Here are four things you need to know this morning
Cautious outlook from Netflix: Shares of Netflix are trading lower in the pre-market. Fourth quarter results by the streaming giant largely beat estimates. However, the company issued a cautious forecast for the months ahead, citing higher program spending and the cost of closing its deal with Warner Brothers, which will add US$275 million in costs for 2026. According to its letter to shareholders, Netflix will pause share buybacks to accumulate cash for the acquisition.
Cenovus reportedly considering asset sale: Reuters is reporting Cenovus Energy is considering a sale of its oil and gas assets in Alberta worth about $3 billion. The Calgary-based company is looking to cut debt after its recent takeover of MEG Energy. Sources told Reuters, Cenovus has reached out to potential buyers in recent weeks to see if there is interest. The report notes plans are still at an early stage and Cenovus could ultimately decide to retain the assets.
GFL moving HQ to Miami: Canadian environmental services company GFL Environmental is moving its headquarters from Vaughan, Ont. to Miami, Fla. GFL’s CEO says the move gives the company broader U.S. opportunities, which currently make up two‑thirds of its revenue. The company will maintain shared service hubs in Ontario, with its incorporation remaining in the province.
Bell Let’s Talk Day on BNN Bloomberg: Today is Bell Let’s Talk Day. BNN Bloomberg is looking at themes of mental health in the workplace with Bailey Parnell, Founder and CEO of SkillsCamp, and Caitlin Morrison, Executive Director of Matthew Perry House.
