Winnipeg Free Press

Winnipeg Free Press (Newspaper) - October 21, 2025, Winnipeg, Manitoba B6 ● WINNIPEGFREEPRESS.COM BUSINESS I STOCKS TUESDAY, OCTOBER 21, 2025 Agnico Eagle Mines L 250.46 6.05 664 263.23 105.23 Alamos Gold Inc. 49.40 1.05 872 52.73 24.47 AltaGas Ltd. 42.60 0.13 757 43.81 32.02 AtkinsRéalis Group 97.72 0.13 379 106.38 59.47 Bank of Montreal 176.49 1.44 1,072 182.90 121.31 Bank of Nova Scotia 89.87 0.55 2,671 91.47 62.57 Barrick Mining Corpo 48.76 2.03 5,299 51.09 21.73 BCE Inc. 33.48 -0.51 3,220 46.59 28.73 BMO Aggregate Bond I 14.07 0.04 454 14.23 13.58 BMO MSCI EAFE Index 28.17 0.25 105 28.10 21.74 BMO S&P 500 Index ET 103.44 1.24 143 103.53 75.37 BMO S&P/TSX Capped C 40.70 0.40 123 41.20 29.70 Brookfield Infrastru 48.85 0.76 295 50.46 36.61 Brookfield Renewable 40.72 0.73 259 40.84 27.50 CAE Inc. 39.39 1.01 471 41.38 24.48 Cameco Corporation 120.53 -0.78 971 137.30 49.75 Canadian Imperial Ba 113.34 0.82 2,776 114.98 76.17 Canadian National Ra 133.81 -0.24 640 159.78 126.11 Canadian Natural Res 42.23 0.04 18,081 49.68 34.92 Canadian Pacific Kan 107.38 0.15 869 118.80 94.60 Canadian Tire Corpor 250.01 0.00 1 274.01 192.10 Canadian Tire Corpor 173.34 0.20 88 194.39 139.50 Capital Power Corpor 71.34 0.13 532 73.51 41.87 CCL Industries Inc. 76.30 -0.70 0 83.99 66.28 CCL Industries Inc. 76.68 -0.63 372 84.70 64.93 Cenovus Energy Inc. 23.82 0.28 5,743 25.97 14.48 CGI Inc. Class A Sub 122.12 0.09 294 175.35 120.63 Colliers Internation 223.13 2.05 57 236.07 146.61 Constellation Softwa 3709.99 -104.14 48 5300.00 3390.01 Constellation Softwa 119.50 0.29 108 122.99 112.99 Descartes Systems Gr 134.50 -0.29 111 177.98 126.88 Dollarama Inc. 183.00 0.03 390 198.66 132.37 Element Fleet Manage 37.08 -0.23 492 38.15 25.00 Emera Incorporated 69.11 0.01 593 69.34 49.46 Empire Company Limit 48.05 -0.10 447 58.32 39.23 Enbridge Inc. 66.24 0.26 6,310 70.39 55.53 Equinox Gold Corp. 17.16 0.30 2,999 18.15 6.93 Fairfax Financial Ho 2312.19 -15.15 73 2522.33 1715.00 Fairfax Financial Ho 1719.00 0.00 0 1785.63 1068.40 First Quantum Minera 31.01 -0.08 2,644 33.88 14.41 FirstService Corpora 257.73 1.04 85 290.34 220.39 Fortis Inc. 72.43 -0.04 1,340 72.56 57.98 Franco-Nevada Corpor 287.99 2.56 449 314.53 157.70 George Weston Limite 88.38 -0.77 390 93.62 70.92 Gildan Activewear In 84.03 -1.04 458 86.84 52.77 Great-West Lifeco In 57.88 0.10 982 59.36 44.89 Hydro One Limited 52.46 0.13 639 53.98 42.52 IGM Financial Inc. 53.85 0.89 274 54.99 38.89 Imperial Oil Limited 121.26 2.11 695 132.08 82.98 Intact Financial Cor 254.83 -3.79 507 317.35 250.28 iShares Core MSCI EA 46.52 0.43 126 46.44 35.61 iShares Core S&P 500 69.12 0.75 139 69.42 50.16 iShares Core S&P/TSX 48.53 0.51 336 49.15 35.41 iShares S&P/TSX 60 I 45.26 0.45 3,022 45.77 33.87 Ivanhoe Mines Ltd. 15.18 0.46 2,195 20.77 8.76 Kinross Gold Corpora 36.36 1.24 4,140 39.09 12.79 Loblaw Companies Lim 58.28 -0.90 1,014 59.70 42.75 Lundin Gold Inc. 115.15 8.15 1,498 109.00 29.42 Lundin Mining Corpor 21.89 0.54 2,312 22.20 8.94 Magna International 62.90 0.19 530 69.47 43.25 Manulife Financial C 44.71 0.37 3,707 46.42 36.93 Metro Inc. 95.78 -0.84 477 109.20 81.01 Molson Coors Canada 68.90 0.00 0 99.93 64.56 Molson Coors Canada 66.98 0.08 0 92.73 63.40 National Bank of Can 152.48 1.49 1,905 155.00 106.67 Open Text Corporatio 54.89 0.20 580 