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Canfor to Close Alberta Sawmill, Cites Weak Markets, US Tariffs

Canfor (CFP.TO) will shut down the Fox Creek sawmill in Alberta, citing weak market conditions, high US tariffs and fibre supply disruptions.The closure will represents a production capacity loss of 120 million board feet, the forest products company said late Tuesday.Canfor expects to cease operations at Fox Creek by late summer.

$CFP.TO

Equities17d ago

RBC Capital Markets Initiates Restore Plc at Outperform

RBC Capital Markets on Tuesday started its coverage of Dutch offshore floating production company SBM Offshore (SBMO.AS) with an outperform rating and a price target of 45 euros.(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://finwires.com/en/contact)

$SBMO.AS

Equities17d ago

Banca Akros Downgrades Saipem to Accumulate, Lowers PT

Banca Akros (ESN) on Wednesday downgraded oilfield services company Saipem (SPM.MI) to accumulate from buy and lowered the price target to 4.40 euros from 4.80 euros.(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://finwires.com/en/contact)

$SPM.MI

Wire17d ago

Clean Harbors Q2 Earnings, Revenue Rise

Clean Harbors (CLH) reported Q2 earnings Wednesday of $3.22 per diluted share, up from $2.36 a year earlier.Analysts surveyed by FactSet expected $2.76.Revenue for the quarter ended June 30 was $1.74 billion, compared with $1.55 billion a year earlier.Analysts expected $1.64 billion.Shares of the company rose more than 5% in premarket activity Wednesday.Price: $320.00, Change: $+16.33, Percent Change: +5.38%

$CLH

Mining & Metals17d ago

Allied Gold Ends Zijin Agreement, Secures $295 Million Strategic Investment

Allied Gold (AAUC.TO) said Wednesday that the agreement with Zijin Gold has been terminated as both companies do not foresee the agreement's conditions being satisfied by the outside date of July 29.Zijin will instead make a $295 million strategic investment in Allied and will subscribe for 12.8 million shares at C$32.55 per subscription share through a private placement, a statement said. The investment will give Zijin a 9.2% equity stake in Allied.Proceeds will be used to develop Allied Gold's properties in Mali, Cote d'Ivoire and Ethiopia.The company separately said it produced 97,429 gold ounces in the second quarter, a 7% increase over the comparable quarter in 2025.Total gold production for the first half of the year was 193,445 ounces.Allied Gold shares closed up C$0.06, to C$29.50 on Tuesday on the Toronto Stock Exchange.

$AAUC.TO

Asia17d ago

Japan's Renova Says No Damages Seen at Kyushu Region Power Plants After Kumamoto Earthquake

Renova (TYO:9519) confirmed no damages to its power plants in the Kushu region in Japan, which includes the Kumamoto Prefecture that was hit by a 7.1-magnitude earthquake on Tuesday.The renewable energy company said Wednesday its large-scale solar PV power plants and biomass power plants were unaffected but that it will make an update if any new damage occurs.

TYO:9519

Oil & Energy17d ago

Update: Market Chatter: UAE LNG Exports Continue Despite Middle East Strife

(Update with Adnoc's comment in 4th paragraph)Liquefied natural gas loading at the UAE's Das Island export terminal is continuing, while an empty tanker owned by Abu Dhabi National Oil was seen in the Persian Gulf on Wednesday, despite renewed tensions in the region, Bloomberg reported Wednesday, citing ship-tracking data and satellite images.Vessel movements indicate that the Gulf state seeks to maintain shipments even after hostilities intensified, Bloomberg said. On Friday, a tanker was reportedly docked at the terminal, although no nearby vessels were broadcasting their positions during the period.Carriers are masking their locations for safety. Three other Adnoc-linked LNG vessels, likely set to load shipments from Das island, stopped transmitting signals on July 24 while anchored near the strait's entrance off the UAE's eastern coast, the news agency said."We do not comment on the position, movements, or routing of our vessels as a matter of policy," an Adnoc Logistics and Services spokesperson 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.)

Research17d ago

goeasy Shares Downgraded to Underperform at ATB; Price Target Kept at C$35.00

ATB Cormark Capital Markets downgraded goeasy (GSY.TO) to underperform from sector perform on Wednesday.Analyst Jeff Fenwick maintained a C$35.00 price target on shares of the financial services company ahead of its second-quarter results on August 6."goeasy's share price has rallied off the lows, now near book value, which to us looks stretched given the continued challenges facing the company," Fenwick said in a note to clients.(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://finwires.com/en/contact)

$GSY.TO

Asia17d ago

New Oriental Education's Profit Surges 776% in Fiscal Q4

New Oriental Education & Technology Group (HKG:9901) recorded attributable net income of $62.2 million for the three months ended May 31, up 776% from $7.1 million a year prior.The company saw earnings per share of $0.04 in the fourth fiscal quarter, according to a Wednesday Hong Kong bourse filing.The private educational services company's revenue climbed 23% to $1.53 billion from $1.24 billion previously, mainly due to a higher revenue from its new educational business initiatives.For the fiscal year ended May 31, attributable net income increased 28% to $475.2 million year over year, with revenue jumping 16% to $5.66 billion.

