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Philip Morris Cuts Guidance Amid Zyn Challenges

Philip Morris International is increasing investment in its Zyn nicotine pouches, launching new variants like Zyn Ultra to defend market share amid tougher competition, while still delivering a Q2 revenue beat. At the same time, the company trimmed its full-year profit guidance for a third time due to adverse currency effects and higher costs from the global environment.

6 sources

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Rogers Reports Q2 Loss on MLSE Non-Cash Charge

Rogers Communications reported Q2 2026 revenue of about $5.6 billion, up 8%, with adjusted EBITDA up 3% but a net loss of $726 million attributable to shareholders after a $1.034 billion non-cash revaluation charge related to the MLSE stake deal. The company preserved its 2026 guidance for modest revenue and EBITDA growth, expects to close the MLSE acquisition this year, and plans capital expenditures of $2.5–$2.7 billion with free cash flow around $4.1–$4.3 billion along with strategic monetization of sports assets.

8 sources

TSX Drops 303 Points as June Inflation Data

Canada’s main stock index fell more than 300 points after Statistics Canada showed June inflation at 2.8%, with weaker consumer prices not providing a lift to equities as oil prices rose amid US-Iran tensions. Financial stocks led declines even as some tech and energy names advanced, and global oil prices and geopolitical risk kept pressure on markets.

5 sources