56.00 32.41 Ovintiv Inc. 50.90 0.51 92 66.67 42.35 Pan American Silver 55.22 1.35 1,175 59.73 28.50 Pembina Pipeline Cor 52.92 -0.18 1,715 60.72 48.35 Power Corporation of 61.38 0.72 1,448 62.95 41.88 RB Global Inc. 139.87 1.17 307 164.85 108.47 Restaurant Brands In 95.04 0.00 0 101.00 85.47 Restaurant Brands In 95.10 0.68 438 102.37 83.32 Rogers Communication 51.39 -0.81 1,675 54.45 32.42 Rogers Communication 52.01 -1.59 1 58.16 38.01 Royal Bank of Canada 206.21 1.94 3,515 206.90 151.25 Saputo Inc. 34.37 0.42 1,145 34.75 22.59 Shopify Inc. Class A 231.35 10.42 1,249 236.99 99.32 Sprott Physical Gold 46.73 1.59 428 46.30 27.53 Sprott Physical Gold 33.22 1.04 2 32.90 19.64 Sprott Physical Silv 24.58 0.43 305 25.50 13.81 Stantec Inc. 157.01 2.93 397 159.99 107.23 Sun Life Financial I 85.84 0.94 961 91.11 74.56 Suncor Energy Inc. 53.74 -0.30 4,851 60.48 43.59 TC Energy Corporatio 72.33 0.23 3,988 77.26 62.17 Teck Resources Limit 62.18 1.53 5 71.25 40.49 Teck Resources Limit 62.14 1.42 733 71.11 40.23 TELUS Corporation 21.14 -0.34 4,524 23.29 19.10 Thomson Reuters Corp 225.74 3.56 287 299.24 209.23 TMX Group Limited 49.71 -0.28 427 57.98 42.47 Toromont Industries 158.72 1.75 120 161.74 107.32 Toronto-Dominion Ban 112.07 1.01 5,440 114.24 73.22 Tourmaline Oil Corp. 60.77 1.68 1,742 70.83 55.40 Vanguard FTSE Canada 62.00 0.60 77 62.79 45.49 Vanguard S&P 500 Ind 167.65 1.98 220 167.75 121.61 Vanguard U.S. Total 126.21 1.59 62 126.25 91.60 Waste Connections In 244.20 2.19 145 284.73 236.00 Wheaton Precious Met 147.95 1.45 656 160.44 79.88 Whitecap Resources I 10.30 -0.15 4,993 11.30 6.87 WSP Global Inc. 281.22 4.76 163 291.46 217.42 VOLUME 52-WK 52-WK STOCK CLOSE CHG (000S) HIGH LOW (by market capitalization) TSX Top 100 MARK E T WAT CH Daily Mutual Movers Biggest gainers and losers base on percentage change in daily net asset value per share. Data supplied by Fundata. All Funds COMPANY CLOSE CHG Friedberg GblMacHdgFd U$ 14.83 6.25 Fid Adv Ether ETF Fd B 28.56 4.29 Mack Gld Bll Fd A 35.37 2.74 Ninepoint CrypAILeadS 19.25 2.68 NPT Gold Bullion Fd A 43.66 2.58 Mac GQE US Sm Cp A 11.18 2.54 CANL Prec Mtl Fd A 47.77 2.53 RBC Gbl Prec Mtls Fd A 136.36 2.53 RBC Japanese Equ Fd A 18.55 2.41 TD Precious Metals Fd Inv 132.84 2.28 CANL US SM Cap Gro Fd A 53.70 2.25 Ninepoint Silver Equ Fd A 16.88 2.17 NPT Energy Fund Ser A 27.41 2.11 Canadian Equity COMPANY CLOSE CHG Caldw Cdn Val Momntm Fd A 26.60 1.33 RBC O’Sh All-Cdn Eq Fd A 22.27 1.32 Fid CdnFundamentalEqM-A O 19.99 1.30 Mackenzie Cdn Eq Fd C 30.86 1.11 CL Cdn FdmntlEquA 18.27 1.11 RBC QUBE Cdn Equ Fd O 17.21 1.06 NCM Core Cdn Ser A 50.76 1.05 RBC Can Eq In ETF A 14.25 1.05 PH&N Vintage Fund Ser D 67.35 1.04 Fid Cdn Opport Fd B 39.65 1.03 PH&N Cdn Equ Pens Trust O 11.66 1.02 RBC Cdn Index Fd DZ 57.82 1.01 PH&N Cdn Equ Und Fd O 14.23 1.01 Canadian Fixed Income COMPANY CLOSE CHG Mack FPCan Fx In PtPA 10.38 0.26 Sym Fixed Inc Pf A 9.77 0.26 RBC Vision Fut Sol Bd O 10.09 0.25 NEI Fixed Income Pool I 9.28 0.24 CounselCanCoreFixIncSerO 9.12 0.24 En Cdn Bond Fund A 9.65 0.24 IAC Inh Bond SRI Fd B 9.37 0.24 NEI Cdn Imp Bd Fd A 10.22 0.24 SEI Cdn Fixed Income Fd O 10.78 0.24 BDQ Fix Inc Fund 10.63 0.24 Fid Prem Fix Inc PP B 10.59 0.24 RBC Bond Fund Series A 6.14 0.23 TD Cdn Bond Fd - Inv 12.80 0.23 Global Equity COMPANY CLOSE CHG Canadian Dollar 