Rising food prices to weigh on Cara Operations: BMO


Rising food prices and economic instability in Western Canada have prompted one analyst to revise his estimates for restaurant company Cara Operations. In Cara’s third-quarter results reported in November, the owner of Kelsey’s, Milestones, Swiss Chalet and Harvey’s posted same-restaurant sales development of 1.9 percent due in part to weaker sales within the western provinces, underneath the estimate of 2.8 ...

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Honeywell International Inc offered to buy United Technologies Corp for US$90.7 billion


Aircraft parts maker Honeywell International Inc said on Friday it had offered to buy United Technologies Corp for about US$90.7 billion. Honeywell said its offer of US$108 per share comprised US$42.63 be part of cash and 0.614 of its shares for every United Tech share. The proposal represents a 22 percent premium to United Tech’s closing price on Feb. 19, ...

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Wall Street ends higher after late-day rally, but TSX still ends up in the red


Toronto and Ny markets ended your day with mixed results, as investors sought direction amid commodity prices that showed little movement. North American stocks had initially been down for most of the morning, but recouped some of those losses by midday. Canada’s benchmark stock index fell as weaker-than-expected bank earnings dragged down financial stocks, but losses were pared when crude ...

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Negative interest rates in Canada could be ‘destabilizing to investor confidence’


More economists are hitting the scales on negative rates of interest in Canada following the Bank of Japan had become the latest central bank to consider the experimental monetary policy last week. The Bank of Canada has said that it has no intends to adopt such rates within the near-term, but has discussed the policy tool and has studied the ...

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China data disappoints: What you need to know before markets open


North American stocks look going to a lower open today, after weak Chinese data rekindled fears of a global economic slowdown led by the world’s second-biggest economy. China’s February trade performance was far worse than economists had expected, with exports tumbling probably the most in over six years.Global stocks fell following the data. Oil and copper prices were down marginally. Investors ...

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Safe as houses? Why investors shouldn’t be worried about Dream Office REIT even after recent news


For recent years months I have been attempting to determine if Dream Office Investment Trust (TSX:D.UN) is really a safe investment. Sometimes it paid an incredibly high 14.7% yield, which many predicted was not sustainable according to where its real estate assets are located. Those predictions were right. Management announced it would be cutting its dividend by approximately 33% from ...

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Hydro One buys Great Lakes Transmission in $373-million deal


TORONTO — Ontario’s newly privatized Hydro One electric utility includes a $373-million deal to buy Great Lakes Power Transmission, which operates north and east of Sault Ste. Marie, Ont. Hydro One says it’ll acquire Great Lakes Transmission from various entities controlled by Brookfield Infrastructure, which is part of a Toronto-based asset management group. Related Hydro One’s ‘showcase’ IPO offered investors ...

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Canadian investor sentiment worsens to levels not seen since crisis, Manulife says


TORONTO – One of Canada’s biggest insurance and financial services companies says nervousness among Canadian investors has risen to levels not seen because the financial crisis. Manulife Financial says that Canadian investors have lost confidence in mutual funds, exchange-traded funds and balanced mutual funds in the last 6 months. It also suggests that housing is viewed as a less attractive ...

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