Author Archives: generatorloans

Magna International Inc reports higher sales on U.S. demand


Canadian auto parts maker Magna International Inc reported better-than-expected quarterly sales, helped by demand in the usa. Magna also raised its full-year operating margin forecast on Thursday. The organization sold much of its vehicle interiors business, typically a lower-margin business, to Spain\’s Grupo Antolin in April. U.S. auto sales rose in the first three months of the year, helped by ...

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Cineplex sees concession sales soar to record heights


TORONTO – Moviegoers chowed down on more popcorn and burgers at Cineplex theatres over the winter, helping concession sales climb to record heights as audiences absorbed Hollywood hits like \”American Sniper\” and \”Fifty Shades of Grey.\” Canada\’s largest movie theatre company said Friday that average concession spending jumped 2.6 percent to $5.18 per patron as customers responded to a broader ...

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Can Tesla’s battery hit US$1-billion faster than the iPhone?


Telsa Motors Inc.\’s new type of big, stackable batteries for homes and businesses started with a bang. The reservations reported within the first week are valued at roughly US$800 million, according to numbers crunched by Bloomberg Business. If Tesla converts even a fraction of those reservations into actual sales, the battery roll-out could compare well as one of the biggest ...

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BitGold begins trading on TSX Venture Exchange as gold transaction platform builds momentum


Roy Sebag and Josh Crumb started their business with one simple guiding principle. \”We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card,\” Sebag said in an interview. \”It went from being a hobby of how to do that to this whole company.\” Investors will begin to ...

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Rogers, Telus upgraded on CRTC decision


Telus Corp. and Rogers Communications Inc. were upgraded to the equivalent of a buy rating by Scotiabank on Thursday, following a decision through the Canadian Radio-television and Telecommunications Commission that found the present wireless roaming environment “insufficient,” but opted to delay any changes to the present pricing scheme. “We feel the timing for the permanent rate might be one year ...

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Jonathan Chevreau: The lowdown on ‘smart’ investment funds


There\’s a perception among exchange-traded-fund investors that traditional broadly diversified market-cap-weighted money is the \”old guard\” and newer \”smart beta\” or \”factor index\” goods are the wave of the future. But as various speakers at a BMO ETF and mutual funds conference in Chicago in April explained, so-called strategic beta products often constitute old wine in new bottles. Ben Johnson, ...

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Encana Corp. downgraded at RBC


Encana Corp. was downgraded to sector perform from outperform at RBC Capital Markets, however the outlook isn’t everything bad. Analyst Greg Pardy, who also raised his price target on the stock to US$15 from US$14, noted that the Canadian energy producer has successfully refocused its portfolio for high-margin growth for the foreseeable future. However, he thinks the company’s next goal ...

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Five reasons to ignore stock market doomsayers


The doomsayers always come out whenever stock markets have more volatile, like they have this month. These gloomy prophets continue about how derivatives are going to cause another financial crisis, or how valuations are stretched, or how equities will collapse whenever rates of interest rise. Individual investors browse the commentary by these experts and ponder whether they should adjust their ...

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DHX Media just scored a deal to distribute ‘Slugterra’ toys in Burger King kids’ meals globally


HALIFAX – A Halifax company has scored an offer to promote its \”Slugterra\” animated Tv show through Burger King restaurants. DHX Media Ltd. says the fast-food chain has agreed to distribute four Slugterra toys this month in kids\’ meals around the world. The company didn\’t disclose financial details of the deal. The Slugterra toys are based on a creation by ...

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U.S. oil production is declining at a faster pace


Investors looking for a bullish case for oil will probably be pleased to hear that the downtrend in U.S. oil production is accelerating. A new forecast in the?U.S. Energy Information Administration calls for crude oil production from new wells to dip to 263,000 barrels per day (bpd) in June – the lowest level in two years. Stfane Marion, chief economist ...

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