Alamos Gold completes AuRico takeover, but risk remains


Alamos Gold Inc. a week ago completed its purchase of AuRico Gold Inc., an offer that makes it a mid-tier gold producer. Alamos presently has much greater scale, which should help it withstand a rough gold price environment. An optimistic re-rating from investors can also be possible. However, the combined company faces numerous challenges, TD Securities analyst Steven Green said. ...

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Will China’s stock market crash scare consumers from spending?


Policymakers in Beijing have spent much of the past few years trying to unlock the untapped potential of Chinese consumers given that they account for only 36 per cent of China’s gross domestic product, compared with the United States\’ roughly 66 per cent. But the collapse in Chinese stock prices, which have plummeted nearly 30 per cent since their mid-June ...

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How is Prem Watsa’s bet on Greece panning out? At the moment, not that great


Prem Watsa has made a lot of good bets since starting their own investment firm more than three decades ago. Fairfax Financial Ltd chief Prem Watsa tells his \’Horatio Alger\’ story Horatio Alger, the 19th century American author, was renowned for his novels for kids – Ragged Dick, Tattered Tom, Luck and Pluck, and Strive and Succeed – that shared ...

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Canadian stocks to wobble after Bank of Canada rate cut


Canadian bank stocks might experience some temporary weakness following the Bank of Canada announced of another 25 basis point rate cut on Wednesday. John Aiken, analyst at Barclays Capital Markets, said share prices for the “Big 6” underperformed the broader market after the BoC’s surprise 25 basis point rate cut in January, with valuations dropping seven per cent on average ...

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Tough times for Canadian mortgage stocks


Canadian mortgage companies continue to be a tough place to navigate for investors due to recent weakness throughout the economy stemming from the pullback in energy, as well as high housing activity and value growth in several key markets. The sector has significantly underperformed the broader financial space to date in 2015, reflecting cautious sentiment toward Canadian housing in general, ...

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Will the Bank of Canada have to start looking at QE soon?


There is a new debate brewing in Canadian economic circles following last week\’s rate of interest cut: will the Bank of Canada need to start considering bringing out the monetary bazooka? The debate about unconventional policy measures, which include quantitative easing – the very same tool the U.S. Federal Reserve deployed within the years after the financial crisis -?is heating ...

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IBM Corp drops after revenue declines for 13th straight quarter


IBM fell after reporting second-quarter sales declines across all its major sections, missing analysts\’ estimates and marking the 13th straight duration of falling revenue. Profit excluding some items was $3.84 a share, International Business Machines Corp. said in a statement Monday, beating the $3.78 average projection from analysts as reduced administrative and research costs offset declines in the services and ...

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Is there a turn around ahead? AGF Investments chief still has work to do


Kevin McCreadie for the past year has been getting up at 3 a.m. every Monday to catch a 6 a.m. flight from Baltimore, his current residence, to Toronto, where he works. The U.S.-born president and chief investment officer of AGF Investments Inc. was specifically hired last year to turn round the struggling money manager, carrying out a year-long global search ...

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Toronto stock market closes lower, led by declines in mining and gold


TORONTO – The Toronto Stock Exchange closed lower Thursday, led by declines within the metals and mining and gold sectors, as the loonie continued its slide, hitting its lowest closing price in additional than a decade for the second day consecutively. The S&P/TSX composite index fell 41.75 suggests close at 14,265.37. The metals and mining sector from the TSX was ...

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Taking a global view on investing in Canadian stocks


Canadian dollar weakness, disappointing growth prospects and two interest rate cuts through the Bank of Canada are earning many global investors fearful of Canada’s equity markets these days, not to mention the bear market in lots of commodities. But it wasn’t so long ago that sentiment was pretty bullish on Canada. By early 2015, United states stocks had significantly rebounded ...

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