TODAY IN CANADA

Earnings (1Q):

ADENTRA Inc

Algoma Steel

Ballard Power

Cameco Corp.

Colliers Intl

Curaleaf Hldgs

DPM Metals Inc.

Hammond Pwr

iA Fincl

IAMGOLD Corp.

Intact Fin.

Intl Petroleum

K-Bro Linen Inc

Pan Amer Silver

Russel Metals

Shopify Inc.

SSR Mining

Suncor Energy

Telesat Corp.

Thomson Reuters

Timbercreek Fin

Topaz Energy

Triple Flag

Economic Indicators (ET):

0815 Official International Reserves for April

0830 International merchandise trade for March

0930 Canada Services PMI for April

Stocks to Watch:

Cargojet 1Q Adj EPS CAD 0.60; FactSet Est. CAD 0.83; 1Q Adj EBITDA CAD 81.9M; 1Q Net Income CAD 4.1M; 1Q Revenue CAD 254.7M; FactSet Est. CAD 244.2M; 1Q EPS CAD 0.27; 1Q Adj EBITDA Margin 32.2%; 1Q Adj Net Income CAD 8.9M; 1Q Free Cash Flow CAD 87.4M

Fidelity National: Working With Anthropic to Bring Agentic AI to Banking, Beginning With Financial Crimes AI Agent; BMO, Amalgamated Bank to Be Among First to Deploy Agent; Broader Availability of Agent Planned for 2H

International Petroleum Corp. 1Q Free Cash Flow Loss $17.1M; 1Q EBITDA $64.3M; 1Q Revenue $173M; 1Q Gross Profit $37.2M; 1Q Net Income $12.8M; Reports 1Q Revenue of $173 Million

InterRent Real Estate Investment Trust 1Q Adj FFO CAD 3.83M; 1Q Net Loss CAD 4.05M; 1Q FFO CAD 6.98M; Reports 1Q Adj FFO of CAD 3.83 Million

Labrador Iron Ore 1Q EPS C$0.21; 1Q Rev C$35.9M

Parex Resources Provides Update On The Acquisition Of Frontera E&P; Announces Expansion of Ecopetrol Strategic Partnership With Addition of Producing Assets in Magdalena Basin; Sees Earning 50% Participating Share in Casabe, Llanito Blocks; Share in Exchange for Commitment to Invest Gross Capital Program of $250M Over Five Years

TMX Group 1Q Revenue CAD 488.2M; FactSet Est. CAD 480.4M; 1Q Operating Expenses CAD 249.6M; 1Q Operating Income CAD 238.6M; 1Q Adj EPS CAD 0.65; FactSet Est. CAD 0.59; 1Q EPS CAD 0.80; FactSet Est. CAD 0.50 (2 Est.)

Wajax Corp 1Q Basic EPS C$0.82; 1Q Rev C$502.1M; 1Q Adj EPS C$0.67; Continues to See Solid Customer Demand in the Mining and Energy Sectors; Mining Demand Is Supported by a Backlog That Includes One Large Mining Shovel Scheduled for Delivery Within the Next Four Quarters; Market Conditions in Other Sectors Remain Mixed Across Regions, With Ongoing Macroeconomic Softness and Uncertainty Related to Canada-U.S. Tariff and Trade Dynamics

Other News:

Bank of Canada Gov. Macklem Vows Action If Affects From High Energy Prices Spread

Market Talk:

New Canada Fund May Require Capital From Pension Plans

Expected Major Events for Tuesday

06:00/JPN: Mar Revised Machine Tool Orders

08:00/UK: Apr UK monthly car registrations figures

12:15/CAN: Apr Official International Reserves

12:30/CAN: Mar International merchandise trade

12:30/US: Mar U.S. International Trade in Goods & Services

12:55/US: 05/02 Johnson Redbook Retail Sales Index

13:30/CAN: Apr Canada Services PMI

13:45/US: Apr US Services PMI

14:00/US: Feb New Residential Sales

14:00/US: Mar New Residential Sales

14:00/US: Mar Job Openings & Labor Turnover Survey

14:00/US: Apr ISM Report On Business Services PMI

14:00/US: May RCM/TIPP Economic Optimism Index

17:59/UK: Mar Adzuna UK Job Market Report

20:30/US: API Weekly Statistical Bulletin

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Expected Earnings for Tuesday

AGCO Corp (AGCO) is expected to report $0.40 for 1Q.

Angel Oak Mortgage REIT Inc (AOMR) is expected to report $0.29 for 1Q.

Aptiv PLC (APTV) is expected to report for 1Q.

