Calian to sell U.S. commercial IT business to Trace3 - BNN Bloomberg

A look at some small-cap stocks making news - or about to. Canada’s S&P/TSX Small Cap Index (TXTW-I) is up by about 20 per cent over the past 52 weeks. It hit a record 1,496.55 on June 2. The Russell 2000 in the U. S. is up about 10 per cent over the past 52 weeks and reached a high of 3,069.71 on Aug. 14. Small-cap summary: Kits Eyecare Ltd. (KITS-T) shares dropped about 7 per cent in Friday trading after the company said its co-founder, Joseph Thompson, has transitioned from chief operating officer to an advisory role. Some analysts described the move as a surprise. After markets closed on Thursday, the Vancouver-based company said co-founder, chair and CEO Roger Hardy continues in his roles, leading the company’s strategy, capital allocation, capital markets and long-term vision. Tai Silvey continues as president, a role he has held since April. Ibrahim Kamar continues as chief financial officer, a role he has held since April. Mr. Thompson founded Kits with Mr. Hardy eight years ago and helped grow the company to an annualized revenue run-rate of more than $250-million, with more than 1.1 million active customers, Cannacord Genuity analyst Luke Hannan wrote in a note. “Mr.

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A group of Nova Scotians gathered on the waterfront in Halifax on Saturday with a message for Premier Tim Houston: allowing the construction of a large data centre will be detrimental to the environment and the community. “These companies don’t have a lot of information that they’re able to give us, we don’t know what this is gonna look like, we already have wells that are drying up in the summertime. I don’t think we can afford to do this,” Megan Boudreau, one of the protest organizers, told Global News. Energy and infrastructure company, EverWind, announced on Friday $10 billion in private investment in a data centre campus at its existing Point Tupper site. The site would be leased and run by AI development company Anthropic, the creator of the AI assistant Claude. “Canadians are using Claude in growing numbers, and we want our infrastructure to be closer to the people who rely on it,” said Jacob Glick, head of Canada Public Policy with Anthropic. Story continues below advertisement

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