Browsing: Investment News

Magna International reported third-quarter adjusted earnings of US$1.83 a share, up 38 per cent, on sales of US$10.1 billion, raised its free cash flow outlook and announced a new share buyback.

Air Canada posted record third-quarter revenue of $6.984 billion and net income of $139 million, but cut its 2026 adjusted EBITDA forecast to $2.4 billion to $2.7 billion on higher fuel prices.

U.S. futures slide after Amazon and Intel results, oil tops US$104, and GDP data are due. TSX closed Thursday at 36,249.03. Air Canada cut its outlook and Magna reported.

The S&P/TSX composite index slipped 16.06 points to 36,249.03 on Thursday as basic materials fell and Alphabet’s record one-day drop pulled U.S. markets lower.

The S&P/TSX composite rose 93.60 points to 36,265.09 on Wednesday as technology and energy stocks gained after the Bank of Canada raised its key rate to 2.5 per cent.

Bank of Canada expected to hike 25 basis points today as futures edge up and oil tops US$101. TSX closed Tuesday at 36,171.49. Agnico Eagle and CPKC report.

The S&P/TSX composite rose 227.33 points to 36,171.49 Tuesday as gold miners and Celestica rallied and energy fell ahead of the Bank of Canada decision.

The TSX was down 19.40 points to 35,924.76 at 10:31 a.m. ET Tuesday as Celestica jumped 9.52 per cent, with the Bank of Canada decision due Wednesday.

Futures edge higher ahead of Wednesday’s Bank of Canada decision, with markets pricing a quarter-point hike. Oil near US$101 and the TSX closed at 35,944.16.

Celestica reported Q3 revenue of US$5.83 billion and adjusted EPS of US$3.30, raised its 2026 outlook and set a 2027 revenue target of US$40 billion.