Category: Uncategorized

Monday August 11

China CPI, PPI, aggregate yuan financing and new yuan loans

Japanese markets closed

(10:30 a.m. ET) Bank of Canada’s Market Participants Survey for Q2.

Earnings include: Barrick Mining Corp.; Exchange Income Corp.; Franco-Nevada Corp.; K2 Mining Inc.; MAG Silver Corp.; Orla Mining Ltd.

==

Tuesday August 12

U.K. employment

(8:30 a.m. ET) Canadian building permits for June. Estimate is a month-over-month decline of 5.0 per cent.

(8:30 a.m. ET) U.S. CPI for July. The Street is projecting a gain of 0.2 per cent from June and up 2.7 per cent year-over-year.

(2 p.m. ET) U.S. budget balance for July.

Earnings include: Artemis Gold Inc.; CAE Inc.; Discovery Silver Corp.; Peyto Exploration & Development Corp.; Sienna Senior Living Inc.

==

Wednesday August 13

Japan machine tool orders

Germany CPI

(1:30 a.m. ET) Bank of Canada’s Summary of Deliberations for the July 30 decision.

Earnings include: Birchliff Energy Ltd.; CCL Industries Inc.; Endeavour Silver Corp.; H&R REIT; Hudbay Minerals Inc.; Hydro One Ltd.; Linamar Corp.; Metro Inc.; Northland Power Inc.; Stantec Inc.; TerraVest Industries Inc.; Wesdome Gold Mines Ltd.

==

Thursday August 14

Euro zone GDP and industrial production

(8:30 a.m. ET) U.S. initial jobless claims for week of Aug. 9. Estimate is 229,000, up 3,000 from the previous week.

(8:30 a.m. ET) U.S. PPI Final Demand for July. The Street is projecting a month-over-month gain of 0.2 per cent and a 2.6-per-cent rise year-over-year.

Earnings include: Alibaba ADR; Applied Materials Inc.; Deere & Co.; First Majestic Silver Corp.

==

Friday August 15

China retail sales, industrial production and fixed asset investment

Japan real GDP and industrial production

(8:30 a.m. ET) Canadian manufacturing sales and new orders for June. Estimates are month-over-month increases of 0.4 per cent and 0.5 per cent, respectively.

(8:30 a.m. ET) Canadian wholesale trade for June. Estimate is a gain of 0.7 per cent from May.

(8:30 a.m. ET) Canada’s new motor vehicle sales for June. Estimate is a year-over-year rise of 5.5 per cent.

(8:30 a.m. ET) U.S. retail sales for July. The Street is projecting a rise of 0.5 per cent from June.

(8:30 a.m. ET) U.S. import prices for July. Estimate is flat month-over-month and down 0.3 per cent year-over-year.

(9 a.m. ET) Canada’s existing home sales for July. Estimate is an increase of 10.0 per cent from the same period a year ago with average prices remaining unchanged.

(9 a.m. ET) Canada’s MLS Home Price Index. Estimate is a year-over-year decline of 4.0 per cent.

(9:15 a.m. ET) U.S. industrial production and capacity utilization for July.

(10 a.m. ET) U.S. University of Michigan Consumer Sentiment Index for August (preliminary reading).

(10 a.m. ET) U.S. business inventories for June.

Today Emera Inc. (“Emera”) (TSX/NYSE: EMA) reported financial results for the second quarter and year-to-date 2025.

Highlights

• Emera delivers 49% quarterly adjusted earnings per share ¹ (“EPS”) growth with second quarter adjusted EPS ¹ of $0.79 and reported EPS of $0.45.
• In the first half of 2025, teams across Emera successfully deployed more than $1.7 billion in customer-focused capital and are on track to invest more than $3.4 billion this year.
• Remain committed to our 5% to 7% annual average adjusted EPS ¹ growth guidance through 2027 and 7% to 8% forecasted rate base growth through 2029.

“The second quarter of 2025 marks our fourth consecutive quarter of meaningful earnings increases, which can be attributed in large part to strong growth and favourable weather in Florida,” says Scott Balfour, President and CEO of Emera Inc. “We continue to make essential investments across our operating companies to enhance reliability, storm harden our infrastructure and support economic and customer growth in the communities we serve. The continued need for this type of capital investment remains the fundamental driver of our 7% to 8% rate base growth expectations.”

