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Yahoo
15-07-2025
- Business
- Yahoo
Canadian dollar to strengthen; analysts see 'systemic weakness' for USD through 2025
The Canadian dollar is expected to rise against its American counterpart through 2025, say analysts predicting investors will continue to shun the U.S. currency. ATB Capital Markets head of currencies Bill Kellett says the story remains one of U.S. dollar weakness, rather than loonie strength. He expects both currencies will underperform through the remainder of the year, with the American dollar falling harder than Canada's currency. 'USD weakness will likely outpace CAD weakness, setting up for a move lower in USD/CAD,' he wrote in a research report on Monday. 'We anticipate USD/CAD will drift moderately lower over the second half of 2025, edging down to the low 1.3000's.' The Canadian dollar (CADUSD=X) eased slightly against its U.S. counterpart on Tuesday, trading at US$0.7287. U.S. President Donald Trump's chaotic trade agenda continues to stoke fears of rising inflation and softer growth among global investors. Uncertainty linked to Trump's unpredictable bursts of tariffs against major economies has raised questions about the stability of the U.S. dollar and its role as the global reserve currency. 'While dramatic capital rotation out of the U.S. is not a sustainable reality, the USD is showing signs of longer-term systemic weakness,' Kellett wrote. 'We expect the theme of USD weakness will continue through the balance of 2025, and this variable will be the main overarching factor impacting FX markets.' CIBC economists Avery Shenfeld and Katherine Judge agree. 'The Canadian dollar has remained on a strengthening trajectory recently, but that continues to be a reflection of the broad USD falling out of favour with investors, rather than a case of strong Canadian fundamentals,' they wrote in the bank's July foreign exchange report. 'Markets are pricing in a slightly more modest dose of easing from the Bank of Canada than we expect, and look to be too optimistic on Fed cuts,' they added. 'That leans towards pressure on the loonie in the near term, but progress on trade negotiations over the next few months could be an offset, leaving USDCAD relatively stable at 1.37 into the end of Q3.' Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.
Yahoo
15-07-2025
- Business
- Yahoo
Canadian dollar to strengthen; analysts see 'systemic weakness' for USD through 2025
The Canadian dollar is expected to rise against its American counterpart through 2025, say analysts predicting investors will continue to shun the U.S. currency. ATB Capital Markets head of currencies Bill Kellett says the story remains one of U.S. dollar weakness, rather than loonie strength. He expects both currencies will underperform through the remainder of the year, with the American dollar falling harder than Canada's currency. 'USD weakness will likely outpace CAD weakness, setting up for a move lower in USD/CAD,' he wrote in a research report on Monday. 'We anticipate USD/CAD will drift moderately lower over the second half of 2025, edging down to the low 1.3000's.' U.S. President Donald Trump's chaotic trade agenda continues to stoke fears of rising inflation and softer growth among global investors. Uncertainty linked to Trump's unpredictable bursts of tariffs against major economies has raised questions about the stability of the U.S. dollar and its role as the global reserve currency. 'While dramatic capital rotation out of the U.S. is not a sustainable reality, the USD is showing signs of longer-term systemic weakness,' Kellett wrote. 'We expect the theme of USD weakness will continue through the balance of 2025, and this variable will be the main overarching factor impacting FX markets.' CIBC economists Avery Shenfeld and Katherine Judge agree. 'The Canadian dollar has remained on a strengthening trajectory recently, but that continues to be a reflection of the broad USD falling out of favour with investors, rather than a case of strong Canadian fundamentals,' they wrote in the bank's July foreign exchange report. 'Markets are pricing in a slightly more modest dose of easing from the Bank of Canada than we expect, and look to be too optimistic on Fed cuts,' they added. 'That leans towards pressure on the loonie in the near term, but progress on trade negotiations over the next few months could be an offset, leaving USDCAD relatively stable at 1.37 into the end of Q3.' Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on X @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android.
Business Insider
05-07-2025
- Business
- Business Insider
ATB Capital Markets Keeps Their Buy Rating on Trican Well Service (TOLWF)
In a report released today, from ATB Capital Markets maintained a Buy rating on Trican Well Service, with a price target of C$6.50. The company's shares closed yesterday at $3.87. Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. In addition to ATB Capital Markets, Trican Well Service also received a Buy from RBC Capital's Keith Mackey in a report issued on June 26. However, yesterday, BMO Capital maintained a Hold rating on Trican Well Service (Other OTC: TOLWF). TOLWF market cap is currently $602.3M and has a P/E ratio of 8.94. Based on the recent corporate insider activity of 6 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TOLWF in relation to earlier this year.
