Business

Why investors shouldn’t abandon the Canadian housing market

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There were a couple of months early in 2015 once the U.S. housing industry didn’t look so excellent. That dragged down a wide range of stocks, but the data has picked up since then, making housing an attractive opportunity for investors seeking value in the U.S. equity market. One way to play this trend is thru Canadian lumber companies, and ...

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Loonie drops to lowest point in more than a decade as oil and gold buckle under pressure

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TORONTO – The Toronto stock market suffered another session of declines on Wednesday as oil settled below $50 the very first time in several months and also the loonie tumbled to its minimum in more than the usual decade. The S&P/TSX composite index lost 69.12 suggests end at 14,307.12, dragged down by both energy and resource sectors. Meanwhile, the Canadian ...

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Amazon.com Inc passes Wal-Mart as world’s biggest retailer by market value as stock soars

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Amazon.com Inc. surpassed Wal-Mart Stores Inc. as the world\’s biggest retailer by market value after a surprise second-quarter profit sent the e-commerce company\’s stock into record territory. Amazon shares rose as much as 19 per cent to $573.45 in after-market trading on Thursday, giving the Seattle-based company a value of about $267 billion. That compares with Wal-Mart\’s $233.5 billion market ...

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China stocks seen dropping another 14% as market mirrors U.S. crash of 1929

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Chinese stocks will decline by one more 14 percent over the next three weeks as the market demonstrates a trading pattern that mirrors the U.S. crash in 1929, according to Tom DeMark. China\’s confidence game: How investors are paying the price for believing Joe Chidley: Since markets started falling, Beijing has sought to shore up stock prices with a multi-pronged ...

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Analysts say investors still haven’t learned from Nortel’s ‘boom and bust’

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TORONTO – It was 15 years ago this month when Nortel Networks\’ shares hit an all-time a lot of $124.50 on Toronto\’s stock exchange. The company\’s sky-high stock managed to get by far Canada\’s best company at the time – with a market value that briefly surpassed the banks and resource companies listed on the Toronto Stock Exchange. It didn\’t ...

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Gold miners set to report Q2 earnings, but investors zero in on other issues

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Investors usually care about basic things for example how much revenue and income companies earned when they report quarterly results. After all, these are essential foundations to valuing a stock. But in the case of Canada\’s gold industry, they have become largely irrelevant. The second-quarter earnings season for the gold miners begins Wednesday afternoon, and experts said there will be ...

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Why Microsoft Corp deserves a second chance

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Microsoft Corp. may not be your dog by traditional investing measures. In the end, it generated more than US$22 billion in revenues in the second quarter, returned US$6.7 billion to shareholders, pays a couple.6 percent dividend, and it has a ton of cash on the balance sheet. But that certainly doesn’t make it a winner either. Windows 10 review: Microsoft ...

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Demand not enough to boost oil price

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Strong global demand for oil is insufficient to offset a strong supply outlook that has driven prices back below US$50 per barrel, and Saudi Arabia no more appears to have the necessary market clout to change prices. “This remains a supply-driven market,” said Michael Tran, a New York-based commodity strategist at RBC Capital Markets. “Supply drove us into this low ...

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Home Capital Group Inc and the shortseller social network

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When Home Capital Group Inc. disclosed on July 10 it\’s terminating its relationship with a number of third-party lenders, a short-selling campaign exposed on the credit company. However the campaign’s epicentre wasn\’t lunch meetings and broker offices. It had been Twitter. For weeks, without much additional detail from the company, speculation ran wild on social media about what was behind ...

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Oil caps the biggest monthly drop since 2008: ‘July has been a massacre’

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Oil capped its biggest monthly stop by almost seven years on speculation that increased OPEC supplies and threats to demand in China will prolong a global glut. West Texas Intermediate oil slid 2.9 percent Friday, bringing the monthly drop to 21 percent. U.S. crude stockpiles are almost 100 million barrels above the five-year seasonal average, while exports from southern Iraq ...

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