Financial

BitGold begins trading on TSX Venture Exchange as gold transaction platform builds momentum

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Roy Sebag and Josh Crumb started their business with one simple guiding principle. \”We wanted to be able to go into Tim Hortons and buy a coffee with gold, with our credit card or debit card,\” Sebag said in an interview. \”It went from being a hobby of how to do that to this whole company.\” Investors will begin to ...

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U.S. oil production is declining at a faster pace

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Investors looking for a bullish case for oil will probably be pleased to hear that the downtrend in U.S. oil production is accelerating. A new forecast in the?U.S. Energy Information Administration calls for crude oil production from new wells to dip to 263,000 barrels per day (bpd) in June – the lowest level in two years. Stfane Marion, chief economist ...

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Amaya Inc joins battle to buy Bwin.party

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GVC Holdings Plc, a London-listed gambling online company, is teaming up with Canadian gaming titan Amaya Inc. in its effort to get Bwin.party Digital Entertainment Plc and thwart an adversary bid from 888 Holdings Plc. The possible takeover of Bwin.party by GVC, announced May 15, would be financed jointly with Amaya, the Isle of Man-based company said in a statement ...

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Morgan Stanley: These are the 30 best stocks to hold for the long run

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Forget about exchanging stocks within a matter of days or months. Morgan Stanley has gone out with a new note recommending 30 firms that you should hold until 2018. That\’s not saying you should then sell them in 2018, it\’s to state that Morgan Stanley believes these businesses are poised to do well over the next three years. This is ...

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Why volatility can be an investor’s best friend

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Stock market volatility is usually held up being an investing bugaboo, however it should not be feared since it creates possibilities to generate some pretty healthy returns. But investors will need to pick their spots given the valuation run-up recently and the chance of significant equity market pullbacks as rates of interest rise. Andrew Hamlin and Vivian Lo, portfolio managers ...

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Interest rate hike coming this year, Fed chair Janet Yellen says in upbeat speech

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Federal Reserve Chair Janet Yellen said she still expects to boost interest rates this year if the economy meets her forecasts, having a gradual pace of tightening to follow along with. The DIY investor\’s help guide to portfolio building It\’s hard enough for the experts to manage a stock portfolio let alone a novice, so most do-it-yourself investors should consider ...

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Bank of America: The biggest risk to global stocks is exactly the opposite of what most people think

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No one knows for sure when the Fed can make its first rate hike in nearly ten years, but Bank of America says most people are ignoring an interesting risk: that the Fed doesn’t hike and actually embarks on another round of QE. Here’s an excerpt from the note sent by the firm and lead analyst Savita Subramanian. Bond swings ...

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Foreign investors snapped up most Canadian stocks on record in first 4 months of year

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OTTAWA – Foreign investors bought Canadian securities for that fourth straight month in April, snapping up $12.94 billion to create a new record for that opening 4 months of a year, Statistics Canada said on Tuesday. Non-residents bought $5.04 billion in Canadian bonds, led by investment in federal government bonds, in addition to $4.24 billion in money market paper and ...

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Buy Lundin now, HudBay later: Desjardins

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Lundin Mining Corp. and HudBay Minerals Inc. are generally copper miners and have similar market caps. Lots of investors buy both stocks in tandem when they want copper exposure, but Desjardins Securities analyst Jackie Przybylowski offers another strategy. “While Lundin remains attractively valued and it has the best possibility of positive stock price catalysts soon, early 2016 could present a ...

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When the U.S Federal Reserve hikes rates, who wins, who loses, who draws

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The longest drumroll within the 102-year history of the Federal Reserve precedes its next interest-rate increase. That doesn\’t mean some of its effects will not be surprising. Investors can pay now for Fed rate hike, or pay more later Investors will pay now, or may more later because the longer the Fed waits to boost rates, the greater damage it ...

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