HEADLINES

Aritzia Slips as Founder, Chair to Sell About C$200 Million Worth of Shares

Shares of Aritzia fell after founder and Executive Chair Brian Hill is set to sell a block of the retailer's shares worth about C$200 million, though he will remain its largest shareholder after the transaction.

The stock fell 6.3% to C$126.76.

The Canadian fashion retailer said Hill, along with entities he and his family directly or indirectly control, would sell about 1.54 million shares on a bought-deal basis.

The offering would be at a price of C$130.20 a share, for total C$200.1 million, which the company said would be used for estate-planning, investment-diversification and charitable-giving purposes.

West Fraser Timber Shares Rise as Raymond James Upgrades Stock on Better Lumber Market Outlook

West Fraser Timber shares rose after Raymond James analysts upgraded the stock, citing signs of a turnaround in lumber markets following a difficult 2025.

Shares traded nearly 3% higher at C$94.14.

Analyst Daryl Swetlishoff said in a note that he expects 2026 to mark a turning point for the sector, with lower valuations in the lumber industry, but improving supply conditions and new catalysts setting up a better backdrop. He lifted the rating on the stock to outperform from market perform.

Canaccord Genuity Buys Advisory Firm Carbon Reduction Capital

Canaccord Genuity bought renewable-energy sector adviser Carbon Reduction Capital in an effort to bolster its capital markets advisory business.

The Canadian financial services company said it has acquired Carbon Reduction through its U.S. capital markets arm. The value of the transaction wasn't disclosed.

Carbon Reduction provides merger and acquisition, project finance and capital-raising services in the U.S. across the renewable energy sector. Since its inception, the firm has executed about 415 transactions with an aggregate value of about $91 billion, Canaccord said.

Triple Flag Precious Metals Sees Quarterly Revenue Growth On Higher Precious Metals Prices

Triple Flag Precious Metals reported preliminary fourth--quarter results showing revenue growth, supported by higher gold and silver prices.

The precious metals miner said that revenue is expected to come in at $118.9 million, up from $74.2 million. According to FactSet, forecasts were for revenue of $121.6 million.

For full year 2025, Triple Flag said revenue is expected at $388.7 million on the back of selling 113,237 gold equivalent ounces, reaching the top half of its guidance.

Corus Entertainment Logs First-Quarter Loss Squeezed by Lower TV Advertising

Corus Entertainment swung to a loss in its first quarter as a prolonged advertising slump continued to weigh on the company during its restructuring.

The embattled Canadian media company posted a net loss of C$11.1 million for the three months ended Nov. 30, compared with a profit of C$11.9 million in the comparable quarter a year ago.

Revenue fell 18% to C$267.6 million. Television revenue, its largest contributor, took the biggest hit, falling 19% to C$245.1 million, while radio revenue fell 4% to C$22.5 million.

Bitfarms Appoints Edie Hofmeister as Chair

Bitfarms has appointed Edie Hofmeister to the role of board chair as the company prepares to shift its corporate domicile to the U.S.

Hofmeister brings over two decades of experience in legal affairs, corporate governance and business strategy to the energy and digital-infrastructure company, Bitfarms said.

Hofmeister first joined Bitfarms's board in November 2022, in that time serving as chair of the governance and nominating committee and of the environmental and social-responsibility committee.

TALKING POINT

Canada Needs to Recalibrate China Ties, Foreign Minister Says

By Paul Vieira

An upheaval in the global economic backdrop--spurred by President Trump's tariffs--requires Canada to reset its relationship with China, Canadian Foreign Minister Anita Anand told reporters in Beijing.

Anand arrived in China Wednesday, accompanying Prime Minister Mark Carney as he is in China for the remainder of the week, seeking to diversify Canada's export markets and reduce the country's reliance on trade with the U.S. to drive growth.

"The economic order is becoming rewired," she told reporters from Canada traveling with Carney. "That means that we are cognizant of the fact that the global economic environment has fundamentally changed and that Canada must diversify its trading partners."

