AGP Executive Report
Last update: 6 hours agoMoneris Sale: RBC and BMO agreed to sell Moneris Solutions to Francisco Partners in a roughly $2-billion deal, with both banks taking a 50% stake and expecting sizable after-tax gains; Moneris says the buyer will help modernize payments for Canadian merchants. Dividend Reset Watch: TELUS and BCE both cut dividends to improve financial stability, pushing yields to about 5.6% and shifting focus to deleveraging rather than near-term payout growth. AI Data Centre Buildout: Bell Canada’s 300-megawatt AI data centre near Regina is underway, with Behlen Industries supplying large pre-engineered buildings—another sign Canada’s power-and-infrastructure race is accelerating. Oil Sands Profit Pressure: Oil sands producers reported $13.3B in quarterly profit amid Middle East-driven price spikes, renewing debate over who benefits and who pays at the pump. Sanctions on Defence Supply Chains: Canada imposed sanctions on Streit Group, citing reports that its armoured vehicles have been used by Russia and a Sudanese militia. Markets & Policy: Investors look ahead to key inflation and economic releases, while currency moves and geopolitical risk keep traders on edge.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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