information. The application also does not accurately identify the points that would "go from two Class I options to one, or from three Class I options to two", CN points out.CN also flagged the insufficiency of the applicants' proposed committed gateway pricing (CGP) program which applies to less than one percent of U.S. rail traffic. CN said many shippers would face increased rail shipping costs due to the CGP program.CN Rail shares were last seen down $1.91, to $150.80, on the Toronto Stock Exchange.Price: $150.86, Change: $-1.85, Percent Change: -1.21%

$CNR.TO

Mining & Metals48d ago

Correction: -- CN Rail Submits Comments To STB On Completeness Of UP-NS Amended Merger Application

$CNR.TO

Mining & Metals48d ago

CN Rail Submits Comments To STB On Completeness Of UP-NS Amended Merger Application

$CNRT.TO

Mining & Metals48d ago

Planet Ventures Invests in Lux Aeterna

Planet Ventures (PXI.CN) made a strategic investment into Lux Aeterna, a space infrastructure company building the world's first fully reusable satellite platform, it said Monday.The company invested a total of US$100,000 into Lux Aeterna's equity financing. Lux Aeterna has already attracted significant attention from leading venture capital firms in the space sector, including Space Capital, and recently completed a US$10-million seed financing round led by Konvoy to speed-up development of its flagship spacecraft, with a demonstration mission targeted for 2027, it noted."We believe reusable satellite infrastructure represents one of the most important and underappreciated opportunities within the space economy," said Planet Ventures Chief Executive Etienne Moshevich. "Lux Aeterna is tackling a critical bottleneck in orbital logistics-bringing assets and materials back from space-and we believe this capability could unlock entirely new industries."Shares of the company were last seen unchanged at $0.34 on the Canadian Securities Exchange.

$PXI.CN

Mining & Metals48d ago

Telus Advancing New AI Data-Centre Cluster in British Columbia

Telus (T.TO) is advancing a proposed artificial-intelligence data-center cluster in British Columbia, the company said on Monday.Telus is expanding its existing Kamloops data center and developing two new Vancouver facilities with Westbank and its partners. The Kamloops AI Factory will come online later this year; the M3 facility in Vancouver's Mount Pleasant neighborhood will open at the end of 2026 and scale through 2028; and the 150 West Georgia facility will come online in 2029, with the cluster's total capacity scaling to over 150 MW by 2032, a statement said.Once fully scaled, this cluster is expected to deliver $9 billion in economic value to British Columbia, create more than 1,000 construction jobs and hundreds of high-skilled operations roles, Telus added.The company's first Sovereign AI Factory in Rimouski, Quebec, opened last September, and is sold out.Telus shares were last seen down $0.08 to $17.38 on the Toronto Stock Exchange.Price: $17.36, Change: $-0.10, Percent Change: -0.57%

$T.TO

Mining & Metals49d ago

Trisura Group Price Target Raised to $60.00 at RBC

RBC Capital Markets raised its price target on the shares of Trisura Group (TSU.TO) shares by $1.00 to $60.00 after the company's first-quarter results that were slightly ahead of estimates.Trisura's $0.78 operating EPS beat RBC's $0.72 estimate and $0.76 consensus, notes analyst Bart Dziarski, who is maintaining an outperform rating on the company.Gross premiums written (GPW) rose 3% YoY driven by Surety (+12%), Warranty (+9%) and US Programs (+6%), offset by Canadian Fronting (down 24%) as elevated competition appears to be intensifying, he adds.Trisura also expanded its U.S. Surety practice into five new states: Illinois, Pennsylvania, Georgia, Washington, and Florida. The last remaining major state for the company to obtain a license in is California, which Dziarski expect to occur in the near-term. RBC is modelling 2026 US GPW growth of 13%, accelerating to 16% in 2027."TSU trades at a slight discount to specialty peers and we believe a premium is warranted given superior growth profile."Price: $41.49, Change: $-0.67, Percent Change: -1.59%

$TSU.TO

Mining & Metals49d ago

Aurania Resources Raising $1.5 Million Via a Non-Brokered Private Placement of Share Units

