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TSX:FFH 7 December 2025 - 9 January 2026

Fairfax Leads Race for IDBI Bank Stake Sale: December-End Bid Deadline Near as Kotak Stays in the Fray

Fairfax Leads Race for IDBI Bank Stake Sale: December-End Bid Deadline Near as Kotak Stays in the Fray

Fairfax Financial has emerged as the frontrunner to acquire a 60.72% stake in IDBI Bank from the Indian government and LIC, sources said. The stake, valued at nearly $7 billion, has also drawn a bid from Kotak Mahindra Bank. IDBI Bank shares rose 3.6% to ₹98.60 on December 12 after news of the narrowed field. The deadline for financial bids is set for late December, possibly extending into January.
12 December 2025
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S&P/TSX Composite Weekly Update: Canada’s Benchmark Near Record High as 2026 Outlook Brightens for World Indices (Dec. 7, 2025)

S&P/TSX Composite Weekly Update: Canada’s Benchmark Near Record High as 2026 Outlook Brightens for World Indices (Dec. 7, 2025)

The S&P/TSX Composite Index closed at 31,311 on Friday, down 166 points after hitting a record high Thursday. The index remains up over 20% year-to-date, boosted by gains in materials, financials, and energy. Friday’s drop followed profit-taking and sector rotation, with materials and technology leading declines. Canada reported a surprise gain of 53,600 jobs in November, lowering unemployment to a 16-month low.
7 December 2025
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Stock Market Today

  • Xero and BrainChip Highlight AI Investment Potential in Software and Edge Computing
    June 29, 2026, 1:49 AM EDT. Xero (ASX:XRO), a New Zealand-based cloud accounting software provider, reported NZ$2.8 billion in revenue, primarily from Australia, the UK, and the U.S., with a market cap of A$11.8 billion. Meanwhile, BrainChip Holdings (ASX:BRN), specializing in neuromorphic AI processors for edge computing applications, generated about US$1.9 million in revenue. BrainChip's technology targets low-power AI inference for industrial and defense sectors but remains unprofitable with a market cap of A$0.34 billion. The AI theme is fueling investor interest as countries boost spending on AI chips, software, and cloud infrastructure amid global manufacturing strength and export surpluses. Both companies illustrate contrasting stages in AI adoption: Xero's established cloud solutions for SMEs and BrainChip's speculative but potentially scalable edge AI innovations.

Latest articles

Trump-era loan caps could open door for private lenders in grad school market

Trump-era loan caps could open door for private lenders in grad school market

29 June 2026
July 1 federal loan caps slash Grad PLUS access, forcing many graduate and professional students to seek private loans; Sallie Mae projects up to 70% origination growth over several years, while SoFi reports record student-loan volume—investors now face a real-time test of how much demand shifts to private lenders as federal limits hit.
IREN Limited (NASDAQ:IREN) slides as Warriors badge faces AI revenue test

IREN Limited (NASDAQ:IREN) slides as Warriors badge faces AI revenue test

29 June 2026
IREN Limited (NASDAQ:IREN) plunged 21.3% to $47.21 over five straight down days despite announcing a record $50M+ annual Warriors jersey deal, as investors focused on the company’s not fully contracted $4.4B target ARR and high short interest at 19.74% of float, with Friday’s close near the lowest analyst target.
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