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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 687.280.0%4:00 PM EDT

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From: Johnny Canuck10/28/2025 12:09:25 PM
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The Daily Chase: Cameco and Brookfield in US$80 billion nuclear deal

Terry Cain

Here are five things you need to know this morning

Cameco, Brookfield sign US$80 billion deal: Shares of Canadian companies Cameco and Brookfield Asset Management traded higher in the pre-market after the companies entered a US$80 billion agreement with the U.S. government to accelerate the deployment of nuclear reactors. This deal is part of U.S. President Donald Trump’s plan to scale up America’s artificial intelligence industry, which he sees as vital for competing with China. Once constructed, the nuclear reactors are expected to generate reliable and secure power for American energy grids and data centres.

Celestica rides AI boom: Shares of Celestica traded sharply higher in the pre-market after the company reported better than expected third quarter results and raised guidance for 2025. The Toronto-based electronics manufacturer has been rising high on demand for artificial intelligence-related products. In its earnings report, the company said demand for AI data center infrastructure remains strong and it expects the demand to last at least through 2026 and 2027.

TMX Group beats estimates: TMX Group beat estimates in its latest quarter. The company reported revenue of more than $400 million, up 18 per cent from 2024. TMX also beat analyst estimates for earnings per share. The growth in organic revenue is largely attributed to an increase in derivatives trading, clearing and equities and fixed income trading. BNN Bloomberg will be speaking with the company’s CEO at 9:40 eastern time this morning.

Amazon cutting 14,000 jobs: Amazon is planning to lay off 14,000 workers in the coming months. Bloomberg is reporting that the jobs cuts will span multiple sectors from logistics and payments to video games and cloud services. This comes after Amazon’s CEO warned that artificial intelligence will shrink the company’s workforce. He says amazon’s workforce should be more automated and it still needs to cut some of the bloat it accrued in the COVID-era hiring binge.

PayPal teaming up with OpenAI: Shares of PayPal traded higher in the pre-market. The financial services company raised its earnings guidance and announced a new deal with OpenAI to embed its digital wallet into ChatGPT. Currently, ChatGPT users can use the program to find products. But the new deal with PayPal means consumers will be able to turn those searches into actual purchases.
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