U.S.-Iran War Rattles Markets, Oil Prices Hit Two-Year High
European stocks and U.S. futures tumbled as the U.S.-Iran conflict fueled oil supply fears, driving crude to near two-year highs and slashing bets on interest rate cuts worldwide.
Category : Corporate News
Wall Street Losses Continue as Iran War Drives Oil Up 6%
The seventh day of conflict in Iran rattles global markets, sending oil prices soaring and pushing Wall Street into another session of losses as investors brace for economic turbulence.
Asian Markets Mixed, Oil Lower After Wall Street Losses
Asian stock markets showed mixed performance as oil prices edged lower, influenced by recent losses on Wall Street. Traders monitored currency fluctuations and economic indicators amid global uncertainties.
Air Transat Showdown Looms Over Peladeau's Control Bid
A potential corporate battle is brewing as Pierre Karl Peladeau's bid to gain control of Air Transat faces opposition, raising concerns over the airline's future direction and governance.
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Musk Defends Tweets in Twitter Stock Manipulation Lawsuit
Elon Musk testified in a shareholder lawsuit alleging his tweets caused Twitter's stock to fall before his acquisition, defending his social media activity as protected speech.
Skydance CEO Pledges CNN Independence, Critics Point to CBS
David Ellison promises editorial independence for CNN after Skydance's takeover of Warner Bros. Discovery, but critics highlight CBS News changes under Bari Weiss as a concerning precedent.
Simcoe County Marks International Women's Day with Awards
Simcoe County honors International Women's Day with the Woman's Business Awards at Hawke Ridge Golf Club in Orillia, highlighting local achievements and empowerment initiatives.
Nova Leap Health Posts Record 2025 Revenues and Adjusted EBITDA
Nova Leap Health Corp. announces its strongest financial year ever with record revenues and adjusted EBITDA across both Canadian and U.S. operations for 2025.
EdmontonNewsForever and ACFA Launch Partnership to Support Journalism
EdmontonNewsForever and the Association canadienne-française de l'Alberta have announced a new partnership aimed at enhancing local news coverage and community engagement across Alberta.
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Google Loses Legal Battle Against Canada's Competition Bureau
Google has suffered a significant legal setback in its ongoing dispute with Canada's Competition Bureau, marking a pivotal moment in the tech giant's regulatory challenges within the country.
Berkshire CEO Abel to Use All Pay for Stock Purchases
Berkshire Hathaway CEO Greg Abel commits to using his entire take-home pay to buy company stock, starting with a $15.3 million purchase this week. The move demonstrates alignment with shareholders as Berkshire restarts share buybacks.
Frontieras Appoints Nora Shepard as VP of Communications
Frontieras North America has appointed seasoned marketing executive Nora Shepard as Vice President of Communications to lead corporate messaging during a critical commercialization phase.
Maple Leaf Foods Q4 Profit Hits $391.2M After Pork Spinoff
Maple Leaf Foods reports a substantial fourth-quarter profit of $391.2 million, largely driven by the strategic spinoff of its pork division, marking a significant financial milestone for the company.
Spin Master Reports Q4 Loss, Revenue Down Year-Over-Year
Spin Master, the toy and entertainment company, has reported a fourth-quarter loss with revenue falling compared to the same period last year, reflecting challenges in the consumer goods sector.
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European Shares Edge Higher After Asia Surge, Economic Trends
European stock markets gained momentum after a significant surge in Asian equities, reflecting global economic shifts. This article explores the factors driving these movements and their implications for investors worldwide.
NextRock Investment Group Reveals $5B Global Strategy in Tokyo
NextRock Investment Group announces its launch in 2026 with dual headquarters in Tokyo and New York, raising $5 billion to build four global conglomerates through its debut fund 'The Next Gen Leaders'.
Canadian Women See Limited Promotion Pathways: Study
A recent study highlights that many Canadian women encounter significant barriers to career advancement, with limited opportunities for promotions in the corporate sector.
Markets Mixed as Oil Climbs, Iran Launches Attacks
Global stock markets show mixed performance amid surging oil prices and new military attacks by Iran, creating uncertainty for investors and economic stability worldwide.
Capstone Infrastructure Reports 2025 Results, Declares Dividend
Capstone Infrastructure Corporation has released its financial results for the fourth quarter and fiscal year ended December 31, 2025, along with declaring a quarterly dividend on its preferred shares.
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Judge Orders Tariff Refunds After Supreme Court Decision
A federal judge in New York ruled that companies are entitled to refunds for tariffs struck down by the Supreme Court, potentially costing the government billions.
AI Scams Rise During Fraud Prevention Month in Edmonton
Edmonton Police warn that generative AI is making scams more sophisticated and harder to detect, with investment frauds causing millions in losses. Experts urge vigilance and reporting.
Amazon Cuts 100+ Robotics Jobs in Restructuring
Amazon has eliminated at least 100 positions within its robotics division as part of a broader strategic restructuring effort, signaling a shift in the tech giant's automation priorities.
Ssense Layoffs Exceed 300 in Past Year Amid Bankruptcy
Montreal-based luxury fashion retailer Ssense has laid off 307 employees in the last year, including recent cuts at Chabanel and St-Laurent locations, as the company navigates bankruptcy protection and a contentious founder buyback.
Elon Musk Testifies in Twitter Shareholder Stock Trial
Elon Musk took the stand in a high-profile trial where Twitter shareholders accuse him of deliberately deflating the company's stock price before his acquisition.
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U.S. Banks on High Alert for Cyberattacks as Iran War Escalates
American financial institutions are intensifying cybersecurity measures in response to heightened threats linked to the escalating conflict with Iran, as reported by Reuters.
S&P/TSX Composite Up 150+ Points, U.S. Markets Also Climb
The S&P/TSX composite index rose significantly, gaining more than 150 points, while U.S. stock markets also posted strong gains. This upward movement reflects positive investor sentiment amid global economic developments.
Capital Power Q4: $13M Loss, Operational Funds Up
Capital Power announced a $13 million net loss for the fourth quarter, while funds from operations showed significant improvement, reflecting ongoing strategic adjustments in the energy sector.
Investors' Mental Readiness for Value Market Shift
Analysis of whether investors are prepared for a potential shift from growth to value investing, with insights from market data, Citi's risk report, and biotechnology developments.
George Weston Q4 Profit Hits $280M, Revenue Up 11%
George Weston Limited reports a strong fourth quarter with a $280 million profit and an 11% increase in revenue, driven by growth in its retail and food segments.
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Airline Stocks Recover as Flights Resume Amid Iran Conflict
Airline shares stabilized after a selloff as some flights departed the Gulf region despite ongoing tensions between Iran, the U.S., and Israel, easing travel disruptions.
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