HKG:9901

Wire17d ago

Amphenol Q2 Adjusted Earnings, Revenue Rise; Q3 Outlook Set

Amphenol (APH) reported Q2 adjusted earnings Wednesday of $1.35 per diluted share, up from $0.81 a year earlier.Analysts surveyed by FactSet expected $1.18.Revenue for the quarter ended June 30 was $8.76 billion, up from $5.65 billion a year earlier.Analysts expected $8.26 billion.The company expects Q3 adjusted earnings of $1.40 to $1.42. Analysts expect $1.27.Meanwhile, revenue for the quarter is projected to be between $9.3 billion and $9.4 billion. Analysts expect $8.67 billion.Shares of Amphenol rose more than 6% in recent Wednesday pre-bell activity.Price: $153.00, Change: $+9.15, Percent Change: +6.36%

$APH

Asia17d ago

Fukuoka REIT Logs No Major Damages to Properties from Kumamoto Earthquake in Japan

Fukuoka REIT (TYO:8968) reported no major damages or human casualties at its properties in Kumamoto Prefecture after an earthquake on Tuesday.The Japanese real estate company said Wednesday that some buildings, however, saw minor damage. It has eight properties in municipalities that recorded a magnitude 4 or higher quake.

TYO:8968

Equities17d ago

Trican Well Service Swings to Q2 Loss

Trican Well Service (TCW.TO) reported second quarter loss per share of C$0.01 compared to profit per share of C$0.11 a year earlier.Revenue rose to C$214.6 million for the three months ended Jun. 30, up from C$213.8 million, a year-ago. Analysts expected revenue of C$220.8 million.The company's board on Tuesday, approved a quarterly dividend of C$0.055 per share, unchanged from the prior quarter. The dividend is payable on Sept. 30, to shareholders of record as of the close of business on Sept. 15.Shares of the company closed down 1.6% to C$6.35 on Tuesday on the Toronto Stock Exchange.

$TCW.TO

Asia17d ago

K's Holdings Reviews Impact of Kumamoto Earthquake, Says Two Stores Closed

K's Holdings (TYO:8282) is reviewing business performance after the earthquake that hit Kumamoto, Japan, on Tuesday, but any impact is expected to be "minimal," according to a Wednesday filing.The home appliances and electronics retailer, however, noted that two stores in Uto and Yatsushiro were closed and that restoration efforts are expected to take time. Other stores in the prefecture are also disrupted with shorter hours and other restrictions.The company also flagged delayed deliveries and said it will resume normal operations once safety is confirmed.

TYO:8282

Research17d ago

Great-West Lifeco Price Target Raised to C$106 at TD

TD Securities raised its price target on Great-West Lifeco (GWO.TO) to C$106 from C$98 on Wednesday.Analyst Mario Mendonca maintained a Buy rating on shares of the Canadian financial services company following its quarterly results on Tuesday."We characterize GWO's Q2/26 results as good but skewed toward strength in CRS (reinsurance), rather than Empower," Mendonca said in a note to clients.(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://finwires.com/en/contact)

$GWO.TO

Research17d ago

Celestica Price Target Raised to $450 at RBC

RBC Capital Markets raised its price target on Celestica (CLS.TO, CLS) to $450 from $440.Analyst Paul Treiber maintained an Outperform rating on shares of the Canadian electronic manufacturing services company following its Q2 results."Celestica is executing well, with share gains, an increasing mix of high-quality revenue, and improving visibility to growth," Treiber said in a note to clients. "Moreover, Celestica's valuation is increasingly attractive."(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://finwires.com/en/contact)

$CLS$CLS.TO

Research17d ago

Gibson Energy Price Target Raised to C$33 at RBC

RBC Capital Markets raised its price target on Gibson Energy (GEI.TO) to C$33 from C$30.Analyst Maurice Choy maintained an Outperform rating on shares of the Canadian midstream oilfield service company following its quarterly results."The strong Q2/26 marketing will reignite the market's attention on the potential benefits (and surprises) this business can bring in terms of generating capital-light cash flows to de-lever and/or fund long-term projects," Choy said in a note to clients.(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://finwires.com/en/contact)

$GEI.TO

Mining & Metals17d ago

Cardinal Energy Posts Higher Q2 Earnings, Revenue

Cardinal Energy (CJ.TO) reported Q2 earnings of C$0.38 per diluted share, rising from C$0.10 a year earlier.Analysts polled by FactSet expected C$0.39.Revenue for the quarter ended June 30 was C$231.6 million from C$127.4 million a year earlier.Analysts expected C$239.3 million.

$CJ.TO

Research17d ago

RBC Cuts Price Target on Boeing to $265 From $275, Keeps Outperform Rating

Boeing (BA) has an average rating of overweight and mean price target of $271.12, 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://finwires.com/en/contact)

$BA

Sectors17d ago

Allied Gold Terminates Zijin Gold Acquisition Agreement

Allied Gold (AAUC) said Wednesday it has mutually terminated its previously announced arrangement agreement under which Zijin Gold International would acquire the company.The company said Zijin has agreed to make a strategic investment of about $295 million in Allied Gold through the purchase of newly issued common shares.

$AAUC

Asia17d ago

Contiocean Environment Completes Acquisition of OM Singapore

Contiocean Environment Tech Group (HKG:2613) completed the acquisition of OM Singapore on July 29, after paying the consideration to the seller, according to a same-day Hong Kong bourse filing.The acquisition follows the completion of the purchase of OM Shanghai on April 16 as part of the company's acquisition of the vessels-related assets.

HKG:2613

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