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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.

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