Wall Street rises, TSX falls after Fed signals rate hike later this year


TORONTO – The Toronto stock market closed in the red Wednesday while Ny markets turned higher following the U.S. Federal Reserve announced it was keeping its benchmark rate unchanged. The S&P/TSX composite index closed down 20.07 points at 14,732.98, as the loonie was up 0.51 of a U.S. cent at 81.73 cents. On commodity markets, the July crude contract gave ...

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What’s going on with China’s stock market?


China’s stocks look to be falling back down to reality. After a legendary rally that saw the Shanghai Composite index climb a lot more than 40% this year and also the tech-heavy Shenzhen Composite rise a world-leading 90%, a correction – or maybe worse – looks to be in the works. Last week both indices lost more than 10%, falling ...

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Zargon Oil and Gas Ltd bows to hedge fund pressure and chops dividend


CALGARY C An American hedge fund got the outcomes it wanted in pushing management at Zargon Gas and oil Ltd. to chop the company\’s dividend. Livermore Partners had been pushing Calgary-based Zargon to get rid of its dividend entirely however the fund\’s managing director David Neuhauser said within an email the changes Zargon announced Monday were \”consistent using what we ...

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TSX, Wall Street surge on hopes for Greek aid deal


TORONTO – United states markets closed solidly higher, using the Nasdaq hitting a new all-time high, amid renewed optimism in Europe that Greece will reach a deal with its creditors and steer clear of a default. The S&P/TSX composite index gained 137.36 suggests 14,790.48, with almost all sectors closing higher, as the loonie was down 0.40 of the U.S. cent ...

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Canada’s investment industry urges regulators to ‘step back’ from strained credit markets


Canada\’s investment industry association is urging regulators to back off shaky global credit markets. Liquidity in global bond markets has already been low, and proposed reforms?“run considerable chance of further debilitating” the credit market, warns Ian Russell, leader of the Investment Industry Association of Canada. Canada is relocating lockstep with European and U.S. regulators to overhaul the financial system, and ...

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China stock rally comes to sudden halt as Shenzhen Exchange falls almost 13%


It is known as China\’s Silicon Valley and it is home to the earth\’s hottest stock market rally – a rally analysts worry is in the process of becoming undone. Shenzhen, a town north of Hong Kong around the Chinese mainland, is the headquarters of China\’s biggest technology firms. Until last week, stocks on its tech-heavy stock market had surged ...

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TSX droops, Wall Street up as investors await news from Fed, Greece


TORONTO – The Toronto stock market closed marginally lower Tuesday as investors awaited the end result of Wednesday\’s interest rate announcement in the U.S. Fed and kept a close eye on the Greek debt crisis. The S&P/TSX composite index ended your day down three points at 14,753.05. South from the border, markets posted a strong advance because the U.S. Federal ...

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Money for something: Steadyhand Investment Funds Inc.’s Tom Bradley is taking on the big banks


Tom Bradley wakes up some mornings “scared shitless.” In those moments, the president and co-founder of Steadyhand Investments Inc. wonders how his firm’s mutual funds may possibly compete against the dominance of Canada’s biggest banks. “It seems like they could just crush us,” he explained. “They are so powerful and also have their hooks within the client in a lot ...

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Energy investors haven’t made money in a decade — why are they still clinging to false hope?


It has been a very challenging time for investors in the energy space, but we discover their resiliency impressive, considering they have endured a decade of little to no returns. Big oil warns world to brace for any different, but equally daunting, price shock to come Oil companies say there will be a price to pay – a significantly higher ...

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What Valeant’s soaring stock price isn’t telling you


You wouldn\’t be able to tell by Valeant Pharmaceuticals International Inc.\’s stock price, but things haven\’t gone exactly according to plan. As new Valeant CFO, merger expert Robert Rosiello prepared to maintain M&A momentum Valeant Pharmaceuticals International Inc\’s new Chief Financial Officer made his mark being an expert in healthcare mergers and acquisitions, and this is exactly what he really ...

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