Articles for category: Uncategorized

November 11, 2025

Bay St Signal Editors

BMO lifts Workiva target after Q3 beat

BMO Capital Markets nudged its price target on Workiva to $103 from $100 on November 6, keeping an outperform call after the software provider topped third quarter expectations. The change follows results released November 5 that beat on revenue and earnings, with stronger subscription trends and margin expansion. Workiva sells cloud software used for financial, ESG and risk reporting, areas where regulatory pressure is rising across North America. For Canadian desks, the BMO move is a window into cross‑border demand for reporting tools as disclosure rules evolve. It is a modest shift, but it lands after a clean quarter. Q3

November 11, 2025

Bay St Signal Editors

Algonquin posts Q3 gains, holds dividend, names CFO

Algonquin Power & Utilities reported higher third quarter profit and cash flow on November 7, kept its quarterly dividend unchanged, and named a new finance chief for early 2026. Adjusted net earnings rose to US$71.7 million, or 9 cents per share, with the regulated utilities segment driving the improvement, according to the company’s third quarter release. Management tied the better quarter to approved rate implementation, favourable weather in Missouri, lower operating expenses, and a depreciation adjustment in New Hampshire. The moves extend Algonquin’s pivot to a pure‑play regulated utility, a model where returns are set through rate regulation rather than

November 6, 2025

Bay St Signal Editors

Foresight names 50 investible cleantech ventures in Calgary

Foresight Canada unveiled the 2025 Foresight 50 in Calgary, highlighting privately held ventures the accelerator deems most investible across energy, materials, mobility, agtech, water and carbon solutions. The annual showcase is designed to connect founders with customers and capital, a practical signal for Canadian investors and strategic buyers scanning the next wave of climate technologies. Past honourees have collectively raised more than C$2.25 billion, underscoring a steady pipeline of scale‑ups despite tighter capital conditions. That cumulative raise figure comes directly from Foresight’s 2025 call for applications, which also marked the program’s fifth year. Capital flows and policy tailwinds Ottawa’s refundable

November 5, 2025

Bay St Signal Editors

Glencore Closure Heightens Stakes in Anglo-Teck Review

Glencore’s plan to wind down the 97-year-old Horne smelter in Rouyn-Noranda, Quebec, leaves Canada on the brink of losing its largest source of refined copper metal just as Ottawa tries to brand the country a critical-minerals hub. The London-listed miner told Reuters it is “not currently considering the closure of the Horne smelter or CCR,” yet two sources say shutdown preparations are under way as modernization costs could top C$270 million per a Glencore spokesperson. If the taps do turn off, domestic output would fall by roughly 17 percent, according to federal trade data, and buyers south of the border

October 16, 2025

Bay St Signal Editors

Enbridge Extends Dividend Visibility Through Utility Scale

Enbridge’s 2025 guidance keeps the cash flow story intact, with management targeting distributable cash flow of 5.50 to 5.90 dollars per share and an annualized dividend of 3.77 dollars, both set out on December 3, 2024 as the company reaffirmed near term growth and leverage guardrails. Predictability still commands a premium in volatile markets. Enbridge announced 2025 guidance and a 3 percent dividend increase. Integrate Three U.S. Gas Utilities By closing East Ohio in March 2024, Questar in June 2024, and PSNC on October 1, 2024, Enbridge reshaped its mix toward regulated distribution, now the largest gas utility platform in