HEADLINES
Kneat.com Agrees to C$650 Million Takeover by Thoma Bravo
Kneat.com has struck a deal to be acquired by Thoma Bravo for roughly C$650 million.
The Toronto-listed digital validation and quality process automation company said it entered into a definitive arrangement that would see its shareholders receive C$6.50 a share in cash.
When the deal is completed, Kneat will become a private company and its shares will be delisted.
Kneat shares climbed 18.6% to C$6.43.
Kneat.com Unlikely to Draw Higher Bid, Analyst Says
GoGold Resources Shares Rise After Receipt of Final Permits for Mexico Mine
GoGold Resources shares rose after the company said it has secured the final federal permits and approvals for construction of its mine in Mexico.
Shares rose 7.9% to C$3.27.
The Halifax, Nova Scotia-based miner said the Mexican Federal Environmental Department has granted all permits and approvals required to construct the Los Ricos South bulk tonnage underground mine in Jalisco.
With the final permits in place, the company's board has approved a decision to begin construction of the project, which is expected to take two years to complete to reach first pour.
Canada to Offer Airlines Relief on Jet Fuel
Canada said it will make financing available to the country's air carriers to deal with higher airline fuel stemming from the conflict in the Middle East.
Finance Minister François-Philippe Champagne said under a new loan program, Canadian airlines facing "significant financial pressures" from higher fuel prices could access up to C$150 million in financing to alleviate the balance-sheet squeeze.
This is the latest effort by Canada to soften the blow from higher energy costs. In April, Canada waived vehicle-fuel taxes on a temporary basis, until Labor Day.
Badger Infrastructure Seen Rebuilding Momentum
Badger Infrastructure Solutions' latest results show a company steadily rebuilding credibility after a softer fourth quarter, said Frederic Bastien of Raymond James, who raised the target price on the stock to C$98 from C$77.
"We see this improving performance as proof that Badger's manufacturing and commercial strategies are delivering intended results," the analyst said, pointing to new truck builds ramping up on the back of higher demand in the first quarter.
Additionally, Bastien said efficiencies at the Red Deer Plant, driven by a sharpened focus on "building hydrovacs right the first time," are helping offset tariff and inflation pressures, while new branch openings in core U.S. markets are strengthening service for major customers.
Shares rose 5.7% to C$93.69.
Goeasy, Pet Valu Among Companies Removed From Canada's Main Stock Index
S&P Dow Jones Indices said late Friday that it is adding five companies to the S&P/TSX Composite Index and deleting five others after a quarterly review of stocks included in the broadest measure of the Canadian market, The Globe and Mail reported.
The index provider will add Altius Minerals Corp. (ALS-T), Extendicare Inc. (EXE-T), Hammond Power Solutions Inc. (HPS.A-T), Spartan Delta Corp. (SDE-T) and Southern Cross Gold Consolidated Ltd. (SXGC-T) to the S&P/TSX Composite Index, it said in a news release.
Goeasy Ltd. (GSY-T), Pet Valu Holdings Ltd. (PET-T), Transcontinental Inc. Class A Subordinate Voting Shares (TCL.A-T), Vital Infrastructure Property Trust (VITL.UN-T) and Winpak Ltd. (WPK-T) will be removed from the index, according to the news release.
The changes will be effective at the open of markets on June 22.
TALKING POINT
Gold Just Had its Worst Selloff Since March. A Floor May be $4,000, Says Veteran Strategist
By Barbara Kollmeyer, MarketWatch
While stocks had a hard day on Friday, a selloff also hit gold. Strategists say that the fall may be far from over.
Gold futures edged lower to $4335.90 an ounce on Monday, paring a bigger drop from earlier. On Friday, gold slumped 3% for its largest one-day percentage drop since March 26, and fell a weekly 4.9%, the biggest such drop since the week ending March 20, according to Dow Jones Market Data.
Gold dipped below a key technical level as well on Friday - its 200-day moving average of $4,443.4 per ounce, noted Ed Yardeni, founder of Yardeni Research. "We reckon the next support is at $4,000," he told clients in a note on Sunday. He added that they aren't giving up on their gold bullishness.
