TSX rises on optimism over Greece as materials shares climb


TORONTO – The Toronto Stock Exchange was solidly ahead for any second consecutive session Tuesday with almost all sectors higher. The S&P/TSX composite index advanced 110.04 points to 14,900.52 at midafternoon, contributing to Monday\’s 137-point gain because the heavyweight mining, energy and financials sectors all trended higher. The loonie was down 0.11 of a U.S. cent at 81.02 cents. In ...

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Where to find yield as bond proxies weaken


Since the primary trend in bond yields has been down since 2009, defensive yield stocks such as pipelines, utilities, REITs and telecoms have were able to outperform the broader market. These so-called bond proxies have risen 125 per cent since the market’s 2009 lows, versus a gain of 95 percent by the S&P/TSX composite index. But with bond yields rebounding ...

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Amaya Inc says insider trading probe has not damaged confidence: ‘It’s not Hollywood’


MONTREAL – Amaya Inc. CEO David Baazov said Monday that the investigation by Quebec’s securities regulator into insider trading allegations all around the company hasn\’t damaged shareholder confidence, nor slowed the company’s international growth ambitions. “It isn\’t something to become taken lightly, but it is not Hollywood either,”?said Baazov, following the company’s annual general?meeting in Montreal. “There has been no ...

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Why BlackBerry Ltd is a better turnaround stock than Bombardier Inc right now


Despite being in different industries, BlackBerry Ltd. (TSX:BB)(NASDAQ:BBRY) and Bombardier Inc. (TSX:BBD.B) possess a lot in common. First of all, both have seen much better days. BlackBerry once dominated the smartphone market, only to be crushed by the iPhone and Android-based devices. Meanwhile, Bombardier was once a clear leader in the business jet market, but has since been put under ...

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BlackBerry Ltd investors growing weary as stock slips 4%


No one ever said BlackBerry Ltd.\’s turnaround would be easy, but investors are starting to grow weary from waiting on better days after another earnings miss from the country\’s beleaguered tech darling . \”The jury continues to be out,\” Bob Sewell, leader at Bellwether Investment Management in Oakville, Ont., said. \”We don\’t currently own it, but it is such an ...

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Wage inflation suggests no end in sight for bull market


The count continues. It’s been 1,357 days without a 10 per cent correction for the S&P 500, bringing all of us the way to October 2011. While that may give the bears even more fuel to reason that a pullback in equities is originating, bull markets only tend to end with recessions. And these days, a recession doesn’t turn to ...

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Ivanhoé Cambridge Inc doubles exposure in Chinese market through investment in Chongbang


MONTREAL – Ivanho Cambridge is doubling its exposure in China by investing up to US$500 million in Shanghai-focused property developer Chongbang. The real estate arm from the?Caisse de dp?t et placement du Qubec pension fund is teaming up with Dutch pension manager APG Asset Management N.V. to buy a roughly US$920 million interest for an undisclosed stake within the Chinese ...

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Online gambling is proving to be a good bet for savvy investors


It’s here we are at investors to put away any reservations they\’ve already about the morality of gambling. It’s everywhere C on your TV, in the corner store and, most notably, on your computer, and there\’s simply too much growth to disregard. Just in case you haven’t noticed, there\’s been a flurry of online gaming companies appearing in Canada, quickly ...

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TSX, Wall Street regain ground after yesterday’s slaughter


TORONTO – The Toronto stock market pushed ahead with gains at the end of morning trading as Greece inched for the default deadline on its loan to the International Monetary Fund. The S&P/TSX composite index moved higher towards midday, rising 66.17 suggests 14,556.32, as the loonie traded at 80.13 cents US, down 0.57 of the U.S. cent.   Traders appeared ...

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Investors add most gold to funds in 5 months amid Greek impasse


Investors bought probably the most gold through physically-backed funds in almost five months as Greece and it is creditors going to last-ditch talks. Bullion prices were little changed and palladium was near a two-year low. Gold exchange-traded product holdings rose 6.9 metric tons, the most since Feb. 2, to 1,598.7 tons, data published by Bloomberg as of Thursday show. Assets ...

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