Equities in Canada’s largest centre survived a volatile day Thursday, coming out on the positive side, on the strength of resource stocks. The TSX Composite gained 11.66 points to wrap up Thursday at 21,885.38. The Canadian dollar recovered 0.25 cents at 73.23 cents U.S. Gold led the sectors making headway Thursday, with New Gold acquiring 12 cents, or 5.1%, to $2.48, while OceanaGold hiked a dime, or 3.3%, to $3.13. In materials, Teck Resources climbed $5.42, or 8.7%, to $67.65, while MAG Silver popped $1.15, or 7%, to $17.70. In energy, Secure Energy rumbled 49 cents, or 4.4%, to $11.56, whi ..read more

Cannabix Technologies (C.BLO) hit a new 52-week high of 57 cents Thursday. Cannabix Technologies reports that Friedel, LLC, a private monitoring agency, based in Montana has deployed the Breath Logix Alcohol Breathalyzer (formerly known as the “CAB” product offering) under its 24/7 Sobriety Program. Methanex Corporation (T.MX) hit a new 52-week high of $64.58 Thursday. Methanex declared a $0.185 dividend Thursday. Tricon Residential Inc. (T.TCN) hit a new 52-week high of $15.36 Thursday. Tricon today announced receipt of Investment Canada Act approval in connection with the previously announce ..read more

Canada's main stock index tumbled 1% to its lowest in a week amid a broad sell-off as signs of persistent inflation in the United States pushed back hopes of an interest rate cut in the early half of the year. The TSX Composite remained negative 91.85 points moving into noon EDT Thursday at 21,781.87. The Canadian dollar recovered but 0.02 cents at 72.99 cents U.S. On the TSX, rate-sensitive technology stocks declined, dragged down by crypto miners Hut 8, which lost 31 cents, or 2.5%, to $12.00, and Bitfarms, off nine cents, or 3.2%, to $2.73, tracking a 1.1% decline in Bitcoin. If the decline ..read more

Stocks tumbled Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrials withered 568,98 points, or 1.5%, Thursday noon to 37,891.94. The S&P 500 index swooned 55.66 points, or 1.1%, to 5,015.97. The NASDAQ Composite stumbled 235.48 points, or 1.5%, to 15,477.27. Meta plunged 13% after the social media giant issued light revenue guidance for the second quarter. That would be the stock’s biggest one-day decline since October 2022. International Business Machines also fell 8% after missing consensus esti ..read more

Thursday, April 25, 2024 11:26 AM EST - Alset Capital Inc. : Announced that its 49% owned investee company, Cedarcross International Technologies Inc., has entered into a two-year AI Computing leasing agreement, with an arm's length counterparty. The Agreement is expected to generate approximately CAD$5.5 million in total revenue, with aggregate gross margin of approximately CAD$4.4 million over the contract's duration. Under the terms of the Agreement, Cedarcross Technologies will provide approximately 700,000 compute hours annually, totaling 1.4 million AI compute hours over the contract's d ..read more

VANCOUVER – USA News Group – The economic impact of the AI revolution is growing at a hyperbolic rate, with analysts at PWC projecting AI’s potential contribution to the global economy to hit US$15.7 trillion by 2030. Behind the scenes powering this shift are many players building out the infrastructure to provide the supercomputing power necessary to fulfill AI’s soaring demand, which alone is projected to consume enough energy to power a small country. While analysts are projecting the Computing Power Market to surpass US$81.3 billion by 2032, the biggest logistical threat to the AI wave are ..read more

Thursday, April 25, 2024 10:47 AM EST - OceanaGold Corporation : Announced that it will raise ?6.08B (approximately US$106M) through an Initial Public Offering of 20% of the common shares of its wholly-owned subsidiary, OceanaGold Philippines, Inc. on the Philippines Stock Exchange. OceanaGold Corporation (T.OGC) shares were up $0.01 at 3.04. Stocks in Play: OceanaGold Corporation, Thu, 25 Apr 2024 11:27:05 EST ..read more

Stock futures fell sharply Thursday after the latest U.S. economic data showed a sharp slowdown in growth and pointed to persistent inflation. The Dow Jones Industrials withered 644.09 points, or 1.7%, mid-morning Thursday to 37,816.23. The S&P 500 index swooned 65.02 points, or 1.3%, to 5,006.81. The NASDAQ Composite stumbled 247.87 points, or 1.6%, to 15,464.88. U.S. gross domestic product expanded 1.6% in the first quarter, the Bureau of Economic Analysis said. Economists polled by Dow Jones forecast GDP growth would come in at 2.4%. Following the GDP print, traders moved down exp ..read more

Markets in Canada’s largest centre plunged first thing Thursday, amid a broad selloff as signs of persistent inflation in the United States pushed back hopes of an interest rate cut in the early half of the year. The TSX Composite retreated 177.85 points to open Thursday at 21,695.87. The Canadian dollar slipped 0.05 cents at 72.91 cents U.S. Teck Resources missed first-quarter profit estimates on Thursday, pulled down partly by lacklustre steelmaking coal sales volumes and lower zinc prices. Teck shares hiked $3.66, or 5.9%, to $65.89. Rate-sensitive technology stocks were dragged down by a f ..read more

Bristol Myers Squibb (NYSE: BMY) shares dipped Thursday, after the drug maker reported first-quarter revenue that topped expectations as its blockbuster blood thinner Eliquis and several new drugs posted sales growth. But the company swung to a quarterly loss due to one-time charges related to its recently closed deals. It also launched a program to cut $1.5 billion in costs by 2025, and said it would reinvest the money in drug development. Bristol Myers said it will prioritize investment in its key drug brands and focus its resources on research and development programs that could deliver the ..read more