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Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,037.54, down 202.48 points):
Yamana Gold Inc. (TSX:YRI). Miner. Down 34 cents, or 5.07 per cent, to $6.36 on 10.7 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 82 cents, or 9.61 per cent, to $7.71 on 9.3 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 15 cents, or 2.22 per cent, to $6.60 on 8.4 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Up 1.5 cents, or 27.27 per cent, to seven cents on 7.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 55 cents, or 5.99 per cent, to $8.63 on 6.9 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up nine cents, or 0.36 per cent, to $25 on 6.5 million shares.
Companies reporting major news:
Transcontinental Inc. (TSX:TCL.A). Publishing. Down $1.89, or 9.86 per cent, to $17.28 on 568,235 shares. In its second quarter earnings released Friday, Transcontinental reported that net earnings fell by 93 per cent to $5…
Toronto Stock Exchange (14,037.54, down 202.48 points):
Yamana Gold Inc. (TSX:YRI). Miner. Down 34 cents, or 5.07 per cent, to $6.36 on 10.7 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 82 cents, or 9.61 per cent, to $7.71 on 9.3 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down 15 cents, or 2.22 per cent, to $6.60 on 8.4 million shares.
Twin Butte Energy Ltd. (TSX:TBE). Oil and gas. Up 1.5 cents, or 27.27 per cent, to seven cents on 7.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 55 cents, or 5.99 per cent, to $8.63 on 6.9 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up nine cents, or 0.36 per cent, to $25 on 6.5 million shares.
Companies reporting major news:
Transcontinental Inc. (TSX:TCL.A). Publishing. Down $1.89, or 9.86 per cent, to $17.28 on 568,235 shares. In its second quarter earnings released Friday, Transcontinental reported that net earnings fell by 93 per cent to $5…
Two Calgary real estate developers have been charged with fraud and theft after hundreds of investors lost $33 million in a proposed project in southern Alberta.
Markets Right Now: Stocks tumble as energy companies fall
– canadianbusiness.com
NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
4:05 p.m.
U.S. stocks are closing lower on Wall Street as energy companies follow the retreat of oil prices from their recent highs. Banks are falling again as bond yields continue to plunge. The slump wiped out most of the market’s gains from earlier in the week.
ConocoPhillips gave up 4.4 per cent and oilfield services company Schlumberger shed 1.8 per cent. U.S. crude lost 3 per cent.
Citigroup sank 2.5 per cent and JPMorgan Chase lost 1.4 per cent. Banks are among the worst hit in broad selling across most sectors. The only sectors unscathed at the end of trading were consumer staples and telecommunications.
Bond prices rose as the yield on the 10-Year U.S. Treasury fell to 1.64 per cent.
The Dow Jones industrial average fell 120 points, or 0.7 per cent, to 17,865. The Standard & Poor’s 500 index dropped 19 points, or 0.9 per cent, to 2,096. The Nasdaq composite index declined 64 points, or 1…
4:05 p.m.
U.S. stocks are closing lower on Wall Street as energy companies follow the retreat of oil prices from their recent highs. Banks are falling again as bond yields continue to plunge. The slump wiped out most of the market’s gains from earlier in the week.
ConocoPhillips gave up 4.4 per cent and oilfield services company Schlumberger shed 1.8 per cent. U.S. crude lost 3 per cent.
Citigroup sank 2.5 per cent and JPMorgan Chase lost 1.4 per cent. Banks are among the worst hit in broad selling across most sectors. The only sectors unscathed at the end of trading were consumer staples and telecommunications.
Bond prices rose as the yield on the 10-Year U.S. Treasury fell to 1.64 per cent.
The Dow Jones industrial average fell 120 points, or 0.7 per cent, to 17,865. The Standard & Poor’s 500 index dropped 19 points, or 0.9 per cent, to 2,096. The Nasdaq composite index declined 64 points, or 1…
I crushed our $320,000 mortgage in just six years
– moneysense.ca
Andrew Daniels, 37, of WinnipegLate last year, I experienced the thrill of a lifetime. In fact, my hands shook as I drove to the bank. I could hardly believe my wife Brenda and I were finally at the end of our five-year financial plan and I was about to make the last payment on my mortgage. As I walked out of the bank, I raised my hands in the air and yelled “Whoohoo!!!!” at the top of my lungs. Slaying the mortgage dragon felt amazing.
You see, six years ago, my wife and I moved into our custom-built dream home. I was 31 at the time, with a mortgage north of $320,000. The sheer thought of it took my breath away. Sitting on that pile of debt felt wrong, mainly because my dad had ingrained in me growing up that debt was bad and should be avoided as much as possible. Now, here I was, living with my wife in this beautiful house, and all I could think about was the number 30. We had 30 years of payments to look forward to on our loan. Worse, I realized that over those years, we’d end up paying $295,755 in interest to the bank—that’s nearly double our initial mortgage! I’d managed to get through post-secondary education with no loans, but here I was with this massive burden…
Initial public offerings scheduled to debut next week
– canadianbusiness.com
NEW YORK, N.Y. – The following is a list of initial public offerings planned for the coming week. Sources include IPO ETF manager Renaissance Capital, and SEC filings.
Week of June 13:
PSAV – Schiller Park, Ill., 16 million shares, priced $14-$17, managed by Goldman Sachs/Morgan Stanley/Barclays. Proposed NYSE symbol PSAV. Business: Leading provider of audiovisual equipment and support services for events.
Paragon Commercial – Raleigh, N.C., 736,000 shares, priced $33-$35, managed by Raymond James. Proposed Nasdaq symbol PBNC. Business: North Carolina commercial bank with $1.3 billion in assets.
Viveve Medical – Sunnyvale, Calif., 1.5 million shares, priced at $8.00, managed by Ladenburg Thalmann & Co/Craig-Hallum Capital Group. Business: Commercializing a non-invasive medical system that reverses vaginal laxity.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
Week of June 13:
PSAV – Schiller Park, Ill., 16 million shares, priced $14-$17, managed by Goldman Sachs/Morgan Stanley/Barclays. Proposed NYSE symbol PSAV. Business: Leading provider of audiovisual equipment and support services for events.
Paragon Commercial – Raleigh, N.C., 736,000 shares, priced $33-$35, managed by Raymond James. Proposed Nasdaq symbol PBNC. Business: North Carolina commercial bank with $1.3 billion in assets.
Viveve Medical – Sunnyvale, Calif., 1.5 million shares, priced at $8.00, managed by Ladenburg Thalmann & Co/Craig-Hallum Capital Group. Business: Commercializing a non-invasive medical system that reverses vaginal laxity.
The post Initial public offerings scheduled to debut next week appeared first on Canadian Business – Your Source For Business News.
