Tag Archives: Price

Onex share price looking attractive for long-term investors

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RBC Capital Markets lowered its price target on Onex Corp. on Wednesday, but said the stock has become an attractive choice for long-term investors. The Toronto-based private-equity firm has long been a popular stock with investors seeking to time the marketplace. But RBC said the company’s strong development in the past few years means a longer-term view has taken hold. ...

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Shopify Inc hikes IPO price on strong demand for Ottawa-based startup

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Ottawa-based Shopify Inc. has grown the size of its initial public offering. Instead of raising US$107.8 million through the sale of 7.7 million subordinate voting shares the organization now plans to raise US$141.7 million via the sale of 7.7?million shares each priced at a maximum of US$16 a share assuming that the 15 per cent over-allotment option is exercised. Given ...

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Coal price settlement is above spot prices

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Steelmaking coal prices happen to be plunging in the last year, forcing companies to chop production or shut mines permanently. With the market remaining stubbornly oversupplied, there is some concern on the market that contract prices within the third quarter could be really bad. So there was some relief this week when a key benchmark contract was settled at US$93 ...

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Vanguard Group Inc. price cuts rattle the brokers who sell its funds

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The Vanguard Group Inc., which in 4 decades became the biggest mutual fund company by selling low-priced, market-matching funds, is competing with some of its best customers – the brokers and advisers who funnel client assets to the fund C?by offering personalized plan to investors with more than US$500,000. Making things worse for outside advisers, Vanguard is charging 0.3 % ...

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Facebook surpasses Wal-Mart in stock price valuation, knocking retail chain out of top 10

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NEW YORK – Facebook has become bigger than Wal-Mart, a minimum of when it comes to its value on the stock market. The world\’s biggest online social network knocked the world\’s largest retailer out of the top 10 listing of the highest-valued companies within the Standard & Poor\’s 500 index on Monday and the gap widened on Tuesday. Related Why ...

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Demand not enough to boost oil price

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Strong global demand for oil is insufficient to offset a strong supply outlook that has driven prices back below US$50 per barrel, and Saudi Arabia no more appears to have the necessary market clout to change prices. “This remains a supply-driven market,” said Michael Tran, a New York-based commodity strategist at RBC Capital Markets. “Supply drove us into this low ...

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Potash Corp. downgraded despite low share price

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Potash Corp of Saskatchewan Inc. was slapped having a downgrade at Raymond James as a result of deteriorating fundamentals within the global potash market. North American potash prices experienced a clear, crisp correction this spring because of weak demand and a spike in international imports. Even though global shipments remain healthy and the weak Canadian dollar boosts Potash Corp.’s cost ...

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TSX closes higher as oil price rise boosts energy sector

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TORONTO – The Toronto Stock Exchange rose for a second day, pushed higher by strength in the energy sector and a rising price for oil. The S&P/TSX composite index rose 224.44 suggests close at 14,301.80. In the U.S., the Dow Jones industrial average climbed 121.12 suggests close at 17,751.39, while the Nasdaq gained 22.52 suggests 5,111.73 and also the S&P ...

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