Wall Street reports! What you need to know before markets open


U.S. stock index futures are rising today as investors welcomed Greek parliamentary approval of a bailout plan as well as on strong results from Netflix and Intel overnight. The European Central Bank will come across later in the day and therefore are expected to ease its funding squeeze on shuttered Greek banks.Magna International Inc., North America\’s biggest auto-parts maker, decided ...

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Canaccord gets bullish on prison REITs


Looking for criminally low valuations in the real estate investment trust space? Try prison REITs. Canaccord Genuity initiated coverage of the space , with a “favourable take on the industry.” Additionally, it noted that prison REITs are relatively cheap when compared with their peers. “We believe the sector provides a unique blend of very defensive fundamentals with significant and accretive ...

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Where investors should look for opportunities after the Bank of Canada’s rate cut


The Bank of Canada’s 25-basis-point rate cut last week to 0.5 percent certainly made a few investors grumble. Will the Bank of Canada have to start looking at QE? Debate grows as data appears to confirm recession After last week’s rate cut and more weak data today, there\’s a new debate brewing in Canadian economic circles whether the Bank will ...

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TSX extends losses, dragged down by energy, mining


TORONTO – The Toronto stock exchange closed lower Friday, dragged down by the energy and mining sectors, while the Canadian dollar crept marginally higher. The S&P/TSX composite index fell 79.13 points to close at 14,186.24. \”Commodity stocks are simply not the place to be right now,\” said Ian Nakamoto, director of research at MacDougall MacDougall & MacTier Inc. in Toronto. ...

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Does the Fed have enough data to hike in September?


There is no longer question that the U.S. Federal Reserve will raise interest rates, but there is some uncertainty about how exactly many hikes are coming. Market watchers are looking to the central bank’s September meeting because the time when the Fed will ultimately lift rates off the ground, particularly after Fed Chair Janet Yellen’s testimony last week. The primary ...

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Veteran director resigns from Home Capital ahead of key earnings call


Home Capital Group Inc. announced Monday night that senior corporate lawyer?James Baillie is resigning from its board of directors in front of a closely watched earnings refer to this as week. Baillie, an old chairman of the Ontario Securities Commission, joined the board in February 2012. He also serves as?senior counsel at law practice Torys LLP. Home Capital, which is ...

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Anthem Inc to buy Cigna Corp in US$54.2-billion deal to create biggest U.S. health insurer


Anthem Inc said on Friday it might buy Cigna Corp in a deal valued at US$54.2 billion, allowing the largest U.S. health insurer by membership. The deal – the biggest ever in the health insurance industry – comes three weeks after Aetna Inc decided to buy Humana Inc for US$37 billion and it is part of an industry-wide consolidation following ...

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Home Capital says it cut ties with 45 mortgage brokers after discovering borrower income was falsified


Home Capital Group Inc. said its recent decision to suspend its relationship with dozens of brokers happened after an external source tipped the organization off that brokers were falsifying borrower incomes. Home Capital, certainly one of Canada\’s largest alternative mortgage lenders, said approximately 45 individual third-party brokers are no longer dealing with the company following an interior investigation. Sixty percent ...

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BlackBerry Ltd shares jump most in six months on Morgan Stanley upgrade


BlackBerry Ltd. rose up to 7.4 per cent after a Morgan Stanley analyst upgraded his rating around the stock on the strength of the smartphone maker\’s cash reserves and skill to further cut costs. James Faucette raised his rating towards the equivalent of a hold from the equivalent of a sell in a note to clients Tuesday. BlackBerry climbed 7.1 ...

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What you need to know about the Twitter Inc earnings report that sent the stock plunging


Twitter has had a tough start to 2015, and things seemed to be much of the same in its second quarter earnings report last night. Yes, sales and revenue topped analysts\’ projections, causing an initial?spike in shares?after hours. But there is one glaring disappointment: monthly active users.?Users of the main application?rose just by 2 million?in the prior quarter, a gain ...

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