In the markets: Canada Agrees to 5%of GDP Spent on Defence
Plus: BlackBerry surges on profit; FedEx slumps; Bumble announces layoffs.
Canada Stock Digest - June 25, 2025
Market Overview
S&P/TSX Composite Index: Closed at 26,718.60 CAD, up 329.60 points or 1.25% for the day.
S&P/TSX Venture Composite Index: Closed at 712.52 CAD, up 5.11 points or 0.72% for the day.
NASDAQ Composite: Closed at 19,912.53 USD, up 669.92 points or 3.48% for the day.
Dow Jones Industrial Average (DJIA): Closed at 43,089.02 USD, up 783.54 points or 1.85% for the day.
S&P 500: Closed at 6,092.18 USD, up 156.24 points or 2.63% for the day.
Stock & Market News
S&P/TSX Composite Finishes Higher Despite Lower Oil Prices; U.S. Markets Up: Canadian and U.S. markets both ended higher, with energy gains offsetting a drop in oil prices. The Canadian Press
US Stock Futures Subdued as Middle East Tensions Cool, Powell in Focus: Markets remained cautious as geopolitical risks eased and attention turned to Fed Chair Powell’s upcoming comments. Reuters
Analyst Upgrades and Downgrades: BlackBerry beat Q1 expectations thanks to strong performance from its QNX and Secure Communications units, though RBC called the full-year guidance conservative due to auto market uncertainty. The firm raised its target to US$4. Parkland was downgraded to “tender” by National Bank after shareholders approved its sale to Sunoco, with analysts saying the upside is now priced in. Telus got a boost from TD Cowen, which highlighted the high growth potential of its health division ahead of a possible 2026 IPO, valuing it at up to $10 billion. Nevada King Gold saw a price target cut to $0.80 from Desjardins despite positive site visit impressions and strong drill results, while Kiwetinohk Energy was endorsed by ATB as a top small-cap pick with a $25–$30 fair value range. Lastly, BMO downgraded Triple Flag to “market perform,” saying recent stock gains make short-term upside more limited. The Globe and Mail
BlackBerry Posts Q1 Profit, Revenue Down as It Bought Back US$10M of Shares: BlackBerry reported a profit in Q1 despite lower revenue, supported by a US$10 million share repurchase. The Canadian Press
Parkland Shareholders Approve Sunoco Takeover, Management Board Slate: Parkland Corp. shareholders gave the green light to Sunoco’s acquisition proposal and the company's nominated board members. The Canadian Press
FedEx Shares Slide as Trade Turbulence Hits Demand, Profit Forecast: FedEx cut its earnings outlook as global trade uncertainty continues to weigh on shipment volumes. The Globe and Mail
Bumble Announces Layoffs as It Restructures for Efficiency: The dating app company is cutting jobs to streamline operations and improve profitability, causing shares to rise. CNBC
Rubrik Acquires AI Startup Predibase for Over $100 Million: The cloud data security firm is expanding its AI capabilities with the acquisition. CNBC
Tesla’s European Sales Slump for Fifth Month as EV Rivals Gain Momentum: Tesla continues to lose market share in Europe amid growing competition from local and Chinese electric vehicle makers. Reuters
General Mills Forecasts Downbeat Annual Profit on Macroeconomic Uncertainty: The food company cited cost pressures and economic headwinds as it lowered its profit expectations. Reuters
Burberry Shares Rise as Brokers Forecast Resilient Results: Shares in Burberry climbed after brokers projected stronger-than-expected results despite luxury market challenges. Reuters
Economic News
Oil Prices Rise on Iran-Israel Ceasefire: Crude markets climbed after a ceasefire between Iran and Israel reduced fears of further supply disruptions. The Globe and Mail
World News & Politics
NATO Meeting: Trump Pushes Defence Spending, Canada Agrees to 5% Target: Canada committed to spending 5% of GDP on defence as Trump urged allies to share more of the military burden. CNN CBC
Economic Events
Friday GDP
Recent Earnings
TSX
BlackBerry Ltd (BB)
Revenue reported at 166.72 MCAD, estimated at 156.67 MCAD
EPS reported at 0.03 CAD, estimated at −0.00 CADAGF Management Ltd (AGF.B)
Revenue reported at 99.21 MCAD, estimated at 142.01 MCAD
EPS reported at 0.39 CAD, estimated at 0.40 CAD
US Markets
FedEx Corporation (FDX)
Revenue reported at 22.2 BUSD, estimated at 21.74 BUSD
EPS reported at 6.07 USD, estimated at 5.82 USDPaychex, Inc. (PAYX)
Revenue reported at 1.43 BUSD, estimated at 1.44 BUSD
EPS reported at 1.19 USD, estimated at 1.19 USDCarnival Corporation (CCL)
Revenue reported at 6.33 BUSD, estimated at 6.21 BUSD
EPS reported at 0.35 USD, estimated at 0.25 USDGeneral Mills, Inc. (GIS)
Revenue reported at 4.56 BUSD, estimated at 4.59 BUSD
EPS reported at 0.74 USD, estimated at 0.71 USD
Fun Fact
🍓 Did you know that not all fruits ripen the same way after they’re picked? Some, like bananas, apples, and tomatoes, continue to ripen thanks to a plant hormone called ethylene—these are called climacteric fruits. Others, like strawberries, grapes, and citrus, are non-climacteric, meaning once they’re picked, they won’t get any sweeter or softer. That’s why a green banana can ripen on your counter, but a sour strawberry stays sour no matter how long you wait. It’s a handy trick to know when choosing what to buy ripe and what can finish ripening at home!
Investment Tip
🥤 LTV/CAC ratio (Lifetime Value to Customer Acquisition Cost) is the ultimate test of business efficiency in recurring revenue models. It compares how much a customer is worth over time to how much it costs to acquire them. A ratio of 3:1 or higher is the sweet spot—meaning the company earns $3 for every $1 spent. Too low? The model may be broken. Too high? The company might be under-investing in growth. It’s like owning a vending machine—if every $1 snack you stock brings back $3, you’re in business.
Have a great trading day! 😊
Disclaimer: The information provided in this newsletter is for educational purposes only and does not constitute financial advice. Always consult with a financial advisor before making investment decisions.