Category: Uncategorized

  • iA Financial Group Reports Second Quarter Results

    For the second quarter ended June 30, 2026, iA Financial Group (TSX: IAG) recorded core earnings  of $330 million and core diluted earnings per common share (EPS) †† of $3.68, which is 5% higher than the same period in 2025, when insurance experience was very favourable. Core return on common shareholders’ equity (ROE) †† for the trailing 12 months was 17.5%, in line with the 2026 target of 17%+. 1 Second quarter net income attributed to common shareholders was $384 million, diluted EPS was $4.28 and ROE for the trailing 12 months was 15.1%. The solvency ratio was 137% as at June 30, 2026, highlighting a robust capital position.

    “Our diversified business model continued to demonstrate its strength in the second quarter, as broad-based performance across our businesses, led by Wealth Management, generated solid earnings and robust capital generation,” commented Denis Ricard, President and CEO of iA Financial Group. “The 25% increase in premiums and deposits and the 37% growth in assets 5 over the past year reflect the strength of our distribution capabilities, our ability to attract and support high-quality advisors, and the continued execution of our growth strategy.”

    ‘’Wealth Management generated significant earnings growth in the second quarter, reflecting strong organic momentum, favourable markets and the contribution from RF Capital. This strong momentum continues to drive robust growth across our business units, supported by our leading distribution platform and sustained demand for segregated fund solutions,” added Éric Jobin, Executive Vice-President, CFO and Chief Actuary. “Strong earnings, combined with a solid capital position and $1.1 billion in capital available for deployment, gives us continued flexibility to allocate capital in a disciplined manner and create long-term value for shareholders.”

    iA Financial Corp Inc is an insurance and wealth management group based in Canada. It offers various life and health insurance products, savings and retirement plans, mutual funds, securities, loans, auto and home insurance, creditor insurance, replacement insurance, replacement warranties, extended warranties, and other ancillary products for dealer services and other financial products and services. The company’s products and services are offered on both an individual and group basis and extend throughout Canada and the United States. Its operating segments are: Insurance, Canada; Wealth Management; U.S. Operations; Investment; and Corporate. Maximum revenue is generated from the Insurance, Canada segment.

  • RB Global Reports Second Quarter 2026 Results

    Second Quarter Financial Highlights 1,2,3 :

    • Total gross transaction value (“GTV”) increased 11% year over year to $4.7 billion.
    • Total revenue increased 11% year over year to $1.3 billion.
      • Service revenue increased 5% year over year to $933.4 million.
      • Inventory sales revenue increased 28% year over year to $383.7 million.
    • Net income increased 31% year over year to $143.6 million.
    • Net income available to common stockholders increased 33% year over year to $132.0 million.
    • Diluted earnings per share available to common stockholders increased 34% to $0.71 per share.
    • Diluted adjusted earnings per share available to common stockholders increased 6% year over year to $1.13 per share.
    • Adjusted earnings before interest, taxes, depreciation and amortization (“EBITDA”) increased 6% year over year to $387.2 million.
    • During the second quarter, the Company repurchased and retired approximately 1.5 million common shares for total proceeds of $150.0 million.
    • On July 21, 2026, the Company increased its quarterly cash dividend from $0.31 to $0.33 per common share.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20260804030984/en/

  • Manulife: Q2 Earnings Snapshot

    Manulife Financial Corp. (MFC) on Wednesday reported net income of $1.52 billion in its second quarter.

    On a per-share basis, the Toronto-based company said it had net income of 87 cents. Earnings, adjusted for non-recurring gains, came to 79 cents per share.

    The financial services company posted revenue of $14.49 billion in the period. Its adjusted revenue was $7.83 billion.

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

  • Nutrien: Q2 Earnings Snapshot

    SASKATOON, Saskatchewan (AP) — SASKATOON, Saskatchewan (AP) — Nutrien Ltd. (NTR) on Wednesday reported second-quarter earnings of $1.21 billion.

    The Saskatoon, Saskatchewan-based company said it had profit of $2.53 per share. Earnings, adjusted for one-time gains and costs, were $2.61 per share.

    The results missed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.70 per share.

    The producer of potash and other fertilizers posted revenue of $10.81 billion in the period, surpassing Street forecasts. Five analysts surveyed by Zacks expected $10.67 billion.

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

  • Thomson Reuters reports higher Q2 profit, raises 2026 outlook

    Thomson Reuters Corp. reported a second-quarter profit of US$448 million, up from US$313 million a year earlier, as it raised its full-year outlook.

    The company, which keeps its books in U.S. dollars, says the profit amounted to US$1.02 per diluted share for the quarter ended June 30.

    The result was up from 69 cents US in the second quarter of 2025.

    On an adjusted basis, Thomson Reuters reported a profit of 99 cents US per share for the quarter, up from an adjusted profit of 87 cents US per share in the same quarter last year.

    Revenue for the quarter rose nine per cent, totalling US$1.95 billion, up from US$1.79 billion.

    The company estimates its full-year outlook for total and organic revenue growth to be about eight per cent, up from its previous 7.5 to eight per cent range. 

    This report by The Canadian Press was first published Aug. 5, 2026.