Aurania Resources (ARU.V) on Monday said will raise up to $1.5 million in a private placement of share units.The company will place up to 8.3-million units priced at $0.18 apiece and made up of a share and a two-year warrant to buy a share for $0.35.The company has reserved the right to increase the size of the offering by up to 25%, raising up to an additional $375,000.Proceeds will be primarily used for exploration at the Thor's Valley epithermal gold project in Iceland, the Balangero nickel-cobalt tailings retreatment project in Italy, and for general working capital needs.Shares of the company were last seen unchanged at $0.205 on the TSX Venture Exchange.

$ARU.V

Mining & Metals49d ago

CIBC Raises Chorus Aviation's Price Target to C$31.00 From C$30.00

CIBC Capital Markets maintained its outperformer rating on the shares of Chorus Aviation (CHR.TO) and raised its price target to C$31.00 from C$30.00 after the company reported its first-quarter financial results on May 7.The company's Q1 results were broadly in line with CIBC's expectations and continue to reinforce the durability of the company's contracted cash flow profile, noted analyst Alexander Augimeri.While parts sales revenue has been down ~30% Y/Y for two consecutive quarters, this weakness largely reflects the timing of several parts sales transactions that closed shortly after quarter end, as well as tougher comparisons against prior year periods of higher-than-typical parts activity, Augimeri said. As a result, CIBC sees a return to positive Y/Y growth in the parts sales segment beginning in Q2/26."Separately, CHR will begin to lap the previously announced wind-down of UN related flying in Q3/26," the analyst added. "Taken together, we believe the upcoming quarters should mark a transition away from recent noise in Y/Y reported results and toward a cleaner Y/Y growth profile across CHR's parts sales and contract flying segments."CIBC said, stepping back, it continues to view parts sales as a "structurally attractive business" with recurring demand characteristics and a long-term growth profile of ~5% annually, but with "inherent lumpiness" on a quarterly basis."Q2/26 will also reflect a full quarter contribution from the Kadex acquisition, which has historically grown at a 5% - 10% rate, providing incremental support to segment growth going forward," added CIBC. "For context, we had previously modeled the Kadex acquisition closing at the end of Q2/26."Price: $24.22, Change: $+1.03, Percent Change: +4.44%

$CHR.TO

Mining & Metals49d ago

Crescita Therapeutics' Q1 Loss Widens Even as Revenue Advances

Crescita Therapeutics (CTX.TO) on Monday said its first-quarter loss widened even as revenue advanced.The company, which being acquired by ClinActiv Holdings, said its first-quarter loss widened to $1.2 million, or $0.06 per share, from a loss of $0.7 million, or $0.05 per share, in the prior-year period.Revenue rose to $5.64 million from $3.54 million a year earlier. The rise of $2.1 million was primarily driven by higher manufacturing segment revenue of $1.6 million, mainly due to the fulfillment of large orders during the quarter. Skincare sales also increased by $592,000, mainly reflecting incremental revenue from Bacti Control, acquired last August."During the first quarter, we continued to execute against our operational priorities. Our results reflect the year-over-year revenue and gross profit growth, driven by higher production volumes in our Manufacturing segment as well as the incremental revenue from recently acquired skincare assets," said chief executive Serge Verreault.Crescita Therapeutics was last seen unchanged at $0.76, on the Toronto Stock Exchange.

$CTX.TO

Mining & Metals49d ago

Thiogenesis Therapeutics to Raise $8 Million Via a Non-Brokered Private Placement

Thiogenesis Therapeutics (TTI.V) on Monday said it will raise up to $8 million in a non-brokered private placement of shares.The company will place up to 16-million shares priced at $0.50 apiece.The company expects to close the offering by the end of May subject to receipt of all necessary regulatory approvals.Proceeds will be used to support the clinical development of TTI-0102, including an investigator-initiated study in cystinosis and a Phase 2 clinical study in Leigh syndrome, together with formulation and manufacturing activities, regulatory engagement, and general working capital and corporate needs.The company's shares last traded May 8, closing at $0.56 on the TSX Venture Exchange.

