Financial

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

janet-yellen.jpg

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 ...

Read More »

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

tsxe28093bloom.jpg

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 ...

Read More »

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

yellen1.jpg

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 ...

Read More »

Buy Lundin now, HudBay later: Desjardins

6_smelter_pour.jpg

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 ...

Read More »

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

u-s-dollar.jpg

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 ...

Read More »

Oil roller coaster to continue

oilbarrels31.jpg

Oil is expected to swoon again in the weeks ahead but should eventually settle greater than current levels sometime next year, says TD Economics in its latest update on crude prices. “There\’s considerable risk for an additional leg down in prices within the coming months,” Dina Ignjatovic, an economist in the bank, said in a note to clients. “Overall, we ...

Read More »

Martha Stewart Living shares slide after $353-million takeover bid: ‘A fizzle-out end for once empire’

0622martha.jpg

Martha Stewart Living Omnimedia Inc. slumped around 14 per cent after Sequential Brands Group Inc. made an offer to buy the home-decor company for US$6.15 a share, below its closing price on Friday. Investors had anticipated a greater price. Through Friday, the shares had jumped 37 percent over 2 days amid reports of the imminent takeover by Sequential Brands, who ...

Read More »

What is the worst that could happen if Greece actually defaults?

greece4.jpg

The threat of Greece defaulting is all over the headline news, but investors apparently couldn\’t care less. Is political contagion the bigger Greece risk? Financial contagion may be the big concern today as talks between Greece and its creditors have collapsed for the umpteenth time.Read on European stocks actually rose Tuesday despite the fact that Greece seems to be on ...

Read More »

Who are the takeover targets as energy money moves out of Alberta?

0226oil.jpg

The uncertainty surrounding Alberta’s policy on gas and oil royalties has already caused several companies to shift capital into other provinces, and this should come as no surprise. Premier Rachel Notley and her newly-elected NDP government promise to move quickly on their own royalty review, and description how the process works by the end of summer time. The economic environment ...

Read More »

Facebook surpasses Wal-Mart in stock price valuation, knocking retail chain out of top 10

0623facebook.jpg

NEW YORK – Facebook has become bigger than Wal-Mart, a minimum of when it comes to its value on the stock market. The world\’s biggest online social network knocked the world\’s largest retailer out of the top 10 listing of the highest-valued companies within the Standard & Poor\’s 500 index on Monday and the gap widened on Tuesday. Related Why ...

Read More »