HEADLINES
Vizsla Says Family Members Informed Individuals Taken From Site of Mexico Project Were Found Dead
Canadian minerals explorer Vizsla Silver said it has been informed by the families of workers who were taken from the site of a project in Mexico that the individuals have been found dead.
The Vancouver, British Columbia, company said it is awaiting confirmation from Mexican authorities. A number of families reported their relatives were located deceased, it said.
"We are devastated by this outcome and the tragic loss of life," President and Chief Executive Michael Konnert said.
Shares fell 12.4% to C$5.49.
In late January, Vizsla said 10 people were take from its flagship Panuco silver-gold project in Sinaloa. At the time it said information was limited, though local authorities had been notified and the company's crisis management and security response teams were actively engaged. As a precautionary measure, certain activities at and near the site were temporarily suspended.
Air Canada Suspends Cuba Service Due to Fuel Shortage
Air Canada is suspending service to Cuba due to a shortage of aviation fuel on the island.
The flag carrier is suspending service, effective Monday, and over the following days it will operate empty flights to Cuba to pick up about 3,000 customers already there to bring them home.
Air Canada said it has made the decision following advisories issued by governments regarding the unreliability of aviation fuel supplies at Cuban airports. It is projected that as of Tuesday aviation fuel won't be commercially available at the those airports.
For remaining flights, Air Canada said it will tanker in extra fuel and make technical stops to refuel on the return journey if necessary.
Bombardier Acquires Velocity Maintenance Solutions in U.S.
Bombardier has acquired maintenance, repair and overhaul services provider Velocity Maintenance Solutions as it looks to expand its services business.
The Canadian business-jet maker on Monday said the acquisition adds additional maintenance expertise to Bombardier's existing service network with a 35,000 square-foot hangar at the Wilmington, Delaware airport, and a fleet of 14 mobile repair trucks across the U.S.
The strategic acquisition was completed through its U.S. subsidiary, Learjet, but the terms of the acquisition weren't disclosed.
Dye & Durham Shares Slip After Eight-Week Cease-Trade Order Lifted
Dye & Durham shares fell sharply Monday after the company returned to trading following a eight-week cease-trade order.
Shares fell 4.8% to C$3.97.
The embattled Canadian cloud-based legal practice management software provider late Friday said the Ontario Securities Commission revoked the failure to file cease trade order issued in mid-December, allowing the shares to trade once again on Feb. 9.
The Ontario Securities Commission originally imposed the cease-trade order on Dec. 15 after Dye & Durham missed deadlines for its quarterly and fiscal 2025 financial statements, among other filings. The company said all the required documents have been filed and it is now in good standing to resume trading.
Market Participants Expect Bank of Canada to Hold Steady Until Second Quarter of 2027
Market participants remain convinced the Bank of Canada will keep its main interest rate unchanged until mid-2027, according to a survey the central bank published Monday.
The survey of 27 financial-market participants was conducted in late December. The median from the results indicated participants expect the Bank of Canada's main rate to stay at 2.25% until the second quarter of next year, and end 2027 at 2.75%.
The Bank of Canada last month held its benchmark rate steady at 2.25%, saying it was at an appropriate level. Economists say the bar to further cuts appears high, based on remarks last week from Gov. Tiff Macklem who warned about injecting more monetary-policy stimulus during this period of weakness - fueled by structural changes in the Canadian economy as opposed to soft demand.
Aimia to Sell Interest in Giovanni Bozzetto for Up to C$271 Million
Aimia agreed to sell its interest in specialty chemicals business Giovanni Bozzetto to One Equity Partners for up to C$271 million.
Shares rose 3.9% to C$3.18.
The Toronto-based investment holding company said that the divestment is part of the company's three-step strategy to drive shareholder value creation that it launched in March of last year.
Aimia expects to generate between C$265 million and C$271 million from the sale, which it said it would allocate towards new investments.
The transaction is expected to close within the next three months.
