North American Morning Briefing: Stock Futures Rise on Optimism for Quick End to War -2-

The U.A.E. is lobbying for a United Nations Security Council resolution that would authorize such action, the officials said. Emirati diplomats have urged the U.S. and military powers in Europe and Asia to form a coalition to open the strait by force, the officials said. A U.A.E. official said the Iranian regime thinks it is fighting for its existence and is willing to bring the global economy down with it in a chokehold on the strait.

Hegseth Doubles Down on Iran Pressure

Defense Secretary Pete Hegseth said the coming days of the war with Iran will be decisive, adding that the U.S. would "negotiate with bombs" until Tehran relinquishes its ambitions.

"Iran knows that, and there's almost nothing they can militarily do about it," he said at a briefing on Tuesday.

Write to priscila.barrera@wsj.com

TODAY IN CANADA

Earnings:

Cardiol Therapeutics 4Q

D2L Inc. 4Q

Groupe Dynamite 4Q

Novagold Resources 1Q

Tilray Brands 3Q

Economic Indicators (ET):

930 Mar Canada Manufacturing PMI

1330 Bank of Canada summary of monetary policy deliberations

Stocks to Watch:

Accord Financial 4Q Rev C$14.4M; 4Q Loss/Shr C$2.96; 4Q Adj Loss/Shr C$1.39

Algoma Steel Group Inc. Provides Guidance for the 1Q 2026; Total Steel Shipments for 1Q Are Expected to Be Approximately 220,000 Tons and Adjusted EBITDA Is Expected in the Range of Negative C$25M to Negative C$35M; Guidance for Expected Adjusted EBITDA Includes Benefit of a Capacity Utilization Adjustment That Is Expected in Range of C$90M to C$95M

Allied Gold 4Q Net Loss $23.6M; 4Q Adj Net Income $69M; Reports 4Q Adj Net Income of $69 Million; Hldrs Approve Arrangement With Zijin Gold

Aptose Biosciences FY Loss/Shr $10.41; FY Net Loss $25.5M; Reports FY Loss/Shr of $10.41

AutoCanada Finalized National Advertising Partnership With AutoTrader.ca

Denarius Metals 4Q Net Loss $10.2M; Reports 4Q Net Loss of $10.2 Million

Digi Power X FY Net Loss $28.4M; Reports FY Net Loss of $28.4 Million

Dollarama Prices Offering of C$750M in Senior Unsecured Notes; to Issue C$375M of 3.940% Notes Due 2031; to Issue C$375M of 4.576% Notes Due 2036; Offering Expected to Closed April 2

Dye & Durham Adopt Shareholder Rights Plan

Eastern Platinum 4Q Operating Loss $7M; 4Q Net Loss $7.5M; 4Q Revenue $22.3M; 4Q Mine Operating Income $6.3M; Reports 4Q Revenue of $22.3 Million

Element Nominates Keith Taylor for Election to the Bd of Directors

Enthusiast Gaming Holdings Delays Annual Filings; Expects External Auditor to Finalize Audit Procedures No Later Than April 13

Goeasy 4Q Operating Loss CAD 283.3M; 4Q Adj Loss/Shr CAD 8.93; FactSet Est. Loss CAD 8.14; 4Q Net Loss CAD 336.9M; 4Q Loss/Shr CAD 20.49; FactSet Est. Loss CAD 5.66; 4Q Adj EPS Misses Estimates

High Arctic Energy 4Q Rev C$2.99M; 4Q Loss/Shr C$0.01

High Liner Foods Announces Organizational Changes and Provides Update on 1Q Outlook; Changes Resulted in 35 Departures From Organization, Representing Approximately 9% of North Amer Office Workforce; Actions Are Part of Initiatives Already Under Way, Including Disciplined Margin Management, Cost Reduction, and Supply Chain Efficiency Efforts; Actions Intended to Mitigate Impact of Sustained Pressure From Rising Inflation, Tariffs, Higher Input Costs; Confident Actions Will Support Return to Yr-Over-Yr Adjusted EBITDA Growth for Fiscal 2026; Current Estimates Indicate 1Q Results Will Be Modestly Below the Prior Year

Mountain Province Diamonds 4Q Operating Loss CAD 156.7M; 4Q Loss/Shr CAD 0.71; 4Q Sales CAD 45.7M; 4Q Net Loss CAD 151.6M; Reports 4Q Loss/Shr of CAD 0.71

