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Valeant Pharmaceuticals International Inc cuts earnings forecast and its stock rallied

MONTREAL – The CEO of Valeant Pharmaceuticals International Inc. on Wednesday presented investors with a company that’s cutting earnings and purchasers forecasts, abandoning price increases, focusing on reducing debt and promoting its research and development spending. The end result: The marketplace wants it. Over the course of the Laval, Que.-based ...

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President Trump: Buy or sell? How investors should play a potential Trump presidency

It’s a good thing for Donald Trump that Canadians don’t get to vote in the usa. Apparently, we do not like him very much. A recent poll from Nanos, which asked Canadians which presidential candidate would be best for Canada’s interests, shows that a proper plurality (37 per cent) would ...

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Investors need to take a ‘chill pill’ because things aren’t so bad: CIBC

Like a number of other forecasters, CIBC World Markets has been reducing its outlook for both Canadian and global growth because the second half of 2014. While economic projections aren’t all that grim, worries is clearly evident on the stock market floors in New York, Toronto, Shanghai, as well as ...

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Golden start to the year, but don’t be fooled; fortunes can turn on a dime

There are plenty of reasons why gold has been among the best-performing assets in 2016, including volatility in global equity markets and investor uncertainty. Whether or not bullion continues this winning streak is anybody’s guess, but there is a case to be made for the rally to fizzle, as well ...

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‘Survival of the fittest’ in base metals sector

Falling base metal prices are putting major pressure on producer balance sheets, specifically for those miners which are carrying a lot of debt. Canaccord Genuity analyst Peter Bures is among those cautioning investors to be really careful in this sector at this time. “With producers feeling the squeeze of over-levered ...

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Is Bank of Nova Scotia getting out of Asia?

Bank of Nova Scotia might be signaling a shift in international focus with Friday’s acknowledgement the Canadian bank is considering strategic options for a 49 per cent stake in Thai lender Thanachart Bank. In a study titled “Beginning from the End for Scotia’s Retail Banking Exposure to Asia,” Barclays analyst ...

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Star Wars could cover Lucasfilm cost by 2018

The strong opening weekend at the box office for Star Wars: The Force Awakens could boost profits at Disney world Co. by US$1.1 billion, and it also offers the company with another franchise to leverage across its consumer products and parks businesses. After collecting US$238 million in Canadian and U.S. ...

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Negative sentiment on bonds and stocks heading into 2016 a bullish sign

The selloff in a number of assets this season, from stocks to bonds to commodities, is setting markets up for a potential bounce in 2016, says Canaccord Genuity. “We still believe the essential and historical backdrop favor the intermediate-term upside potential, especially given the negative sentiment in both the equity ...

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How unpaid fines are adding up for IIROC

It presumably wasn’t intended to be that way but two recent surveys from the regulators reveal different amounts of performance. There was the report issued Monday through the Ontario Securities Commission, noting an increase in enforcement activity this past year with 31 cases commenced in contrast to 22 in 2014. ...

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PrairieSky Royalty Ltd may cut its dividend, but it’s still in good shape

PrairieSky Royalty Ltd. may have solidified its position as Canada’s premier oil and gas royalty company after its recent deal with Canadian Natural Resources Ltd., however the weak commodity price environment will most likely still result in a dividend cut. The $1.8-billion cash-and-stock deal for five.4 million acres of Canadian ...

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