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TransAlta Appointing Mike Politeski as Chief Financial Officer and Grant Arnold as Chief Commercial Officer

$TA.TO

High Tide Opening New Canna Cabana in Caledonia, Ontario

Cannabis retailer High Tide (HITI.V, Nasdaq: HITI) said Monday that it is opening a new retail cannabis store in Caledonia, Ontario.The company will begin selling recreational cannabis products along with related accessories for adult use on April 20. This opening brings High Tide's total store count to 221 Canna Cabana locations across the country, and 97 in Ontario."Opening on 4/20 is always symbolic, but this year is especially meaningful as we approach eight years since launching our very first Canna Cabana store in October 2018," said Raj Grover, founder and chief executive officer.High Tide shares closed down $0.04, to $3.28, on Friday, on the TSX Venture Exchange.

$HITI.V$HMMJ.TO

Commodities59d ago

Great Britain Wind Output Jumps in Q1, Renewables Biggest Source of Power, Says Montel

The power market in Great Britain saw strong wind output in the first quarter of the year reaching 29.2 terawatt-hours over the three months, helped by January storms, energy market insights provider Montel said in a market summary.It noted that NBP gas prices more than doubled to 52.6 British pounds ($71.09) per megawatt-hour in March following the closure of the Strait of Hormuz by Iran, up from 25.9 pounds in January.Cold weather in early January drove up demand to 47.3 gigawatts, the highest since March 2018, Montel said.Great Britain's net importers totaled 6.1 TWh over the quarter. Day-ahead prices reached 121.4 per MWh in early January rising to 182 pounds per MWh during times of system stress, the summary said.Renewables in the quarter generated 40.3 TWh, gas 22.5 TWh and nuclear 8.4 TWh out of total consumption of 77.3 TWh.The renewables portion of 40.3 TWh marked a considerable increase over 33.7 TWh in Q1 2025, Montel said and renewables produced 52% of all power produced in the first quarter.Looking ahead to Q2, the summary said seasonal lower demand may reduce pressure amid the energy crisis that started with the Iran war but the market will remain sensitive to movements in global gas markets.

$AEM.TO$AU.V$BTO.TO$RUP.TO

Update: Agnico Eagle Consolidaing Finland's Central Lapland Greenstone Belt In Three Separate Deals; Involves Rupert, Aurion, B2Gold

(Adds additional detail on the B2Gold deal in the fourth paragraph and further details on the three separate transactions in the fifth and sixth paragraphs)Agnico Eagle Mines (NYSE and TSX: AEM) announced Monday a plan to complete a consolidation of properties in the Central Lapland Greenstone Belt of Northern Finland that involves it entering into definitive agreements in respect of three separate transactions.These transactions include the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. (RUP.TO); the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. (AU.V); and the acquisition of a 70% interest in Fingold Ventures Ltd. held by B2Gold Corp. (BTO.TO), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV.A statement noted the company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.For its deal, B2Gold has agreed to sell to Agnico its 70% interest in Fingold in exchange for US$325 million in cash. In addition, B2Gold and Agnico Eagle have agreed to enter into a collaboration agreement related to their respective gold mining operations located in Nunavut, Canada.On the three separate transactions, Agnico said it puts Finland on a pathway to become an approximately 500,000-ounce annual gold production hub within the next decade; provides the financial, technical and on-the-ground resources to develop the highly prospective Ikkari gold project; and "creates significant value through optimized project development, including an extension of the Ikkari open pit onto the Fingold JV area, which is expected to capture additional gold ounces in the mine plan on both sides of the property boundary."AEM added the three separate transactions consolidate an approximate 2,492 km squared regional land position within the under-explored Central Lapland Greenstone Belt, "unlocking significant exploration potential with robust targets across all stages of exploration"; while integrating Ikkari into the company's established Finland platform delivers operating, development and construction synergies estimated at up to C$500 million, "over and above the value benefit that is expected to be realized by eliminating the property boundary constraint."Agnico Eagle's President and Chief Executive Officer, Ammar Al-Joundi said: "These transactions deliver on our long standing regional strategy and build on our more than 20 years of best-in-class operating experience in Finland to establish another multi-asset, multi-decade platform in our portfolio within a world class gold belt. By consolidating the highly prospective and under explored Central Lapland Greenstone Belt, we are bringing together our long life Kittila mine, the Ikkari gold project, unconstrained by property boundaries, and a district scale land position with clearly defined targets across all stages of exploration. Supported by a proven local team with the technical, operating and exploration expertise to execute, this consolidation positions us to accelerate development, capture unique synergies, drive project level value and unlock substantial long term exploration upside for our shareholders. This approach mirrors how we have successfully built value across our Canadian platforms and represents an important next chapter for our Finland business".Shares in AEM were last look down 1.1% in US premarket trade on Monday, amid a lower U.S. futures market. AEM was up 2.3% in Canada and 2.4% in the U.S. last Friday.

