Tag Archives: Canada

How WSP Global is emerging as Canada’s engineering consulting giant

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MONTREAL – WSP Global leader Pierre Shoiry says that as he presents the company’s strategy for the next 3 years at the shareholders meeting on Thursday, it’s likely to look a lot like the plan set out in 2012. \”It\’s going to be much more of exactly the same,\” said Shoiry at the?engineering consulting firm’s headquarters in Montreal. This is ...

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Buy Canada back in vogue as foreign investment in securities jumps most since May 2012

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OTTAWA – Foreign investment in Canadian securities jumped to $22.47 billion in March, the biggest inflow since May 2012, as investors acquired corporate bonds and stocks, data from Statistics Canada showed on Friday. Non-residents invested $20.96 billion in Canadian bonds, reflecting strong new issue activity. Investors purchased $17.03 billion in Canadian corporate bonds, the highest since October 2001. Canadian investors ...

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National Bank of Canada’s profit rises 12.5% on financial markets business

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National Bank of Canada, the very first of the country\’s lenders to report second-quarter results, said profit rose 12 per cent on gains from selling shares in Fiera Capital Corp. and higher capital markets earnings. The firm increased its dividend 4 per cent. Net income for the fiscal period ended April 30 climbed to $404 million, or $1.13 a share, ...

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Canada’s telecom sector gets first upgrade in two years from TD

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TD Securities upgraded its rating on Canada’s telecom sector the very first time in two years Monday. Wireless companies Telus Corp., Rogers Communications Inc. and BCE Inc. would be the main reason for that upgrade from underweight to market weight. TD had earlier feared that major regulatory decisions this season, as well as a pair of spectrum auctions, would hurt ...

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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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Bank of Canada’s dovish economic outlook fuels loonie’s fall

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So much for that rally within the Canadian dollar. The dollar fell again Wednesday following dovish comments in the Bank of Canada that voiced concern about the damage a powerful loonie could do in order to the Canadian economy. The currency was down 0.23 cents, or 0.28 per cent, to US$80.26. The loonie has slid roughly four percent in the ...

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Profit beats for Canada’s banks mask challenges ahead

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Canada’s biggest banks are actually five for five this earnings season after Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce all reported second-quarter earnings that topped?estimates?on Thursday. However the beats were?largely on the back of growth in the notoriously volatile capital markets business, there are signs the banks are girding for additional economic uncertainty. Indeed, tepid ...

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Why the sky still isn’t falling on Canada’s real estate market

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American economist Paul Samuelson back in 1966 famously said of the predictive power of stock markets that \”Wall Street has correctly predicted nine out of the last five recessions.\” Nowadays, you could say much the same thing, in a different way, about the Canadian housing market. At $1.11 million, Toronto\’s detached home is climbing further from reach As the Toronto ...

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Canada Pension Plan said to be in talks about acquiring General Electric’s buyout-lending business

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Canada Pension Plan Investment Board is within talks to buy Whirlpool Co.\’s U.S. private-equity lending business because the company accelerates plans to shed most of its finance operations, people acquainted with the matter said. Canada Pension, the nation\’s largest pension-fund manager, is working with Credit Suisse Group AG to arrange financing for any deal that will value the unit\’s equity ...

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Canada’s investment industry urges regulators to ‘step back’ from strained credit markets

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Canada\’s investment industry association is urging regulators to back off shaky global credit markets. Liquidity in global bond markets has already been low, and proposed reforms?“run considerable chance of further debilitating” the credit market, warns Ian Russell, leader of the Investment Industry Association of Canada. Canada is relocating lockstep with European and U.S. regulators to overhaul the financial system, and ...

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