Newmont Working With Barrick to Lift Nevada Operation, Calls for Venture Agreements to Be Respected
Nemont said it is taking steps to address the underperformance of the Nevada Gold Mines operation with venture partner Barrick, which is pushing ahead with plans to float a minority stake in its North American gold assets.
Newmont said that any transaction involving its joint ventures must respect protections in agreements between the companies, including transfer restriction requirements. It said its main concern is the operation and management of Nevada Gold Mines, "which has suffered a degradation in performance and subsequent asset value over the past six years."
The gold miner said its goal with Barrick is to reverse the decline in performance in Nevada and to ensure the assets generate the value they are capable of delivering.
TALKING POINT
Alimentation Couche-Tard's Growth Plans in Focus After Shelved 7-Eleven Deal
By Adriano Marchese
Alimentation Couche-Tard is under pressure to show that the convenience store operator can lift its U.S. performance on its own now that its 7-Eleven deal is off the table.
Executives at the Canadian company on Wednesday are hosting a business strategy update meeting to outline strategic priorities, growth plans and its long-term vision. The event also gives the team the first opportunity to deeply chart the company's path forward since backing out of its potentially transformative $47 billion acquisition of 7-Eleven owner Seven & i.
Part of that is illustrating whether Couche Tard, which in addition to its namesake banner also owns Circle K, can outline a credible path to U.S. same-store-sales growth above 2%, according to TD Cowen analyst Michael Van Aelst. Just as important, Van Aelst said, will be how quickly it can get there and whether that growth depends on recovery in consumer health or on Couche-Tard's own execution.
"If Couche-Tard points to some internal initiatives that could help drive same store sales somewhat irrespective of industry health, investors could be more encouraged," Van Aelst said in a report. He added that any indication that growth depends mainly on a consumer rebound would likely be viewed negatively.
The stock is up about 5.9% over the last 52 weeks, and recently traded at C$78.9.
The update comes on the heels of Couche-Tard's year-long pursuit of Japan's 7-Eleven owner Seven & i. The company dropped the bid in July after months of resistance and limited engagement from the Japanese retailer, along with concerns in Japan about foreign ownership and potential regulatory issues.
Analysts expect the focus of Wednesday's event will center on what is working and what isn't across its network of over 17,000 stores worldwide, especially around merchandise growth. CIBC analyst Mark Petrie expects Couche-Tard will likely continue to double down on fresh food, beverages and nicotine products which have been key drivers of traffic and repeat visits.
Scaling food service and improving in-store execution, Petrie said, will be especially important given current market conditions and competitive dynamics.
Analysts also expect Couche-Tard to walk back its long-standing goal of reaching $10 billion in earnings before interest, taxes, depreciation and amortization by fiscal 2028, with consensus expectation currently sitting at around $7 billion, and a pivot to an earnings-per-share growth framework.
"We believe a framework of double-digit EPS growth would be reasonable, and could drive upside to the stock," said National Bank of Canada analyst Vishal Shreedhar, calling it a more viable route through a mix of organic and acquisitive growth as well as through buybacks, which had been halted during its pursuit of Seven & i.
While large-scale M&A is likely no longer in play, investors will also be listening for how Couche-Tard plans to deploy capital after the failed 7-Eleven bid, as growth varies across Canada, Europe and Asia. Analysts think Couche-Tard could outline in broad strokes its acquisition strategy going forward, given its role in long-term value creation, CIBC's Petrie said.
"Though we do not expect any specific news on M&A...we expect the company will continue to prioritize flexibility, while returning excess cash to shareholders," he added.
