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  • Writer's pictureLucas Friesen

Market Summary: February 28, 2024

The TSX dropped 75.13 points. Bitcoin is up $3,501 (U.S.) to $62,440 (U.S.) per bitcoin. Here is your market summary for Februrary 28, 2024.


The RBC logo. A blue crest with white lettering and a yellow outline of a lion holding the globe. The lion's eye is a heart.

Royal Bank of Canada has $1.97T in assets and liabilities. It earned $3.58B on revenue of $13.48B in the quarter ended Jan. 31, 2024. It earned $3.13B on revenue of $13.35B in the quarter ended Jan. 31, 2023. It has $74.34B in cash and due from banks. It will pay a quarterly dividend of $1.38 per common share on May 24. Market cap: $184.45B.


National Bank of Canada has $433.92B in assets and liabilities. It earned $922M on revenue of $2.71B in the quarter ended Jan. 31, 2024. It earned $876M on revenue of $2.56B in the quarter ended Jan. 31, 2023. It has $37.39B in cash and equivalents. It will pay a quarterly dividend of $1.06 per common share on May 1. Market cap: $35.97B.


Telus Corp. has hired Vevo as its direct ad sales representative for Canada. Using Telus’s reach, Vevo can now offer advertisers its library of music video content on major TV platforms and streaming services. Telus market cap: $34.69B.


WSP Global Inc. has $15.83B in assets and liabilities. It earned $553M on revenue of $14.43B in 2023. It earned $434.7M on revenue of $11.93B in 2022. It has $361.9M in cash and equivalents net of bank overdraft. It expects net revenue between $11.2B and $11.7B in 2024. Market cap: $26.52B.


George Weston Ltd. has $49.77B in assets and liabilities. It earned $2.62B on revenue of $60.12B in 2023. It earned $2.8B on revenue of $57.04B in 2022. It has $2.45B in cash and equivalents. It will pay a dividend of $0.713 per common share on April 1. Market cap: $24.01B.


Endeavour Mining PLC had a contractor die at its Mana mine, Burkina Faso, yesterday. The company said the contractor sustained injuries in “an incident that occurred during maintenance activities.” Underground mining has halted temporarily as the incident is investigated. Processing activities continue. Market cap: $5.42B.


Capital Power Corp. has $11.15B in assets and liabilities. It earned $737M on revenue of $4.06B in 2023. It earned $128M on revenue of $2.71B in 2022. It has $1.42B in cash and equivalents. It will pay a dividend of $0.615 per common share on April 30. Market cap: $4.9B.


Tamarack Valley Energy Ltd. has $4.2B in assets and liabilities. It earned $94.19M on revenue of $1.4B in 2023. It earned $345.19M on revenue of $1.18B in 2022. Its gross proved plus probable reserves are 224.27 billion barrels of oil equivalent. It expects to produce between 61,000 and 63,000 boe per day in 2024. Market cap: $1.84B.


MDA Ltd. has $2.16B in assets and liabilities. It earned $48.8M on revenue of $807.6M in 2023. It earned $26.3M on revenue of $641.2M in 2022. It has $22.5M in cash. It expects revenue between $950M and $1.05B in 2024. Market cap: $1.69B.


Fiera Capital Corp. has $1.28B in assets and liabilities. It earned $66.27M on revenue of $686.64M in 2023. It earned $31.52M on revenue of $681.43M in 2022. It has $65.6M in cash and equivalents. It has $161.7B in assets under management. Market cap: $683.84M.


Mind Medicine (MindMed) Inc. has $124.54M in assets and liabilities. It spent $52.12M on research and development in 2023. It spent $36.16M on R&D in 2022. It has $99.7M in cash and equivalents. Market cap: $299.67M.

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