China overtakes Greece as the biggest threat to global markets


For investors, China\’s stock market crash is another worrying rise in an already-fraught global economy. But for China\’s ruling Communist Party, the crash would likely represent an existential threat. The scale of China’s response to the crash, which has wiped out 30 percent of its stock markets’ value in less than a month, implies that the Communist Party is scared ...

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TSX takes a hit as oil drops to three-month low, loonie retreats


TORONTO – The Toronto stock market weakened Monday like a steep stop by oil prices and fallout in the resounding \”no\” vote within the Greek debt referendum pulled most major sectors lower. The S&P/TSX ended the session down 88.82 points to 14,593.57. Oil prices closed at their lowest level within three months using the August crude contract dropping $4.40 to ...

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China Syndrome! What you need to know as markets open


U.S. stock index futures are dropping today as a rout in Chinese markets deepened and as investors always keep a wary eye on developments in the Greek debt crisis. Beijing unveiled yet another battery of measures to arrest the sell-off and the securities regulator warned of \”panic sentiment\” gripping investors in the world\’s second-largest economy. Growing concerns of a slowdown ...

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TSX, Wall Street slide as oil slips on China growth fears


TORONTO – North American stock markets closed sharply lower Wednesday carrying out a big sell-off in China and recurring uncertainty over Greece\’s debt woes. The decline came as an unspecified technical glitch halted trading around the New York Stock Exchange for more than half the session. Trading of NYSE securities on other platforms – such as the Nasdaq – were ...

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Europe steadies before Greece summit, China stocks fall again


LONDON – European stock and bond markets steadied before a eurozone leaders summit to discuss the Greek debt crisis while a further fall in Chinese shares reminded investors of other dark clouds on the horizon. Oil recovered some ground after Monday\’s stomach-churning selloff prompted by Greeks\’ overwhelming rejection from the terms of a bailout deal and the Chinese stock markets ...

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TSX rises, Canadian dollar falls as U.S. markets shut for holiday


TORONTO – The Toronto stock market closed higher see how to avoid trading Friday in front of a weekend debt referendum in Greece, while the loonie slid lower amid fears about a recession in Canada. The S&P/TSX composite index closed up 44.40 points at 14,682.39 after rising almost 148 points the prior two trading days. But Canada\’s main market was ...

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Cineplex Inc. launches digital pilot project with Paramount


Cineplex Inc.’s digital revenue-sharing initiative with Paramount Pictures could change the way films are given to people’s homes. The pilot task for two upcoming films set to be released in October will shorten theatrical release windows, but that will be offset by Cineplex receiving a percentage of the studio’s digital revenue for a period of 90 days following a film’s ...

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CRA’s probe of metal streams could affect Franco-Nevada


Investors were rattled on Tuesday when Silver Wheaton Corp. announced it’s being focused on back taxes by the Canada Revenue Agency. The probe raised concerns about the precious metal streaming model – specifically, whether income from streams on foreign mines is taxable in Canada. Such a predicament would have negative implications for Franco-Nevada Corp., said TD Securities analyst Greg Barnes. ...

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Don’t call it a recession


Canadian GDP might be down for the second consecutive quarter, but it’s far from accurate to call what’s happening towards the economy a recession – despite the technical definition – because the weakness is usually in the energy sector and, as a result, concentrated in Alberta. Whether or not this convinces the Bank of Canada to chop its policy rate ...

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Greece has a deal! What you need to know before markets open


U.S. stock index futures rose on Monday after eurozone leaders reached an agreement with Greece to move forward having a third bailout loan for the country to avert bankruptcy. * Greece won conditional agreement to receive a possible US$95 billion over three years, along with an assurance that eurozone finance ministers would start discussing methods to bridge a funding gap ...

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