Write to Adriano Marchese at
Expected Major Events for Tuesday
00:01/UK: Jan BRC-KPMG Retail Sales Monitor
06:00/JPN: Jan Preliminary Machine Tool Orders
06:30/FRA: 4Q ILO Unemployment and Labour Market-related indicators
11:00/US: Jan NFIB Index of Small Business Optimism
13:30/US: Dec Import & Export Price Indexes
13:30/US: Dec Advance Monthly Sales for Retail & Food Services
13:30/US: 4Q Employment Cost Index
13:55/US: 02/07 Johnson Redbook Retail Sales Index
15:00/US: Nov Manufacturing & Trade: Inventories & Sales
17:00/US: World Agricultural Supply & Demand Estimates (WASDE)
21:30/US: API Weekly Statistical Bulletin
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Tuesday
$Aramark(ARMK-W)$ $(ARMK)$ is expected to report $0.46 for 1Q.
Ares Commercial Real Estate $(ACRE)$ is expected to report $0.02 for 4Q.
Arvinas Inc $(ARVN)$ is expected to report $-0.51 for 4Q.
Axalta Coating Systems Ltd $(AXTA)$ is expected to report $0.57 for 4Q.
Blackbaud Inc $(BLKB)$ is expected to report $0.67 for 4Q.
CTS Corp (CTS) is expected to report $0.60 for 4Q.
CVS Health Corp $(CVS)$ is expected to report $0.68 for 4Q.
Coca-Cola Co $(KO)$ is expected to report $0.58 for 4Q.
Consensus Cloud Solutions Inc (CCSI) is expected to report $1.10 for 4Q.
Cyanotech Corp (CYAN) is expected to report for 3Q.
Datadog Inc (DDOG) is expected to report $0.11 for 4Q.
DuPont de Nemours Inc (DD) is expected to report $0.43 for 4Q.
Duke Energy Corp $(DUK)$ is expected to report $1.47 for 4Q.
Ecolab Inc $(ECL)$ is expected to report $2.02 for 4Q.
Entegris Inc $(ENTG)$ is expected to report $0.39 for 4Q.
Farmers & Merchants Bancorp Inc $(FMAO)$ is expected to report $0.66 for 4Q.
Fidelity National Information Services Inc $(FIS)$ is expected to report $0.81 for 4Q.
Fiserv Inc (FISV) is expected to report $1.35 for 4Q.
GCM Grosvenor Inc $(GCMG)$ is expected to report $0.21 for 4Q.
Harley-Davidson Inc $(HOG)$ is expected to report $-1.12 for 4Q.
InMode Ltd $(INMD)$ is expected to report $0.38 for 4Q.
Incyte Corp $(INCY)$ is expected to report $1.41 for 4Q.
International Petroleum Corp (IPCO.T) is expected to report $0.02 for 4Q.
Lee Enterprises Inc $(LEE)$ is expected to report for 1Q.
LiveWire Group Inc (LVWR) is expected to report for 4Q.
Marriott International Inc $(MAR)$ is expected to report $2.60 for 4Q.
Masco Corp $(MAS)$ is expected to report $0.78 for 4Q.
Oscar Health Inc $(OSCR)$ is expected to report $-0.87 for 4Q.
Quest Diagnostics Inc $(DGX)$ is expected to report $2.09 for 4Q.
S&P Global Inc $(SPGI)$ is expected to report $3.64 for 4Q.
Saia Inc $(SAIA)$ is expected to report $1.91 for 4Q.
Silicon Laboratories Inc $(SLAB)$ is expected to report $-0.17 for 4Q.
TerraVest Industries Inc (TVK.T) is expected to report for 1Q.
Trimble Inc $(TRMB)$ is expected to report $0.65 for 4Q.
Vestis Corp $(VSTS)$ is expected to report $0.01 for 1Q.
Wesco International Inc $(WCC)$ is expected to report $3.75 for 4Q.
Williams Cos $(WMB)$ is expected to report $0.57 for 4Q.
Xylem Inc $(XYL)$ is expected to report $1.14 for 4Q.
Zimmer Biomet Holdings Inc $(ZBH)$ is expected to report $1.66 for 4Q.
iRadimed Corp $(IRMD)$ is expected to report $0.44 for 4Q.
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(END) Dow Jones Newswires
February 09, 2026 16:36 ET (21:36 GMT)
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