  • Kinaxis Inc. Reports Second Quarter 2026 Financial Results

    Second Quarter 2026 Financial Highlights:

    • Total revenue increased 16% year-over-year to $158.8 million. Total revenue included a negative impact of approximately $0.9 million from foreign currency exchange rates (FX).
    • SaaS revenue increased 20% year-over-year to $106.5 million. SaaS revenue included a negative impact of approximately $0.6 million from FX.
    • ARR 2 increased 19% year-over-year to $465.6 million. ARR 2 grew 21% year-over-year on a constant currency basis, excluding a negative impact of approximately $1.0 million from FX.
    • Remaining performance obligations increased 18% year-over-year to $983.5 million.
    • Profit of $21.2 million.
    • Adjusted EBITDA 1 of $41.4 million, an increase of 23% year-over-year. Adjusted EBITDA margin 1 of 26%, a 130 basis points improvement year-over-year.
    • Operating cash flow of $30.7 million.

    Fiscal 2026 Financial Outlook:

    Based on information available as of August 5, 2026, financial guidance for fiscal 2026 is as follows:

    • Raising total revenue from $620.0 million to $635.0 million to a range of $625.0 million to $640.0 million.
    • Raising SaaS revenue growth from 17% to 19% year-over-year to a range of 18% to 20% year-over-year.
    • Reaffirming Adjusted EBITDA 1 margin is expected to be in the range of 25% to 26%.

    In addition to the above guidance, the Company is also providing fiscal 2026 FX estimates for modeling purposes. We expect FX to have a negative impact on total revenue by approximately $4.0 million to $4.5 million. We expect FX to have a negative impact on SaaS revenue by approximately $2.5 million to $3.0 million.

    In addition to the above guidance, the Company is also providing fiscal 2026 weighted-average number of basic and diluted share estimates for modeling purposes. We expect basic weighted-average shares outstanding to be approximately 27.3 million shares and diluted weighted-average shares outstanding to be approximately 27.7 million shares. These share count forecasts do not include the impact of any share repurchases the Company may pursue in the future.

    Guidance in this press release is provided to enhance visibility into Kinaxis’ expectations for financial targets for the periods indicated. Please refer to the section regarding forward-looking statements that forms an integral part of this release. This press release along with the financial statements and MD&A for the quarter ended June 30, 2026, are available on Kinaxis’ website and on SEDAR+ at www.sedarplus.ca .

  • Canadian Natural raises production outlook, beats profit estimates on higher crude prices

    Canadian Natural Resources CNQ-N +1.01%increase on Thursday raised its full-year production forecast for the second time this year and beat analysts’ estimates for second-quarter profit, as record production and stronger crude prices boosted earnings.

    Canada’s oil sands producers are benefiting from higher oil prices driven by supply concerns following months of conflict in the Middle East, while years of investment in low-cost operations continue to lift cash flow. Strong demand for synthetic crude and tighter crude supplies have helped widen price premiums, with rivals Cenovus Energy CVE-T +1.67%increase and Imperial OilIMO-T +0.50%increase more than doubling their second-quarter profits.

    Canadian Natural’s realized price for exploration and production liquids during the quarter jumped 51 per cent from a year earlier to $105.11 per barrel, while realized synthetic crude oil prices rose 44 per cent to $125.78 per barrel.

    Oil sands MOU hasn’t changed Suncor’s spending plans, CEO says

    The company said synthetic crude traded at an average premium of US$8.37 per barrel to U.S. benchmark West Texas Intermediate crude during the period, up from US$0.98 a year earlier, as stronger refinery demand, Middle East supply disruptions and weather-related production impacts in Western Canada tightened crude markets.

    Canadian Natural now expects 2026 production to average between 1.637 million and 1.682 million barrels of oil equivalent per day (boepd), up from its previous forecast of 1.615 million to 1.665 million boepd.

    The company said it was benefiting from conventional drilling results and assets acquired during the second quarter.

    The Calgary-based company posted an adjusted profit of $2.19 per share for the three months ended June 30, compared with analysts’ average estimate of $1.90 per share, according to data compiled by LSEG.

    The country’s largest oil and gas producer said its quarterly output grew to 1.68 million boepd, from 1.42 million boepd a year earlier.

  • QSR.TO: Restaurant Brands reports higher sales and profit, driven by Burger King’s U.S. stores

    Fast-food giant Restaurant Brands International Inc. QSR-T reported growth in sales and profits in its second quarter, driven by strong performance at its Burger King stores in the U.S. – even as Canadian sales growth slowed considerably at Tim Hortons.

    Burger King is four years into a turnaround plan that has involved hundreds of millions in investment by the company and its franchisees to remodel restaurants, improve the menu and advertise more aggressively to change perceptions of the brand. In recent months, it revamped its signature Whopper burger.

    The chain’s comparable sales jumped by 8.6 per cent in the quarter ended June 30, compared to the same period a year ago. Comparable sales is an important metric that tracks sales growth excluding the impact of new restaurant openings.