Q2 2025 Financial Results

Q2 2025 adjusted net income ¹ was $236 million, or $0.79 per common share, compared with $151 million, or $0.53 per common share, in Q2 2024. The increase was primarily due to increased earnings at Tampa Electric (“TEC”), Emera Energy Services (“EES”), and New Mexico Gas Company (“NMGC”); and lower corporate costs. These were partially offset by lower earnings at Nova Scotia Power (“NSPI”) and decreased earnings due to the sale of Emera’s equity interest in the Labrador Island Link (“LIL”) in Q2 2024.

Q2 2025 reported net income was $135 million, or $0.45 per common share, compared with net income of $129 million, or $0.45 per common share, in Q2 2024. Primarily driven by decreased MTM loss, after-tax, and higher earnings at TEC, partially offset by the $107 million gain, after tax and transaction costs, on the sale of Emera’s equity interest in LIL in Q2 2024 and the $72 million in charges after-tax, primarily impairment, related to the pending sale of NMGC recognized in Q2 2025.

https://www.barchart.com/story/news/33993449/emera-reports-2025-second-quarter-financial-results

Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today its financial and operating results for the second quarter of 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250807818553/en/

Check Out: 📢Wall Street’s Quiet Move Could Change Your Wealth Forever—Act Before It’s Full

See Also: 📈146% Engagement. 3.5X ROI. $49M Raised. This AI Marketing Engine Is Now Open for Investment – NASDAQ Ticker $RADI Secured.

Highlights

• Quarterly Results – Reported second quarter earnings of $417 million, adjusted EBITDA of $1,013 million, and adjusted cash flow from operating activities of $698 million ($1.20 per share).
• Adjusted EBITDA Guidance – Pembina has updated its 2025 adjusted EBITDA guidance range to $4.225 billion to $4.425 billion.
• Enhanced Propane Exports – Through a new commercial agreement and a newly sanctioned project, Pembina will have access to 50,000 barrels per day (“bpd”) of highly competitive propane export capacity. Pembina has approved a $145 million optimization of its 20,000 bpd Prince Rupert Terminal (“PRT”) that will expand market access and significantly reduce shipping costs per unit, thereby improving netbacks for Pembina and its customers. In addition, Pembina has entered into a long-term tolling agreement with AltaGas Ltd. (“AltaGas”) for 30,000 bpd of liquified petroleum gases (“LPG”) export capacity at AltaGas’ current Ridley Island Propane Export Terminal (“RIPET”) and future Ridley Island Energy Export Facility (“REEF”).
• PGI Duvernay Acquisition and New Commercial Agreements – Pembina Gas Infrastructure (“PGI”) has acquired the remaining 8.33 percent interest in three gas processing trains and related infrastructure at PGI’s Duvernay Complex from Whitecap Resources Inc. (“Whitecap”) for $55 million ($33 million net to Pembina) and concurrently entered into new and extended long-term take-or-pay agreements at the Duvernay Complex and KA Plant. In addition, PGI has entered into an agreement with a Montney producer to fund and acquire an under-construction battery and additional infrastructure for a capital commitment up to $150 million ($90 million net to Pembina), which will be supported by a new long-term take-or-pay agreement.
• Advancing NGL and Condensate Pipeline Expansions – Pembina continues to advance more than $1 billion of proposed conventional pipeline expansions to reliably and cost-effectively meet rising transportation demands from growing production in the Western Canadian Sedimentary Basin (“WCSB”). These expansions are secured by long-term contracts underpinned by take-or-pay agreements, areas of dedication across the Montney and Duvernay formations, and other long-term agreements that ensure a strong base of committed volumes. Final investment decisions (“FID”) on the Fox Creek-to-Namao Expansion and the Taylor-to-Gordondale Project are now expected by the end of 2025 and the first quarter of 2026, respectively.
• Cedar LNG Project Milestone – Pembina and its partner, the Haisla Nation, recently celebrated the achievement of a major milestone for the project as construction of the floating LNG vessel began with steel cutting on both the top side facilities and the vessel hull.
• RFS IV – Furthering Pembina’s track record of industry-leading project execution, RFS IV is trending under budget with an anticipated cost of $500 million, approximately five percent below the previous cost estimate.
• Capital Guidance – Pembina has revised its outlook for its 2025 capital investment program to $1.3 billion, reflecting continued progression of proposed conventional pipeline expansions to serve growing customer demand, approval of new projects, and acquisitions at PGI.

