Investment

TSX, Wall Street, loonie rally on oil prices, encouraging economic signs

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TORONTO – A spike in oil prices helped push the Toronto stock market sharply higher, while the loonie had a solid boost from some encouraging economic data from Ottawa. The S&P/TSX composite index climbed 121.75 suggests 12,982.10, capping a fourth-straight day’s gains. Much of the strength was associated with another rise in oil prices after Russia hinted that the deal ...

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Barclays Capital gets downright bearish on Canada’s banks, slashes price targets an average of 20 per cent

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Barclays Capital announced steep cuts to the price targets for Canada’s banks ahead of their earnings reports later this month. John Aiken, financial services analyst with Barclays Capital, reduced his 12-month price targets on Canada’s big banks by an average of almost 20 percent Wednesday, saying all six could be unlikely to post positive earnings growth this season. “While we ...

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Meet the Canadian who developed a ranking system for all 3,141 U.S. counties

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If nothing else the numbers are staggering – 2 million data points. But that’s the outcome whenever you attempted to the build the very first available within the U.S., a ranking system based on social and economic factors for all of the 3,141 counties for the reason that country. In all, the rankings, compiled in Canada, are based on 36 ...

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Corus to Catalyst: Thanks but no thanks for proposed rights offering

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The Corus/Shaw Communications/Catalyst battle – a battle over valuations, financial disclosure and the allocation of worth away from the Corus minority – reached a predictable level this week when the target rejected an offer for any rights offering where all shareholders would participate. As a part of its information circular, Catalyst, which holds 321,000 Class B Corus shares, said “the ...

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Valeant Pharmaceuticals International Inc, troubles rising, changes its pitch to calm investors

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Back when its stock soared and investors fawned – just six months ago – Valeant Pharmaceuticals International Inc. billed itself like a new type of drug company. It thrived on acquiring new drugs instead of inventing them, and generating big profits from raising prices on old, undervalued treatments. The behemoth, the biotech and also the break fee: How a small ...

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Can Chipotle Mexican Grill Inc recover? Deutsche Bank doubts it

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The potential for a lasting loss of customers at Chipotle Mexican Grill Inc. within the wake of the Mexican junk food chain’s E. coli outbreak prompted a downgrade by Deutsche Bank on Tuesday. Analyst Karen Short lowered her rating on the stock to sell from hold, while keeping a US$400 price target that implies an additional decline in excess of ...

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David Rosenberg: Canadian economy not so dead, after all

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The Canadian economy, left for dead just a few short months ago, originates back again – if barely. How reckless, excessive borrowing became Canada's national pastime Philip Cross: Total borrowing in Canada across all categories increased by $77.9 billion this past year, more than the $71.6 billion additional load we took on throughout the 2009 recession Read more Real GDP ...

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Amazon.com looks to disrupt another sector beyond retail

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Amazon.com Inc. has investors in the transportation sector rattled. The e-commerce giant appears to be making a big push into managing its freight transportation capacity internally, as opposed to outsourcing it. Couple that with disappointing performances from FedEx Corp. and United Parcel Service Inc. during several recent peak shipping seasons, and you can understand why some might be concerned. RBC ...

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