Ball Corp (BALL) is expected to report $0.80 for 1Q.

BellRing Brands Inc (BRBR) is expected to report $0.31 for 2Q.

Bogota Financial Corp (BSBK) is expected to report for 1Q.

Cameco Corp (CCJ,CCO.T) is expected to report $0.47 for 1Q.

Cummins Inc (CMI) is expected to report $5.62 for 1Q.

Donnelley Financial Solutions Inc (DFIN) is expected to report $1.20 for 1Q.

DuPont de Nemours Inc (DD) is expected to report $0.49 for 1Q.

Ecovyst Inc (ECVT) is expected to report for 1Q.

Fiserv Inc (FISV) is expected to report $1.05 for 1Q.

Frontier Group Holdings Inc (ULCC) is expected to report $-0.34 for 1Q.

Graphic Packaging Holding Co (GPK) is expected to report $0.02 for 1Q.

Harley-Davidson Inc (HOG) is expected to report $0.27 for 1Q.

Haverty Furniture Cos Inc (HVT,HVTA) is expected to report $0.24 for 1Q.

Henry Schein Inc (HSIC) is expected to report $0.85 for 1Q.

IDEXX Laboratories Inc (IDXX) is expected to report $3.41 for 1Q.

Integra LifeSciences Holdings Corp (IART) is expected to report $0.14 for 1Q.

KKR & Co Inc (KKR) is expected to report $1.23 for 1Q.

Leonardo DRS Inc (DRS) is expected to report $0.19 for 1Q.

LiveWire Group Inc (LVWR) is expected to report for 1Q.

Netlist Inc (NLST) is expected to report $-0.04 for 1Q.

Oaktree Specialty Lending Corp (OCSL) is expected to report $0.37 for 2Q.

Ocular Therapeutix Inc (OCUL) is expected to report $-0.31 for 1Q.

Oil States International Inc (OIS) is expected to report $0.07 for 1Q.

Onity Group Inc (ONIT) is expected to report $2.37 for 1Q.

PayPal Holdings Inc (PYPL) is expected to report $1.24 for 1Q.

Pfizer Inc (PFE) is expected to report $0.57 for 1Q.

Procore Technologies Inc (PCOR) is expected to report $-0.09 for 1Q.

Public Service Enterprise Group Inc (PEG) is expected to report $1.43 for 1Q.

Repligen Corp (RGEN) is expected to report $0.18 for 1Q.

Revvity Inc (RVTY) is expected to report $0.36 for 1Q.

Scorpio Tankers Inc (STNG) is expected to report $2.69 for 1Q.

Sotera Health Co (SHC) is expected to report $0.12 for 1Q.

Summit State Bank (SSBI) is expected to report for 1Q.

Thomson Reuters Corp (TRI,TRI.T) is expected to report for 1Q.

Westlake Chemical Partners LP (WLKP) is expected to report $0.43 for 1Q.

Westlake Corp (WLK) is expected to report $-0.15 for 1Q.

inTEST Corp (INTT) is expected to report $0.04 for 1Q.

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ANALYST RATINGS ACTIONS

Advanced Micro Devices Cut to Hold From Buy by HSBC

agilon health Cut to Underweight From Neutral by JP Morgan

Airbnb Raised to Outperform From Perform by Oppenheimer

Alexandria Real Estate Cut to Neutral From Outperform by Baird

Alphabet Cut to Hold From Buy by Freedom Broker

Casella Waste Systems Raised to Overweight From Equal-Weight by Barclays

Celcuity Raised to Buy From Neutral by HC Wainwright & Co.

Esperion Therapeutics Cut to Hold From Buy by Needham

Essex Property Raised to Overweight From Neutral by Piper Sandler

FibroBiologics Cut to Hold From Buy by Maxim Group

GlobalFoundries Raised to Overweight From Neutral by Cantor Fitzgerald

International Paper Raised to Overweight From Equal-Weight by Wells Fargo

O-I Glass Raised to Overweight From Equal-Weight by Wells Fargo

Packaging Corp of America Raised to Buy From Hold by Deutsche Bank

Prudential Financial Cut to Underweight From Equal-Weight by Morgan Stanley

Safehold Cut to Sector Perform From Outperform by RBC Capital

SiteOne Landscape Supply Raised to Buy From Hold by Stifel

Targa Resources Cut to Neutral From Buy by Seaport Global

Trade Desk Raised to Neutral From Underperform by Wedbush

Vital Farms Cut to Neutral From Buy by DA Davidson

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

May 05, 2026 06:16 ET (10:16 GMT)

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