$TTI.V

Mining & Metals49d ago

Eureka Lithium Announces Name Change to Eureka Metals Corp.

Eureka Lithium (ERKA.CN) on Monday said it plans to change its name to Eureka Metals.The Canadian Securities Exchange will publish a bulletin announcing the effective date of the change and it is expected the shares will begin trading under its new name on or about May 14."The name change reflects the company's strategic evolution beyond lithium exploration and aligns with its recently announced acquisition of Stairway Mining," said the company.The shares will continue to trade under its existing symbols on the Canadian Securities Exchange (CSE), OTCQB, and Frankfurt Stock Exchange (FSE), said the company and added that the CUSIP and ISIN will change to 298601105 and CA2986011054 respectively."The transition to Eureka Metals Corp. reflects the evolution of the company and the broader commodity exposure established through the acquisition of Stairway Mining," said chief executive Danny Matthews. "With the addition of the Tyee Titanium Project and the Cabin Lake Polymetallic Project, combined with a strong treasury following our recent financing, we believe the company is well-positioned to advance multiple exploration initiatives across a diversified portfolio of metals projects in Canada."The company's shares last traded May 8, closing at $0.43 on the Canadian Securities Exchange.

$ERKA.CN

Mining & Metals49d ago

TSX up 102 Points at Midday With Miners, Energy, The Best Performers

The Toronto Stock Exchange is up 102 points at midday with most sectors higher.Miners and energy are the best performers, up 2.8% and 1.3%, respectively.Info tech and Industrials are the worst performers, down 2.5% and 1.3%, respectively.Oil prices rose early on Monday after the United States rejected Iran's response to its peace proposal, calling it unacceptable, continuing the war that has produced the largest-ever energy supply shock.Gold traded lower early Monday as the dollar and yields rose after the United States rejected Iran's response to its peace plan offered last week, calling the country's response unacceptable.The Bank of Canada is seen increasing its policy rate in March 2027, according to findings in its own first quarter Market Participants Survey (MPS) released Monday. The MPS showed a median of 28 financial participants expect the policy rate to rise by 25bps to 2.50% in March 2027. The Q4 2025 MPS had predicted a 25bps rate hike in Q2 2027. Among other findings, a median of market participants forecast the consumer price index to be 2.6% at the end of the year and 2.1% at the end of 2027. The Q4 2025 MPS had projected CPI at 2.1% at the end of this year, as well as 12 months later.The Q1 MPS also showed the median response saw gross domestic product growth at 1.6% this year and at 1.9% in 2027. Both are unchanged from the previous survey. The survey was conducted from March 25 to April 1.

S&P/TSX CompositeS&P/TSX Composite

Mining & Metals49d ago

CIBC Confirms Neutral Rating on Leon's Furniture and Cuts Target to C$28.00 on Q1 Results

CIBC Capital Markets maintained its neutral rating on the shares of Leon's Furniture (LNF.TO) and lowered its price target to C$28.00 from C$31.00 after the company reported its first-quarter results on Thursday.The bank noted the company's Q1 same-store sales growth was below expectations, reflecting a "strong prior-year comp and a consumer environment that remains challenging"."Despite these headwinds, Leon's continues to execute on its strategy, growing share and maintaining stable margins," said analyst Ty Collin. "Although comps get a bit easier as the year progresses, we continue to believe that more material improvement depends on a stronger Canadian consumer, which is uncertain amid growing macro volatility."CIBC also believes the recent exit of a competitor may ease competitive intensity in the commercial appliance business, though any benefit is expected to materialize gradually in the second half of 2026 and into 2027.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $24.90, Change: $-0.10, Percent Change: -0.40%

$LNF.TO

Mining & Metals49d ago

Bold Ventures Approved for Trading on the OTCQB Venture Market

Bold Ventures' (BOL.V) shares are now trading on the OTCQB Venture Market in the United States under the symbol "BVLDF", the company said on Monday.Trading began at the open of the market on May 7, it added.The company's shares last traded May 8, closing at $0.08 on the TSX Venture Exchange.

