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Canada’s leverage to foreign portfolio investors a ‘notable vulnerability’

Canada could find it harder to boost money from foreign investors through the bond in the coming years at a time if this needs the funds most, says a brand new report from National Bank Markets. Foreign demand could wane in the future years as a few of the advantages ...

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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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Detour Gold targets lifted on improved mine plan

Shares of Detour Gold Corp. have jumped a lot more than 10 % in the last 2 days as several analysts heaped praise on the company for its new mine plan and hiked their price targets. Detour, which operates an enormous open-pit mine in Northern Ontario, announced the updated plan ...

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Renewable energy company Innergex gets upgrade on growth profile

For shares of Innergex Alternative energy Inc., the near future looks bright. Specifically, the next few years will “mark a substantial change” for the independent power producer because it tries to expand past the borders of Quebec, Ontario and British Columbia in Canada, and Idaho in the U.S., Ben Pham, an analyst at BMO Capital Markets, ...

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If current low rate, low inflation environment continues, negative rates could become a ‘regular feature’ of U.S. monetary policy

When discussing negative interest rate policy, the U.S. Fed isn’t usually among the list of prospective central banks which are likely to deploy negative rates. New York Fed President William Dudley recently said that any suggestion the Fed may go negative is “premature.” Speculation about who might be next to ...

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Exxon Mobil Corp’s defiant outlook predicts Canadian and Venezuelan oilsands output will ‘quadruple’ over next 24 years

In sharp contrast towards the grim medium-term prognosis for that Canadian oilsands, Exxon Mobil Corp. is predicting sunnier times for bitumen within the decades ahead. The global oil glut is going to worsen – and it’ll be all Canada’s fault Some of the world’s priciest crude lies trapped inside Canada’s ...

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Merus Labs stock tanks 16 per cent after acquisition

Merus Labs International Inc.’s stock sunk 16 percent Tuesday carrying out a $140 million deal to purchase the cardiovascular drug portfolio of a Belgium speciality pharma company. The Toronto-based company saw its shares fall 36 cents to $1.89, even while most analysts raised their price targets and maintained a buy ...

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Therapure Biopharma Inc postpones Canadian IPO because of volatile market

Therapure Biopharma Inc., a biological pharmaceuticals maker owned by Catalyst Capital Group Inc., postponed plans to sell shares inside a $130 million initial public offering amid volatile markets that have gutted equity-financing activity in The united states. “While the clients are performing above expectations and investor feedback about the quality ...

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TSX, Wall Street rebound in global stock rally as oil prices surge

TORONTO – North American stock markets rallied Friday to shut a week of losses with big gains, propelled by a a lot more than 12 per cent begin crude oil prices. The March agreement for crude oil increased US$3.23 a barrel to US$29.44. Toronto Stock Exchange’s S&P/TSX composite index was ...

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Scotiabank’s growth in riskier credit, foreign markets sparks Moody’s ratings downgrade

Bank of Nova Scotia’s determination to chase greater profits by expanding its portfolio of unsecured auto and charge card loans, and branching out into higher-growth but less stable geographies, has resulted in a one notch ratings downgrade from Moody’s Investors Service. Canada’s third-largest bank has taken “significant measures to improve ...

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