VANCOUVER, BC , Aug. 7, 2025 /PRNewswire/ – “Wheaton delivered another outstanding quarter, achieving record revenue, adjusted net earnings, and operating cash flow for both the second quarter and the first half of 2025,” said Randy Smallwood , Chief Executive Officer of Wheaton Precious Metals. “We also made significant progress in our near-term growth strategy as Blackwater announced commercial production and Goose successfully delivered its first gold pour during the quarter, a strong indicator that our catalyst-rich year is progressing as planned. We remain committed to disciplined capital deployment, focusing only on the most accretive opportunities that are structured to generate meaningful, long-term value for all stakeholders.”

Record Financial Performance and Strong Balance Sheet

• Second quarter of 2025: A record $503 million in revenue, $292 million in net earnings, a record $286 million in adjusted net earnings, and a record $415 million in operating cash flow.
• Declared a quarterly dividend ¹ of $0.165 per common share and made two quarterly dividend payments totalling $150 million .
• Balance Sheet: Cash balance of $1.0 billion , no debt, and an undrawn $2 billion revolving credit facility as at June 30, 2025 .
  • Undrawn $2 billion revolving credit facility extended by an additional year with the facility now maturing on June 30, 2030 .  

https://www.barchart.com/story/news/33978024/wheaton-precious-metals-announces-record-revenue-and-operating-cash-flow-for-the-second-quarter-of-2025

TORONTO (AP) — TORONTO (AP) — Sun Life Financial Inc. (SLF) on Thursday reported second-quarter net income of $531.2 million.

The Toronto-based company said it had profit of 91 cents per share. Earnings, adjusted for non-recurring costs, were $1.29 per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of $1.29 per share.

The financial services company posted revenue of $6.65 billion in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SLF at https://www.zacks.com/ap/SLF

The Canadian economy lost thousands of jobs in July, sinking the share of people employed in the population to an eight-month low, data showed on Friday, as the labour market gave back substantial gains seen in the prior month.

The unemployment rate, however, remained steady but at a multi-year high level of 6.9 per cent, Statistics Canada said.

https://charts.theglobeandmail.com/pzPAA/3

The economy shed 40,800 jobs in July as against an net addition of 83,000 jobs in June, taking the employment rate, or the percentage of people employed out of the total working age population, to 60.7 per cent, the agency said.

The employment rate was the lowest since the pandemic and the loss of jobs was concentrated amongst permanent employees, Statscan said.

https://charts.theglobeandmail.com/RrDlW/4

Analysts polled by Reuters had forecast that the economy would add 13,500 jobs and the unemployment rate to tick up to 7 per cent.

The bulk of the job losses occurred amongst youth, primarily aged 15 to 24 years, whose unemployment rate edged up to 14.6 per cent in July, the highest rate since September 2010 barring the pandemic years of 2020 and 2021.

The youth unemployment rate usually higher than the country’s average. The employment rate amongst this group sank to 53.6 per cent, lowest since November 1998 if pandemic years are excluded.

Tony Keller: Why the damage to Canada from Trump’s tariffs has been small (so far)

Statscan said that the youth were finding it tough to land a job in the current economic environment.

U.S. President Donald Trump’s sectoral tariffs on steel, aluminum and auto have hit the manufacturing sector hard. It has already rippled across other sectors, hurting hiring intentions of companies, the Bank of Canada has previously said.

But the malaise of tariffs have not spiralled into a total meltdown of the jobs sector and employment else where has held up well, data showed.

Overall, there has been little net employment growth since the beginning of the year, Statscan said, but clarified that the layoff rate was virtually unchanged at 1.1 per cent in July compared with 12 months earlier.

The biggest decline in employment was observed in information, culture and recreation which lost 29,000 jobs, followed by 22,000 fewer jobs in construction and 19,000 jobs lost in business, building and other support services.

Employment rose in transportation and warehousing by over 26,000 or a jump of 2.4 per cent in July.

The average hourly wage of permanent employees – a gauge closely tracked by the Bank of Canada to ascertain inflationary trends – grew by 3.5 per cent in July from 3.2 per cent to $37.66.

VERDUN, Quebec (AP) — VERDUN, Quebec (AP) — BCE Inc. (BCE) on Thursday reported second-quarter earnings of $418.5 million.

On a per-share basis, the Verdun, Quebec-based company said it had net income of 46 cents.