Prairie Provident Resources 4Q Rev C$7.7M; 4Q EPS C$0.10

RFA Financial Receives TSX Approval for Normal Course Issuer Bid; TSX Approved Normal Course Issuer Bid for Up 2.33M Shrs, Representing 5% of Issued and Outstanding Common Shrs

VIQ Solutions 4Q Adj EBITDA $1.8M; 4Q Adj Operating Loss $9.3M; 4Q Revenue $10.6M; FactSet Est. $10.9M (1 Est.); 4Q Gross Margin 49%; 4Q Revenue Under Estimates

Expected Major Events for Wednesday

00:30/JPN: Mar Japan Manufacturing PMI

05:00/JPN: Mar Auto sales

06:00/JPN: Feb Revised Machine Tool Orders

06:00/RUS: Mar Russian Manufacturing PMI

07:45/ITA: Mar Italy Manufacturing PMI

07:50/FRA: Mar France Manufacturing PMI

07:55/GER: Mar Germany Manufacturing PMI

08:00/ITA: Feb Unemployment

08:00/GER: ifo Joint Economic Forecast of German economic research institutes

08:30/UK: Mar S&P Global UK Manufacturing PMI

08:30/UK: Mar Narrow money (Notes & Coin) and reserve balances

11:00/US: 03/27 MBA Weekly Mortgage Applications Survey

12:15/US: Mar ADP National Employment Report

12:30/US: Feb Advance Monthly Sales for Retail & Food Services

13:30/CAN: Mar Canada Manufacturing PMI

13:45/US: Mar US Manufacturing PMI

14:00/US: Jan Manufacturing & Trade: Inventories & Sales

14:00/US: Mar ISM Report On Business Manufacturing PMI

14:30/US: 03/27 EIA Weekly Petroleum Status Report

15:00/US: Mar Global Manufacturing PMI

20:00/US: Mar Domestic Auto Industry Sales

23:50/JPN: Mar Monetary Base

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Expected Earnings for Wednesday

AquaBounty Technologies Inc (AQB) is expected to report for 4Q.

Aspira Women's Health Inc (AWHL) is expected to report for 4Q.

Bassett Furniture Industries Inc (BSET) is expected to report $0.19 for 1Q.

Blue Foundry Bancorp (BLFY) is expected to report $-0.10 for 4Q.

Cal-Maine Foods Inc (CALM) is expected to report $0.70 for 3Q.

Cenntro Inc (CENN) is expected to report for 4Q.

Conagra Brands Inc (CAG) is expected to report $0.40 for 3Q.

Franklin Covey Co (FC) is expected to report $0.03 for 2Q.

Lamb Weston Holdings Inc (LW) is expected to report $0.55 for 3Q.

Lyra Therapeutics Inc (LYRA) is expected to report for 4Q.

MSC Industrial Direct Co - A Share (MSM) is expected to report $0.81 for 2Q.

New Concept Energy Inc (GBR) is expected to report for 4Q.

NovaGold Resources Inc (NG,NG.T) is expected to report $-0.02 for 1Q.

Penguin Solutions Inc (PENG) is expected to report for 2Q.

Perpetua Resources Corp (PPTA.T) is expected to report for 4Q.

RCM Technologies Inc (RCMT) is expected to report $0.52 for 4Q.

Trilogy Metals Inc (TMQ,TMQ.T) is expected to report for 1Q.

UniFirst Corp (UNF) is expected to report $1.08 for 2Q.

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ANALYST RATINGS ACTIONS

10x Genomics Raised to Outperform From Market Perform by William Blair

Apellis Pharmaceuticals Cut to Hold From Buy by Needham

Highwoods Properties Raised to Equal-Weight From Underweight by Morgan Stanley

Humacyte Cut to Speculative Buy From Buy by Benchmark

Lincoln Electric Cut to Hold From Buy by Jefferies

Phreesia Cut to Hold From Buy by Truist Securities

Phreesia Cut to Neutral From Buy by Citigroup

Phreesia Cut to Neutral From Outperform by Baird

Phreesia Cut to Neutral From Overweight by JP Morgan

Plus Therapeutics Cut to Hold From Buy by D. Boral Capital

Rockwell Automation Cut to Hold From Buy by Jefferies

Shake Shack Raised to Neutral From Underperform by B of A Securities

Terns Pharmaceuticals Cut to Hold From Buy by Truist Securities

Theriva Biologics Raised to Buy From Hold by Maxim Group

This article is a text version of a Wall Street Journal newsletter published earlier today.

(END) Dow Jones Newswires

April 01, 2026 06:07 ET (10:07 GMT)