Seaport Global Upgrades American Electric Power to Buy From Neutral, Price Target is $145

American Electric Power Company (AEP) has an average rating of overweight and mean price target of $139.39, 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)

$AEP

Seaport Global Downgrades Southern Company to Neutral From Buy

Southern Company (SO) has an average rating of hold and mean price target of $103.67, 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)

$SO

Seaport Global Downgrades Entergy to Neutral From Buy

Entergy (ETR) has an average rating of overweight and mean price target of $118.87, 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)

$ETR

Equities59d ago

Raymond James Adjusts Price Target on Chevron to $225 From $238, Maintains Outperform Rating

Chevron (CVX) has an average rating of overweight and mean price target of $212.21, 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)

$CVX

Tonghua Dongbao Pharmaceutical Estimates Related-Party Transactions to Reach 92.6 Million Yuan in 2026

Tonghua Dongbao Pharmaceutical (SHA:600867) forecasts it will incur a total of 92.6 million yuan in routine related-party transactions in 2026, according to a Saturday filing with the Shanghai bourse.In 2025, actual related-party transactions reached 62.6 million yuan out of a projected 74 million yuan.

SHA:600867

Fortuna Mining Enters Into Earn-In Agreement for Quartzstone Project in Guyana

Fortuna Mining (FVI.TO) on Monday said it has entered into an earn-in agreement with private Guyanese company Qstone for the Quartzstone project in north central Guyana.Under the agreement, Fortuna may earn up to a 70% interest in the Quartzstone project.Fortuna may earn an initial 51% interest in the project by completing a minimum of 60,000 meters of drilling within four years, while paying all license fees and funding all related expenditures. Upon exercise of the first option, Fortuna will form a joint venture with Qstone.Fortuna may earn an additional 19% interest in the project by solely funding a feasibility study within three years of exercising the first option and continuing to pay all license fees.In addition to royalties payable to the state on gold production, the Quartzstone project is subject to a 4.5% net smelter returns royalty in favor of a prior owner, which may be repurchased.Historical drilling has identified multiple high grade zones of near-surface gold mineralization at the project.Fortuna's initial exploration program, budgeted at about US$5.5 million, will focus on advancing priority targets already defined at Quartzstone while generating additional targets along the highly prospective 26-kilometer main shear zone.

$FVI.TO

RBC Trims Price Target on Blackstone to $176 From $179, Keeps Outperform Rating

Blackstone (BX) has an average rating of overweight and mean price target of $145.25, 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)

$BX

Serverworks Lowers Full-Year Net Sales, Operating Profit Forecasts

Serverworks (TYO:4434) lowered its net sales forecast for the fiscal year ending February 2027 to 47.2 billion yen from 47.3 billion yen previously, according to a Tokyo bourse filing on Monday.The IT services company also cut its operating profit estimates to 1.31 billion yen from 1.37 billion yen, and ordinary profit to nearly 1.4 billion yen from 1.42 billion yen.The downward revisions are part of a broader strategy to build an operational foundation capable of supporting scalable growth in an AI-driven market environment. The company will prioritize resale market share acquisition through large-scale enterprise projects, which temporarily lowers gross profit margins.To offset this decline, the company plans to control SG&A expenses by improving operational efficiency through internal AI adoption, thereby maintaining ordinary profit margins at previously targeted levels.

