Writings

Chipotle Mexican Grill Inc says food-safety fallout will lead to its first-ever quarterly loss

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Chipotle Mexican Grill Inc.’s food-safety crisis has brought an unwanted milestone towards the beleaguered restaurant chain: its first quarterly loss like a public company. The company, which saw sales be seduced by a minimum of the third straight month in February, now expects a loss of US$1 a share or even more in the first quarter, based on an argument ...

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Central banks’ continued loose monetary policy lifts commodities, emerging markets

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The dollar sank to some five-month low, commodities surged with emerging markets, and government bonds advanced as central banks from the U.S. to Norway indicated a willingness to help keep monetary policy accommodative. The U.S. currency fell a second day after the government Reserve scaled back expectations for that path of interest-rate increases. Dollar-denominated oil, copper and zinc all jumped ...

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If you’re looking for re-inflation, look no further than gold

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This is not the first time gold has been the leader amid a seasonal and technical rally in the commodity space. Ecuador turning a large part as Lundin plots big gold mine Mining entrepreneur Lukas Lundin has a well-earned reputation for succeeding in places where others refuse to tread. Even, it seems, Ecuador. Read more For yesteryear five years, it ...

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REIT investors face new risk as CEOs age, raising succession questions

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Investors in REITs were given another step to be worried about: those who started options are getting older and when they retire, the people taking their place will have to gain the confidence from the market and may embark on a different strategy. That the bottom line is may be the gist of a 35-page report released Thursday by Alex ...

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Whether BlackBerry Ltd stays in hardware business will come to ‘critical juncture’ this year, analysts say

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The saga of BlackBerry Ltd.’s hardware business, which is losing subscribers and cash, will come to a “critical juncture” sometime this year, say Scotia Capital Inc. analysts. In a study note Wednesday, they outlined a trio of strategic options the Waterloo, Ont.-based company can assess: exiting for any one-time cost of about US$100 million; license the BlackBerry brand or operating system to another equipment manufacturer; or, when the hardware segment ...

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Rebound in crude prices helps loonie break through 70 cents U.S.

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TORONTO – Strengthening oil prices helped the commodity-sensitive loonie punch through the 70-cent U.S. mark, closing at 70.03 cents U.S. That’s a rise of just one.02 cents from Wednesday’s close. The Canadian dollar hasn’t closed above 70 cents U.S. in more than the usual week. Colin Cieszynski, chief market strategist at CMC Markets, says the loonie received a “double boost” ...

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Fund flows could be more ‘muted’ as volatility takes hold: BMO

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A record net $24.6 billion in cash piled into Canadian funds last year in the very first quarter, an occasion when Canadians have a tendency to put money aside and contribute to their Registered Retirement Savings Plans, but inflows this year “may well be more muted” as volatility got its toll on global markets and shatters investors’ confidence, BMO Capital Markets analysts said in a note Wednesday. Canada’s mutual fund ...

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Royal Dutch Shell expects profit to plunge as oil sell-off continues

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LONDON – In the latest manifestation of industry damage from the plummeting price of oil, Royal Dutch Shell said Wednesday that it expected its profit for that fourth quarter of 2015 to be about half of the items it was in the comparable period last year. Shell issued the preliminary estimates before a much-anticipated vote through the company’s shareholders next ...

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