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Brief: Bank of Canada's April MPR Sees Inflation Peaking in April At About 3%, Returning to 2% Target in Early 2027

Mining & Metals55d ago

Sitka Identifies Visible Gold in Initial Drill Holes from 2026 Drilling Program at RC Project

Sitka Gold (SIG.V) has identified multiple occurrences of visible gold in the initial drill holes of its 60,000-meter diamond drill program at the RC gold project in Yukon, the company said Wednesday.Sitka made the positive observations at the Blackjack and Rhosgobel deposits. Initial drilling at Rhosgobel also continued to intersect coarse scheelite mineralization, a common tungsten mineral, the company said.All assays for the initial drill holes completed this year are currently pending, Sitka said.Four diamond drill rigs are currently active on the property, with two additional rigs expected to mobilize in the coming weeks, Sitka said."We look forward to rapidly expanding our known gold deposits while we simultaneously drill other high-priority targets that we believe show strong potential to host additional gold deposits," Chief Executive Officer and Director Cor Coe said.Price: $0.94, Change: $+0.04, Percent Change: +4.44%

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Bank of Canada Adds It Sees Inflation Remains Around 2% Over the "Projection Horizon"

Truist Cuts Price Target on Zimmer Biomet Holdings to $92 From $98, Keeps Hold Rating

Zimmer Biomet Holdings (ZBH) has an average rating of hold and mean price target of $97.86 according to analysts polled by FactSet.(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: $80.83, Change: $-1.97, Percent Change: -2.38%

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Canada's Higher GDP Outlook Supports Strong Credit Rating, Lower Debt Services Costs, Says Desjardins

The 2025-26 fiscal year (FY26) deficit was still a substantial $66.9 billion, but came in lower than the $78.3 billion projected in Budget 2025, said Desjardins after the government's figures late Tuesday.A big part of the near-term improvement in the deficit was a better-than-expected economic performance, which is beyond the federal government's control, noted the bank. It is also something that may not be repeated.Despite this improved starting point and economic outlook, the deficit forecast going forward is essentially unchanged from Budget 2025, pointed out Desjardins.One of the major benefits of the upwardly revised nominal gross domestic product outlook is that it reduced the size of future deficits as a share of GDP, even if those deficits were largely unchanged from Budget 2025, stated the bank.The projected path for the federal debt-to-GDP ratio is also "meaningfully" lower, despite the path of the federal debt not changing all that much, added Desjardins.This will help to keep Canada in a better fiscal position than many of its advanced economy peers, supporting a strong credit rating and comparatively lower debt services cost, according to the bank.

Bank of Canada Says Based On Assumption Oil Prices Will Ease, Inflation Forecast to Come Down to 2% Target Early Next Year

Brief: Bank of Canada's April MPR Sees GDP Growth at 1.6% in 2027 Vs. January View of 1.5%; Sees 2028 GDP Growth at 1.7%

Equities55d ago

Bank of Canada Says CPI Inflation Will Likely Rise Further in April to about 3%

Truist Cuts Price Target on Sportradar Group to $18 From $26, Keeps Buy Rating

Sportradar Group (SRAD) has an average rating of buy and mean price target of $22.88 according to analysts polled by FactSet.(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: $12.64, Change: $+0.29, Percent Change: +2.31%

$SRAD

Brief: Bank of Canada's April Monetary Policy Report Sees GDP Growth at 1.2% in 2026 Vs. January View of 1.1%

Truist Lifts Price Target on Hilton Worldwide Holdings to $312 From $307, Keeps Hold Rating

Hilton Worldwide Holdings (HLT) has an average rating of overweight and mean price target of $350.78 according to analysts polled by FactSet.(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: $317.77, Change: $-5.58, Percent Change: -1.73%

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Research55d ago

Research Alert: Evr Delivers Record Q1, Showcasing Advisory Dominance And Operating Leverage

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:EVR delivered record Q1 2026 results with adjusted net revenues of $1.40B (+100% Y/Y), exceeding the $1.17B consensus, led by advisory fees of $1.24B (+123%). Adjusted EPS reached $7.53 versus $3.49 in the prior-year period ($2.10 ahead of consensus) demonstrating exceptional operating leverage. We view this as a win for EVR, as the firm effectively capitalized on improving M&A conditions and outperformed peers through its execution of transactions, including Warner Brothers Discovery's $110B sale and Devon Energy's $58B merger. The firm demonstrated operating efficiency, with adjusted operating margins expanding 870 bps to 25.3%. EVR continued talent expansion, ending with 182 investment banking SMDs versus 157 in the prior-year period, with three additional SMDs committed to joining later in 2026. The firm returned $673.3M to shareholders through dividends and share repurchases, while maintaining a balance sheet with $986M in cash, positioning it well for continued growth in the accelerating megadeal cycle.

