12:30 Daily TSX Market Update | April 28, 2025 - video Dailymotion

The Market Online shares the latest stock market news.

Transcript

00:00Hello, here's your midday market highlight story.

00:05Amera, Inc., the company powering homes and businesses across

00:09Atlantic Canada and beyond, is dealing with a cyber security

00:13breach that's hitting closer to home, more than they'd actually like.

00:16Late last week, the company did detect unauthorized access to

00:20its Canadian business network.

00:22Customer facing operations were impacted, but Amera insists core

00:25infrastructure like power plants and grids remains secure.

00:29Now, still, any time you're forced to bring in third party

00:32cyber security teams and alert law enforcement, it's a major red flag,

00:37especially for companies tied to critical infrastructure.

00:40In today's environment, breaches like this aren't just an IT

00:44headache. They're a direct threat to consumer trust and corporate

00:47reputation. Amera says the financial impact will be minimal and

00:51services continue uninterrupted. But for investors, the bigger issue

00:56is the rising risk and premium for utilities in an era where hackers

01:00aren't just targeting banks and tech companies. They're going

01:03after the power supply. Shares of Amera trading under the ticker EMA

01:08on the TSX are currently around 61.13 Canadian, down just under

01:12half a percent on the day. And that's your midday highlight story.

01:16I'm Lindsay Melchuk. We will see you tomorrow.