Business Insider
24-06-2025
- Business
- Business Insider
ATB Capital Markets Keeps Their Hold Rating on Keyera Corp. (KEY)
ATB Capital Markets analyst maintained a Hold rating on Keyera Corp. (KEY – Research Report) today and set a price target of C$48.00. The company's shares closed today at C$44.04. Confident Investing Starts Here: In addition to ATB Capital Markets, Keyera Corp. also received a Hold from National Bank's Patrick Kenny in a report issued on June 20. However, today, CIBC maintained a Buy rating on Keyera Corp. (TSX: KEY). Based on Keyera Corp.'s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$1.94 billion and a net profit of C$88.91 million. In comparison, last year the company earned a revenue of C$2.21 billion and had a net profit of C$49.19 million
Yahoo
18-06-2025
- Business
- Yahoo
High Arctic Overseas Announces Normal Course Issuer Bid
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW CALGARY, Alberta, June 17, 2025 (GLOBE NEWSWIRE) -- High Arctic Overseas Holdings Corp. (TSXV: HOH) ("High Arctic Overseas" or the "Corporation") announced today that the TSX Venture Exchange (the "Exchange") has accepted a notice filed by the Corporation of its intention to make a Normal Course Issuer Bid (the "Bid") to be transacted through the facilities of the Exchange. The notice provides that the Corporation may, during the 12-month period commencing June 20, 2025 and ending June 19, 2026 purchase up to 622,408 Common Shares ("Shares") in total, being approximately 5% of the total number of Shares outstanding as at June 17, 2025. The price which the Corporation will pay for any such Shares will be the prevailing market price at the time of acquisition. The actual number of Shares which may be purchased pursuant to the Bid and the timing of any such purchases will be determined by management of the Corporation. Purchases under the Bid will be made from time to time by ATB Capital Markets on behalf of the Corporation. The Corporation may enter into a pre-defined automatic securities purchase plan with ATB Financial to allow for the repurchase of Shares at times when the Corporation ordinarily would not be active in the market due to its own internal trading blackout periods, insider trading rules or otherwise. Any such plans entered into will be adopted in accordance with applicable Canadian securities laws. Outside of the restricted periods, the timing of purchases will be determined by management of the Corporation. All Share purchases will be made on the open market through the facilities of the Exchange and will be purchased for cancellation. The funding for any purchase pursuant to the Bid will be financed out of the working capital of the Corporation. The Board of Directors believes the underlying value of the Corporation may not be reflected in the current market price of its Shares. As a result, depending upon future price movements and other factors, the Board believes that the purchase of the Shares would be an appropriate use of corporate funds and in the best interests of the Corporation and its shareholders. Furthermore, the purchases are expected to benefit all persons who continue to hold Shares by increasing their equity interest in the Corporation if the repurchased Shares are cancelled. A copy of the Corporation's notice filed with the Exchange may be obtained, by any shareholder without charge, by contacting the Corporation's Chief Executive Officer. About High Arctic Overseas Holdings Corp. High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialized well completion services, manpower solutions and supplies rental equipment including rig matting, camps, material handling and drilling support equipment. For further information, please contact: Mike MaguireChief Executive Officer1.587.320.1301 High Arctic Overseas Holdings Corp. Suite 2350, 330–5th Avenue SW Calgary, Alberta, Canada T2P 0L4 info@ Cautionary Note and Forward-Looking Information This press release contains forward-looking information within the meaning of Canadian securities legislation. Forward-looking information relates to future events or the anticipated performance of the Corporation and reflects management's expectations or beliefs regarding such future events. In certain cases, statements that contain forward-looking information can be identified by the use of words such as 'plans', 'expects', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', 'believes' or variations of such words and phrases or statements that certain actions, events or results 'may', 'could', 'would', 'might', or 'will be taken', 'occur' or 'be achieved' or the negative of these words or comparable terminology. Forward-looking information in this press release includes statements with respect to the anticipated benefits of the Bid, the entering into of an automatic securities purchase plan, and the number of Shares that may be purchased under the Bid. By its very nature forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual performance of the Corporation to be materially different from any anticipated performance expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties, which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the risks described in the Corporation's public disclosure documents which are filed on the Corporation's profile on SEDAR+ at The risk factors referred to above are not an exhaustive list of the factors that may affect any of the Corporation's forward-looking information. Forward-looking information includes statements about the future and is inherently uncertain, and the Corporation's actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. The Corporation's statements containing forward-looking information are based on the beliefs, expectations, and opinions of management on the date the statements are made, and the Corporation does not assume any obligation to update such forward-looking information if circumstances or management's beliefs, expectations or opinions should change, other than as required by applicable law. For the reasons set forth above, one should not place undue reliance on forward-looking information. Sign in to access your portfolio
