Financial

Canada lags again: Why the country is a stock picker’s playground

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A slumping economy, precarious oil prices, over-leveraged consumers and a possible housing bubble ready to burst: Canada isn’t looking so good these days. Throw inside a lack of diversification and it\’s little wonder why the country’s primary equity market continues to lag its global counterparts heading into the back 1 / 2 of 2015. There just isn\’t much for investors ...

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European markets give weary cheer as Greek talks reach deal

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LONDON – European markets gave a weary cheer on Monday as eurozone leaders emerged from-all night talks in Brussels with a deal to keep Greece afloat and area of the euro currency union. European Council President Donald Tusk announced just as trading started for the week that after months of tortuous negotiations, marathon overnight talks had achieved another bailout for ...

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Why it’s time for Stephen Poloz to swallow his pride and cut rates again

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Earlier this year, not so good news for the economy was great news for stock markets. Just about every time some troubling economic data were released in the United States, stock markets rebounded. The S&P/TSX composite index, meanwhile, climbed by nearly five per cent in the four weeks following the Bank of Canada\’s surprise rate decline in January. Why the ...

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TSX closes higher after Bank of Canada cuts interest rate

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TORONTO – Canada\’s main stock index rose on Wednesday after the Bank of Canada cut rates of interest to try to stimulate a sputtering economy, helping lift the shares of financial companies. The benchmark Canadian index wound up for a fourth straight session, benefiting now from a bailout deal reached by Greece and its creditors. The Bank of Canada cut ...

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Home Capital Group Inc is used to critics saying it’s vulnerable to a housing pop

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TORONTO – For the growing number of short sellers betting against Canada\’s uncomfortably hot housing industry, Home Capital Group Inc.’s massive stock sell off this week was as gratifying as it gets. The stock dived 19 per cent Monday and short positions shot up after the company revealed that new mortgages were much lower than expected within the second quarter, ...

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David Rosenberg: Why the Bank of Canada cut now

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The Bank of Canada cut interest rates by 25-basis points, leaving the bank with one more bullet within the chamber before it might have to go non-conventional. Hopefully, we will get a fiscal response instead, but I\’m not holding my breath. Bank of Canada cuts rate, guts loonie, confirming it will likely be an ugly year for the Canadian dollar ...

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Investors should dip their toes in US$1T water market

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Investors searching for the next big theme to wrap their cash around might want to take a closer look at California’s ongoing water crisis, says Beijia Ma, a thematic investing strategist at Bank of the usa Merrill Lynch. The unprecedented drought in the Golden State, that is now in its fourth year, is expected to drive a US$1-trillion market opportunity ...

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Loonie falls further following big drop on Wednesday, stock markets close higher

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TORONTO – The loonie continued to slide on Thursday, reaching its minimum since March 2009 after losing more than a cent against the greenback following the Bank of Canada\’s rate cut on Wednesday. The Canadian dollar declined 0.3 of the cent to shut at 77.10 cents U.S. on the day after the central bank cut a quarter-point from the benchmark ...

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Why there’s no bubble in biotech

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Investors looking for proof of how hot biotech stocks are these days don’t need to look beyond Valeant Pharmaceuticals International Inc., that has quickly become Canada’s best company having a market cap of $115 billion. Venture capital investors are flocking to burgeoning biotech startups The biotech industry and it is investors this week anxiously awaited the clinical test outcomes of ...

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Is this the beginning of the end for dividend ETFs?

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Dividend ETFs are on fire, and not in a great way. Exchange-traded funds that use a variety of strategies to invest in dividend-paying stocks happen to be a no-brainer because the financial crisis, as income investors have confronted artificially low interest rates. But after many years of inflows that swelled assets to US$100 billion, dividend ETFs have experienced an outflow ...

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