Why BlackBerry Ltd is getting into cybersecurity services


BlackBerry Ltd.’s purchase of U.K.-based Encription Ltd. and it is launch of the new cybersecurity services division make a lot of sense. It allows the Waterloo, Ont.-based company to leverage its core strengths in security and mobile technology, while consulting presents a new business opportunity that may increase BlackBerry’s share of corporate IT spending. Since Encription has under 50 employees, ...

Read More »

Expect a ‘bumpy’ 2016 for TransForce and rest of trucking industry: RBC


The Canadian trucking industry is facing a “bumpy” 2016 like a weak economy and too much capacity weigh on freight rates, according to a new analysis from RBC Capital Markets. In response, the bank recommends investing in companies with “low operating costs, strong balance sheets and prudent management teams,” which are best positioned to complement capacity to demand and make ...

Read More »

Shell posts its worst performance on oil reserves since 2004 scandal


Royal Dutch Shell Plc said hello depleted its oil and gas reserves considerably faster of computer replenished them with new resources in 2015, its worst performance since a cpa scandal that engulfed the company 12 years back. Shell said its reserves replacement ratio – the proportion of gas and oil production during the year that was offset through the inclusion ...

Read More »

Potential short squeeze at Mainstreet Equity as issuer bid meets large short position


Good luck being short a thinly-traded, fairly-tightly-held stock simultaneously as the issuer is starting your substantial issuer bid. But that’s the situation at Mainstreet Equity Corp., which “could be setup for a short squeeze,” based on one market participant.  Mainstreet promises to purchase up to 1.Two million of their shares at $36 a share – a price that represents a 14.3% ...

Read More »

Has oil hit bottom? What you need to know before markets open


North American futures are falling today as investors worry about the government Reserve pressing ahead with its plan to raise rates of interest this season. Global markets were lower after a two-day meeting of G20 leaders ended with no new plan to spark global growth.Brent crude futures edged higher on rising hopes the marketplace has bottomed out.Canada’s current account deficit ...

Read More »

Bad news is good today! What you need to know before markets open


North American markets look going to a greater open today, as oil prices held on to gains and weak economic data globally raised hopes of a further easing of economic policies. Crude oil prices rose on the prospects of higher demand from China, the world’s largest commodities consumer. Oil prices have influenced stock markets for many of this year as ...

Read More »

Buying America: Canada becomes a U.S. creditor for the first time on record


Canada has become a creditor to the Usa the very first time on record, government data show, reflecting the northern nation’s romance with assets south of the border. The stock of U.S. assets held by Canadians within the fourth quarter of 2015 – everything from corporate acquisitions to portfolio investments – exceeded assets held by Americans in Canada the very ...

Read More »

Loonie gains nearly a cent, Toronto, U.S. stock indexes head higher


TORONTO – North American stock markets headed higher today, marking the seven-year anniversary from the start of the Great Recession. Toronto’s S&P/TSX composite index found support in energy and metal stocks, including 81.85 points or 0.61 per cent to shut at 13,392.90. On Wall Street, the Dow Jones industrial average gained 32.26 points at 17,000.36, while the Nasdaq composite index ...

Read More »