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

Moody’s Investors Service has place the world’s energy and mining companies on high alert for rating downgrades as the collapse in commodity prices puts major stress on their balance sheets. In total, the loan rating agency placed 120 gas and oil companies and 55 mining companies under review. Nineteen from ...

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TSX, Wall Street rise as traders return from holiday weekend in buying mood

TORONTO – Investors started a vacation shortened trading week in U.S. and Canada in buying moods, sending indexes in Ny and Toronto higher. The S&P/TSX composite index climbed 173.74 points, up more than one percent, to 12,554.98 in the close, contributing to a virtually 300-point gain on Friday. In New ...

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Smile, stocks are still rallying: What you need to know before markets open

North American financial markets are going to a greater open today, fresh on the heels of the three-day rally, as oil prices continued to rise. Brent crude prices were up 2.5 per cent, rising for the second straight day after Iran supported plans to freeze output and a report showed ...

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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 markets are heading to their last week of trading for the month with the risk of seeing certainly one of their biggest ever January declines. Despite a large bounce in markets Friday, which saw the S&P ...

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Terence Corcoran: With Brexit is the U.K. entering the ‘abyss’ or freedom from EU tyranny?

No nation does peaceful national political battles quite like the uk, consider getting out your silly walking shoes. The British are preparing for an additional full-scale national electoral convulsion, a referendum on whether or not to leave europe. Any vote is months away, however the debate has disintegrated into incoherent ...

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Bombardier Inc plans reverse stock split as shares dive to lowest level in 25 years: sources

MONTREAL — Plane and train maker Bombardier Inc, whose stock has hit its minimum in Twenty five years, will soon announce plans for a reverse stock split, two sources acquainted with the matter said, to be able to remain a part of Canada’s benchmark stock index. The sources, who aren’t ...

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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 early on estimate of 14,600. That was much higher compared to 17,200 ...

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TMX shares rally despite market headwinds

Since late Thursday, when TMX Group Ltd. posted fourth-quarter earnings that fell lacking estimates, its shares have been on a tear, jumping 4.3 percent Friday and an additional 2.4 per cent Tuesday to $38.58. Still, the country’s major exchange operator needs to make up lots of ground. During yesteryear year, its stock has fallen 20.4 percent. ...

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Five things investors should not do in a bear market

Most markets, and certainly most currencies and commodities, are actually officially inside a bear market. This is the arbitrary term for anything that is down 20 percent from the peak. Obviously, many stocks are down 40 or Half or even more, therefore we may need a new term to explain ...

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Rising food prices to weigh on Cara Operations: BMO

Rising food prices and economic instability in Western Canada have prompted one analyst to revise his estimates for restaurant company Cara Operations. In Cara’s third-quarter results reported in November, the owner of Kelsey’s, Milestones, Swiss Chalet and Harvey’s posted same-restaurant sales development of 1.9 per cent due in part to ...

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