BYND Cannasoft Enterprises Files for Offering of Units; Units Will Each Contain a Common Share, a Series A Warrant and Two Series B Warrants; Company says Israel Contactless Medical Cannabis License Expired Feb. 5; Company Intends to Apply for an Extension of License for an Additional Year
GDI Integrated Facility 4Q Rev C$622M; EPS C$0.26
Loblaw to Issue C$400M of 5.115% Senior Unsecured Notes That Will Mature in March 2054
Pason Systems 4Q Net C$8.49M; Rev C$93.3M
Economic Insight:
Canadian policymakers should be increasingly concerned about the nation's balance of payments following the release of data for last year, economists say.
National Bank Financial says the magnitude and composition of the country's international assets "warrant growing attention." NBF notes strong profits on Canadian foreign direct investments were offset by a surge in interest payments to nonresident bondholders. This situation could unravel under a stagflation scenario, NBF says.
Canada recorded a current-account deficit of C$17 billion last year. BMO Capital Markets notes Canada also sustained deficits last year in foreign-direct investment, C$53 billion, and portfolio-investment flows, C$21 billion. Those deficits were funded through an influx of short-term currency and deposits, BMO says.
Expected Major Events for Thursday
00:01/UK: Jan UK monthly automotive manufacturing figures
00:01/UK: Jan Zoopla House Price Index
01:00/JPN: Jan Steel Imports & Exports Statistics
04:30/JPN: Jan Preliminary Report on Petroleum Statistics
05:00/JPN: Jan Construction Orders
05:00/JPN: Jan Housing Starts
06:30/FRA: 4Q Job creation
07:00/GER: Jan Retail Trade
07:45/FRA: Jan Household consumption expenditure in manufactured goods
07:45/FRA: Jan PPI
07:45/FRA: Feb Provisional CPI
07:45/FRA: 4Q GDP - detailed figures
08:55/GER: Feb Labour market statistics (incl unemployment)
09:00/ITA: Dec Industrial turnover
09:00/GER: Feb Bavaria CPI
09:00/GER: Feb North Rhine Westphalia CPI
09:00/GER: Feb Brandenburg CPI
09:00/GER: Feb Hesse CPI
09:00/GER: Feb Baden-Wuerttemberg CPI
09:30/UK: Jan Monetary & Financial Statistics
09:30/UK: Jan Money and Credit - Lending to Individuals, Lending to Businesses, Broad Money and Credit
09:30/UK: Jan Bank of England effective interest rates
10:00/GER: Feb Saxony CPI
11:00/ITA: Jan Foreign Trade non-EU
13:00/GER: Feb Provisional CPI
13:00/RUS: Weekly International Reserves
13:30/US: Jan Personal Income and Outlays
13:30/CAN: 4Q Quarterly GDP
13:30/CAN: Dec GDP
13:30/US: 02/24 Unemployment Insurance Weekly Claims Report - Initial Claims
13:30/US: U.S. Weekly Export Sales
14:45/US: Feb Chicago Business Barometer - ISM-Chicago Business Survey - Chicago PMI
15:00/US: Jan Pending Home Sales Index
15:30/US: 02/23 EIA Weekly Natural Gas Storage Report
16:00/US: Feb Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing
20:00/US: Jan Agricultural Prices
21:30/US: Federal Discount Window Borrowings
21:30/US: Foreign Central Bank Holdings
23:30/JPN: Jan Labour Force Survey
All times in GMT. Powered by Kantar Media and Dow Jones.
Expected Earnings for Thursday
ACI Worldwide Inc (ACIW) is expected to report $0.97 for 4Q.
Advantage Solutions Inc (ADV) is expected to report for 4Q.
Archer Daniels Midland (ADM) is expected to report $1.44 for 4Q.
Ayala Pharmaceuticals Inc (ADXS) is expected to report for 4Q.
Bath & Body Works Inc (BBWI) is expected to report for 4Q.
BlackRock TCP Capital Corp (TCPC) is expected to report $0.47 for 4Q.
Brink's Co (BCO) is expected to report $0.61 for 4Q.
Canadian Imperial Bank of Commerce (CM,CM.T) is expected to report $1.62 for 1Q.
Cheniere Energy Partners LP (CQP) is expected to report $0.89 for 4Q.
Civeo Corp (CVEO) is expected to report for 4Q.
Cogent Communications Group Inc (CCOI) is expected to report $-1.03 for 4Q.
CommScope Holding (COMM) is expected to report $-0.86 for 4Q.
Cronos Group Inc (CRON,CRON.T) is expected to report $-0.01 for 4Q.
Dentsply Sirona Inc (XRAY) is expected to report $0.21 for 4Q.
Enviri Corp (NVRI) is expected to report $-0.10 for 4Q.
