Home / Mortgage

Mortgage

TSX ends eight-day winning streak as oil, loonie fall

TORONTO – North American stock markets tumbled in the close amid lower energy and metal prices and concerns within the pace of China’s growth. Toronto’s S&P/TSX composite index snapped an eight-day winning streak by ending the day 72.55 points lower at 13,311.05, overwhelmed by metals and mining, energy and gold ...

Read More »

Debenture holders at Perpetual Energy seek cease trade order on planned $25-million rights offering

Debenture holders of Perpetual Energy hope a hearing prior to the Alberta Securities Commission Tuesday will end up like a present day form of the Grinch Who Stole Christmas. The debenture holders are appealing a decision through the ASC’s executive director approving a rights offering through the Calgary-based energy company, ...

Read More »

Herbalife Ltd tumbles after revealing it misstated two dozen statistics, including member growth

Herbalife Ltd. tumbled after saying it overstated the growth of its customer and distributor base, bringing another headache to a company facing a federal investigation into whether it’s a pyramid scheme. A metric called active sign ups increased 3.2 per cent worldwide in the fourth quarter from the year earlier, ...

Read More »

How to read between the lines of China’s latest Five-Year Plan

If you’d other things to get this done weekend, like taking the kids to hockey, planning that last-minute winter vacation, or organizing your sock drawer, you may have missed the annual National People’s Congress taking place in Beijing. The NPC is ostensibly the ultimate decision-making body in China, which meets ...

Read More »

Dear Santa: Independent dealers need a break

For independent dealers, the audience of largely privately owned firms that undertake the large banks every day, the ideal Christmas present are the best equity markets, a noticable difference in commodity prices, an easing of regulations C and greater consideration from the issuers. If none of those conditions prevail in ...

Read More »

Suncor and CP Rail’s takeover bids get exotic

It’s a rare week in Canada when two terms – contingent value rights, or CVR, and warrants C end up part of the public lexicon as two high-profile takeovers are being discussed. It was this type of week: In a bid to win the hearts and minds from the board ...

Read More »

Toronto-Dominion Bank, Mackenzie Investments to start Canadian bond, equity ETFs

The exchange-traded fund marketplace in Canada is going to have more crowded, with Mackenzie Investments starting four fixed-income products and Toronto-Dominion Bank set to rejoin the after exiting about ten years ago. Toronto-Dominion has filed documents for six new ETFs, including an international Canadian-dollar hedged equity fund and something Canadian ...

Read More »

North American post Santa rally despite oil weakness while loonie falls

TORONTO – North American markets posted a so-called Santa Claus rally, closing higher despite another fall in the cost of oil. The Toronto Stock Exchange’s S&P/TSX index rose 10.08 suggests end the day to 13,034.38 after adding 14 points on Friday. The Dow Jones average of 30 stocks rose 123.07 ...

Read More »

Why gold investors will be watching the ECB

Gold investors may have their eyes around the European Central Bank’s Thursday meeting, as signs of a slowing economy and deflationary pressures point to further easing. How it will do same with the large question. If the central bank cuts its deposit rate by 10 basis points, that would take ...

Read More »

Shaw’s deal for Wind leaves investors cold, but CEO says he’s in it for the long haul

Brad Shaw expected the marketplace to be pleased about his company’s decision to go in the lucrative wireless business by acquiring Wind Mobile Corp. in a transaction worth $1.6 billion. Instead, investors dashed for the exit Thursday. Class B shares of closely held Shaw Communications Inc. tumbled roughly eight per ...

Read More »