56m ago
Canada targets 50 million tonnes of LNG exports by 2030 as TC Energy backs $3 billion in new projects
Canada plans to double liquefied natural gas exports to 50 million tonnes by 2030, positioning pipeline operator TC Energy as a key beneficiary. The company sanctioned about $3 billion of new growth projects in the first half of 2026. Second-quarter comparable EBITDA rose 12% year over year to $2.9 billion, and TC Energy forecasts North American natural gas demand will increase by roughly 51 billion cubic feet per day between 2025 and 2035.
56m ago
1h ago
Brookfield Infrastructure offers a 4.9% dividend yield after 17 straight years of payout hikes
Brookfield Infrastructure currently yields 4.9% and has raised its distribution for 17 consecutive years. In its latest quarter, funds from operations rose 10% year over year to US$702 million, while FFO per unit increased 10% to US$0.89. The company’s payout ratio was about 66%, within its long-term target range of 60% to 70%. For 2026, the distribution was increased by 6%, and management is targeting annual growth of 5% to 9%.
1h ago
2h ago
Canada signs 50+ critical-minerals deals and unlocks $20 billion as Teck posts 135,900 tonnes of Q2 copper
Prime Minister Mark Carney said Canada signed more than 50 critical-minerals agreements with over 15 countries over the past year, unlocking $20 billion in investment to reduce reliance on foreign supply-chain chokeholds. Teck reported second-quarter copper production of 135,900 tonnes, up 25% year over year, while adjusted EBITDA jumped 204% to $2.2 billion and operating cash flow reached $1.7 billion. Copper now accounts for more than 70% of the company’s business. The stock has recently traded around $90, near its 52-week high.
2h ago
2h ago
Indian refiners say replacing Russian crude that makes up 47% of imports is near impossible as US bill allows 100% tariff
New US legislation passed by Congress authorizes the president to impose tariffs of up to 100% on India and other buyers of Russian oil. Indian refiners say replacing Russian crude—47% of their imports—would be difficult under current market conditions, with some key suppliers already unavailable. They cite disrupted Saudi supply after drone attacks on a major pipeline and depleted global inventories, alongside logistical hurdles in sourcing alternative barrels and ships. Executives warned that a simultaneous scramble for replacements could send oil prices sharply higher.
2h ago
5h ago
FCC clears foreign-ownership review for Paramount’s merger with Warner Bros. Discovery
The U.S. Federal Communications Commission has approved the foreign-investment review tied to Paramount’s proposed merger with Warner Bros. Discovery. Paramount disclosed that foreign ownership of the combined company would be 49.5%, including 38.5% from investment funds from Saudi Arabia, Qatar and Abu Dhabi. The FCC’s ruling adds conditions requiring permission if aggregate foreign voting interests exceed 25%. Paramount said that after closing, the Ellison family and RedBird will hold the largest equity stake and 100% of the voting shares, leaving other equity holders without governance rights.
5h ago
5h ago
ASX set to open 0.6% higher as Wall Street tech rebounds and oil, yields fall
The Bank of England kept its benchmark rate unchanged at 3.75%, but a 6-3 vote signalled a more hawkish tilt, with chief economist Huw Pill among three backing a hike. The BOE sharply lifted its inflation outlook, forecasting inflation will rise above 4% in early 2027, well above its 2% target. As global bond yields retreated and oil prices fell, US tech shares rebounded and Australia’s ASX was expected to open 0.6% higher. The Australian dollar rose 0.3% to 71.1 US cents.
5h ago
6h ago
TD Bank commits C$150 billion over five years to finance key Canadian industries
Toronto-Dominion Bank Group said it will commit C$150 billion over five years for lending, underwriting and advisory work in sectors it views as critical to Canada’s economy. The pledge draws on the bank’s economics research, which projects more than 300 projects and over C$1 trillion in new investment in Canada by 2035. TD said its tier 1 capital ratio stands at 14.3%, among the highest among major North American banks. The stock has delivered a 346% return over the past decade on a dividend-adjusted basis.
6h ago
6h ago
Starbucks agrees to pay Florida $1 million and drop race- and sex-based employment targets nationwide
Starbucks has reached a settlement with the state of Florida that requires the company to pay $1 million and stop using race- and sex-based goals, quotas and preferences in employment practices across the company. The agreement ends a civil rights lawsuit filed by Florida’s attorney general in December 2025 that accused Starbucks’ DEI policies of discrimination. The payment will reimburse the Florida Department of Legal Affairs for costs associated with the case.
6h ago