Home / Mortgage (page 5)

Mortgage

TSX, Wall Street end flat on mixed commodities, disappointing earnings

TORONTO – Mixed commodities prices and disappointing earnings reports left stock markets in Toronto and Ny flat. The Toronto Stock Exchange’s S&P/TSX composite index fell 13.76 points to 13,379.14. Consumer staples suffered the biggest sector loss around the TSX, with shares in Empire Company Ltd. (TSX:EMP.A), who owns Sobeys and ...

Read More »

Cheaper 4-inch Apple iPhone expected after Dialog Semi issues outlook

Investors are looking to Dialog Semiconductor plc’s quarterly recent results for indications of health at Apple Inc. Since the U.K.-based manufacturer of power management integrated circuits gets a lot more than 70 percent of its revenue from Apple, it’s seen as an bellwether based on how things are going in ...

Read More »

Manitoba voices its objection to national securities regulator again

It took 16 pages but if there was any doubt that Manitoba wasn’t in favour of a national securities regulator the content came through in the final paragraph. “The existing regulatory scheme has capably met the needs of investors, market participants and businesses in Manitoba by managing risks during the ...

Read More »

Performance Sports Group Ltd. downgraded at RBC

Shares of Performance Sports Group Ltd. on Wednesday regained a few of the 65 percent loss seen a day earlier, but RBC Capital Markets isn’t buying. Analyst Sabahat Khan downgraded the key manufacturer of hockey and baseball equipment to sector perform from outperform, and slashed his price target to US$3.50 ...

Read More »

Shaping up to be a risk-on day after traders warm to Mario Draghi’s stimulus plan

The European Central Bank’s stimulus bundle isn’t that bad after all. Europe’s stocks and bonds unwound the prior session’s losses as traders warmed to ECB President Mario Draghi’s policy measures. Credit markets, the main beneficiaries of the program, extended Thursday’s rally and also the euro weakened. Oil led commodities to ...

Read More »

Yelp gets downgraded to sell at UBS

Online review company Yelp Inc. was downgraded by UBS, which said that the firm will find it difficult to grow local advertising revenue against scaled rivals such as Facebook and Alphabet.  UBS analysts led by Eric Sheridan said in a note to clients they now rate the stock a sell, ...

Read More »

Loonie gains nearly a cent, Toronto, U.S. stock indexes head higher

TORONTO – North American stock markets headed higher today, marking the seven-year anniversary of the start of Great Recession. Toronto’s S&P/TSX composite index found support in energy and metal stocks, including 81.85 points or 0.61 per cent to close at 13,392.90. On Wall Street, the Dow Jones industrial average gained ...

Read More »

Mystery trader known as the ‘dude’ strikes fear on Turkish stock exchange with massive market-making trades

There’s a spectre haunting stock traders in Istanbul that some are calling “the dude.” A mystery investor who first appeared a year and a half ago with US$450 million of bets on one day, almost double the amount market average, is now executing major transactions with increasing frequency, scaring away ...

Read More »

Buying America: Canada becomes a U.S. creditor for the first time on record

Canada has become a creditor to the Usa for the first time on record, government data show, reflecting the northern nation’s love affair with assets south from the border. The stock of U.S. assets held by Canadians within the fourth quarter of 2015 – from corporate acquisitions to portfolio investments ...

Read More »

China battles market mistrust, but normalcy will be tough to achieve as bad data mounts

Zombie factories, toxic bank debt, unreliable economic data. These are the type of confusing and worrying terms prevalent when talking about China’s economy. It is part of a growing mistrust investors have concerning the actual state from the country’s economy. Trust is unquestionably hard to come by in China, given ...

Read More »