TSX:CVE
TSX:CVEOil and Gas

Cenovus Energy (TSX:CVE) Faces 10% Drop After S&P/TSX Index Removal

Cenovus Energy (TSX:CVE) recently experienced a notable development as it was removed from the S&P/TSX Preferred Share Index. This index removal, coupled with broader market turmoil triggered by global tariff tensions, has reflected in a 10% drop in its share price over the past month. The energy sector has been under pressure amid falling oil prices, with West Texas Intermediate futures dropping nearly 7%, contributing further to the company's recent performance. These market dynamics,...
TSX:CNQ
TSX:CNQOil and Gas

Canadian Natural Resources (TSX:CNQ) Lifts Dividend By 4% To C$1

Canadian Natural Resources (TSX:CNQ) recently announced a 4% increase in its quarterly dividend, raising it to CAD 0.5875 per share, alongside reporting a decline in both quarterly and annual earnings compared to the previous year. During this period, the company's stock price remained relatively flat, contrasting significantly with the broader market turmoil, as the Dow and Nasdaq experienced steep declines following new tariffs announced by the U.S. administration. While the overall market...
TSX:MFC
TSX:MFCInsurance

Executive Changes At Manulife Financial (TSX:MFC) Amid CEO Appointments

Manulife Financial (TSX:MFC) experienced significant executive changes recently with Steve Finch appointed as President and CEO of Manulife Asia, effective May 9, 2025, and Phil Witherington transitioning to the role of Global President and CEO. These leadership shifts at a crucial time may have influenced investor sentiment, possibly contributing to the company's 8% decline over the past month. The broad market, which fell 9.5% during recent tariff-induced volatility, also impacted...
TSX:CCO
TSX:CCOOil and Gas

Cameco (TSX:CCO) Declines 10% Over Last Week as U.S.-China Trade Tensions Surge

Cameco (TSX:CCO) experienced a 10% decline over the past week, amidst a backdrop of broad market turmoil. The significant market downturn, driven by escalating global trade tensions with the U.S. unveiling and China reciprocating tariffs, hit various sectors hard. This trade war climate contributed to a steep selloff across major stock indexes, with the S&P 500 and Nasdaq showing substantial losses. Such overarching market conditions often affect companies like Cameco, particularly as global...