High Liner Foods Incorporated (T.HLF) hit a new 52-week high of $12.60 on Wednesday. High Liner reported financial results for the fifty-three weeks ended January 2, 2021. Gross profit as a percentage of sales increased to 21.9% compared to 20.1% and gross profit decreased by $1.0 million, or 2.2%, to $43.5 million compared to $44.5 million. Adjusted EBITDA as a percentage of sales increased to 10.7% compared to 8.5% and Adjusted EBITDA increased by $2.4 million, or 12.8%, to $21.2 million compared to $18.8 million. Net income increased by $10.4 million, or 346.7%, to $7.4 million compared to a net loss of $3.0 million and diluted earnings per share increased to $0.21 compared to a loss per share of $0.09.

Bam Bam Resources Corp (C.BBR) hit a new 52-week high of 67 cents on Wednesday. Bam Bam announced that assay results have been received for 399 soil samples collected from … Read the rest

Bank of Montreal (T.BMO) hit a new 52-week high of $104.19 on Tuesday. BMO revealed first-quarter financial figures Tuesday, Net income of $2,017 million, an increase of 27%; adjusted net income was $2,038 million, an increase of 26%. Reported EPS of $3.03, an increase of 28%; adjusted EPS of $3.06, an increase of 27%.

Bank of Nova Scotia (T.BNS) hit a new 52-week high of $74.23 on Tuesday. Scotiabank reported first quarter net income of $2,398 million compared to $2,326 million in the same period last year. Diluted earnings per share (EPS) were $1.86, up 1% from $1.84 in the previous year. Return on equity was 14.2%, unchanged from the previous year.

AGF Management Limited (T.AGF.B) hit a new 52-week high of $6.90 on Tuesday. No news stories available today.

Ackroo Inc. (V.AKR) hit a new 52-week high of 28.5 cents on Tuesday. No news stories available today.

Anaconda Mining … Read the rest

U.S. stocks fell on Monday as a continuous rise in bond yields dented the appetite for risk assets, particularly growth technology stocks.

The Dow Jones Industrials did make headway, however, grabbing 19.32 points to 31,513.69.

The S&P 500 dropped 20.84 points to 3,885.87,

The NASDAQ Composite retreated 226.19 points, or 1.6%, to 13,648.27.

Tesla shares lost 3% following a 4% decline last week. Big Tech stocks came under pressure as Apple, Amazon, Microsoft, Netflix and Alphabet all traded at least 1% lower.

All eyes will be on Federal Reserve Chairman Jerome Powell, who delivers his semi-annual testimony on the economy before the Senate Banking Committee on Tuesday. His comments on rates and inflation could determine the market direction for the week.

On Monday, European Central Bank President Christine Lagarde said in a speech that the central bank is “closely monitoring the evolution of long-term nominal bond yields.” European sovereign bonds … Read the rest

Stocks came under pressure Friday afternoon, reversing early gains.

The Dow Jones Industrials eked higher 0.98 points to 31,494.32, for a gain on the week of nearly 36 points. The blue-chip index had jumped more than 150 points earlier in the session.

The S&P 500 demurred 7.26 points to 3,906.71, for a loss on the week of 28 points.

The NASDAQ Composite added 9.11 points to 13,874.46, for a tumble on a short week of 221 points, or 1.6%.

Though the major indexes traded higher for most of the morning, a combination of rising interest rates and profit taking in some of the market’s largest technology companies appeared to dampen optimism after noon.

Cyclical stocks posted some of the strongest gains with the industrials up 1.8%, materials and financials sectors each ahead 1.6%. Utilities and consumer staples stocks were among the biggest laggards.

Applied Materials, which makes the equipment used … Read the rest

Monday

U.S.

Economic Lookahead

Leading Economic Indicators (Jan.)

Featured Earnings

Palo Alto Networks (NYSE: PANW) (Q2) EPS projected for a loss of 32 cents, compared to a loss of 43 cents in the prior-year quarter.

Nordson Corporation (NASDAQ: NDSN) (Q1) EPS projected to be $1.06, compared to 89 cents in the prior-year quarter.

Healthcare Trust of America, Inc. (NYSE:HTA) (Q4) EPS projected to be 43 cents, compared to 42 cents in the prior-year quarter.

Korn Ferry (NYSE:KFY) (Q3) EPS projected to be 47 cents, compared to 75 cents in the prior-year quarter.

Canada

Featured Earnings

Equitable Group Inc. (T.EQB) (Q4) EPS projected to be $3.63, compared to $4.13 in the prior-year quarter.

GFL Environmental Inc. (T.GFL) (Q4) EPS projected to be 50 cents, compared to 13 cents in the prior-year quarter.

