NowVertical closes initial tranche of $15.1 million brokered placement

Updated Oct 20, 2026 5:11pm ET

Markets

The S&P/TSX Composite rose 179.33 points to close at 36,107.96, a gain of 0.50%. The Parliamentary Budget Office cut its growth outlook, citing U.S. tariffs and Canadian countermeasures, and now projects GDP growth of 0.9% this year, from 1.1%, and 1.5% in 2027, from 1.6%. Finance Minister François-Philippe Champagne announced the date for the new federal budget. In late-afternoon trading, the Canadian dollar was at US$0.71128, up 0.37%, while oil was at US$98.24 and gold at US$4,143.2. On Wall Street, the Dow closed up 529.85 while the Nasdaq slipped 6.07.

Venture & CSE

The S&P/TSX Venture Composite closed down 0.71 at 846.00, while the CSE Composite added 0.18 to 139.49. In late-afternoon trading silver was at US$58.070, up 0.797, and gold was at US$4,143.2, down 16.9. Cascade Copper (CSE: CASC) said it staked 4 claim blocks covering an additional 1,411 hectares at its Centrefire copper-gold project near Dryden, Ontario, citing recent drill results and a new interpretation that it says expands discovery potential. NowVertical (TSXV: NOW) said it closed an initial tranche of its $15.1 million brokered private placement and appointed Kingsley Ward and Andre Garber to its board. Military Metals (CSE: MILI) had its exploration licence for the Trojárová antimony-gold project in Slovakia extended by four years after authorities reversed their cancellation decision, and its shares rose.

Market data

Closing index levels; commodities and currencies are late-afternoon trading, not settlements.

Oct 20, 2026 5:10pm ET

TSX Venture most active

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Written by AI based upon public market data and company news releases, and checked automatically before publishing. Company statements are reported as the companies made them. Not investment advice.