Prime Minister Mark Carney announced a $7 billion federal investment to modernize the Vancouver Fraser Port Authority, aiming to dismantle persistent supply chain bottlenecks. The move seeks to reclaim lost trade efficiency and shield Canadian consumers from the inflated costs caused by reliance on congested American shipping routes.
Prime Minister Mark Carney announced a $7 billion investment on Thursday to resolve crippling congestion at the Vancouver Fraser Port Authority. By upgrading critical maritime infrastructure, the government aims to untangle supply chains that currently force ships to idle while driving up domestic consumer prices across the country.
Crude oil futures tumbled by roughly $1 per barrel during Thursday’s midday session, driven by pre-holiday profit-taking and renewed optimism surrounding diplomatic efforts to stabilize energy transit through the Strait of Hormuz.
Investors pushed Bassett Furniture shares up 8.6% on Thursday, reaching $20.41, as the manufacturer navigated a shifting retail landscape. The company reported a second-quarter profit of $2 million, signaling resilience despite a marginal decline in total revenue, which settled at $83.8 million for the period.
Investors pushed Polibeli Group shares up 18% to $10.24 on Thursday following the Indonesia-based company’s announcement of a potential venture in Thailand. The firm is exploring the construction of a 100-megawatt artificial intelligence computing center, signaling a major strategic shift toward digital infrastructure development.
Lucid Group shares dropped 7.5% to $6.13 on Thursday after the electric-vehicle maker reported 3,953 second-quarter deliveries, falling significantly short of the 4,952 units anticipated by Wall Street analysts. The decline pushes the company’s stock down 42% for the year as investors react to both weak output and major executive shifts.
A rock mass movement along the north wall of the Barnat open pit at the Canadian Malartic complex in Quebec forced Agnico Eagle Mines to suspend operations Wednesday. While the site avoided injuries and equipment damage, the precautionary shutdown triggers significant production revisions for the coming years.
The U.S. Army has awarded AeroVironment a $500 million contract to supply advanced counter-unmanned aerial systems, fueling a sharp rally in the company’s stock. Investors responded to the news with a 10% surge in share price, highlighting the surging market demand for technology capable of neutralizing hostile small-scale aircraft.
With the acquisition of U.K.-based Covelya Group now finalized, Kraken Robotics has sharply increased its financial outlook for 2026. The Canadian subsea technology firm is pivoting toward a broader defense footprint, projecting revenue to reach up to C$320 million as it integrates new maritime sensor and navigation capabilities.
ADF Group is set to secure a C$10 million loan from Investissement Quebec to bankroll a significant facility expansion for its subsidiary, Groupe LAR. The investment targets a C$40 million project in Metabetchouan-Lac-a-la-Croix, focused on scaling up steel-fabrication capacity to meet growing demand from the provincial hydroelectric market.
Zoom Communications is moving to integrate artificial intelligence into its sales infrastructure by acquiring Common Room, a platform designed to synthesize fragmented buyer signals. The deal aims to provide sales teams with actionable intelligence, pinpointing exactly which accounts are active and identifying the precise motivations behind potential customer outreach.
Germany's DAX index climbed to 25,609.15 points in afternoon trade, positioning the benchmark for its first record close since January 13. The 2.3% surge reflects a confluence of cooling U.S. labor data, investor optimism surrounding Chancellor Friedrich Merz’s latest fiscal reforms, and significant gains in individual heavyweights like Bayer.
A fresh $36 million sole-source contract for a classified air-defense missile system sent Kratos Defense & Security Solutions shares up 5% on Thursday. Trading at $55.64, the company confirmed the deal remains shrouded in secrecy, with the client and technical specifics withheld due to security and competitive concerns.
Canada's manufacturing sector recorded its third consecutive month of expansion in June, as factory owners ramped up production and payrolls despite lingering anxieties over U.S. trade policy. The S&P Global Canada manufacturing purchasing managers index climbed to 53.0, signaling a resilient rebound after two quarters of economic contraction.
Three incidents reported since the start of 2026 prompted the National Highway Traffic Safety Administration to close its long-standing investigation into Tesla’s unexpected braking issues. Federal regulators concluded that software updates effectively mitigated the risks, signaling a shift in the safety profile of the automaker’s driver-assistance systems.