Lucara Diamond Corp. (T.LUC) (Q4) EPS projected for a gain of one cent, compared to a loss of two … Read the rest

Stocks rose on Friday after Treasury Secretary Janet Yellen said a large COVID-19 relief package is needed for a full recovery in the U.S.

The Dow Jones Industrials gained 82.26 points to 31,575.60,

The S&P 500 nicked 1.88 points higher to 3,915.72.

The NASDAQ Composite acquired 55.11 points to 13,920.47. Facebook, Amazon, Netflix, and Microsoft all fell.

Apple, up 0.3% on Friday, is down 3.9% on the week.

Friday’s gains weren’t enough to scrub the S&P 500’s losses for the week: The index was down 0.3% for the period as of the latest reading. The Dow Jones has fared better with a gain of 0.5%. The NASDAQ is down 1% since last Friday’s close.

Cyclical stocks posted some of the strongest gains with the industrials up 1.6%, materials, improving 1.4%, and financials sectors ahead 1%. Utilities and consumer staples stocks were among the biggest laggards.

Applied Materials, which makes the … Read the rest

Canada’s main stock index fell on Thursday as a jump in monthly jobless claims raised concerns over the country’s economic recovery, while delays in rollouts of coronavirus vaccines also hit sentiment.

The S&P/TSX Composite slid 80.36 points by noon Thursday to 18,294.42.

The Canadian dollar inched down 0.02 cents to 78.72 cents U.S.

The largest percentage gainers on the TSX were Crescent Point Energy, which jumped 56 cents, or 13.3%, to $4.74, and Aphria, which rose 4.8%.

Canfor regained 55 cents, or 2.1%, to $26.59, while Ballard Power, down $1.87, or 4.6%, to $38.78.

On the economic front, Statistics Canada said its new housing price index rose at its fastest pace since October, increasing 0.7% nationally in January.

Canada’s COVID-19 vaccination campaign started on the same day in December as the United States, but it now lags dozens of countries, including its southern neighbor, and Prime Minister Justin Trudeau is … Read the rest

American Manganese Inc. (T.AMY) hit a new 52-week high of $2.58 on Wednesday. American Manganese has granted 5,950,000 incentive stock options to certain of its directors, officers and consultants. The options are exercisable at a price of $2.63 per share for a five-year term. Any shares issued on the exercise of these stock options will be subject to a four- month holding period from the date of the grant. The stock option grants are subject to acceptance by the TSX Venture Exchange.

A2Z Smart Technologies Corp. (V.AZ) hit a new 52-week high of $4.33 on Wednesday. A2Z Smart announced the appointment of Mr. Rafael Yam as Chief Executive Officer of its subsidiary Cust2Mate Ltd. Yam was head of NCR Israel BU, a role he has excelled in from 2015 until present. Previously, Yam served as the executive account manager of the Nordics and Baltics region for NCR.

Blue Sky Uranium … Read the rest

Canada’s main stock index scaled an all-time high on Tuesday as energy stocks rallied on higher oil prices, while hopes of fresh U.S. economic stimulus also aided sentiment.

The S&P/TSX Composite came off its highs of the morning, but remained buoyant 46.12 points Tuesday to reach noon hour EST at 18,506.33.

The Canadian dollar slid 0.40 cents to 78.74 cents U.S.

The largest percentage gainers on the TSX were Aphria, which jumped $3.99, or 18.5%, to $25.54, and Cronos Group, which rose 79 cents, or 5.1%, to $16.35.

New Gold fell six cents, or 2.7%, to $2.19, while OceanaGold recovered from losses in the rmoning, taking on half a cent to $2.24.

Statistics Canada reported Tuesday Canadian investors acquired an unprecedented $26.9 billion of foreign securities in December, largely purchases of U.S. shares.

Meanwhile, non-residents added $5.1 billion of Canadian securities to their holdings, the lowest investment in three months. … Read the rest

Quebec-based aerospace company Bombardier (TSX: BBD.B) has announced that it is cutting 1,600 jobs and will stop making Learjets, a business airplane that has been around for nearly 60 years.

Bombardier announced the moves while posting quarterly financial results that showed the company lost $337 million U.S. in the last three months of 2020. The latest job cuts will bring Bombardier’s total workforce down to about 13,000 people worldwide.

About 700 of the job cuts are planned in Quebec and 100 in Ontario. A further 250 jobs will be eliminated in Wichita, Kansas, where the company’s Learjet is built. The rest of the job losses will be scattered across the U.S. and Canada.

Unifor, which represents 2,500 workers at a Bombardier facility in Montreal, is calling on the federal government to do more to help the aerospace industry survive the pandemic. However, most of Bombardier’s problems predate COVID-19.

Bombardier today … Read the rest