The veteran strategist has maintained that, once the Iran war is over, gold's rally should resume. He is targeting $5,500 by the end of this year and $10,000 by the end of the decade. Gold has dropped 0.2% this year after a rally of over 70% in 2025.
Gold's slump has followed Friday's better-than-expected May U.S. employment report, which reinforced the picture of a resilient economy that didn't need interest-rate cuts. As gold is a nonyielding asset, higher interest rates tend to work against it.
Ole Hansen, head of commodities strategy at Saxo Bank, said the technical picture has also gotten tougher for gold. He noted that investors had been piling in recently, with a sharp reduction in gross short positions - a bearish stance - combined with fresh buying of long or bullish positions.
That left gold "increasingly vulnerable to a technical setback once key support levels gave way."
Silver's losses were even bigger than gold's on Monday, with the commodity down 0.8% to $68.425 an ounce, after falling 6.5% on Friday, its biggest one-day percentage fall since May 15.
Expected Major Events for Tuesday
04:01/US: 3Q Manpower U.S. Employment Outlook Survey
06:00/GER: Apr Foreign Trade
06:00/GER: Apr Industrial Production Index
06:00/GER: 1Q Labour cost index
06:00/JPN: May Preliminary Machine Tool Orders
08:30/UK: 1Q Mortgage Lenders and Administrators Return (MLAR) statistics
10:00/US: May NFIB Index of Small Business Optimism
12:30/CAN: Apr International merchandise trade
12:30/US: Apr U.S. International Trade in Goods & Services
12:55/US: 06/06 Johnson Redbook Retail Sales Index
14:00/US: Apr Monthly Wholesale Trade
14:00/US: May Existing Home Sales
17:59/UK: 3Q Manpower UK Employment Outlook Survey
20:30/US: API Weekly Statistical Bulletin
23:01/UK: May UK Nations and Regions Growth Tracker
23:50/JPN: May Corporate Goods Price Index
All times in GMT. Powered by Onclusive and Dow Jones.
Expected Earnings for Tuesday
ADF Group Inc (DRX.T) is expected to report $0.28 for 1Q.
Academy Sports & Outdoors Inc $(ASO)$ is expected to report $0.86 for 1Q.
Anavex Life Sciences Corp (AVXL) is expected to report $-0.08 for 2Q.
Anixa Biosciences Inc (ANIX) is expected to report $-0.09 for 2Q.
Casey's General Stores Inc $(CASY)$ is expected to report $3.30 for 4Q.
Chaince Digital Holdings Inc $(CD)$ is expected to report for 4Q.
Cracker Barrel Old Country Store Inc $(CBRL)$ is expected to report $-0.46 for 3Q.
Designer Brands Inc (DBI) is expected to report $0.05 for 1Q.
Domo Inc $(DOMO)$ is expected to report $-0.41 for 1Q.
Ecolab Inc $(ECL)$ is expected to report $2.00 for 2Q.
Enghouse Systems Ltd (ENGH.T) is expected to report $0.34 for 2Q.
Fathom Holdings Inc (FTHM) is expected to report $-0.06 for 1Q.
JM Smucker Co $(SJM)$ is expected to report $2.57 for 4Q.
Lakeland Industries Inc $(LAKE)$ is expected to report $-0.15 for 1Q.
Lands' End Inc $(LE)$ is expected to report $-0.31 for 1Q.
Limoneira Co (LMNR) is expected to report $-0.22 for 2Q.
Nathan's Famous Inc $(NATH)$ is expected to report for 4Q.
SailPoint Inc $(SAIL)$ is expected to report for 1Q.
Scorpius Holdings Inc $(SCPX)$ is expected to report for 4Q.
Scully Royalty Ltd (SRL) is expected to report for Full year.
Skillsoft Corp $(SKIL)$ is expected to report for 1Q.
Titan Machinery (TITN) is expected to report $-0.74 for 1Q.
United Natural Foods Inc $(UNFI)$ is expected to report $0.55 for 3Q.
Uranium Energy Corp (UEC) is expected to report for 3Q.
Waldencast PLC $(WALD)$ is expected to report $-0.19 for 1Q.
Wins Finance Holdings Inc (WINSF) is expected to report for Interim.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
June 08, 2026 16:30 ET (20:30 GMT)
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