Tag Archives: Canadian

The best 11 Canadian stocks to buy in June


We asked our top analysts for his or her favourite stocks to purchase this month. Kay Ng: Canadian Western Bank (TSX:CWB) Canadian Western Bank (TSX:CWB) remains my top idea from recently. Canadian Western is really a regional bank offering personal and business banking services over the four western provinces. It\’s even cheaper than last month, dropping from $31 to $28. ...

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Foreign investors snapped up most Canadian stocks on record in first 4 months of year


OTTAWA – Foreign investors bought Canadian securities for that fourth straight month in April, snapping up $12.94 billion to create a new record for that opening 4 months of a year, Statistics Canada said on Tuesday. Non-residents bought $5.04 billion in Canadian bonds, led by investment in federal government bonds, in addition to $4.24 billion in money market paper and ...

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Foreign demand for Canadian housing a bright spot for struggling economy


The Canadian economy tanked in the first quarter, and April\’s data C like basically non-existent growth in consumer spending C don\’t exactly cause you to feel things are getting better anytime soon. Our manufacturers should be picking up the slack developed by low oil prices, there is however little evidence in export or business investment data that Canada\’s non-energy companies ...

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Canadian Pacific Railway looking for a rebound


Canadian Pacific Railway Ltd. has been around a bit of a slump, but the stock might be set to recover after falling 12 percent so far this season. “CP is our favorite railroad because it is the best at school operator,” said Stephen Boland, analyst at Odlum Brown, in a note to clients that reiterated his buy rating and $235 ...

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Loonie overvalued by 10%, dragging on Canadian growth: CIBC


CIBC World Markets says the loonie has been overvalued by 10 per cent since the recession, that has saddled Canadians using the equivalent of a 90 basis point higher interest rate from the Bank of Canada. “Oil\’s tumble has brought the Canadian dollar down with it,” said Nick Exarhos and Avery Shenfeld, economists at CIBC World Markets. “But our currency ...

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Latest Great White Short on Canadian banks not working out: ‘Hedge funds better know what they’re doing’


It looks like round two Great White Short isn\’t playing out the way the short sellers had hoped. For the very first time since 2014, analysts have turned positive on earnings for Canada’s bank stocks, after spending most of 2015 making negative revisions.?Analysts now forecast earnings development of 5 per cent for Canadian banks within the next 12 months, boosted ...

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Pity the Canadian investor, stuck between a foundering domestic economy and global uncertainty


The Greek debt crisis, regardless of anything else, has succeeded in inspiring folks to clean up on their historical and mythological references. Just type \”Beware of Greeks bearing gifts\” into Google News, and you\’ll see what I mean. Even though the allusion box is already full to overflowing, here\’s another: Investors today are just like Odysseus navigating the troubled waters ...

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TSX rises, Canadian dollar falls as U.S. markets shut for holiday


TORONTO – The Toronto stock market closed higher see how to avoid trading Friday in front of a weekend debt referendum in Greece, while the loonie slid lower amid fears about a recession in Canada. The S&P/TSX composite index closed up 44.40 points at 14,682.39 after rising almost 148 points the prior two trading days. But Canada\’s main market was ...

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Why Canadian investors should brace themselves for a long, and occasionally frightening, second half


The latest cut to the Bank of Canada\’s benchmark overnight rate was probably an essential move. But in some ways it had been also a troubling one. Uh oh, we're not in Kansas anymore! Appears like it's going to be an ugly year for the Canadian dollar The perfect storm from the Bank of Canada rate cut, weak oil prices, ...

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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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