46,706.58 22,990.54 DOW NASDAQ S&P 500 S&P/TSX +515.97 +310.57 +71.12 +307.96 30,416.446,735.13 +0.39 +146.10-0.02 OIL GAS GOLD SILVER US$57.52 US$3.40 US$4,539.40 US$51.38 +1.28 DOLLAR 71.25¢ 0.00 30,000 30,500 29,500 31,000 29,000 DAILY CLOSE, PAST 30 DAYS I September October Manitoba Stocks Ag Growth Int’l Inc. 34.25 0.25 64,170 Artis Real Estate Investment Trust 6.04 0.02 95,620 BCE Inc. 33.48 -0.51 3,220,000 Bird River Resources Inc. - 0 0 Boyd Group Services Inc. 210.25 0.74 31,110 Exchange Income Corp. 77.92 0.67 91,150 FP Newspapers Inc. 0.82 - 0 Gossan Resources Ltd. 0.04 - 850 Great West Lifeco Inc. 57.88 0.10 981,560 Hudbay Minerals Inc. 23.06 0.07 1,150,000 IGM Financial Inc. 53.85 0.89 273,530 Kane Biotech Inc. 0.04 - 0 Medicure Inc. 1.09 - 0 NFI Group Inc. 13.82 -0.61 441,010 North West Co. Inc. New 46.29 -0.26 74,700 Pollard Banknote Ltd. 22.02 -0.26 8,130 Winpak Ltd. 41.53 -0.13 43,770 Marwest Apartment REIT 0.71 - 0 COMPANY CLSE CHG VOL COMPANY CLSE CHG VOL Futures Trading — Grain quotes CANOLA COMPANY OPEN HIGH LOW CLOSE YESTERDAY Nov ‘25 616.20 622.80 613.90 615.40 616.20 Jan ‘26 630.30 637.10 628.50 630.00 630.30 Mar 640.80 647.60 639.50 641.30 640.50 May 650.20 656.60 649.30 651.20 649.50 Jul 661.40 664.40 657.90 659.80 656.70 Nov 662.00 665.00 661.90 662.20 657.20 Jan ‘27 - 669.50 - 669.50 664.20 Mar - 672.60 - 672.60 667.30 May - 675.60 - 675.60 670.30 Jul - 682.40 - 682.40 677.10 Nov - 678.90 - 678.90 673.60 SOURCES: THE BANK OF CANADA, FUNDATA, ICE FUTURES CANADA, CME GROUP S&P/TSX Composite Index Foreign Exchange Rates These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Monday. Quotations in Canadian funds. Australian dollar 0.9136 Brazilian real 0.2611 Chinese renminbi 0.1971 European euro 1.6354 Hong Kong dollar 0.1807 Indian rupee 0.01597 Indonesian rupiah 0.000085 Japanese yen 0.00932 Mexican peso 0.0763 New Zealand dollar 0.8062 Norwegian krone 0.1396 Peruvian new sol 0.4159 Russian ruble 0.01738 Saudi riyal 0.3743 Singapore dollar 1.0849 South African rand 0.08134 South Korean won 0.000988 Swedish krona 0.149 Swiss franc 1.7721 Taiwanese dollar 0.0459 Turkish lira 0.0335 UK pound sterling 1.8828 US dollar 1.4036 A U.S. dollar cost $1.4036 based on Monday’s daily average Fidelity Dis Auto Cl B 12.50 1.75 NEI Gbl Growth Fund A 12.43 1.72 Fidelity Disrup Cl B 12.07 1.70 Mac Global Value Fd A 9.98 1.46 TD GloDiscEquAlpFd Inv 12.01 1.44 Lazard Glo Comp Fd A 24.22 1.43 TD Gbl Ent & Com Fd Inv 197.92 1.43 TD Gbl Equ Foc Fd Inv 23.64 1.42 CL Glo G Equ A 14.02 1.34 NEI Gbl Equity RS Fd A 19.25 1.30 Global Iman Fund Series A 48.56 1.28 NEI Glo Value Fd A 17.80 1.27 RBC O’Sh Gbl Equ Fd A 19.97 1.27 These companies will have headquarters or major operations in Manitoba. Closing values are as of the end of trading. Provided by Wellington-Altus Private Wealth. Molson Coors to cut 9% of Americas jobs by end of year CHICAGO — The Molson Coors Bev- erage Co. is cutting about 400 jobs across its Americas business in a bid to streamline costs amid a corporate restructuring. The beer maker says the cuts will go ahead by the end of the year and amount to nine per cent of its salaried workforce in the region. It says many of the positions are al- ready vacant, with voluntary severance part of the restructuring plan. Molson Coors, whose Canadian oper- ation is