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Boardwalk REIT sells its Windsor portfolio as apartment prices soar

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Sam Kolias, who manages one of the country’s largest residential landlords, got a deal he couldn’t avoid – not an unusual situation in the red-hot apartment sector. Housing may get the headlines, but apartments are trading at prices that are the envy of investors in every other property class, including office, industrial and retail. Calgary-based Boardwalk Investment Trust said it ...

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Canada stocks slump for 7th day in worst losing streak in 4 years

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Canadian stocks fell a seventh day, the longest losing streak in 4 years, amid growing concern the global economy is stalling after Chinese shares slumped the most in eight years. Sherritt International Corp. and First Majestic Silver Corp. plunged a minimum of 12 per cent as copper slid to a six-year low to lead a retreat in base metals. Bankers ...

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Gold miners on ‘knife edge’ after slump wipes out US$19 billion

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Gold\’s slump to some five-year low this month is squeezing the world\’s biggest producers of the precious metal, already struggling to rein in costs and pay down debt. A rout in bullion has sapped investor confidence in gold miners, sending the benchmark 30-member Philadelphia Stock Exchange Gold and Silver Index from the largest producers to the lowest since 2001. A ...

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China’s confidence game: How investors are paying the price for believing

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For a communist country, China has done a lot of things right economically. In the last three decades, it has liberalized the domestic economy and exposed the borders for trade, assisting to lift hundreds of millions of citizens out of poverty (per capita GDP has a lot more than tripled since 1980) and creating a global powerhouse. China\’s stock market: ...

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Gold rout will deepen, prices will drop below US$1,000: Goldman Sachs

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Goldman Sachs Group Inc.\’s Jeffrey Currie says the worst is yet to come for gold which prices could fall below US$1,000 an oz for the first time since 2009. \”With the more positive outlook on the dollar, and with debasement risk beginning to fade, the demand to use gold like a diversifying asset from the U.S. dollar diminishes and less ...

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How short sellers are building up a new front in their war on Canadian stocks

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As if Canadian fund managers didn’t have enough to worry about this year, a new pressure is starting to weigh heavily on the country’s stocks: foreign short sellers. Is Canada still flirting with recession? We're about to find out precisely how bad things really are Canada’s economy seemed a shovel-full deeper into a downturn in May. Friday’s GDP report will ...

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Precision Drilling Corp boosts spending despite large quarterly loss

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CALGARY C Despite posting a large quarterly loss on sharply reduced interest in its services, Precision Drilling Corp. boosted its capital spending plans Thursday. Precision, one of Canada\’s largest oil and gas drilling companies, announced Thursday it was boosting its capital budget to $546 million for 2015, up from the $506 million the organization had planned to invest. Some of ...

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Dollarama Inc downgraded for all the right reasons

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Dollarama Inc.’s long-term growth strategy is constantly on the look very good and its management team has successfully executed on the strategic plan, but the stock simply looks too costly for David Hartley at Credit Suisse. The analyst downgraded Dollarama to neutral from outperform following the stock’s nearly four-fold rise since February 2012, telling investors to consider a lower entry ...

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Gold Bust! What you need to know before markets open

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U.S. stock index futures are little changed today in front of a raft of earnings from technology giants, including Apple, and as the dollar continued to trade at a three-month high. The dollar index was down marginally at $97.88, its highest level since April on firming expectation of the U.S. interest rate hike later around.A fall in commodities capped gains ...

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Is Amgen Inc. the next takeover target?

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Amgen Inc.’s 4.4-per-cent gain on Monday and it is wide outperformance versus large-cap biotech peers have investors thinking it may be a takeover target. The rally was sparked by another mega-deal in the pharma space, with Teva Pharmaceutical Industries Ltd. receiving buy Allergan PLC\’s generic drugs business for US$40.5 billion. Amgen’s US$120-billion market cap aside, RBC Capital Markets analyst Michael ...

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