Info

Quebec could be unfriendly turf for SNC-Lavalin Group’s foreign suitors

snclavalin2.jpg

MONTREAL – In a?province that protects its very own and has a history of giving foreign?buyers?a frosty reception, Quebec’s political will is viewed as a major hurdle?for?any suitor circling SNC-Lavalin Group Inc. Foreign buyers target SNC-Lavalin Group Inc with takeover ambitions: \’People are circling\’ SNC-Lavalin Group Inc. continues to be approached \”informally\” by a minimum of two large foreign engineering ...

Read More »

North American markets pull back sharply on disappointing GDP reports

0529tsx.jpg

TORONTO – United states stock markets closed deeply at a negative balance in a broad-based decline that followed the release of disappointing economic growth figures on sides of the border. The S&P/TSX composite index finished the final trading day\’s May down 92.91 points at 15,014.09, with the energy sector helping to limit the harm as oil prices turned sharply higher. ...

Read More »

WhiteWave Foods Co. Plans to acquire Vega for about US$550 million

silk.jpg

WhiteWave Foods Co., the dairy producer known for its Silk milk alternatives, agreed to buy nutrition food company Vega for about US$550 million in cash. The Denver-based company will fund the purchase under its existing US$1 billion revolving credit line, it said inside a statement on Tuesday. Vancouver-based Vega, founded in 2004, sells plant-based powdered shakes and snack bars. It ...

Read More »

Health-device maker Fitbit Inc hikes IPO goal by up to 37%

fitbit1.jpg

Fitbit Inc., the producer of wearable devices that collect data on exercise and sleep patterns, boosted the target size of its dpo by as much as 37 per cent to US$655.5 million. Fitbit and it is stockholders plan to offer 34.5 million Class A shares for US$17 to US$19 apiece, based on a prospectus filed Tuesday. In the high end ...

Read More »

Investors can pay now for Fed rate hike, or pay more later

0615janetyellen.jpg

If the U.S. Federal Reserve leaves interest rates unchanged at its Wednesday policy meeting not surprisingly, it will please lots of equity investors who have greatly benefited from the central bank’s zero rate of interest policy over the past six years. But in other words the old oil filter commercial: Investors will pay now, or pay later. The Fed’s ongoing ...

Read More »

What today’s retail sales and inflation data say about the Canadian economy

target.jpg

Data from Statistics Canada on Friday revealed retail sales disappointed in April while inflation was stronger than expected. It was more confusing data about precisely how well the Canadian economy is rebounding following a dismal first quarter, in which gross domestic product shrank an unexpected 0.6%. Nevertheless, listed here are five themes in Friday’s data that Canadians should pay attention ...

Read More »

Is political contagion the bigger Greece risk?

greece_tsipras.jpg

Financial contagion is the big concern this morning?as talks between Greece and it is creditors have collapsed for that umpteenth time. Greece is dangling on brink of euro exit – and financial markets are finally getting worried Greece is on the point of economic meltdown as Germany looks poised to push the country out of the eurozone and financial markets, ...

Read More »

Global investors are shifting to Europe for better returns

buyandsell.jpg

For global investors who can literally go anywhere, developed markets happen to be an attractive place to be during the past few years as a source of both dividend growth and the best risk-adjusted returns. It’s driven a lot of money into U.S. stocks, where valuations are still reasonable and the business cycle continues to be in its middle stage. ...

Read More »

TSX sharply lower; New York markets give back chunk of Thursday gains

0619trader.jpg

TORONTO – The Toronto stock exchange finished with a triple-digit loss Friday amid weak commodity prices along with a disappointing read on retail sales that underlined the still-fragile nature of Canada\’s economic recovery. The S&P/TSX composite index closed down 117.52 points at 14,653.12 as oil and metals prices retreated. Meanwhile, Statistics Canada said retail sales fell 0.1 per cent to ...

Read More »

Five scenarios for Greece in the coming days

greece16.jpg

Talks have divided between the Greek government and its creditors and financial markets are panicking about Greece’s fate. Whether Greece leaves the eurozone or not, it is going to a world of pain Chidley: The economic crisis in Greece will deepen, leading to more social unrest. But will the Greeks\’ pain become Europe\’s – and also the world\’s? Continue reading ...

Read More »