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Bank of Canada As Expected Maintains Policy Rate at 2.25%

FactSet, JPMorgan Expand Partnership With Launch of Portfolio Analytics Product

FactSet (FDS) said Wednesday it is expanding its collaboration with JPMorgan (JPM) with the introduction of the Whole Portfolio Distribution product.The analytics and reporting product is available via FactSet and backed by JPMorgan's Fusion platform, the company said.The product was designed to provide institutional investors with a view across their portfolios and to decrease manual processes, FactSet said.Price: $233.08, Change: $+3.49, Percent Change: +1.52%

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Ares Management Promotes Peter Ogilvie to COO

Ares Management (ARES) said Wednesday it has promoted Peter Ogilvie to chief operating officer.Ogilvie previously was partner and head of the Ares Corporate Strategy Group. Prior to joining the company in 2007, he was worked in Credit Suisse's Leveraged Finance and Restructuring Group.Shares of Ares Management were down more than 2% in recent trading activity.Price: $110.70, Change: $-2.29, Percent Change: -2.03%

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Truist Raises Price Target on PACCAR to $126 From $120, Keeps Hold Rating

PACCAR (PCAR) has an average rating of hold and mean price target of $129.70 according to analysts polled by FactSet.(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: $121.11, Change: $+1.50, Percent Change: +1.25%

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Commodities55d ago

Biofuels Update: Major Feedstock Futures Track Higher Crude Oil Prices; Ethanol Diverges

Major biofuel feedstocks rose on Wednesday, as concerns over prolonged fuel supply disruptions due to the Middle East conflict continued to buoy crude oil prices and incentivize biofuel production.The May soybean oil contract hit new contract highs and was up 1.23% to 74.28 cents per pound in early trade, lifting the corresponding soybean contract by 0.40% to $11.78 per bushel.Rising biofuel demand could facilitate a drawdown in soybean oil stocks, which have recently reached six-year highs, according to Mark Soderberg of ADM Investor Services.With rallying soybean oil prices, competitiveness of used cooking oil from China has improved. Soderberg reported that two cargoes, carrying 339,000 barrels of UCO, reached Port Arthur in Texas last month."More is expected as the gap between US bean oil and UCO has widened," Soderberg said.Meanwhile, rising exports from Brazil, with its soybean harvest almost completed, continued to weigh on prices. The Brazilian National Association of Grain Exporters, Anec, projects shipments will reach around 16 million tons in April, compared with 13.5 mmt by one year earlier.A rapid pace of US soybean planting, exceeding historical averages, also put pressure on the market.In Asia, Malaysian palm oil futures closed higher after a volatile session, with the Bursa Malaysia Derivatives' May crude palm oil contract gaining 0.8% to 4,505 Malaysian ringgit ($1,139.93) per metric ton. The June contract rose by the same proportion to 4,545 ringgit/mt.However, slowing exports capped gains, with cargo surveyors reportedly estimating a 15.7% to 16.8% month-over-month drop in Malaysian shipments for the period April 1-25.Purchases from key importer India reportedly dropped, as buyers preferred to wait for prices to normalize before replenishing stocks.In China, import margins have recently improved after global palm oil prices declined from contract highs hit in early April, driven by the US-Iran conflict."One new September palm oil cargo was purchased yesterday, while spot transactions remain limited to essential buying," Chinese price reporting agency MySteel said.In top palm oil producers Indonesia, Malaysia, and Thailand, domestic demand is expected to increase with expanding biofuel use.However, Malaysia's move to raise its palm-based biodiesel blending to 15% from the current 10% may have limited benefits to industrial manufacturers, while it may be good for biofuel producers, Free Malaysia Today reported, citing Federation of Malaysian Manufacturers President Jacob Lee.Industrial fuel costs will remain heavily influenced by global market pricing, and manufacturers, who are not recipients of fuel subsidies will stay exposed to market volatilities, Lee reportedly said.In Indonesia, palm oil farmers objected to a proposed surface water tax, amounting to 1,700 Indonesian rupiah ($0.10) per tree per month, as this could cut farmers' income by more than 6%, Palm Oil Farmers Union national council chairman Mansuetus Darto told The Jakarta Post.The Indonesian Palm Oil Producers Association, Gapki, reportedly said the move would add an "unsustainable" cost layer to the industry that was already burdened by several government charges, including export levies, domestic market obligation, and the upcoming export proceeds rule.On the supply side, production may rise in the near term following a seasonal low. It may weaken in the medium term as the El Nino weather phenomenon develops, with a more than 90% chance of it happening in Q4.In the US, May-dated ethanol futures on the NYMEX slipped 1% to about $1.99 per gallon on Tuesday, as the market awaited weekly US production, stocks, and export data due Wednesday.

Truist Raises Price Target on Sensata Technologies Holding to $43 From $38, Keeps Hold Rating

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