headquartered in Montreal, de- clined to break down the job losses by country, province or role. The move comes as beverage com- panies struggle with weaker consumer spending amid tariff uncertainty and higher costs. — The Canadian Press Iamgold to acquire Northern Superior, Mines D’Or Orbec TORONTO — Iamgold Corp. announced a pair of deals to help consolidate its holdings near its Nelligan and Monster Lake projects in the Chibougamau re- gion of Quebec. The company says it has signed an agreement to acquire Northern Superi- or Resources Inc. in stock-and-cash deal valued at about $375 million. Under the transaction, Northern Superior’s shareholders will receive 0.0991 of an Iamgold share and 19 cents in cash for each common share of Northern Superior. The offer implies a total value of $2.05 per Northern Su- perior share, based on the closing price of the Iamgold shares on the Toronto Stock Exchange on Oct. 17. The transaction will also include a concurrent distribution to Northern Su- perior’s shareholders of all the shares in ONGold Resources Ltd. currently held by Northern Superior. Under a second deal, Iamgold will ac- quire Mines D’Or Orbec Inc. in a stock- and-cash deal valued at $17.2 million, net of the 6.7 per cent stake it already holds in the company. Orbec shareholders will receive 6.25 cents and 0.003466 of an Iamgold share for each Orbec share they hold for a value of 12.5 cents per share. — The Canadian Press Disney+, Hulu cancellations rose after Kimmel tiff NEW YORK — Disney+ and Hulu sub- scription cancellations rose during the month that ABC briefly cancelled Jimmy Kimmel Live!, according to data from subscription analytics firm Antenna. Walt Disney Co. owns the streaming platforms and ABC. ABC pulled the show off the air for less than a week in September in the wake of criticism over his comments related the killing of U.S. conservative activist Charlie Kirk. Antenna estimates total cancellations in September were 4.1 million for Hulu and three million for Disney+. The “churn rate,” or the percentage of cus- tomers that cancel their subscriptions in a specific month, jumped from five per cent in August to 10 per cent in Sep- tember for Hulu. That figure jumped four per cent in August to eight per cent in September for Disney+. Antenna tracks U.S. consumer data. The data excludes subscribers in bundle deals. — The Associated Press EV battery maker CATL profit up 41% CONTEMPORARY Amperex Technol- ogy Co. Ltd.’s profit jumped in the third quarter, as the world’s largest maker of electric vehicle batteries defended its lead in China and pushed further into overseas markets. Net income for the period rose 41 per cent to 18.5 billion yuan (US$2.6 billion), the company said Monday. Revenue also climbed, but less than analysts expected. CATL maintained its global leadership with 36.8 per cent of installed EV bat- tery capacity in the first eight months of 2025, according to SNE Research. — Bloomberg News ‘Future of our energy sovereignty’: Petrobras to explore for oil near Amazon B RAZIL’S state-controlled energy company received approval to explore for oil near the mouth of the Amazon River, capping a yearslong standoff with environmental regulators over access to a basin thought to hold vast amounts of crude. Petroleo Brasileiro SA said in a filing Monday it received