HEADLINES

Docebo Shares Rally With Earnings Guidance, Plans $70 Million Share Buyback

Docebo's shares rallied after the company said it plans to buy back up to $70 million of its shares as it looks to log strong earnings growth.

The shares settled 10% higher at C$28.56 in Toronto.

The artificial intelligence-focused workplace training platform provider said its board approved a substantial issuer bid under which the company will repurchase for cancellation shares at a price of $20.40 apiece.

The company said it plans to fund the offer through a combination of about $10 million of cash on hand and $60 million draw down on a credit facility that was recently increased to $150 million.

Saab Lines Up CAE for Pilot Training if Canada Opts to Order Gripen Jet Fighters

CAE has positioned itself to provide training in Canada for pilots of Saab's Gripen jet fighters, which the Swedish company is pitching to Ottawa as an alternative to Lockheed Martin's F-35s.

The companies said they have signed a memorandum of understanding to deliver advanced fighter-pilot training and systems engineering, and to support Canada's capabilities, if the federal government chooses to add the Gripen E to the Royal Canadian Air Force's fleet.

Saab said CAE under the proposed arrangement would play a central role in establishing and operating a Canadian-based training ecosystem for Gripen pilots and technicians. The role of the Canadian company would also include development of Canadian-specific simulator capabilities and the delivery of live aircraft and technical training by Canadian personnel.

Economy Sees First Outflow of Funds in Months as Foreigners Sell Canadian Shares

The largest divestment of Canadian shares by foreign investors in more than a year tempered broader buying of securities and helped drive the first outflow of funds from Canada's economy since February.

International transactions generated a net outflow of C$14.37 billion in funds in May, Statistics Canada said. Foreign investment in Canadian securities overall was modest for the month, while Canadian investors added foreign securities to their portfolios after divesting a month earlier.

Nonresident investors purchased a net C$7.9 billion in Canadian securities during the month, a fifth consecutive monthly investment, but down from a sizable C$46.92 billion in April, the data agency said.

May's buying means a total of a total of C$111.93 billion of Canadian securities has been picked up by foreign investors since January, compared with a C$23.63 billion selldown in the same period last year.

Aecon-Led Consortium Gets Winnipeg Sewage Treatment Plant Upgrade Contract

An Aecon-led consortium has landed a C$815 million contract for work on the largest and oldest wastewater-treatment facility in Winnipeg, Manitoba.

The Canadian construction company said that the Red River Biosolids Partners consortium was handed the contract by the city of Winnipeg for the North End Water Pollution Control Centre sewage treatment plant upgrade and the biosolids facilities design and build project.

The consortium, which includes the Canadian arm of Southland Holdings and MWH Constructors Canada has completed the development phase, during which they pushed ahead with design and cost work for the project. Stantec is providing design services.

Dollarama Recalls Heavenly Spices Brand Garlic Powder Due to Bacillus Cereus

Canadian retailer Dollarama recalled Heavenly Spices brand garlic powder due to the risk of bacillus cereus, a type of bacteria that can cause food poisoning.

The recalled 70-gram product, distributed nationally and online, has UPC number 6 67888 50634 7.

The recall is categorized as Class 2. The Canadian Food Inspection Agency defines Class 2 recalls as those with a moderate risk that consuming the food may lead to short-term or non-life threatening health problems.

TALKING POINT

In a Struggling Economy, Canada's Aerospace Industry is Flying High

By Nicolas Van Praet of the Globe and Mail

When Airbus announced its latest order for the Canadian-built A220 jet at a news conference in Mirabel, Que., this past May -- a fun-loving affair attended by a beaming Prime Minister Mark Carney and cheerful employees carrying heart-shaped signs -- the list of superlatives ran long.

VIPs queued up to speak in an aircraft hangar bathed in blue light and proclaimed it the single biggest order to date for the airliner: A sale of 150 jets to low-cost carrier AirAsia worth US$19-billion at list prices.

It was also the biggest order in history for a Canadian-made commercial airplane, eclipsing Bombardie's regional jet sales over the years, as well as all other deals.

Airbus executives called it a clear win that would anchor thousands of high-skilled jobs. Political leaders said it was proof the world's appetite for goods manufactured in Canada remains strong at a time of international trade strife and global unrest.

And for the first time anyone could remember, the Prime Minister of Canada was involved in cementing the sale. Mr. Carney met personally with AirAsia chief executive Tony Fernandes to press the case for the Quebec jet, doing the kind of promotion that government leaders in the U.S. and France routinely take on but Canadians have generally shied away from.

The merriment in Mirabel, when all was said and done, was maybe the most visible symbol yet of a new era for Canadian aerospace manufacturing and maintenance.

The plunge in global air travel during the COVID-19 crisis that forced planes to the ground, paralyzed production and sent lenders into a tizzy seems now to be a distant memory. In its place is a rebound in demand that shows no sign of slowing.

