HEADLINES

Cargojet, Air Line Pilots Association Finalize Five-year Agreement

Cargojet said an arbitrator issued the final award setting the terms of a new collective agreement with the Air Line Pilots Association.

The agreement is effective July 1, through June 30, 2031, and concludes negotiations and mediation that began in late 2025.

"This agreement provides stability for our customers, team members and stakeholders, while ensuring Cargojet continues to deliver the safe, reliable and industry-leading service our customers expect for years to come," Chief Executive Officer Pauline Dhillon said.

Cargojet said the five-year agreement more closely aligns pilot compensation and operating provisions with current industry standards. It said the outcome supports productivity, operational excellence and long-term sustainability, and continues to provide continuity and stability for customers, team members and shareholders.

International Tower Hill Mines Taps David Wiens as CEO, Shane Parrow COO

International Tower Hill Mines has appointed David Wiens as chief executive officer and Shane Parrow chief operating officer, effective Aug. 17 and July 27, respectively.

The miner said the appointments bring together extensive capital markets, mine financing, project development and Alaska operating experience to the company.

The move comes as International Tower Hill enters its next phase focused on completing a feasibility study, advancing permitting, securing financing and positioning Alaska's Livengood Gold Project for development, it said Monday.

Altus Group Appoints Katie Royce to CFO Role

Altus Group has appointed Katie Royce as chief financial officer, succeeding Pawan Chhabra who helped oversee the company's transformation.

Royce brings to the commercial real estate intelligence company over 20 years of experience across finance, investor relations, corporate strategy, operations and enterprise transformation across public and venture-backed companies.

Her appointment will be effective Aug. 3.

Most recently, she was CFO of ZenBusiness, a software-as-a-service company providing services for entrepreneurs. Before that, Royce held senior finance roles at technology services provider Cognizant Technology Solutions.

KKR, Blackstone Sign $16 Billion Kuwait Oil Deal After Trump Tariff Reversal

The companies that manage Kuwait's oil sector signed a $16 billion lease agreement with a group of investors led by Blackstone, Brookfield and KKR.

The deal comes after President Trump said earlier this month that he reversed his Strait of Hormuz tariff plan following talks with Middle Eastern countries to invest more in the U.S.

Kuwait Petroleum Corp., the state-owned firm overseeing the sector, and its subsidiary Kuwait Oil Co., which explores and produces oil on behalf of the state, both signed the deal.

Lundin Mining Faces Up to Three-Week Outage at Chilean Mine After Winter Storm

Lundin Mining expects its operations in Chile to take up to three weeks to restart after discovering powerline damage following a winter storm.

The Vancouver, British Columbia-based miner said early Monday that the company discovered damage to two powerline towers serving the Caserones copper mining operation.

The region was hit by severe winter storm last week, which brought heavy rainfall at lower elevations and unusually heavy snowfall at higher altitudes, the company said.

Fury Gold Mines Resumes Drilling at Quebec Project After Wildfire Suspension

Fury Gold Mines said it has resumed exploration and drilling work at its site in the James Bay region of Northern Quebec after suspending activities due to nearby wildfires.

The Canadian miner said that all staff have returned to the Eau Claire site and resumed field activities after getting the all-clear that conditions are suitable to safely restart work.

Fury Gold had taken the precautionary step in mid-July to suspend operations.

Canada has faced an active 2026 wildfire season, with nearly 4,200 fires burning roughly 3.7 million hectares nationwide by late July, according to data from the Canadian Interagency Forest Fire Centre.

TALKING POINT

Inside the Decadelong Saga to Open a New Detroit Bridge to Canada

By Amanda Coletta in Toronto and Brian Schwartz in Washington

President Trump was furious at Canada, again.

Early last month, Canadian Prime Minister Mark Carney said the Gordie Howe International Bridge-a long-awaited project linking Detroit and Windsor, Ontario-was set to be opened. A Windsor-Detroit Bridge Authority invitation announced a ribbon cutting for June 12.

Months earlier, Trump had threatened to delay the bridge's opening over a long list of U.S.-Canada trade grievances. Now, he was convinced Carney was trying to rush the opening and circumvent him, a U.S. official said.

In a meeting with Commerce Secretary Howard Lutnick, the official said, Trump came up with an idea: What if he revoked the presidential permit that allowed the bridge to open?

