Business

Trapped in the market, China’s retail investors plot their escape with government money

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SHANGHAI – Mrs. Zhu is only the type of investor china government should worry about as it attempts to engineer a turnaround within the country\’s stock markets, whose massive swings have heightened fears for that country\’s financial health. China stocks seen dropping another 14% as market mirrors U.S. crash of 1929 Chinese stocks will decline by an additional 14 percent ...

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Why was Apple Inc’s stock punished? It’s their own fault for being so good

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Here\’s a wee quiz: a business releases quarterly earnings that handily beat analyst estimates, reporting healthy margins, double-digit percentage year-over-year profit growth, along with a 35-per-cent increase in sales of its main product. What goes on to the stock price? Tech rally knocked out cold with Apple Inc poised for worst reduction in market value yet Five days after Google\’s ...

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TD Securities upgrades TD Bank

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You might be surprised to hear banking analysts comment on their own companies given the obvious potential conflicts of interest, but half of the Big 6 in Canada self-cover, as they say. One of those analysts is Mario Mendonca at TD Securities. He raised his rating on Toronto-Dominion Bank to purchase from hold on Tuesday because of the improving outlook ...

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Valeant Pharmaceuticals International Inc topples RBC to emerge as Canada’s most valuable company

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MONTREAL – Valeant Pharmaceuticals International Inc. has surpassed Royal Bank of Canada as the country\’s largest company by market price after shares increased in the wake of solid second quarter results. Valeant surged a lot more than nine per cent to a 52-week-high of $341.02 per share to achieve a market worth of $116.3 billion around the Toronto Stock Exchange, ...

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Why it’s time to be overweight technology

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If there is one sector you want to be in these days, it’s technology. U.S. tech stocks happen to be among the best market performers this year, and they are likely to continue that way because of healthy long-term trends in both earnings and cash flow, together with very strong corporate balance sheets. “Although the sector isn\’t growing earnings as ...

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TSX takes a hit from oil supply data as loonie hits decade low

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TORONTO – The Toronto stock exchange suffered another session of declines as oil closed below $50 for the first time in several months and the loonie tumbled to its lowest level in more than a decade. The S&P/TSX composite index lost 69.12 points at 14,307.12, dragged down by weakness in both the energy and resource sectors. Oil prices settled at ...

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China’s stock market: After quick 8.5% crash, confusion reigns

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It\’s days like Monday that reassure Tony Hann he was right to avoid stocks in mainland China. Boom! The bottom just dropped from China's unprecedented efforts to prop up its market China\’s stocks tumbled the most in eight years Monday morning as investors lost faith in government measures to support the market and the IMF warned Beijing to butt out. ...

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Are Canadian rate-sensitive funds on sale?

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The focus on Greece may soon be considered a rear-view mirror event, but Canadian investors should still be thinking about last week’s Bank of Canada’s rate cut, especially since U.S. Federal Reserve Chair Janet Yellen has reiterated the onset of interest rate normalization south from the border continues to be a 2015 event. Regardless of whether rates of interest are ...

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What’s going on with global trade?

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In the three decades prior to the recent financial crisis, rapid globalization helped the world’s trade grow at twice the rate of the global economy.?But those halcyon days seem to be behind us. Instead, global trade is becoming stubbornly weak and it has yet revisit its pre-crisis levels, all the while continuing to trend below the world’s GDP growth. The ...

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Why BlackBerry Ltd. should sell itself to Samsung for $19 per share

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BlackBerry Ltd. (TSX:BB)(Nasdaq:BBRY) is undeniably one of Canada\’s most polarizing stocks. Supporters of the company point to its renewed focus on software and it is stronger balance sheet. They note how far the company originates under new CEO John Chen, even while the stock prices are back where it started. Detractors possess a point too. They point to the declining ...

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