Executives at Airbus, Bombardier and other players are now dealing with record backlogs for their civil aircraft and positioning themselves for a wave of defence spending that could deliver sizeable increases in revenue and profit.

If their goods remain tariff-free, if they can work through lingering supply chain and labour problems, and if Ottawa can back the industry with a more formal strategy beyond what's already been announced, business leaders say it could truly be a multi-year boom.

"I think it's a golden moment," Bombardier chief executive Éric Martel said in an interview. "I was concerned when the geopolitical issues started, with first Ukraine and Russia and then now with Iran. But you know what? I haven't seen things slow down."

Everywhere, there is evidence of growth.

Airbus has doubled its workforce in Canada since 2016 and now employs more than 5,300 people in the country, its largest presence outside of Europe. Bombardier and de Havilland just broke ground on new manufacturing facilities in Montreal and Calgary respectively to bolster output. And parts suppliers such as Héroux-Devtek and Groupe Meloche are in full-on acquisition mode as they try to bulk up their capabilities.

"I believe we're in a very positive dynamic, one capable of propelling Canada and its aerospace sector toward major momentum for an entire generation," said Catherine Guillemart, vice-president of public affairs for Airbus Canada.

Expected Major Events for Monday

06:00/GER: Jun PPI

08:30/UK: S&P Global UK Consumer Sentiment Index

10:00/UK: Jun Aluminium Production report

12:30/CAN: Jun CPI

14:00/US: Jun Leading Indicators

All times in GMT. Powered by Onclusive and Dow Jones.

Expected Earnings for Monday

AGNC Investment Corp $(AGNC)$ is expected to report $0.54 for 2Q.

AMC Entertainment Holdings Inc $(AMC)$ is expected to report $-0.02 for 2Q.

AmeriServ Financial Inc $(ASRV)$ is expected to report for 2Q.

BOK Financial Corp $(BOKF)$ is expected to report $2.68 for 2Q.

Bar Harbor Bankshares (BHB) is expected to report $0.90 for 2Q.

CB Financial Services Inc $(CBFV)$ is expected to report $0.70 for 2Q.

CNB Financial Corp (Pennsylvania) $(CCNE)$ is expected to report $0.85 for 2Q.

Calix Inc $(CALX)$ is expected to report $0.16 for 2Q.

Commercial National Financial Corp (Pennsylvania) (CNAF) is expected to report for 2Q.

Crown Holdings Inc $(CCK)$ is expected to report $1.98 for 2Q.

Domino's Pizza Inc $(DPZ)$ is expected to report $4.12 for 2Q.

Dynex Capital Inc $(DX)$ is expected to report $0.33 for 2Q.

FS Bancorp Inc (FSBW) is expected to report $1.05 for 2Q.

FVCBankcorp Inc $(FVCB)$ is expected to report $0.36 for 2Q.

First Community Bankshares Inc $(FCBC)$ is expected to report $0.94 for 2Q.

First United Corp $(FUNC)$ is expected to report $1.05 for 2Q.

Franklin Financial Services Corp $(FRAF)$ is expected to report $1.44 for 2Q.

Home Bancorp Inc (HBCP) is expected to report $1.46 for 2Q.

Jewett-Cameron Trading Co Ltd (JCT-T,JCTC) is expected to report for 3Q.

Lyra Therapeutics Inc $(LYRA)$ is expected to report for 1Q.

MainStreet Bancshares Inc $(MNSB)$ is expected to report $0.53 for 2Q.

Monarch Casino & Resort Inc $(MCRI)$ is expected to report $1.67 for 2Q.

Park Aerospace Corp (PKE) is expected to report $0.14 for 1Q.

Peoples Bancorp of North Carolina Inc $(PEBK)$ is expected to report for 2Q.

RBB Bancorp (RBB) is expected to report $0.53 for 2Q.

ServisFirst Bancshares Inc (SFBS) is expected to report $1.57 for 2Q.

SmartFinancial Inc $(SMBK)$ is expected to report $0.90 for 2Q.

Steel Dynamics Inc (STLD) is expected to report $3.55 for 2Q.

SunPower Inc $(SPWR)$ is expected to report $-0.16 for 2Q.

Timberland Bancorp Inc (TSBK) is expected to report for 3Q.

WR Berkley Corp $(WRB)$ is expected to report $1.14 for 2Q.

Washington Trust Bancorp Inc $(WASH)$ is expected to report $0.77 for 2Q.

Waterstone Financial Inc $(WSBF)$ is expected to report $0.32 for 2Q.

Western Energy Services Corp (WRG.T) is expected to report for 2Q.

Wintrust Financial Corp $(WTFC)$ is expected to report $3.15 for 2Q.

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July 17, 2026 16:30 ET (20:30 GMT)

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