Three years ago this coal mine was worth $630 million. Now it sold for $1


The destructive force of a collapse in world coal prices continues to be underscored by the sale of the mine worth A$860 million (US$631 million) three years ago for just a dollar. Brazilian miner Vale SA and Japan\’s Sumitomo Corp. sold the Isaac Plains coking-coal mine around australia to Stanmore Coal Ltd., the Brisbane-based company said Thursday inside a statement. ...

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Three reasons for Canadian investors to put on rose-coloured glasses


Canadian stocks just booked what was, by any measure, a crappy month. Towards the end of July, the S&P/TSX composite was the worst-performing developed-market stock index on the planet, falling by nearly five per cent last month and by more than 12 per cent since the oncoming of 2015. Over the past Twelve months, the TSX has dropped by four ...

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3 important investing lessons from the best investor you’ve never heard of


In 1955 an unknown employee of Benjamin Graham named Walter Schloss quit the firm to start his own investment partnership. Annually later, another relatively unknown man named Warren Buffett did the same thing. While Buffett got the majority of the attention from that point forward, we can\’t discount what Schloss did. From 1955 to 1995 Schloss and his son Edwin-who ...

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Canada’s economy shrinks for fifth month in row


OTTAWA – Make that five in a row. Canada\’s economy continued to contract in May, declining 0.2 per cent – well below analysts\’ expectations – as output in the energy sector fell together with manufacturing activity, adding to concerns the nation is going to another recession. \’The quarter looks ugly': What economists say about Canada\’s shrinking economy Economists, expecting no ...

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TSX closes higher as oil price rise boosts energy sector


TORONTO – The Toronto Stock Exchange rose for a second day, pushed higher by strength in the energy sector and a rising price for oil. The S&P/TSX composite index rose 224.44 suggests close at 14,301.80. In the U.S., the Dow Jones industrial average climbed 121.12 suggests close at 17,751.39, while the Nasdaq gained 22.52 suggests 5,111.73 and also the S&P ...

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Sleep Country Canada Holdings Inc revenues up 11 per cent in Q2 on mattress, accessories sales


TORONTO — Sleep Country Canada Holdings Inc. says revenues grew nearly 11 percent in its second quarter, helped by stronger sales of mattresses and accessories. The Toronto-based retailer, which returned towards the public markets recently after seven years as a private company, posted revenues of $102.5 million in the quarter, compared with $92.7 million a year earlier. The stronger outcome ...

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7 top Canadian stocks that have a secret weapon in the commodities rout


The best-performing Canadian stocks amid the commodities rout have one thing in common: the mighty U.S. dollar. Earnings estimates published by Bloomberg suggest their run will continue. How short sellers are accumulating a new front in their war on Canadian stocks The TSX continues to be weighed down yesteryear year by commodities. But now it faces a new threat: foreign ...

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Sometimes the old ways are not always the best for investors


Legendary analyst Laszlo Birinyi\’s latest suggestion that the S&P 500 could rise another 50 per cent to 3,200 over the next 2 yrs has to be a real head-scratcher for more bearish investors counting on famous valuation metrics such as the Shiller price/earnings and Tobin’s Q ratios. Why investors have to adopt new tactics from time to time David Kaufman: ...

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Spin Master Corp shares rise in first day as a public company


Shares of Spin Master Corp. moved higher on Thursday because the toymaker behind Zoomer robot dogs and remote-controlled Air Hogs debuted as a public company. The Toronto-based firm, which made its initial public offering at $18 per share, traded 28 cents higher around the Toronto Stock market in the afternoon. Earlier in the session, Spin Master shares briefly went as ...

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How monetary chaos has created the perfect recipe for European civil war


It has come to this. The first finance minister of a eurozone country who dared to attract up contingency plans for a possible euro exit is under investigation for treason. Greek prosecutors are examining criminal charges against a five-man “working group” in the Athens finance ministry for the sin of designing a “Plan B”, a parallel system of euro liquidity ...

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