Markets

TSX advances, Wall Street turns lower on mixed U.S. jobs report

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TORONTO – United states markets were mixed Thursday, with the Toronto Stock Exchange advancing while New York markets turned lower. At mid-afternoon, the S&P/TSX composite index was ahead 79.41 points at 14,632.74 as trading resumed following a one-day break for Canada Day. The Canadian dollar fell below the 80-cent US mark the very first time since early June, shedding 0.39 ...

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China’s brokers dust off Wall Street playbook from 1929 crash as investors look to stem rout

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On Wall Street in 1929, it had been the great banking houses of J.P. Morgan and Guaranty Trust Company. Forget about Greece as it were – China might be a much bigger problem If for just a few minutes, try to forget about Greece – as many would surely wish to – and spare a concept for another possible trouble ...

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New York Stock Exchange resumes equity trading after outage of more than 3 hours

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The New York Stock Exchange halted trading for 3 1/2 hours due to a computer malfunction, forcing traders to route orders elsewhere in a drama that also highlighted the resilience of U.S. market structure. The suspension, lasting from 11:32 a.m. to simply after 3 p.m. New York time, dropped the largest U.S. share platform from the network of trading strategies ...

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Aetna Inc to buy Humana Inc for $37 billion in largest insurance deal ever

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Health insurer Aetna Inc said it would buy smaller rival Humana Inc for around $37 billion in cash and stock, within the largest ever deal in the insurance industry. The combination will push Aetna close to Anthem Inc\’s No.2 insurer spot by membership, and would nearly triple Aetna\’s Medicare Advantage business. The deal will face antitrust scrutiny but when it ...

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TSX falls sharply lower for second day despite U.S. boost

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TORONTO – The Toronto stock exchange was sharply lower for a second consecutive day Thursday as investors seemed to ignore the positive news from overseas that cheered traders south from the border. The S&P/TSX composite index closed down 133.58 points at 14,278.49, adding to a big decline of 212 points in the previous session because the International Monetary Fund cut ...

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5 things investors should know, but don’t

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Investing should be a continuous educational process. You can never know everything. But if one day you do think you have it finally all determined, you can bet then your portfolio will inflate. We have found that even after 30 years of investing (more should you count a round-trip gain and loss at age 11), we still discover something everyday ...

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Management the key to mining investments that survive, consolidate and grow

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Marin Katusa is a well-known expert within the resource space, assisting to found companies such as Copper Mountain Mining Corp. and Cuadrilla Resources Ltd., as well as being a New York Times Bestseller author and a former strategist at Casey Research. But even with large positions in a number of commodity producers, Katusa continues to be very bearish since November ...

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Can Quebecor Inc really afford to purchase an NHL team?

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To get a sense of how eager Quebec would be to land an NHL franchise, take a look at one of its most prominent corporations. Quebecor Inc. didn\’t waste whenever in publically declaring its intention to bring a team to La Belle Province, once NHL commissioner Gary Bettman at the end of June announced a proper process to consider expansion. ...

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Pity the Canadian investor, stuck between a foundering domestic economy and global uncertainty

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The Greek debt crisis, regardless of anything else, has succeeded in inspiring folks to clean up on their historical and mythological references. Just type \”Beware of Greeks bearing gifts\” into Google News, and you\’ll see what I mean. Even though the allusion box is already full to overflowing, here\’s another: Investors today are just like Odysseus navigating the troubled waters ...

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Active ETFs gain in Canada as challenge to high-fee mutual funds

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Actively managed exchange-traded money is surging in Canada, posing challenging to the mutual-fund industry that Morningstar says has one of the highest management fees on the planet. Assets in actively traded ETFs jumped to around $7.33 billion as of May 31, up almost Half from a last year, according to data published by Bloomberg. The funds, which hire portfolio managers ...

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