News

TV pressures trump ‘Star Wars: The Force Awakens’ for Disney shares

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The success from the December movie hit “Star Wars: The Force Awakens” catapulted Walt Disney Co. to its best quarter in company history, posting record profits and attendance statistics because of its amusement parks. And yet, shares of the Burbank, Calif., media giant dropped 3.2 percent to US$89.40 on Wednesday at 2:30 p.m. ET. Actually, Disney’s stock has been fodder for bears because it came close ...

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Worst of loonie’s depreciation may be over, economists say

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The loonie’s worst collapse from the U.S. dollar in the history may be in the rearview mirror like a majority of economists now begin to see the currency staying at current levels or higher by the end of the entire year. 'The forex market is a volatile business': Is the recent TSX rally the calm prior to the storm? Investors ...

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TSX, Canadian dollar dive and Wall Street slumps as oil rally fizzles

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TORONTO – A pullback in oil prices and disappointing retail sales data pushed the Toronto stock exchange to some lower close after four consecutive advances. The Toronto Stock Exchange’s S&P/TSX index lost 117.96 suggests 12,813.40. The Canadian dollar was down 0.10 of the U.S. cent at 72.63 cents US. In Ny, the Dow Jones industrial average fell 21.44 points to ...

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The process of raising US$700 million to start Karnalyte’s potash mine in Saskatchewan

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A whole lot of creativity was required to generate US$700 million in debt and equity to allow for the making of a potash mine in Saskatchewan. Creativity was needed because Karnalyte Resources, the owner of the mine, lacked the total amount sheet and also the share price to boost the required capital by itself. Last September, to help in that ...

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TSX ends eight-day winning streak as oil, loonie fall

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TORONTO – United states stock markets tumbled at the close amid lower energy and metal prices and concerns over the pace of China’s growth. Toronto’s S&P/TSX composite index snapped an eight-day winning streak by ending your day 72.55 points lower at 13,311.05, weighed down by metals and mining, energy and gold stocks. The Canadian dollar lost a lot more than ...

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Why investors need to read between the lines of rumour and news

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Here’s an investing rule for you personally: Be skeptical of pearls of wisdom. Any “pearl” that can be summed up in six words or less might have the benefit of making life easier, but often that’s about this, and following these items of the usual understanding too closely can be a recipe for disappointment. How to beat rate of interest ...

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CIBC downgrades Calfrac as oil price rout set to eliminate oilfield services dividends

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CALGARY – To outlive the prolonged downturn in oilfield activity, many energy service information mill poised to cut their dividends to zero. “Despite two-thirds of our coverage universe having already made sizable dividend cuts over the past year, we feel more are on the horizon within the coming quarters,” CIBC World Markets analyst Jon Morrison said inside a research note. ...

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‘From a growth company to a cigarette butt’: Investors lash out as Valeant has worst day in its history

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Michael Pearson and the company, Valeant Pharmaceuticals International Inc., were designed to calm Wall Street doubters on Tuesday. Instead: chaos. Valeant Pharmaceuticals International Inc shatters creditor calm as debt casts bigger shadow Valeant is losing the confidence of its biggest investor base: debt markets that lent the drugmaker more than US$30 billion to fund its rapid expansion.Read on What began ...

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