Vivani Medical is spinning off its brain-implant subsidiary, Cortigent, into a merger with ClearOne that will leave the parent company holding a controlling stake of up to 68%. The deal, unanimously approved by both boards, aims to accelerate the development of neuro-restorative devices for sight and motor function recovery.
With the integration of WTech Fire Group officially underway, APi Group has revised its 2026 financial outlook upward. The business services firm now projects annual revenues reaching as high as $8.86 billion, signaling a swift expansion of its international footprint in fire and life safety services.
Experimental drug zoldonrasib has demonstrated significant antitumor activity in patients with metastatic pancreatic cancer, prompting Revolution Medicines to move the treatment into Phase 3 testing. The results, drawn from two distinct combination regimens, offer a potential breakthrough for a malignancy notoriously resistant to standard clinical interventions.
Singapore’s manufacturing sector accelerated for the eleventh straight month in June, reaching a PMI of 51.3—the highest level since November 2018. The expansion, driven by a global surge in artificial intelligence technology, confirms a sustained recovery for the city-state’s industrial output despite lingering risks in global supply chains.
U.S. soybean exports hit a marketing-year low of 224,300 metric tons for the week ended June 25, drastically undershooting market expectations. Analysts surveyed by The Wall Street Journal had anticipated a robust range between 500,000 and 1.5 million tons, highlighting a sharp disconnect between projected demand and actual trade activity.
With momentum building behind its latest SUV launch, Rivian Automotive has upwardly revised its full-year delivery forecast to a range of 65,000 to 70,000 vehicles. The adjustment follows a second quarter that saw the Irvine-based manufacturer comfortably exceed its own internal performance projections for both commercial and consumer fleets.
Arcturus Therapeutics shares climbed 5.8% to $7.29 in premarket trading Thursday following the announcement of a strategic partnership with Thermo Fisher Scientific. The collaboration aims to accelerate the Phase 3 development and eventual commercialization of ARCT-032, an investigational mRNA therapy designed to treat cystic fibrosis.
Ying Tian officially assumes the role of chief financial officer at iQIYI today, stepping into the leadership position following a period of interim management. His appointment marks the conclusion of a search sparked by the resignation of former CFO Jun Wang, who departed the video streaming company earlier this year.
United Therapeutics has acquired the private biotech firm Thymmune Therapeutics in a cash transaction valued at $140 million. The agreement includes additional performance-based earn-outs of up to $160 million, contingent upon the successful completion of specific clinical and regulatory milestones scheduled through the end of 2031.
Shares of lidar technology developer Ouster retreated in premarket trading Thursday following the company’s announcement of a public offering priced at $55.22 per share. The move arrives after a sharp rally that saw the company’s stock value more than double since the beginning of the year.
German software giant SAP is curbing travel budgets and slowing new hires to redirect capital toward artificial intelligence, signaling a strategic shift to protect its market position. The company aims to prioritize talent and technology development over operational overhead while navigating a volatile period for software-as-a-service providers.
Swedish bearing giant SKF is entering the humanoid robotics sector through a joint venture with China’s Leaderdrive. The partnership aims to manufacture high-precision transmission components for robotic joints, tapping into the burgeoning field of Embodied AI to bridge the gap between complex software and physical industrial automation.
The Peter Ballantyne Cree Nation has abruptly dropped its judicial review against the Wheeler River uranium project, pivoting from courtroom opposition to active cooperation. By withdrawing its challenge, the First Nation has officially signaled its consent for the development and operation of the site in northern Saskatchewan.
The Kospi plunged 7.9% on Thursday to 7648.09, as a massive retreat in semiconductor heavyweights Samsung Electronics and SK Hynix forced regulators to halt trading. With the two companies now commanding roughly half the index’s total weight, their volatility effectively sidelined the remaining nine hundred listed firms during the session.
With plans to launch in July 2026, SoftBank is establishing a new U.S. venture, SB Neo, to provide specialized computing power for artificial intelligence development. The move seeks to capture surging American demand for the infrastructure required to run high-end AI models and large-scale enterprise systems.
