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BMO on The Day, Week Ahead in Canada

The US dollar (USD) is softer (BBDXY -0.25%) with the Canadian dollar (CAD or loonie) firmer (CAD per USD -0.44%) early Monday, said Bank of Montreal (BMO).The Bank of Canada will release its policy statement on Wednesday, together with the new Monetary Policy Report (MPR). The BoC is expected to keep rates unchanged, noted the bank.The BoC will also release its latest MPR with updated estimates for potential growth -- in the low-1% range -- and the neutral rate, seen in the 2.25%-to-3.25% range, stated BMO.Also on this week's Canadian docket there is Tuesday's Spring Economic Update from the Canadian government, which will refresh the estimates published in the November FY26/27 budget. There seems to be some fiscal upside compared with the budget's original $65.4 billion deficit, pointed out the bank.On Thursday, BMO expects real gross domestic product growth to accelerate another tenth to 0.2% month over month in February, in line with Statistics Canada's flash estimate. The March flash estimate will be one to watch as it will capture the initial reaction to the outbreak of the Iran war.

$CAD$CXY$USD

Asia55d ago

Hanwha Ocean's Net Attributable Income Jumps 132% in Q1

Hanwha Ocean (KRX:042660) posted first-quarter net income attributable to shareholders of 500 billion won, up 132% from 215.7 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean shipbuilder's sales rose 2.1% year over year to 3.200 trillion won from 3.143 trillion won.Shares of Hanwha Ocean fell 1% at market close.

KRX:042660

Research55d ago

Update: Chardan Initiates Riot Platforms at Buy With $27.50

Riot Platforms (RIOT) has an average rating of buy and mean price target of $26.58, 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)

$RIOT

Research55d ago

JPMorgan Initiates Coverage on Matson With Overweight Rating, $230 Price Target

Matson (MATX) has an average rating of Buy and mean price target of $220, 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)

$MATX

Research55d ago

Chardan Initiates Keel Infrastructure at Buy With $4.50 Price Target

$KEEL

Research55d ago

JPMorgan Initiates Coverage on Powell Industries With Overweight Rating, $310 Price Target

Powell Industries (POWL) has an average rating of overweight and mean price target of $199, 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)

$POWL

Research55d ago

Northland Downgrades Advanced Micro Devices to Market Perform From Outperform

Advanced Micro Devices (AMD) has an average rating of overweight and mean price target of $298.15, 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)

$AMD

Asia55d ago

AU Small Finance Bank Names CFO

AU Small Finance Bank (NSE:AUBANK, BOM:540611) has appointed Gaurav Jain as chief financial officer, effective Monday, according to a same-day filing on Indian bourses.He has been serving as interim CFO of the company since September 2025, the filing said.Shares of the company were down over 2% in after-market hours.

BOM:540611NSE:AUBANK

Research55d ago

HC Wainwright Initiates Coverage on LB Pharmaceuticals With Buy Rating, $45 Price Target

LB Pharmaceuticals Inc (LBRX) has an average rating of Buy and mean price target of $44, 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)

$LBRX

Asia55d ago

LG Innotek's Net Attributable Income Jumps 168% in Q1

LG Innotek (KRX:011070) posted first-quarter net income attributable to shareholders of 229.1 billion won, up 168% from 85.6 billion won a year earlier, according to a Monday filing with the Korea Exchange.The South Korean materials and components manufacturer's sales rose 11% year over year to 5.535 trillion won from 4.983 trillion won.Shares of LG Innotek fell more than 1% at market close.

KRX:011070

Research55d ago

HC Wainwright Initiates Coverage on NervGen Pharma With Buy Rating, $18 Price Target

NervGen Pharma Corp. (NGEN) has an average rating of Buy and mean price target of $10.67, 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)

$NGEN

Mining & Metals55d ago

Wall Financial Reports Slightly Higher Q4 Earnings Even As Revenues Fall

Wall Financial (WFC.TO), a B.C. based real estate company, reported slightly higher earnings in the fourth quarter even as revenues declined, it said Friday.For the three months ended Jan. 31, the company recorded net earnings and comprehensive income attributable of $3.044 million or $0.10 per share compared to $3.016 million or $0.09 per share, a year earlier.Total revenue decreased to $36.1 million in the quarter versus $43.4 million, a year-ago.WFC said revenue and income from the rental apartment operations decreased compared to the prior year due a commercial tenant vacating the building in the prior year on the commencement of demolition and excavation for a new building. Earnings from the company's hotels increased due to lower operating costs. Revenues and earnings from development operations decreased due to fewer condominium unit sales in the current period.Shares of the company closed up 0.1% to $16 on Friday on the Toronto Stock Exchange.

