Author Archives: generatorloans

Iron ore is not like oil

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Investors may be lured to think the recent increase in oil prices foretells similar gains in iron ore, but Ben McEwan at CIBC World Markets says these expectations are based more about hope than anything of substance. For one thing, the analyst found little historical correlation between the two commodities as it is lower than the correlation between other industrial ...

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AutoCanada Inc shares on the rise amid Alberta sales rebound

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Shares of dealership group AutoCanada Inc. soared for any second consecutive day Monday after management assured investors that sales in Alberta haven\’t been as weak as feared. After steadily falling for many of the past year, AutoCanada\’s stock rose around 8.5 percent in early trading Monday carrying out a 20-per-cent jump on Friday. RBC analyst Steve Arthur attributed the bounce ...

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Valeant Pharmaceuticals International Inc. is becoming the 800-pound gorilla of the TSX — and that should worry index investors

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Hedge fund investor Bill Ackman is used to taking big bets for big rewards, as he\’s done with Valeant Pharmaceuticals International Inc. Buyers of Canadian index funds may be on a similar thrill ride without knowing it. Valeant is rapidly becoming the 800-pound gorilla from the Standard & Poor\’s/TSX Composite Index, Canada\’s benchmark equity gauge after an acquisition spree supported ...

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It’s back on in Germany as DAX traders send $570 million to ETF

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German stocks, rejected by investors in April, are luring it well in May. Buyers added probably the most in a year – a lot more than 570 million euros (US$638 million)- towards the biggest exchange-traded fund tracking the equities last week. The benchmark DAX Index had its biggest jump in two months on Friday, and options data show traders are ...

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Don’t know which market guru to listen to these days? Investors need a strategy with many shades of grey

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It’s difficult to know who to believe these days.?For every market guru for example Bill Gross who says financial markets are set for an accident, there are others like David Rosenberg who say there’s you don\’t need to panic. But as difficult as getting it right may appear at this stage in the cycle, it might be just as vital ...

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World’s biggest banks are warning that commodity prices have disconnected with reality

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The big global banks have started to warn clients the blistering rally in oil and industrial commodities over recent weeks has run far ahead of economic reality, raising the risk of a fresh slump in prices within the summer. Our stock markets are headed for turbulence – and there's nothing Canada can perform about it Joe Chidley: Canada is stuck ...

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North American markets close lower for a second straight day; loonie up

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TORONTO – United states stock markets closed lower for a second straight day Tuesday while the Canadian dollar rose more than half a cent. The S&P/TSX composite lost 109.49 points to 15,043.15, after falling 17.38 points on Monday. The loonie traded at 83.21 cents US, up 0.63 of a U.S. cent from Monday\’s close. The Dow Jones industrial average closed ...

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Nike promises thousands of U.S. jobs if trade measures approved

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Nike Inc. and its partners can create as many as 10,000 U.S. manufacturing and engineering jobs over the next decade if Congress approves fast-track trade legislation and a Trans-Pacific Partnership trade agreement is finalized, according to the company. Nike, which produces athletic footwear and clothing, made the announcement Friday, hours before The president is to speak at the company\’s Beaverton, ...

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Bond markets are getting smoked — and it’s spooking investors and driving down stocks

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North American stocks fell with global equities, joining declines among bonds all over the world as governments put into debt supply. The dollar slid. The Standard & Poor\’s 500 Index dropped 0.7 per cent at 10:10 a.m. in Ny, briefly slipping below its average price within the last 50 days. The Stoxx Europe 600 Index lost 1.3 percent. The TSX ...

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Encana Corp posts first quarter financial results that surpass analyst expectations

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CALGARY C Following the NDP\’s stunning election win in Alberta a week ago, as investors were dumping Canadian energy stocks in alarm, Alberta\’s premier-designate Rachel Notley acquired the phone and called the top executive at Encana Corp. Encana president and CEO Doug Suttles recalled at his company\’s annual general meeting Tuesday what he told Notley: \”If we can (provide) support, ...

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