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Cineplex sees concession sales soar to record heights

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TORONTO – Moviegoers chowed down on more popcorn and burgers at Cineplex theatres over the winter, helping concession sales climb to record heights as audiences absorbed Hollywood hits like \”American Sniper\” and \”Fifty Shades of Grey.\” Canada\’s largest movie theatre company said Friday that average concession spending jumped 2.6 percent to $5.18 per patron as customers responded to a broader ...

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Analysts bullish on GoDaddy Inc

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A little of the lustre on GoDaddy Inc. shares has come off since its successful market debut on April 1, but analysts seem very confident that more gains are coming. The website-hosting service jumped more than 30 per cent on its first trading day, but has since retracted about five percent. RBC Capital Markets and J.P. Morgan – both underwriters ...

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It’s back on in Germany as DAX traders send $570 million to ETF

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German stocks, rejected by investors in April, are luring it well in May. Buyers added probably the most in a year – a lot more than 570 million euros (US$638 million)- towards the biggest exchange-traded fund tracking the equities last week. The benchmark DAX Index had its biggest jump in two months on Friday, and options data show traders are ...

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Apple Inc shares will surge to US$240, Carl Icahn says in call for bigger buyback

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Apple Inc., which already announced it had been boosting its capital-return program by US$70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. The market continues to misunderstand the producer of iPhones and iPads and the company\’s shares count US$240, 86 per cent above where they closed Friday, the billionaire activist investor said. That ...

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Why investors need to ignore futile investment forecasts

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It\’s been a fascinating past fourteen days with the New Democratic Party winning the Alberta election, the Calgary Flames getting eliminated in the playoffs and I ruptured my Calf msucles at a father-son pickup the game of basketball. The one thing the 3 events have in common is that Never imagined any of them would happen. Perhaps there is a ...

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Why Quebecor Inc stands out in the Canadian telecom sector

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TD Securities analyst Vince Valentini is pounding the table on Quebecor Inc., telling clients not one other stock within the Canadian telecom space provides the same combination of value and growth. He believes the seven-per-cent pullback in Quebecor shares since the company reported first-quarter results is “completely unwarranted.” The company’s initial phase wireless business had record average revenue per user ...

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Five tales from the trenches: An ex-portfolio manager divulges what it’s really like

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Investors and friends always used to ask me what being a portfolio manager was like. Sometimes, like in a conference for instance, I couldn\’t really tell the stories I wanted to. I needed to keep things professional and, obviously, in sales mode, since many portfolio managers do. Now that I no longer manage money, though, I can reveal several stories ...

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Are investors getting ready to bet against Canada — again?

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Investors betting against Canada isn’t new and it certainly didn’t work the final time investors felt so pessimistic concerning the country’s future. But a lot of short money is sitting on the sidelines and watching the Canadian banks following the crash in oil prices and also the resulting damage to the country’s economy. Six reasons the world should be paying ...

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

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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 ...

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North American markets pull back sharply on disappointing GDP reports

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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. ...

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