Info

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

07058china.jpg

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 ...

Read More »

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

0703premwatsa.jpg

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 ...

Read More »

Canadian stocks to wobble after Bank of Canada rate cut

royalbank1.jpg

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 ...

Read More »

Tough times for Canadian mortgage stocks

0128house.jpg

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, ...

Read More »

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

bankofcanada8.jpg

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 ...

Read More »

IBM Corp drops after revenue declines for 13th straight quarter

ibm1.jpg

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 ...

Read More »

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

guy3.jpg

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 ...

Read More »

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

0723trader.jpg

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 ...

Read More »

Taking a global view on investing in Canadian stocks

0728braun.jpg

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 ...

Read More »

Precision Drilling Corp. upgraded, dividend hike expected

precisiondrilling.jpg

It may seem strange to listen to that an energy-related clients are being upgraded, but that’s precisely what happened for Precision Drilling Corp. The Calgary-based oilfield services company got a ratings lift to outperform from neutral at Scotiabank after its second-quarter results showed its resiliency. Despite management’s acknowledgement that there\’s very little visibility at the macro level, with no expectation ...

Read More »