TYO:4434

Treasury59d ago

Monday's CPI to Help Understand How Much The Energy Shock Is Feeding Into Canada's Economy, Says TD

This week's focus turns to March inflation data, which will help clarify how much of the recent energy shock resulting from the Iran war is feeding through beyond gasoline, said TD.Canada is slated to release the consumer price index for March at 8:30 a.m. ET on Monday.With inflation having been relatively well-behaved heading into the conflict, the Bank of Canada is likely to look through near-term energy-driven volatility, provided core measures remain contained, stated TD. That sets up an important backdrop for the April 29 BoC policy decision, where the bank expects the policy rate to remain unchanged at 2.25%.That said, TD predicts Canada's central bank to monitor this shock carefully and act if circumstances change.In response to higher fuel costs, the Prime Minister Mark Carney government announced a temporary suspension of federal fuel excise taxes last week. These taxes amount to 10 cents/liter on gasoline and 4 cents/liter on both diesel and aviation fuels. The suspension will run from Monday through Labour Day (Sept. 7), delivering about $2.4 billion in tax relief.The move is framed as short-term affordability support for households and fuel-intensive sectors. The Liberal government also secured a majority in parliament last week after sweeping three federal byelections in Ontario and Quebec, pointed out the bank.TD won't need to wait long to see how Canada's finances are faring, with the Spring Economic Update set for April 28. This update will show how war-related shocks and new affordability measures affect the outlook.Importantly, this will be the first spring update under the new fiscal calendar adopted last fall, and markets will watch closely to see how temporary relief measures and higher defense and infrastructure ambitions are reconciled with medium-term deficit management, added the bank.Last week's data releases continued to show subdued, but stabilizing, activity, according to TD. National home resales were nearly flat in March, and prices slipped. Housing starts also weakened. The Canadian housing market remains stuck between uncertainty and affordability challenges, with early-spring activity lagging typical seasonal levels.However, manufacturing and wholesale sales improved in February, rebounding from January's decline. This recovery was driven by better transportation equipment output, as auto assembly lines returned to normal after shutdowns for retooling. While these gains are positive, they follow earlier softness and leave activity levels only slightly higher than a year ago.

$CXY

Market Chatter: China Clean Energy Exports Rise in March Amid Heightened Demand from Iran War

Chinese clean technology exports increased in March, indicating higher demand for alternative energy sources amid the war in Iran, Bloomberg reported Saturday, citing Customs.Lithium-ion battery exports climbed 34% year over year while electric vehicle exports jumped 53%, the report said.Solar cell exports soared 80% during the month, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Shanghai Composite^SZSE

$AEM.TO$AU.V$BTO.TO$RUP.TO

Agnico Eagle Consolidaing Finland's Central Lapland Greenstone Belt In Three Separate Deals; Involves Rupert, Aurion, B2Gold

