Kiss that oil rally goodbye: What you need to know before markets open


North American markets look going to a lower open today after last week’s rally in oil prices lost steam. Crude prices resumed their slide following a strong two-day rally as output from Iraq reached record highs.U.S. stocks logged their first positive week of the year a week ago, using the three indexes closing up 2 per cent on Friday.All eyes ...

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Twitter Inc stock falls almost 5% after exit of four executives


NEW YORK – Twitter says that four executives are leaving the organization. Its stock fell a lot more than 4 percent in premarket trading. CEO Jack Dorsey posted an argument to the microblogging service saying that Alex Roetter, Skip Schipper, Katie Stanton and Kevin Weil are exiting the company. Dorsey said he wanted to address employees later this week, but ...

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China tanks but oil rallies: What you need to know before markets open


North American markets look looking for a higher open today as oil prices recover and in front of the start of Federal Reserve’s policy meeting and Apple’s earnings report later in the day. Crude prices were hovering slightly above $30 a barrel on hopes that OPEC and non-OPEC producers would agree to tackle an enormous supply glut. Shares of Chevron ...

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Why Canadian stocks are down, but not out


It is a miserable begin to the entire year for equity markets in Canada, but a steep rally is in the cards for that country’s benchmark index, predicts Brian Belski, chief investment strategist at BMO Capital Markets Corp. The S&P/TSX Composite Index opened a few days at 12,389 points, down 5 per cent for 2016. By year end, Belski says ...

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Sun Life pension deal creates mega group annuity


It took about a year of discussions and negotiations; it had been incredibly innovative and thought as the first available in Canada. But if this was all over two Canadian pension funds – whose names have not been disclosed – paid Sun Life Assurance Company of Canada a combined one-time premium of $530 million and transferred so-called investment, longevity and ...

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Caterpillar set to be be hard hit by worsening commodity bust: Goldman Sachs


Goldman Sachs downgraded Caterpillar Inc.’s stock to market Monday, saying the world’s biggest manufacturer of construction and mining equipment would suffer from a brand new “commodity deflation cycle.” Goldman slashed its 12-month price target on Caterpillar to US$51 as part of the cut. The downgrade sent the company’s stock down a lot more than four percent Monday, with shares trading ...

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Alberta lost the most jobs in 2015 since 1980s recession: Statistics Canada


CALGARY — Alberta lost more jobs last year than in any year since the 1982 recession, revised numbers from Statistics Canada show. The updated figures released Tuesday show the province lost 19,600 jobs in 2015, up from an earlier estimate of 14,600. That was much higher than the 17,200 jobs lost within the 2009 downturn and also the most since ...

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Why economists are starting to use the ‘R’ word again


Big stock exchange declines in many cases are lead indicators for recession, and global financial markets are heading into their a week ago of trading for that month using the chance of seeing certainly one of their biggest ever January declines. Despite a big bounce in markets Friday, which saw the S&P 500 rise two per cent, fear is in ...

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