Indigo makes a strong comeback from the pandemic while Air Canada hits turbulence. Here are the past week’s winners and losers

Here are the past week’s stock winners and losers | The Star

n”,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”E Automotive stock chart”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Shares of E-Automotive have slumped more than 60 per cent in the past year, but saw a slight gain last week through a new deal. The Toronto-based company, and its brand EBlock, bought a Louisiana-based 1st Choice Auto Auction, an auction marketplace on June 1. 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The explosion of the #BookTok hashtag on TikTok, a corner of the social media platform dedicated to book lovers, helped the Toronto-based retailer attract younger customers. The success of Indigo’s strategies has proven fruitful as the retailer returned to profitability for the first time since 2019. “,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“text”:”BBTV Holdings (BBTV-T) +13.92%“,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“snippet”:”“,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”BBTV Holdings stock chart”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”The Vancouver-based digital media company is suffering the same fate as other emerging technology companies amid a poor economic outlook. In mid-June, BBTV Holdings announced it would cut 14 per cent of its workforce after its revenue declined by seven per cent year-over-year in the first few months of 2022. Yet, the small gain it posted could signify that BBTV is well-equipped to weather economic turbulence. “,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“type”:”ad”,”heading”:”ARTICLE CONTINUES BELOW”,”name”:”ArticleSecondBigBox”,”display”:”medium-down”,”pos”:”2″,”interstitial”:true,”sizes”:[[300,250]]},{“text”:”LOSERS“,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“type”:”articleRelatedInlinePrimary”},{“text”:”Bitfarms Ltd (BITF-T) -21.86%“,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“type”:”cta”,”buttonText”:”Sign Up Now”,”buttonLink”:”/emails.html?nsrc=article-inline-firstup-generic”,”description”:”Start your morning with everything you need to know, and nothing you don’t. Sign up for First Up, the Star’s new daily email newsletter.”,”title”:”Get more of what matters in your inbox”},{“snippet”:”“,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”Bitfarms stock chart”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”Bear markets are no fun. Rising interest rates are weighing on the prices of digital currencies, such as bitcoin, the price of which dropped below $19,000 (U.S.) and more than 70 per cent from a record $68,991 it logged last November. The cryptocurrency market’s downturn has swept up mining companies such as Toronto-based Bitfarms. In mid-June, Bitfarms sold almost half of its bitcoin for around $62 million to reduce its debt load.”,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“text”:”Alimentation Couche-Tard (ATD-T) -6.09%“,”type”:”text”,”isParagraph”:true,”isHeading”:false},{“type”:”relatedStories”,”relatedStories”:[]},{“snippet”:”“,”heading”:””,”fullWindow”:false,”fullBleed”:false,”showFullBleedOnMobile”:false,”headColor”:””,”type”:”html5mobile”,”textColor”:””,”mobileImageUrl”:””,”bgColor”:””,”imageUrl”:””,”registeredOnly”:false,”linkUrl”:””,”aodaTitle”:”Alimentation Couche-Tard stock chart”,”internalScroll”:false,”displayStyle”:”small-up”},{“text”:”With gas prices spiking and the cost of consumer products high, the Laval-based operator of convenience stores and gas stations is suffering from a double whammy. During a post-earnings conference call last week, Couche-Tard CEO Brian Hannasch, said customers aren’t filling up their fuel tanks as much. 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Canada’s top airline’s return to profitability — and the skies — has been a bumpy ride, to say the least.

  • Canada’s top airline’s return to profitability — and the skies — has been a bumpy ride, to say the least.
  • Canada’s top airline’s return to profitability — and the skies — has been a bumpy ride.

Stock surges and setbacks for the week ending July 1, 2022

WINNERS

E Automotive Inc (EINC-T) +18.87%

Shares of E-Automotive have slumped more than 60 per cent in the past year, but saw a slight gain last week through a new deal. The Toronto-based company, and its brand EBlock, bought a Louisiana-based 1st Choice Auto Auction, an auction marketplace on June 1. The deal would allow the Toronto-based company, which optimizes the experience of selling and purchasing vehicles online, to better serve customers in the southeastern part of the United States.

Indigo (IDG-T) +18.69%

Indigo owes its strong revenue growth and comeback from the pandemic to its retail channel and e-commerce business. The explosion of the #BookTok hashtag on TikTok, a corner of the social media platform dedicated to book lovers, helped the Toronto-based retailer attract younger customers. The success of Indigo’s strategies has proven fruitful as the retailer returned to profitability for the first time since 2019.

BBTV Holdings (BBTV-T) +13.92%

The Vancouver-based digital media company is suffering the same fate as other emerging technology companies amid a poor economic outlook. In mid-June, BBTV Holdings announced it would cut 14 per cent of its workforce after its revenue declined by seven per cent year-over-year in the first few months of 2022. Yet, the small gain it posted could signify that BBTV is well-equipped to weather economic turbulence.

LOSERS

Bitfarms Ltd (BITF-T) -21.86%

Bear markets are no fun. Rising interest rates are weighing on the prices of digital currencies, such as bitcoin, the price of which dropped below $19,000 (U.S.) and more than 70 per cent from a record $68,991 it logged last November. The cryptocurrency market’s downturn has swept up mining companies such as Toronto-based Bitfarms. In mid-June, Bitfarms sold almost half of its bitcoin for around $62 million to reduce its debt load.

Alimentation Couche-Tard (ATD-T) -6.09%

With gas prices spiking and the cost of consumer products high, the Laval-based operator of convenience stores and gas stations is suffering from a double whammy. During a post-earnings conference call last week, Couche-Tard CEO Brian Hannasch, said customers aren’t filling up their fuel tanks as much. And in Couche-Tard’s convenience stores, Hannasch remarked that some folks are opting for cheaper brands, such as switching from premium to budget beer.

Air Canada (AC-T) -5.46%

Canada’s top airline’s return to profitability — and the skies — has been a bumpy ride. Air Canada’s stock slid more than eight per cent, its biggest drop since March, after announcing “meaningful” cuts to its summer flight schedule. Airlines have been forced to delay or cancel flights altogether due to severe staffing shortages and pent-up travel demand. That, along with high fuel prices and overall economic uncertainty, has been weighing on Air Canada’s road to recovery.

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