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Author Archives: admin

American spending in Canada poised to rise to highest level in more than a decade: TD

Americans will spend more income visiting Canada this season than any reason for more than a decade as a low loonie makes heading north more attractive. Total visits from the U.S. to Canada were already up more than 1.Six million in the first 11 months compared with the previous year, ...

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Why Shaw Communications Inc will pay the price to stake its claim as a wireless player

Last week, the future of Shaw Communications Inc. was a lot clearer. It sold Shaw Media Inc. to related company Corus Entertainment Inc. and will make use of the proceeds to fund its recent acquisition of upstart carrier Wind Mobile Corp. Should both transactions pass muster by mid-year, Shaw would ...

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TSX falls back into bear market before rebounding as financial, energy stocks drag

Financial and companies dragged Canadian stocks lower for a third day, as equities worldwide sank amid deepening concerns concerning the health of the global economy. The Standard & Poor’s/TSX Composite Index slumped to 12,269 today, more than 20 per cent below its high on April 15 of 15,450.87. The benchmark ...

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‘Ocean of fear’: Canadian investors sitting on record cash pile risk billions in lost returns

A new report suggests Canadians are located on a record $75 billion in excess cash in their portfolios, fearful of making a move in today’s volatile markets. The analysis from CIBC World Markets economists Benjamin Tal and Royce Mendes out Tuesday suggests if history is true Canadians will jump back ...

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What lessons investors can learn from the US$1.5-billion Powerball lottery

The U.S. Powerball lottery and it is “world record” US$1.5-billion jackpot (or thereabouts) certainly caused a significant stir over the past couple of days. Even Canadians, apparently, were scrambling to get in on the action, flocking to American border towns to buy tickets. Jeesh. How Canadians can play the US$1.5-billion ...

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Transformed Shaw Communications Inc shifts its focus to becoming a pure connectivity provider

Shaw Communications Inc. continues to be keeping its bankers, TD Securities and CIBC World Markets, busy. Shaw Communications to market Global TV network, specialty channels to Corus Entertainment for $2.65 billion Corus Entertainment Inc. said Wednesday it has agreed to acquire Shaw Media Inc. from related company Shaw Communications Inc. for ...

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Canadian auto sales will be flat in 2016 as industrial strength offsets commodity weakness

Canadian vehicle sales is going to be flat in 2016 as weakness in commodity-producing provinces is offset by strength within the industrial heartland, based on a new report from Scotiabank. Unless economic growth falls below last year’s one-per-cent pace, the bank expects passenger vehicle sales to stay comparable to 2015 ...

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National Bank to write off $165-million investment after Germany shuts down Maple Bank

National Bank of Canada will take a writedown of $165 million, addressing the entire carrying value of its purchase of Canadian trading and securities finance company Maple Financial Group, after authorities in Germany turn off Maple’s business activities there over the weekend. On Monday, a spokesperson for that Ontario Teachers’ Pension ...

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‘Unpopularity suggests opportunity’ for Canada’s banks

Canadian bank stocks weren’t well-liked by investors last year and the new year suggests the pessimism remains. The Canadian bank index is down nearly nine per cent so far this season, that has shaved a whopping $32 billion off the market cap of Canada’s banks. The price-to-book valuation for that ...

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CIBC downgrades its 2016 Canadian economic outlook for the second time in a month

The spike in financial market volatility around the world will not leave Canada unscathed, said CIBC World Markets, as it downgraded its outlook for that country’s economic growth this season. The bank’s chief economist said Thursday that he now sees gross domestic product expanding by just 1.3 percent this year, ...

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