Here are five things you need to know this morning
Suncor’s increased production plan: Suncor Energy has identified 400,000 barrels per day of untapped production capacity at its existing facilities, enough to replace production at its Base Plant mine, which is expected to be depleted within a decade. The primary source of added production will come from a proposed expansion at Firebag, the company’s major oil sands facility. Andrew Bell is speaking with Suncor CEO Rich Kruger today – that interview is scheduled for 10:30 am ET, 7:30 a.m. PT today on BNN Bloomberg
U.S. targets ‘Buy Canadian’ policies: Provincial rules around alcohol and the federal government’s “Buy Canadian” policy have been flagged in a new report citing several trade irritants between Canada and the U.S.. The annual document prepared by the Office of the United States Trade Representative says market access barriers imposed by provincial liquor control boards “greatly hamper” exports of U.S. wine, beer and spirits to Canada. The document also raised concerns about the federal government’s “Buy Canadian” procurement policy that aims to ensure Canadian products and workers are prioritized in contracts worth $25 million or more.
‘Dynamite’ results for Montreal retailer: Fourth quarter profit for Groupe Dynamite more than doubled compared with a year earlier. Revenue rose by 45 per cent on increased in-store demand and strong online sales. The Montreal-based company also plans to expand its Garage brand into the U.K. this year. The retailer posted a strong outlook for revenue growth for the full year but cautioned for multiple risks including tariffs, decrease in customers, and failing to open new planned stores.
Goeasy loss deeper than expected: Goeasy logged a loss in the fourth quarter that was deeper than expected after the subprime lender surprised investors with a surge of bad debts in its vehicle financing business weeks ago. The Toronto-based firm says it expects loan write-offs to remain elevated for a while before getting better later in the year. The company says Goeasy’s long-term opportunity remains unchanged, but did not provide any earnings guidance.
Nike struggles continue: Shares of Nike plunged to an 11-year low in the pre-market, after the sportswear company gave a gloomy outlook for the year ahead. Revenue is expected to fall two to four per cent in the current quarter and continue to be in the low single digits for 2026. Nike is being impacted by elevated inventories in Europe and the Middle East, and traffic disruption from the war. Weakness in China and other markets also overshadowed strong results in North America.
