Insurance Tips

TSX, Wall Street rebound in global stock rally as oil prices surge


TORONTO – United states stock markets rallied Friday to close a week of losses with big gains, propelled by a more than 12 per cent begin crude oil prices. The March agreement for oil increased US$3.23 a barrel to US$29.44. Toronto Stock Exchange’s S&P/TSX composite index was up 293.87 points or 2.4 percent at 12,381.24. In Ny, the Dow Jones ...

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Good chance we’ll close the week on a high note: What you need to know before markets open


North American markets look going to a higher open today after data showed economic development in america slowed less sharply than expected within the fourth quarter. GDP increased in a 1 per cent annual rate instead of the previously reported 0.7 percent pace. The economy grew for a price of 2.0 percent in the third quarter.Investors will also be keeping ...

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CIBC analysts reduce bank growth forecasts as oil, economy drag


Low oil prices and continuing economic malaise are likely to weigh on bank earnings a lot more than expected, causing analysts at Canadian Imperial Bank of Commerce to lessen profit estimates. “We have bent our earnings estimates lower through our forecast period, with a more pronounced impact later in the year and into (fiscal) 2017,” the analysts, led by Rob ...

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Valeant’s female sex drive pill — that it bought for US$1B — offers ‘marginal’ libido benefits: study


Women taking Valeant Pharmaceuticals International Inc.’s pill Addyi, designed and approved to enhance their libido, get one additional satisfying sexual experience almost every other month because of the medicine, according to a Dutch study. The drug, that has failed to obtain a sizable following because it was approved by U.S. regulators in August, also carries negative effects including dizziness, sleepiness, ...

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Correlation between stocks and oil prices not just a recent phenomenon


Former U.S. Fed Chairman Ben Bernanke weighed in this week on a single from the more curious market developments in recent years: the growing correlation between stock and oil prices. In a blog post, Bernanke noted the relationship forwards and backwards can be volatile, but, overall, it is more positive recently. Bernanke stops working the relationship into different components. First, ...

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In volatile markets, look for companies still growing their dividends: BMO


In periods of elevated market volatility, investors ought to look to stocks that are growing their dividend for stability and fortitude instead of ones with only a higher yield. A monthly analysis by BMO Capital Markets found that when implied volatility had been at above-average levels, a dividend strategy focused on growth and yield posted a typical yearly return of 4.1 per cent over ...

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Will Prem Watsa’s $650-million bet pay off? If it does, Fairfax makes $109 BILLION


Since Prem Watsa took over Fairfax Financial Holdings Ltd. (TSX:FFH), it’s been an excellent ride for shareholders. When Watsa first established control in 1985, shares of Fairfax traded just $1.52 each. Just over 3 decades later the proportion price is $731.02, with a massive run-up in excess of 20% during the last 6 months. Overall, Fairfax has returned approximately 22% ...

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Global stocks get central bank boost as Japan’s yen retreats, oil extends rally


It’s risk back on, and it is about stimulus. Stocks in Europe headed for the largest two-day grow in more than four years, while oil advanced and China’s yuan jumped through the most since $ 1 peg was scrapped in 2005, after People’s Bank of China Governor Zhou Xiaochuan expressed faith in the economy. Interest in havens such as gold and ...

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