The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The Canada’s largest telecommunications company posted revenue of $4.4 billion in the period, which topped Street forecasts. Five analysts surveyed by Zacks expected $4.32 billion.

BCE shares have risen slightly since the beginning of the year. The stock has declined 34% in the last 12 months.

https://www.barchart.com/story/news/33955031/bce-q2-earnings-snapshot

_____

ORONTO , Aug. 7, 2025 /CNW/ – Canadian Tire Corporation, Limited (TSX: CTC) (TSX: CTC.A) (CTC or the Company) today announced results for its second quarter ended June 28, 2025 .

• Consolidated comparable sales ¹ growth was 5.6%, led by Canadian Tire Retail (CTR) up 6.4%.
• Retail Revenue up 5.3% and up 9.0% excluding Petroleum ¹ .
• Diluted Earnings Per Share (EPS) was $2.04 , including a discontinued operations loss of $1.03 ; Q2 Normalized Diluted Earnings Per Share ¹ from Continuing Operations was $3.57 .

“In Q2, Canadians came to us for the great seasonal products and value they were seeking, driving strong sales and revenue growth. In a dynamic consumer environment, customers continued to turn to us for the items they need for life in Canada ,” said Greg Hicks , President and CEO, Canadian Tire Corporation.

“Our True North strategy is underway and moving at pace. Since March, we have rolled out new store concepts, invested in transformative technology, expanded Triangle Rewards loyalty partnerships, and secured the considerable privilege of stewarding HBC’s great Canadian brands forward. Our team is committed to our Canadian prosperity, and I celebrate their efforts.” 

SECOND-QUARTER HIGHLIGHTS

• Consolidated comparable sales were up 5.6%, with growth in all banners and provinces led by CTR in Western Canada .
  • CTR comparable sales ¹  were up 6.4% in the Company’s most discretionary quarter, with strong growth across CTR’s four largest divisions. Being ready for spring/summer drove growth of more than 8% in Seasonal and Gardening. Automotive grew for the 20th consecutive quarter.
  • SportChek delivered its fourth consecutive quarter of comparable sales ¹  growth, up 3.9%, driven by sales of footwear and hardgoods categories, such as golf.
  • Mark’s comparable sales ¹ were up 1.0%. Industrial footwear and workwear categories grew, partially offset by softer casualwear and outerwear sales.
• Loyalty sales outpaced non-loyalty sales growth in the quarter; both saw strong growth as Canadians made more trips to CTC banners.
• Retail Revenue was up 5.3% or 9.0% excluding Petroleum, as the business responded to sales growth.
• Diluted EPS was $2.04 , down $1.52 mainly due to the $1.03 loss on discontinued operations for results up to the May 31 ^st completion of the Helly Hansen sale and expenses related to the Company’s True North transformation.
• Normalized for the True North expenses, Diluted EPS (Continuing Operations) was $3.57 , down $0.15 . Normalized IBT ¹ was down $10.9 million to $296.0 million . Growth in normalized retail IBT of $17.6 million was more than offset by lower income from other segments, including lower Financial Services IBT due to investments in the business.
• Retail Return on Invested Capital (ROIC), ¹ calculated on a trailing twelve-month basis, was 10.3%, compared to 9.0% at the end of Q2 2024. This was driven by increased earnings and lower invested capital.

https://www.barchart.com/story/news/33953883/canadian-tire-corporation-reports-strong-second-quarter-2025-results

• Strong free cash flow generation
• Robust margin expansion with an 80 basis points increase in adjusted EBITDA margin
• Enhanced financial outlook with adjusted EBITDA now expected to reach the higher end of the range

MONTREAL, Aug. 06, 2025 (GLOBE NEWSWIRE) — WSP Global Inc. (TSX: WSP) (“WSP” or the “Corporation”), one of the world’s leading professional services firms, today announced financial results for the second quarter and six-month period ended June 28, 2025.

WSP delivered strong performance in Q2 2025 including an 80 basis points increase in adjusted EBITDA margin⁽²⁾, when compared to Q2 2024. Free cash inflow increased significantly over the prior year while days sales outstanding (“DSO”) reached a historical best for a second quarter of any of the Corporation’s fiscal years. The 2025 financial outlook for adjusted EBITDA is now expected to reach the higher end of the range.

https://www.barchart.com/story/news/33938520/wsp-reports-q2-2025-results