Evergy Inc (EVRG) is expected to report $0.30 for 4Q.
Everi Holdings Inc (EVRI) is expected to report $0.20 for 4Q.
ExlService Holdings Inc (EXLS) is expected to report $0.25 for 4Q.
First Advantage Corp (FA) is expected to report for 4Q.
GoodRx Holdings Inc (GDRX) is expected to report for 4Q.
Hayward Holdings Inc (HAYW) is expected to report for 4Q.
International Seaways (INSW) is expected to report $2.16 for 4Q.
Ituran Location & Control Ltd (ITRN,ITRN-TV) is expected to report for 4Q.
Karyopharm Therapeutics Inc (KPTI) is expected to report $-0.31 for 4Q.
Laurentian Bank of Canada (LB.T,LRCDF) is expected to report $0.85 for 1Q.
Montrose Environmental Group Inc (MEG) is expected to report for 4Q.
MultiPlan Corp (MPLN) is expected to report for 4Q.
NetEase Inc - ADR (K3MD.SG,NTES) is expected to report $2.45 for 4Q.
New Fortress Energy LLC (NFE) is expected to report $0.78 for 4Q.
NexPoint Real Estate Finance Inc (NREF) is expected to report for 4Q.
Olaplex Holdings Inc (OLPX) is expected to report for 4Q.
Pacira BioSciences Inc (PCRX) is expected to report $0.44 for 4Q.
Papa John's International Inc (PZZA) is expected to report $0.73 for 4Q.
Strategic Education Inc (STRA) is expected to report $1.27 for 4Q.
Tegna Inc (TGNA) is expected to report $0.47 for 4Q.
TriMas Corp (TRS) is expected to report $0.51 for 4Q.
Uniti Group Inc (UNIT) is expected to report $0.10 for 4Q.
Vericel Corp (VCEL) is expected to report $0.17 for 4Q.
WideOpenWest Inc (WOW) is expected to report $-0.01 for 4Q.
iHeartMedia Inc (IHRT) is expected to report for 4Q.
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ANALYST RATINGS ACTIONS
American Axle Raised to Neutral From Sell by UBS
American Electric Power Cut to Equal-Weight From Overweight by Barclays
Annovis Bio Cut to Hold From Buy by Brookline Capital
Apartment Income REIT Cut to Neutral From Buy by Mizuho
Apollo Global Management Raised to Overweight From Neutral by JP Morgan
Array Technologies Cut to Underperform From Neutral by Exane BNP Paribas
Bright Horizons Family Raised to Overweight From Equal-Weight by Barclays
Cleveland-Cliffs Cut to Underperform From Neutral by Exane BNP Paribas
Constellation Energy Raised to Overweight From Sector Weight by Keybanc
Cumulus Media Cut to Market Perform From Outperform by Barrington Research
Cumulus Media Cut to Market Perform From Outperform by Noble Capital Markets
Ecolab Raised to Overweight From Equal-Weight by Barclays
Enfusion Cut to Sell From Neutral by Goldman Sachs
Essex Property Raised to Buy From Neutral by Mizuho
First Western Financial Raised to Outperform From Market Perform by Hovde Group
FS KKR Capital Cut to Market Perform From Outperform by Hovde Group
Grocery Outlet Raised to Buy From Hold by Craig-Hallum
Horizon Tech Finance Cut to Neutral From Buy by Ladenburg Thalmann
Installed Building Cut to Neutral From Overweight by JP Morgan
Integral Ad Science Cut to Outperform From Strong Buy by Raymond James
Jackson Financial Raised to Outperform From Market Perform by Keefe, Bruyette & Woods
JM Smucker Raised to Buy From Hold by Stifel
Kinsale Capital Group Cut to Market Perform From Outperform by BMO Capital
LendingTree Raised to Outperform From Market Perform by Keefe, Bruyette & Woods
NGM Biopharmaceuticals Cut to Market Perform From Outperform by TD Cowen
Nuveen Churchill Direct Raised to Market Outperform From Market Perform by JMP Securities
R1 RCM Cut to Equal-Weight From Overweight by Barclays
R1 RCM Cut to In-Line From Outperform by Evercore ISI Group
Radius Recycling Cut to Sell From Buy by Seaport Global
Revolve Group Raised to Outperform From Market Perform by Raymond James
SoundHound AI Cut to Market Perform From Outperform by Northland Capital Markets
Sterling Infrastructure Cut to Neutral From Buy by DA Davidson
Thoughtworks Cut to Market Perform From Outperform by William Blair
Vestis Cut to Underweight From Equal-Weight by Barclays
Vizio Cut to Neutral From Overweight by Piper Sandler
Xencor Cut to Neutral From Overweight by Piper Sandler
This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
02-29-24 0612ET