$WFC.TO

Research55d ago

Jefferies Initiates Coverage on Rubrik With Buy Rating, $65 Price Target

Rubrik (RBRK) has an average rating of Buy and mean price target of $82.96, 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)

$RBRK

Research55d ago

Chardan Initiates Riot Platforms at Buy

$RIOT

Asia55d ago

Anritsu's Profit Increases 26% for Fiscal 2025

Anritsu's (TYO:6754) profit attributable to owners of the parent surged 26% to 11.7 billion yen in fiscal year 2025 from 9.26 billion yen a year earlier.The electronics company's basic earnings per share increased to 91.20 yen from 70.42 yen a year ago, according to a Tokyo bourse filing on Monday.Revenue edged up 4% to 117.5 billion yen in the year ended March 31 from 113 billion yen in the prior year.Anritsu raised its final dividend to 30 yen per share, including a 4 yen commemorative dividend, from 20 yen initially. The dividend is payable from June 26.For fiscal year 2026, the company expects attributable profit of 15 billion yen, basic EPS of 117.19 yen, and revenue of 140 billion yen.Anritsu plans to pay interim and year-end dividends of 25 yen per share each for the year, which is higher than the amount paid in the year-ago period.

TYO:6754

Mining & Metals55d ago

Rock Tech Lithium Launches Process to Dual-List on NASDAQ, TSX Venture Exchange

Rock Tech Lithium (RCK.V) has launched the process to become a dual-listed company, filing a preliminary short form base shelf prospectus and annual information form in each of the Canadian provinces and territories, the company said late on Friday.The company intends to execute a NASDAQ dual-listing through the multi-jurisdictional disclosure system, the established bilateral framework between Canadian and U.S. capital markets regulators.This bilateral system reduces regulatory duplication, cost and processing time, which may streamline the disclosure process for a NASDAQ cross-listing, subject to SEC effectiveness and NASDAQ approval.Rock Tech's existing TSX Venture Exchange listing, combined with its 12-month-plus Canadian reporting history and qualifying public float, positions the Company as MJDS-eligible.The NASDAQ filing remains subject to NASDAQ approval.The NASDAQ listing, if completed, could serve as a significant re-rating catalyst, expanding visibility, research coverage and shareholder liquidity, the company said.

$RCK.V

Research55d ago

Jefferies Initiates Coverage on Commvault Systems With Hold Rating, $105 Price Target

Commvault Systems (CVLT) has an average rating of overweight and mean price target of $130.60, 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)

$CVLT

Research55d ago

Jefferies Initiates Coverage on Cohu With Buy Rating, $55 Price Target

Cohu (COHU) has an average rating of Buy and mean price target of $38.29, 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)

$COHU

Mining & Metals55d ago

CGI Launches High Security Sovereign AI Platform in Finland

Independent IT and business consulting services firm CGI (GIB-A.TO) is launching a high-security sovereign AI and data services platform in Finland, the company said on Monday.The service offers a deployment model delivered from a Finland-based data center, and provides a KATAKRI-compliant (Finland's national security auditing criteria) environment for organizations to develop and operate AI applications, Monday's statement noted."Generative AI offers significant potential for innovation and efficiency, and organizations are currently evaluating different ways to integrate AI into their overall architecture. CGI's high-security AI platform provides a trusted alternative to public cloud and hybrid solutions, enabling clients to adopt AI quickly and securely while maintaining strong control over their data and environment, said CGI Finland's Jenni Mikkola, senior vice president and leader for global technology operations.CGI shares closed down $0.70, to $99.34 on Friday on the Toronto Stock Exchange.

$GIB-A.TO

Research55d ago

Chardan Initiates Galaxy Digital at Buy With $35 Price Target

Galaxy Digital Inc. Class A (GLXY) has an average rating of buy and mean price target of $40.10, 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)

$GLXY

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