Business News

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

Stocks in Toronto somehow kept their heads above water, as Friday’s closing bell sounded, as momentum in energy kept the negatives affecting utilities at bay.

The S&P/TSX Composite gained 67.22 points Friday to close the week at 18,460.21, a jump of 324 points, or 1.8%, on the last five sessions.

The Canadian dollar eked lower by 0.01 cents to 78.73 cents U.S.

Energy roared through the day, with Vermilion Energy charging ahead 35 cents, or 5.4%, to $6.82, while Prairie Sky Royalties added 84 cents, or 7.3%, to $12.31.

Industrials were next, with Air Canada taking off the sky, gaining $1.10, or 5.2%, to $22.30, while Mullen Group was 31 cents more solid, or 3.1%, to $10.34.

In consumer staples, Jamieson Wellness grabbed 47 cents, or 1.3%, to $35.94, while Alimentation Couche-Tard improved 49 cents, or 1.3%, to $39.73.

Utilities, however, let the side down somewhat, as Transalta Renewables slid … Read the rest