permission to drill one exploratory well in the Foz do Ama- zonas basin. “The drill is at the well site and drill- ing is scheduled to begin immediately, with an estimated duration of five months,” the company said in its filing. The world’s biggest oil companies have salivated for a decade over the prospect of drilling in the area, in deep Atlantic waters off Brazil’s north coast. It’s especially tempting for Petrobras as output from Brazil’s existing oil- fields is expected to peak around 2030. Yet environmentalists have fought bit- terly against the move, warning an oil spill could imperil the ecosystem at the Amazon’s mouth to the south. The Brazilian Institute of Environ- ment and Renewable Natural Resour- ces didn’t immediately respond to re- quest for comment. Petrobras shares rose less than one per cent Monday, reversing earlier declines. The approval to drill in the Foz do Amazonas comes less than one month before Brazil hosts the United Nations climate conference, COP30, under- scoring President Luiz Inacio Lula da Silva’s competing priorities of growing the nation’s economy while also cham- pioning the environment. “The Equatorial Margin represents the future of our energy sovereignty,” Brazil’s Mines and Energy minister Alexandre Silveira said in a statement. “Brazil cannot give up on knowing its potential.” While the basin is 530 kilometres from the river itself, environmentalists warn powerful currents could quickly drive any spilled oil into the delicate marine environment fed by the Ama- zon’s freshwater outflow, endangering the ecosystem and posing a threat to coastal indigenous populations that de- pend on the region for fishing. Exxon Mobil Corp.’s discovery of bil- lions of barrels further north in Guy- ana has boosted interest from oil giants in Foz do Amazonas and the wider re- gion known as the Equatorial Margin. Petrobras compares its geology to the Campos Basin in the southeast that made the company a leading offshore producer in the late 20th Century. More than 70 per cent of Brazil’s pro- duction is currently in a deep-water area known as the pre-salt, but Petro- bras and other explorers haven’t made any significant discoveries in more than a decade. A series of failed exploration cam- paigns in the pre-salt have put the long- term future of Brazil’s oil industry in doubt. Production is expected to peak around 2030 and then start declining unless Petrobras discovers more large fields. CEO Magda Chambriard has even warned about Brazil becoming a net importer in the 2030s. “Petrobras is running out of places to drill,” said Andre Fagundes, who covers Brazil for energy consultancy Wellingence Inc. “What other long-term prospects do they have in the pipeline?” In June, Brazil auctioned 19 out of 47 blocks offered in Foz do Amazonas, making it the most competitive of the five basins where acreage was avail- able despite environmental activists’ protests. Petrobras, Exxon Mobil Corp., and Chevron Corp. won exploration rights in the area, anticipating the na- tion’s environmental regulator would soon open the promising offshore oil region for drilling. — Bloomberg News MARIANA DURAO DADO GALDIERI / BLOOMBERG FILES A Petrobras drilling vessel anchored outside Rio de Janeiro. The Brazil company will spend five months exploring the Foz do Amazonas basin. ;