Banks

David Rosenberg: Another reason Toronto’s real estate market may keep defying skeptics

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Well, well, the big bet from the Canadian housing market, especially in the Greater Toronto Area, has still didn\’t take hold. Yet this is the primary reason U.S. hedge funds have reportedly been adding to their short positions on Canadian bank stocks. Home sales nationwide hit a five-year full of May, with average resale prices up eight percent, led by ...

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Valeant Pharmaceuticals International Inc expands in Middle East with $800-million purchase of Amoun

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LAVAL, Que. – Valeant Pharmaceuticals International, Inc. said it will buy a significant Egyptian pharmaceutical company for about US$800 million as a platform for further expansion in the centre East and North Africa. The Quebec-based company reported?Friday?it features a definite agreement to purchase Amoun Pharmaceutical from Mercury (Cayman) Holdings. Valeant CEO?Michael Pearson said he hopes the organization will be able ...

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Why BlackRock is balancing lower-risk plays with upside hedges

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Risk is everywhere on capital markets, from lofty valuations and uncertainty within the U.S. Fed tightening to the crisis in Greece and China’s equity market blow-up, but positive returns continue to be to be had for investors who are selective using their holdings, says a brand new report in the world’s largest asset manager. “We balance this using the knowledge ...

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Analysts showing appetite for Restaurant Brands International

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The $US12 billion merger between Burger King Worldwide Inc. and Tim Hortons Inc. late last year has already repaid nicely for investors who own shares within the new combined entity referred to as Restaurant Brands International Inc. But the stock, that is up 16 per cent since its debut, has more room to run over the the coming year, says ...

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Valeant passes RBC as Canada’s largest company by market value

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Valeant Pharmaceuticals International Inc., the drugs company on an acquisition streak, surpassed Royal Bank of Canada because the country\’s largest company by market price on the Toronto Stock market. Valeant surged 4.5 percent to $326.10 per share for any market value of $111.3 billion (US$85.7 billion) at 11:21 a.m. in Toronto. That eclipsed Royal Bank\’s $108.3 billion market price, according ...

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Where to find better bond yields

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Canadian bond investors have a tendency to follow the rhetoric they hear out of the U.S. – and even for good reason. The U.S. Federal Reserve’s near-zero rate of interest policy remains the primary driver of fixed-income markets in Canada in addition to around the globe. The U.S. central bank’s ultra-loose monetary policy and expectations for any healthy economic rebound ...

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U.S. trading revenues a sign of caution for Canadian banks

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Better-than-expected second-quarter results for most U.S. financials bode well for Canadian banks in the third quarter, but trading revenues are expected to be a major factor driving sector valuations. The healthy results by U.S. banks were marked by positive net interest income, steady asset growth and stable margins. However, Barclays analyst John Aiken noted that trading revenues showed indications of ...

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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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Greek stocks sink most in decades as market reopens to crisis: ‘It’s like hell here’

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Greece\’s stock market reopened after five weeks towards the most savage wave of selling in decades, underlining a crisis that\’s crippled the economy and pushed the nation\’s euro membership towards the brink. Banks led the plunge following the shutdown, that was due to capital controls to avoid the lenders from bleeding more deposits. Piraeus Bank SA and National Bank of ...

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All eyes on the Fed! What you need to know before markets open

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U.S. stock index futures are rising today on hopes that Beijing could stem the rout in the markets and ahead of a statement in the U.S. Fed that could give clues concerning the timing of a rate hike. Investors are focused on the outcome from the Fed\’s two-day policy meeting with markets divided on whether or not this will take ...

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