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BHP Billiton dividend cut looms as it takes US$7.2-billion shale charge

MELBOURNE -Global miner BHP Billiton said on Friday it’ll get the exact value its U.S. shale assets by US$7.2 billion on a bleak outlook for oil and gas prices, cementing expectations it will likely be instructed to cut its dividend for the first time in over 25 years. Investors have ...

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How funds can combat stock market volatility

Margaret Thatcher often used the slogan “there isn’t any alternative” to protect her thought that free markets, free trade and global capitalism was the only way forward. She said it often enough that they was nicknamed Tina. Investors recently have adopted a similar refrain for his or her belief in ...

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Dominion Diamond leadership change should be smooth

Well, that didn’t take long. Just over three weeks after a group of activist investors required change at Dominion Diamond Corp., the 2 sides reach a standstill agremeent. Dominion has appointed mining veteran Jim Gowans and activist fund manager Josef Vejvoda to the board, and intends to make Gowans its ...

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A primer on issuer bid exemption orders: They are bigger than you might think

The issuer bid exemption order business C an arrangement approved with a regulator, in this instance the Ontario Securities Commission, allowing a business to purchase back its stock through private agreements for a cheap price to promote C is greater than originally anticipated. We know that since the Ontario Securities ...

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Here are Citi’s best risk off trades right now

Haywire global markets have Citigroup suggesting investors have to begin taking a bearish slant on risk. Citi strategists on Thursday outlined four tactical trades they have within their portfolio, using the basic premise being short plays made to take advantage of safe haven inflows and much more money piling from ...

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Corus revenue, earnings will more than double after Shaw Media deal

Acquiring Shaw Media Inc. from Shaw Communications Inc. for $2.65 billion will a lot more than double Corus Entertainment Inc.’s revenue, free income and EBITDA. Once the transaction has got the necessary approvals for closing, Corus will own 45 specialty networks, 15 conventional television stations and 39 r / c, among other ...

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More bad news coming: Canadian corporate earnings will be ‘awful,’ fund managers warn

With earnings season about to begin, fund managers don’t expect to see a recovery in profits for Canadian companies because they still struggle with a deteriorating loonie, depressed oil prices and anemic growth. Loonie's longest losing streak since 1971 signals more losses ahead in 'perfect storm' With the loonie in ...

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Rumoured SNC-Lavalin takeover of John Wood Group would be ‘misallocation of capital,’ analyst warns

MONTREAL – An analyst with Dundee Capital Markets says he hopes rumours are unfounded that SNC-Lavalin Group Inc. is taking into consideration the purchase of John Wood Group PLC, a multinational oil and gas services company headquartered in Aberdeen, U.K.  Analyst Maxim Sytchev states that even though investing in oil and gas ...

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Ontario’s new exempt market rules has supporters and detractors

Don’t count Jerome Hass, a portfolio manager at Toronto-based Lightwater Partners Ltd., among the supporters of the new exempt market rules that entered effect in Ontario this week. One of the key changes is an offering memorandum (OM) exemption that will allow investors to sign up in private capital investment ...

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Canada needs to do more to tout advantages of low dollar, U.S. economist argues

Add Joe Carson, the director of global economic research at New York-based money manager Alliance Bernstein to the list of people who expect a dismal economic performance in Canada in 2016. Specifically Carson, who was in Toronto Thursday for any presentation and who expects that neither Donald Trump nor Hillary ...

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