    “The Burger King team and our franchisees have accomplished a tremendous amount, but they’d be the first to tell you we aren’t close to finished,” Restaurant Brands executive chair Patrick Doyle said during a conference call on Thursday to discuss the results, noting that many more restaurant locations still need to be updated. “There are still things that we know can be better on our menu,” he added.

    Burger King was the only one of Restaurant Brands’ chains to report significant sales growth in the quarter. Overall, the Toronto-based company reported comparable sales growth of 3.8 per cent, as sales were flat at Tim Hortons and Firehouse Subs, and declined by 5.1 per cent at Popeyes.

    The 0.1-per-cent comparable sales growth at Tim Hortons in Canada represented a significant slowdown compared to the same time last year, when sales grew by 3.6 per cent.

    Tim Hortons is a major contributor to the company’s earnings, representing roughly 40 per cent of its operating profits.

    “While we maintained our leadership positions in coffee, breakfast, and baked goods, our calendar didn’t drive the growth we’ve come to expect from Tims, and was unable to lap last year’s major platform launches,” chief executive officer Josh Kobza said on the call.

    Total revenues for the chain increased, but these were largely tied to higher commodity prices, which pushed up the supply-chain sales the company receives from providing coffee, food and other supplies to its franchisees.

    While the recently-relaunched cheese melt and bacon melt sandwiches are selling well, other launches did not perform to expectations, Mr. Kobza said. He did not specify which products underperformed, but a major marketing focus for Tims earlier in the quarter was a series of new “Tastes of the Globe” Timbit flavours, timed to the FIFA World Cup, which included lime cheesecake (for Brazil,) crème brûlée (France) and cappuccino (Italy).

    However, Mr. Kobza added that he’s optimistic about more recent beverage launches that are driving sales in the current quarter. For example, the chain’s lineup of matcha drinks are a common order in the afternoon – a time of day that is a focus for Tim Hortons to increase its traffic. And the chain has also introduced “Soda Swirls,” a version of the trendy “dirty soda” beverages that add flavoured syrups and creamy foam (for the palate that deems Coca-Cola not sweet enough.)

    Restaurant Brands is making progress with rolling out fountain machines to Tims locations that enable these types of beverage launches, Mr. Kobza said.

    The fast-food industry has been leaning heavily on novel menu additions to attract inflation-weary customers who have been cutting back on restaurant spending.

    Industry players have also been advertising more promotions and value meal deals to cater to price-sensitive customers.

    Not all of those efforts have been successful: competitor McDonald’s Corp. MCD-N this week reported sales growth in its second quarter that missed analysts’ expectations. McDonald’s has been offering more value deals in the U.S. and dropped the price of its value menu in Canada earlier this year.

    Restaurant Brands reported its second-quarter revenue grew to US$2.5-billion, up 4.6 per cent compared to the same period a year ago.

    Net income attributable to common shareholders more than doubled, to US$507-million or $1.46 per share, compared to $189-million or 58 cents per share in the same quarter last year. However, this year’s earnings included a swing to profit from other operating activities (such as non-recurring projects) compared to a loss related to those activities last year. Excluding that change and other factors, adjusted net income grew to $490-million or $1.07 per share on a diluted basis, compared to $432-million or 94 cents per diluted share in the same period last year.

  • BCE reports second-quarter profit drop, revenue bump

    BCE Inc. BCE-T reported its second-quarter profit fell compared with a year ago as its revenue rose.

    The company says its profit attributable to common shareholders totalled $558-million or 60 cents per diluted share for the quarter ended June 30.

    The result compared with a profit of $579-million or 63 cents per diluted share for the second quarter of 2025.

    Operating revenue totalled $6.17-billion, up from $6.08-billion a year earlier. The increase came as service revenue totalled $5.5-billion, up 4.3 per cent from a year ago, partly offset by a 16.3-per-cent decline in product revenue to $685-million.

    On an adjusted basis, BCE says it earned 65 cents per share in its latest quarter, up from an adjusted profit of 63 cents per share in the same quarter last year.

    The company said business markets revenue – comprising income from both telecom and AI services – was $1.08-billion in the quarter, down 8.5 per cent from $1.18-billion a year ago.

    On the telecom side, BCE had a net gain of 41,594 postpaid mobile phone subscribers in its second quarter, down from 44,547 net activations during the same period a year earlier. It said the year-over-year decrease reflected a less active market due to reduced promotions as well as limited population growth in Canada.

    The company said customer churn – a measure of subscribers who cancelled their service – was 1.02 per cent, an improvement from 1.06 per cent a year ago and Bell’s lowest quarterly level in three years. 

    BCE’s mobile phone average revenue per user was $56.30, down 2.3 per cent from $57.61 a year ago. It said that decrease was due to the non-recurrence of revenues generated last year from the G7 Leaders’ Summit, as well as lower connection fees related to the CRTC’s new rules prohibiting certain customer fees.

    The regulator’s prohibition on activation, cancellation and modification fees came into effect June 12. However, the new regulations have been met with resistance from Bell, along with Rogers and Telus, which have each introduced fees that the CRTC says could violate the new ban.

    The regulator launched a review in late June and said that if it determines the companies have violated the rules, they could face monetary penalties of up to $10-million.