Author: TSX Stocks

BriaCell Reports Robust Overall Survival and Clinical Benefit Data at ASCO 2025


BriaCell Reports Robust Overall Survival and Clinical Benefit Data at ASCO 2025 – Toronto Stock Exchange News Today – EIN Presswire




















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TSX posts biggest monthly gain since November as political risk potentially peaks

TSX ends down 0.1% at 26,175.05

For the month, the index gains 5.4%

First-quarter GDP increases 2.2%

May 30 – Canada’s main stock index edged lower on Friday as energy and metal mining shares lost ground, but the index still posted its biggest monthly advance since November, helped by easing global trade tensions.

The Toronto Stock Exchange’s S&P/TSX composite index ended down 35.51 points, or 0.1%, at 26,175.05, its second straight day of declines after posting a record closing high on Wednesday. For May, the index was up 5.4%.

“I wouldn’t be surprised to see some consolidation after a big run, but intermediate-term the path of least resistance is up,” said Joseph Abramson, co-chief investment officer at Northland Wealth Management. “I think that political risk has peaked in terms of tariffs.”

The U.S. has suspended in recent weeks some of the sweeping tariffs it has imposed on goods from other countries, while Canada’s economy has fared better during the first few months of the global trade war than some economists had expected.

Canadian gross domestic product increased at an annualized rate of 2.2% in the first quarter, beating estimates for a gain of 1.7%.

The energy sector fell 1.8% on Friday as the price of oil settled 0.25% lower at $60.79 a barrel and after oil sands company MEG Energy said it evacuated all nonessential workers from its Christina Lake production facility in northern Alberta due to wildfires burning in the area. The company’s shares ended 2.8% lower.

The materials group, which includes metal mining shares, also lost ground as the price of gold dipped.

Heavily weighted financials added 0.2%, and were up 1.3% for the week in which Canada’s biggest banks reported quarterly earnings.

This article was generated from an automated news agency feed without modifications to text.

NFI Announces Pricing of $600 million Second Lien Notes Offering


NFI Announces Pricing of $600 million Second Lien Notes Offering – Toronto Stock Exchange News Today – EIN Presswire




















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Oilsands power play as producers ponder takeover (Business)

Strathcona Resources Ltd. has formally launched its takeover bid for fellow oilsands producer MEG Energy.

Its offer, open until Sept. 15, comprises 0.62 of a common share of Strathcona and $4.10 in cash for each MEG share it doesn’t already own.

MEG said Friday that its board as well as legal and financial advisers will consider the offer. A special committee of independent directors will assist in that review.

The target company is urging shareholders to take no action until it has made a recommendation, which it expects to do within 15 days.

Also Friday, Strathcona announced an equity commitment letter with Waterous Energy Fund, whose CEO Adam Waterous is executive chairman of Strathcona.

The fund owns almost 80 per cent of Strathcona shares, and the new investment is worth about $662 million.

“WEF’s major further investment in Strathcona reflects our view that more than eight years into building Strathcona, our best years are in front of us. As part of the offer, we are asking MEG shareholders to join us as fellow shareholders in Strathcona and trust the Strathcona team as stewards of their capital,” Waterous said in a release Friday.

“We therefore believe it is important that we eat our own cooking, ensuring no one will be more focused on increasing Strathcona’s value beyond current levels than WEF. We firmly believe Strathcona represents compelling value at this price with a large margin of safety, and that we and the partners in our fund will do very well over the long run.”

Strathcona announced its ambitions to snap up MEG earlier this month.

On a call with analysts at the time, Waterous said his company and MEG have assets so complementary they are like “doppelgangers” or “brothers from another mother.”

Strathcona and MEG both extract bitumen using steam-driven techniques in eastern Alberta and don’t have fuel refining or retail businesses like some bigger oilsands players.

Shortly before the MEG bid was announced, Strathcona signalled its plans to become a pure-play heavy oil company when it announced the sale of its Alberta shale natural gas operations in three separate deals for a total of $2.84 billion.

It also said it bought the Hardisty crude-by-rail terminal in Alberta for about $45 million.

Strathcona shares rose more than two per cent to $29.42 in Friday trading on the Toronto Stock Exchange. MEG shares fell almost two per cent to $24.53.

MEG’s stock has been trading higher than the value of the bid, suggesting investors believe a better offer might come along. Analysts have said competing bids may come from oilsands majors like Cenovus Energy Inc., Canadian Natural Resources Ltd. or Imperial Oil Ltd.

PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid


PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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Osisko Development to Complete Third Deferred Payment Installment in Connection with the Tintic Acquisition; Engages Resource Stock Digest


Osisko Development to Complete Third Deferred Payment Installment in Connection with the Tintic Acquisition; Engages Resource Stock Digest – Toronto Stock Exchange News Today – EIN Presswire




















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North American Financial 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid


North American Financial 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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Dividend 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid


Dividend 15 Split Corp. Announces TSX Acceptance of Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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Dividend 15 Split Corp. II Announces TSX Acceptance of Normal Course Issuer Bid


Dividend 15 Split Corp. II Announces TSX Acceptance of Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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Canadian Banc Corp. Announces TSX Acceptance of Normal Course Issuer Bid


Canadian Banc Corp. Announces TSX Acceptance of Normal Course Issuer Bid – Toronto Stock Exchange News Today – EIN Presswire




















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