$BOL.V

Mining & Metals49d ago

RBC Raises South Bow's Price Target to C$49.00 from C$48.00

RBC Capital Markets lifted maintained its outperform rating on the shares of South Bow (SOBO.TO, SOBO) while raising its price target to C$49.00 from $48.00 after the pipeline company released its first-quarter results.While South Bow's highly contracted cash flows on the Keystone Pipeline continue to form the foundation of the company's stock investment thesis, Analyst Maurice Choy said the tailwinds associated with the Middle East conflict may see the company deliver a stronger financial performance than currently assumed by the market.RBC awaits South Bow's decision on the proposed Prairie Connector project, which can offer a material step-up in the company's growth profile, subject to having appropriate last mile risk protection," Choy said.The company's deleveraging trajectory and attractive dividend offering also remain intact, RBC said.Price: $48.43, Change: $+0.93, Percent Change: +1.96%

$SOBO$SOBO.TO

Mining & Metals49d ago

CIBC Confirms Outperformer Rating and Target of $24.00 on Telus After Q1 Results and CFO Appointment

CIBC Capital Markets maintained its outperformer rating and C$24.00 price target on the shares of Telus (T.TO, TU) after the company reported its first-quarter financial results and appointed Gopi Chande as its Chief Financial Officer on Friday.The company "continues to focus on de-leveraging and its growth businesses," said analyst Stephanie Price. "TELUS Health saw 11% Y/Y revenue and EBITDA growth in Q1, with its strategic process ongoing."The bank thinks that outside of the growth businesses, the overall telecom environment remains competitive. Telus reiterated its 2026 guidance, but noted on the call that it expects to hit the lower end to midpoint of the service revenue and adj. EBITDA growth guides (both +2% to +4% Y/Y), with the Street already there, CIBC said.The bank said it will be watching for potential strategy changes with the leadership transition next quarter. CIBC forecast 2026 consolidated service revenue and adjusted EBITDA growth of 2.1% and 2.9%.Price: $17.17, Change: $-0.29, Percent Change: -1.66%

$T.TO$TU

Mining & Metals49d ago

Leon's Furniture Price Target Cut to $27.00 at Stifel Canada

Stifel Canada lowered its price target on the shares of Leon's Furniture (LNF.TO) by $3.00 to $27.00 after the company reported first-quarter results that missed expectations.Analyst Martin Landry, who is maintaining a hold rating on the shares, noted same-store-sales fell by 4.2% Y/Y, the worst decline of the last ten quarters. The drop was mentioned by management in the fourth quarter and should come to no surprise for investors, Landry adds.A competitor filed for creditor protection in recent weeks which should benefit Leon's, he adds.Leon's still sees a stretched consumer and challenging macro environment, but is forecasting a gradual improvement throughout the remainder of the year. Landry forecasts lower same-store-sales of -1%, +1% and +3% in the second quarter, third quarter and fourth quarter, respectively.Price: $24.90, Change: $-0.10, Percent Change: -0.40%

$LNF.TO

Mining & Metals49d ago

RBC Raises Pembina Pipeline's Price Target to C$68 from C$64

RBC Capital Markets reiterated its outperform rating on the shares of Pembina Pipeline (PPL.TO, PBA) while raising its price target to C$68.00 from C$64.00 following the company's first-quarter results.Pembina's strong results and 2026 guidance upgrade were driven by its marketing segment, but the company's commercial and project execution accomplishments should not be overlooked, analyst Maurice Choy said."We continue to see Pembina as well-positioned to capitalize on the strong fundamentals that make the Western Canada Sedimentary Basin an attractive global market," Choy said."With its leading fully integrated midstream platform in a prolific basin, the company is poised to benefit from growing global energy demand, increasing strategic relevance of Canadian energy, and emerging demand drivers such as LNG, petrochemical, and data center power demand," he added.Price: $63.23, Change: $+0.65, Percent Change: +1.04%

$PBA$PPL.TO

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