Aides ultimately dissuaded the president from that plan, but a day before the June 12 ribbon cutting, the event was abruptly called off. Carney said Canada agreed to delay the opening at the request of the U.S.-the latest twist in a decadelong effort to open the 1.5-mile, cable-stayed span that has emerged as a symbol of the evolving state of U.S.-Canada relations.

The bridge opens to traffic Monday with U.S.-Canada tensions still running high over trade and the president's 51st-state rhetoric more than 18 months into Trump's second term.

"It's not a breaking news story that [the bridge] reflects the troubles, " said Christopher Sands, director of the Center for U.S.-Canada Studies at the Johns Hopkins University School of Advanced International Studies. "It's just part of a long period in which the relationship has gotten worse, and we just don't seem to be able to fix it."

In 2015, when then-Prime Minister Stephen Harper announced the bridge would be named after the Canadian hockey great who captained the Detroit Red Wings, he hailed the "very strong and important" relationship between the U.S. and Canada and a future of more bilateral trade. Then-Michigan Gov. Rick Snyder stood beside him in a sign of that chummy bond.

Today, uncertainty looms over U.S.-Canada trade and security ties, and Gordie Howe's "elbows up" style of play has become a Canadian rallying cry amid Trump's menaces. Canada disinvited U.S. officials from what was meant to be a joint ribbon-cutting on Friday to mark the bridge opening after Trump threatened more tariffs.

The bridge didn't appear to become a part of the broader tensions in the bilateral relationship until early February, when Trump fired off a lengthy post on his Truth Social account threatening to block the bridge unless "Canada treats the United States with the Fairness and Respect that we deserve." He claimed that U.S. steel wasn't used in the construction of the bridge; Snyder and Canadian officials say U.S. steel and labor were used. Trump also criticized Canada's rapprochement with China, claiming Beijing would eliminate professional hockey's championship trophy, the Stanley Cup.

On both sides of the border, the recent drama over the span has also become a political liability.

In Canada, Carney is under fire for making a new deal to get the bridge's opening back on track-an agreement critics view as a U.S. shakedown of Canada. In the U.S., Democrats are investigating whether Trump stalled the bridge's opening as a favor to a donor, and the issue has become a flashpoint in Michigan's midterm elections.

Michigan Gov. Gretchen Whitmer didn't respond to requests for comment. A senior Canadian government official said Carney's announcement about the bridge opening was informed by the project having achieved substantial completion, a final step in the construction process that allowed the span to open. The official declined to comment on Trump's belief that Carney was doing an end-run around him and referred additional questions to the Windsor-Detroit Bridge Authority, which didn't respond to a request for comment.

"President Trump will always fight for the best deal possible for America, and the Administration's renegotiated deal for the Gordie Howe Bridge is proof that the President is delivering," White House spokesman Kush Desai wrote in an email.

The Gordie Howe bridge was conceived to smooth the flow of trade across the border.

For decades, commercial truck traffic between Windsor and Detroit, the heart of the integrated auto industry, has mostly flowed across the Ambassador Bridge. Last year, more than 1.8 million trucks rumbled across the aging aquamarine span, which opened in 1929 and is one of the continent's busiest land-border crossings. Historically, around a quarter of U.S.-Canada trade has moved across the bridge.

Write to Amanda Coletta at [amanda.coletta@wsj.com] and Brian Schwartz at [brian.schwartz@wsj.com]

Expected Major Events for Tuesday

06:45/FRA: Jul Consumer confidence survey

06:45/FRA: Jun Housing starts

08:00/ITA: Jun Foreign Trade non-EU

10:00/FRA: 2Q Claimant count and job advertisements collected by France Travail

12:30/US: Jun Advance Economic Indicators Report

12:55/US: 07/25 Johnson Redbook Retail Sales Index

13:00/US: May U.S. Monthly House Price Index

13:00/US: May S&P Cotality Case-Shiller Indices

14:00/US: Jul Richmond Fed Business Activity Survey

14:00/US: 2Q U.S. Housing Vacancies

14:00/US: Jul Consumer Confidence Index

17:00/US: Jun Money Stock Measures

20:30/US: API Weekly Statistical Bulletin

23:01/UK: Jul CBI Growth Indicator and Service Sector Survey

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Expected Earnings for Tuesday

AllianceBernstein Holding LP $(AB)$ is expected to report $0.81 for 2Q.

American Tower REIT $(AMT)$ is expected to report $1.57 for 2Q.

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July 27, 2026 16:24 ET (20:24 GMT)

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