top of page
  • Writer's pictureLucas Friesen

Market Summary: February 9, 2024

The TSX gained 89.96 points today.


Enbridge Inc. earned $6.05B on revenue of $43.64B in 2023. It earned $2.93B on revenue of $53.3B in 2022. It has $5.98B in cash and equivalents. It has $180.31B in assets and liabilities. It has a market cap of $97.84B.


Telus Corp. earned $867M on revenue of $20.11B in 2023. It earned $1.71B on revenue of $18.41B in 2022. It has $56.13B in assets and liabilities. It has $864M in cash and temporary investments. It expects to spend approximately $2.6B in 2024. It has a market cap of $34.3B.


Fortis Inc. has $65.92B in assets and liabilities. It earned $1.71B on revenue of $11.51B in 2023. It earned $1.51B on revenue of $11.04B in 2022. It has $625M in cash and equivalents. It has a market cap of $25.55B.


Magna International Inc. expects sales between $43.8B (U.S.) and $45.4B (U.S.) in 2024. It expects to spend approximately $2.5B (U.S.) in 2024. It earned $1.28B (U.S.) on sales of $42.79B (U.S.) in 2023. It earned $641M (U.S.) on sales of $37.84B (U.S.) in 2022. It has $32.25B (U.S.) in assets and liabilities. It has $1.19B (U.S.) in cash and equivalents. Its market cap is $21.1B.


Telus International (Cda) Inc. earned $54M (U.S.) on revenue of $2.7B (U.S.) in 2023. It earned $183M (U.S.) on revenue of $2.18B (U.S.) in 2022. It has $4.82B (U.S.) in assets and liabilities. It has $127M (U.S.) in cash and equivalents. It has a market cap of $1.35B.


IsoEnergy Ltd. has closed a $23M private placement of 3.68 million flow-through shares at $6.25 per share. It will use the proceeds for exploration expenses. The shares are subject to a four-month-and-one-day hold. IsoEnergy has a market cap of $910M.


Canopy Growth Corp. has $1.35B in assets and liabilities, as of December 31, 2023. On March 31, 2023, it had $2.43B in assets and liabilities. It lost $216.79M on revenue of $90.06M in the quarter ended Dec. 31, 2023. It lost $264.37M on revenue of $96.98M in the comparable quarter. It has $142.74M in cash and equivalents. It has a market cap of $490.06M.


Uranium Royalty Corp. has closed a $22.86M (U.S.) bought deal offering of 6.72 million shares at $3.40 (U.S.) per share. It will use the proceeds to finance royalty acquisitions. Uranium Royalty has a market cap of $459.96M.


Caribbean Utilities Co. Ltd. has $777.8M (U.S.) in assets and liabilities. It earned $38.66M (U.S.) on revenue of $287.22M (U.S.) in 2023. It earned $33.17M (U.S.) on revenue of $267.33M (U.S.) in 2022. It has $3.98M (U.S.) in cash. It has a market cap of $423.13M.


Trilogy Metals Inc. has $138.02M (U.S.) in assets and liabilities. The company notes its investment in Amber Metals LLC as a $135.02M (U.S.) asset. It spent $7.22M (U.S.) in 20223. It spent $6.92M (U.S.) in 2022. It has $2.59M (U.S.) in cash. It has a market cap of $97.69M.


The Wall Street Journal reports that Venezuela has moved military vehicles to its border with Guyana. Venezuela has threatened to annex parts of its neighbour; specifically, where there are rich resources of offshore oil. It is a Cold War situation, with Venezuela getting armaments from Russia while Guyana, a small country with only 3,000 military members, looks to the U.S. for support. This will be an interesting development. Hopefully, nothing comes of it.

10 views0 comments

Recent Posts

See All
bottom of page