Just over three years ago, Canada released an Asia-Pacific policy blueprint that singled out China for its coercive behavior. That was following a period of tense relations between Ottawa and Beijing, following Canada's role in the U.S. arrest of a senior Huawei executive. Further, a government-appointed inquiry concluded last year that China is an "active perpetrator" of state-based foreign interference in Canadian affairs.

But the arrival of Carney as prime minister and Trump's trade policies have ushered in a different tone on China relations.

Carney's trip emerges as both Chinese and Canadian officials work toward a resolution of a trade row involving hefty duties on Canadian agricultural products, most notably canola seed, and a 100% tariff from Ottawa on Chinese-made electric vehicles.

Anand said talks have been productive and are continuing, but she did not signal whether a resolution is in the offing.

"This is a new government with a new prime minister, a new foreign policy and a new geopolitical environment," Anand said. "In this moment of economic stress for our country, it is necessary for us to diversify our trading partners and to grow non-U.S. trade."

Write to Paul Vieira at [paul.vieira@wsj.com]

Expected Major Events for Thursday

00:01/UK: Dec RICS Residential Market Survey

07:00/GER: Dec WPI

07:00/UK: Nov UK trade

07:00/UK: Nov Index of production

07:00/UK: Nov Index of services

07:00/UK: Nov Monthly GDP estimates

07:45/FRA: Dec CPI

09:00/ITA: Nov Industrial Production

09:00/GER: Annual GDP - first provisional calculation

09:30/UK: 4Q Bank of England Credit Conditions Survey

09:30/UK: 4Q Bank of England Bank Liabilities Survey

11:00/ITA: Nov Foreign Trade EU

11:00/FRA: Nov OECD Harmonised Unemployment Rates

11:00/FRA: 3Q OECD Quarterly Labour Market Situation

12:30/UK: Dec NIESR Monthly GDP Tracker

13:30/US: Nov Import & Export Price Indexes

13:30/CAN: Nov Monthly Survey of Manufacturing

13:30/CAN: Nov Wholesale trade

13:30/US: Jan Empire State Manufacturing Survey

13:30/US: Jan Philadelphia Fed Business Outlook Survey

13:30/US: 1/10 Unemployment Insurance Weekly Claims Report - Initial Claims

13:30/US: U.S. Weekly Export Sales

15:30/US: 01/09 EIA Weekly Natural Gas Storage Report

21:00/US: Nov Treasury International Capital Data

21:30/US: Federal Discount Window Borrowings

21:30/US: Foreign Central Bank Holdings

All times in GMT. Powered by Onclusive and Dow Jones.

Expected Earnings for Thursday

Bank7 Corp (BSVN,GMAR.XX) is expected to report $1.05 for 4Q.

BlackRock Inc $(BLK)$ is expected to report for 4Q.

Citizens Financial Group Inc (CFG) is expected to report $1.10 for 4Q.

First Horizon Corp $(FHN)$ is expected to report $0.46 for 4Q.

Goldman Sachs Group Inc $(GS)$ is expected to report $11.64 for 4Q.

Hingham Institution for Savings $(HIFS)$ is expected to report for 4Q.

Insteel Industries Inc $(IIIN)$ is expected to report $0.32 for 1Q.

JB Hunt Transport Services Inc $(JBHT)$ is expected to report $1.82 for 4Q.

Morgan Stanley $(MS)$ is expected to report $2.39 for 4Q.

Petrotal Corp (TAL.T) is expected to report.

Richelieu Hardware Ltd (RCH.T) is expected to report $0.45 for 4Q.

Richtech Robotics Inc (RR) is expected to report $-0.04 for 4Q.

TRX Gold Corp (TRX,TRX.T) is expected to report for 1Q.

WaFd Inc $(WAFD)$ is expected to report $0.76 for 1Q.

Westamerica Bancorp $(WABC)$ is expected to report $1.07 for 4Q.

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

(END) Dow Jones Newswires

January 14, 2026 16:32 ET (21:32 GMT)

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