Writings

Aviva Canada Inc to buy RBC General Insurance Company for $582 million

rbc.jpg

Royal Bank of Canada is selling its home and car insurance business to Aviva Canada Inc. for $582 million in a deal that includes a 15-year distribution arrangement allowing the financial institution to continue selling a “full suite” of insurance products. RBC leader Dave McKay indicated last year that the bank wasn’t necessarily committed to long-term ownership of RBC General Insurance ...

Read More »

Investors should expect looming earnings period to be volatile

0702walmart.jpg

Estimates for fourth-quarter earnings per share for S&P/TSX Composite Index stocks happen to be slashed by five per cent previously 3 months, with the resource sectors seeing probably the most revisions. Since June, amid falling energy prices, average estimates from equity analysts for materials and energy companies for that fiscal year’s final quarter have plunged 35 and 24 per cent, respectively, ...

Read More »

Now off to Euro-Pacific, long journey for group of bought and sold brokers continues

bay-street.jpg

A number of investment advisers who’re set to move to a different employer might be creating a record of having been bought and sold probably the most number of occasions. The advisers under consideration are moving to Euro-Pacific Canada because of the sale of Dundee Goodman Private Wealth by Dundee Securities. In all, 78 investment advisers – contributing to 150 ...

Read More »

Fund survey finds investor confidence in global economy plummets

0115trader2.jpg

The latest Bank of America Merrill Lynch fund manager survey implies that investors have grown to be considerably less confident in the worldwide economy. Only eight per cent of managers polled see the global economy growing in the next Twelve months, the cheapest reading since 2012. Most respondents also see global corporate profits declining in the next 12 months. Michael ...

Read More »

What investors need to know about entering Iran’s stock market

iran2.jpg

One of the world’s hardest-to-enter stock markets just became more available to international investors. As financial sanctions are eased against Iran, foreigners can enter a bourse in Tehran with nearly as many listed companies as Istanbul. Inflows may reach as much as US$1 billion red carpet to eight months, estimated Reza Soltanzadeh, a founding partner at ACL Assets Management, a ...

Read More »

‘You can’t get weak in the knees’: Canadian miners continue to expand abroad despite brutal bear market

barrick.jpg

Canadian miners working abroad just aren’t giving up. Why a global in turmoil is still parking its cash in Canada – plenty of cash Our economy is struggling yet Canada’s government bonds were the very best performers this year among major developed economies. What gives? Despite a horrendous bear market in commodities, ongoing political risks and heavy struggles to raise ...

Read More »

19 Canadian energy companies and 12 miners under review for downgrade as Moody’s takes stock of global commodity meltdown

commodities.jpg

Moody’s Investors Service has place the world’s energy and mining companies on high alert for rating downgrades because the collapse in commodity prices puts major force on their balance sheets. In total, the loan rating agency placed 120 oil and gas companies and 55 mining companies under review. Nineteen from the energy firms are Canadian, along with 12 of the ...

Read More »

Five things investors should not do in a bear market

bear2.jpg

Most markets, and certainly most currencies and commodities, are now officially in a bear market. That’s the arbitrary term for anything that is down 20 percent from the peak. Of course, many stocks are down 40 or Half or even more, therefore we might need a new term to explain them – zombie market? That’s, dead but still moving? Many ...

Read More »