Agnico Eagle Mines (NYSE and TSX: AEM) announced Monday a plan to complete a consolidation of properties in the Central Lapland Greenstone Belt of Northern Finland that involves it entering into definitive agreements in respect of three separate transactions.These transactions include the acquisition of all of the issued and outstanding shares of Rupert Resources Ltd. (RUP.TO); the acquisition of all of the issued and outstanding shares of Aurion Resources Ltd. (AU.V); and the acquisition of a 70% interest in Fingold Ventures Ltd. held by B2Gold Corp. (BTO.TO), which together with the 30% interest held by Aurion, would result in Agnico Eagle owning a 100% ownership interest in the Fingold JV.A statement noted the company currently owns 13.9% of Rupert on a non-diluted basis and 9.9% of Aurion on a partially diluted basis.Agnico Eagle's President and Chief Executive Officer, Ammar Al-Joundi said: "These transactions deliver on our long standing regional strategy and build on our more than 20 years of best-in-class operating experience in Finland to establish another multi-asset, multi-decade platform in our portfolio within a world class gold belt. By consolidating the highly prospective and under explored Central Lapland Greenstone Belt, we are bringing together our long life Kittila mine, the Ikkari gold project, unconstrained by property boundaries, and a district scale land position with clearly defined targets across all stages of exploration. Supported by a proven local team with the technical, operating and exploration expertise to execute, this consolidation positions us to accelerate development, capture unique synergies, drive project level value and unlock substantial long term exploration upside for our shareholders. This approach mirrors how we have successfully built value across our Canadian platforms and represents an important next chapter for our Finland business".Shares in AEM were last look down 1% in US premarket trade on Monday, amid a lower U.S. futures market. AEM was up 2.3% in Canada and 2.4% in the U.S. last Friday.

Jardine Matheson Buys Back Shares

Jardine Matheson (SGX:J36) bought back 15,000 shares in the open market on Monday for $73.2874 per share, according to a Wednesday filing with the Singapore Exchange.The repurchased shares will be canceled.

SGX:J36

US Markets59d ago

QXO to Acquire TopBuild in $17 Billion Deal

QXO (QXO) has agreed to acquire insulation products company TopBuild (BLD) in a cash-and-stock deal worth roughly $17 billion, as the roofing products distributor aims to expand its building products portfolio.Shareholders of TopBuild will have the option to receive $505 per share in cash or 20.2 shares of QXO, subject to proration, with the cash portion capped at 45% of the consideration, according to a Sunday statement. The per-share cash consideration represents a premium of about 23% to TopBuild's closing price on Friday.TopBuild's stock jumped 20% in Monday's most recent premarket activity, while QXO declined 1.5%."TopBuild will be our most significant acquisition yet, making QXO the second largest publicly traded building products distributor in North America," QXO Chief Executive Brad Jacobs said in a statement. "The TopBuild transaction will also give us critical mass in the insulation sector and expand our exposure to large, complex projects like data centers, where scale matters."The companies expect the deal to combine QXO's position in roofing, waterproofing and lumber-related building materials with TopBuild's insulation capabilities, creating an entity with $18 billion in combined revenue, according to Jacobs.The transaction, which requires approval from both companies' shareholders, is expected to complete in the third quarter. Following completion, QXO expects to have 28,000 employees and 1,150 locations across the US and seven Canadian provinces."We're excited to join QXO and combine our leadership in insulation installation and specialty distribution with QXO's scale, technology, and procurement capabilities," according to TopBuild CEO Robert Buck. "Together, we'll enhance customer service, unlock meaningful cross-selling opportunities, and drive continued growth and operating efficiency."QXO estimates the deal to be immediately and substantially accretive to its earnings. It also forecasts roughly $300 million in synergies from the integration of TopBuild by 2030, including revenue synergies from cross-selling an expanded range of integrated solutions."We see the deal adding 15%+ in (earnings per-share) accretion in 2027 given a combination of very high QXO valuation, strong margins at (TopBuild) and a potential for a better market for all in 2027," Truist Securities said in a Sunday client note.TopBuild projects to record annual revenue of $9 billion to $10 billion by 2030, according to the statement. In 2025, the company recorded adjusted sales of around $6.2 billion.In February, TopBuild said it expected sales to come in between $5.93 billion and $6.23 billion for 2026, while the current consensus on FactSet is for $6.05 billion.

$BLD$QXO

Singtel Buys Back, Cancels Shares Worth SG$39.4 Million

Singtel (SGX:Z74) bought back and canceled 8.2 million shares in the open market on Monday for SG$39.4 million, according to a same-day filing with the Singapore Exchange.To date, the telecommunications services provider has bought back nearly 87.1 million shares from its existing buyback mandate.

SGX:Z74