Latest Business News
Orbit Garant Reports Strong Fiscal 2026 Q2 Results
Orbit Garant announced Q2 2026 revenue growth with international revenue up 12.1% to $14.1 million due to increased drilling in Chile and Guyana. Adjusted EBITDA rose to $5.1 million from $4.5 million, and net earnings hit $1.3 million or $0.03 per share.
A conference call is scheduled for February 12, 2026, at 10:00 a.m. ET.
US and India Reach Historic Trade Agreement
US President Trump hailed the interim US-India trade deal after a year of negotiations, reducing US duties on Indian exports like textiles from 50% to 18%. India pledges zero tariffs on key US products and $500 billion in US goods purchases, seen as aspirational.
The deal may disrupt global oil markets if India stops Russian oil imports.
Multiple Companies Set for Pre-Market Earnings on February 12
Firms like Brookfield (BN), Howmet (HWM), AEP, ZTS, CBRE, EXC, ETR, ALNY, PCG, IRM, and FTS report Q4 2025 earnings before market open. Analysts forecast BN EPS at $0.61, down 8.96% YoY, while HWM and ALNY show strong past beats.
High P/E ratios indicate expected growth over industry peers.
Canada Housing Market Faces Possible 2026 Recession
Experts warn Canada's housing sector risks recession amid economic pressures, as discussed in recent Business Matters segment. This comes alongside calls for tax relief for laid-off GM workers by Poilievre.
Broader concerns include US trade threats impacting cross-border projects.
Plug Power Accelerates Special Stockholders Meeting
Plug Power rescheduled its reconvened special meeting to February 12, 2026, at 4:00 p.m. ET. The virtual session addresses key shareholder matters amid ongoing business developments.
Investors should register promptly for participation.
US Job Market Shows Weakness with Rising Layoffs
January data reveals 28,392 dismissals due to market conditions and 20,044 from restructuring, per Challenger report. Only 7,624 linked to AI, contrasting 54,836 for all of 2025.
This signals broader economic softening.
Trump Pushes Coal Exports via India Trade Deal
Trump emphasized the US-India pact as boosting American coal exports, calling US coal the world's finest. Deals with Japan, Korea, and India aim to ramp up energy exports.
This aligns with US becoming top global energy producer.
Foreign Investment Pledges in US Reach $5 Trillion
Peterson Institute notes ~$5 trillion in US investment pledges over 10 years from various countries. Aims to boost manufacturing and energy, but tariffs raise US costs.
Falling oil prices challenge energy investments despite data center power needs.
Eurozone Inflation Eases Amid Global Shifts
Deloitte reports easing Eurozone inflation alongside US-India trade progress and job market data. Kevin Warsh's views echo Greenspan-style policy potential.
These factors shape weekly global economic outlook.
Air Canada Suspends Cuba Flights Over Fuel Shortage
Air Canada halted flights to Cuba due to ongoing fuel shortages, impacting travel operations. This business disruption highlights regional supply chain issues.
Related Canadian mining incident in Mexico adds to sector risks.
Ontario Urged to Back US Booze Ban Amid Bridge Threat
Ford calls to 'double down' on supporting US alcohol ban facing Trump's Gordie Howe Bridge threat. This underscores escalating US-Canada trade tensions.
Ties into broader economic policy debates.