TSX getting you down? There are always sound investment alternatives.
Latest News
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip - Reuters + MORE Oct 23rd
Wall St loses ground as bond yields rise; McDonald's, Coca-Cola slip ReutersStock market today: Dow leads stocks lower as Treasury yields tick up Yahoo FinanceNasdaq Futures Fall On Higher Bond Yields Ahead Of Tesla Earnings BarchartStock Market News Today, 10/23/24 .... More »
Nvidia forecast shatters estimates as AI boom stays strong - BNN Bloomberg + MORE May 22nd
Nvidia forecast shatters estimates as AI boom stays strong BNN BloombergNvidia stock pops 4% after earnings beat forecasts, announcing stock split and dividend hike Yahoo Canada FinanceNVIDIA Announces Financial Results for First Quarter Fiscal 2025 NVIDIA BlogDow Jo.... More »
Six key concepts to help you weather the investment storms Jul 25th
The key to surviving the roller coaster ride of investing, writes investment adviser David Aston, is to maintain a balanced portfolio of quality stocks and bonds and to focus on long-term investing.... More »
North Korea's nuclear pledge adds momentum to South's preparations for summit - Reuters Canada Apr 22nd
Reuters CanadaNorth Korea's nuclear pledge adds momentum to South's preparations for summitReuters CanadaSEOUL (Reuters) - South Korea's preparations for its first summit with North Korea in more than a decade are in full swing this week, officials said on Sunday, a day after the Nort.... More »
A wish list for Carney’s fall budget + MORE Oct 22nd
Statistics Canada’s midsummer report on Canadians’ disposable income showed an increase across all income quintiles in the first quarter of 2025, by a healthy average of 6% to 7% for the highest earners and 3.2% for the lowest. That was good news; the increases were above the inflation rate of 2.... More »
Spotify wins more fans in Wall Steet debut as stock surges
– canadianbusiness.com
SAN FRANCISCO _ Spotify picked up more fans on Wall Street on Tuesday as investors gave the unprofitable company a warm welcome in its stock market debut.
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stock was still hovering around $155 _ well above its previous high of $132.50 in deals worked out during Spotify’s 12-year history as a privately held company.
The stock market’s rousing reception left Spotify with a market value of about $29 billion, according to FactSet. By comparison, internet radio station Pandora Media’s market value stands at $1.2 billion nearly seven years after that company went public.
The good vibes surrounding Spotify stem from its early lead in music streaming _ a still-evolving field trying to hook people on the idea that it’s better to subscribe for online access to millions of tunes than to buy individual albums and singles.
Spotify has struck a chord with 71 million worldwide subscribers so far and is aiming to increase that number to as many as 96 million subscribers by the end of the year…
After several hours of anticipation, Spotify’s shares traded as high as $169 before falling back slightly. By the early afternoon, the stock was still hovering around $155 _ well above its previous high of $132.50 in deals worked out during Spotify’s 12-year history as a privately held company.
The stock market’s rousing reception left Spotify with a market value of about $29 billion, according to FactSet. By comparison, internet radio station Pandora Media’s market value stands at $1.2 billion nearly seven years after that company went public.
The good vibes surrounding Spotify stem from its early lead in music streaming _ a still-evolving field trying to hook people on the idea that it’s better to subscribe for online access to millions of tunes than to buy individual albums and singles.
Spotify has struck a chord with 71 million worldwide subscribers so far and is aiming to increase that number to as many as 96 million subscribers by the end of the year…
Ontario Teachers’ Pension Plan undeterred by uncertainty over tariffs: CEO
– canadianbusiness.com
TORONTO _ Ontario Teachers’ Pension Plan is closely monitoring the potential for higher tariffs to slow the global economy, but it thinks that “cooler heads are going to prevail” before that happens, OTPP chief executive Ron Mock said Tuesday.
Ontario Teachers’ core portfolio is well-diversified and in good shape to deal with unexpected developments, having ended 2017 with 9.7 per cent return on investment and a fifth consecutive annual surplus, Mock said.
Referring specifically to the ongoing NAFTA talks between Canada, the United States and Mexico and the recent exchange of tariff threats between the United States and China, Mock said there’s a lot of “noise” in the news.
“While there’s a lot of blustering and negotiating that’s going on, we’re firmly convinced that cooler heads are going to prevail as we roll forward,” Mock said on a conference call with reporters.
If that doesn’t happen and there’s higher taxation on trade in the form of tariffs, there could be an economic slowdown that would cause central banks to take actions such as lowering interest rates…
Ontario Teachers’ core portfolio is well-diversified and in good shape to deal with unexpected developments, having ended 2017 with 9.7 per cent return on investment and a fifth consecutive annual surplus, Mock said.
Referring specifically to the ongoing NAFTA talks between Canada, the United States and Mexico and the recent exchange of tariff threats between the United States and China, Mock said there’s a lot of “noise” in the news.
“While there’s a lot of blustering and negotiating that’s going on, we’re firmly convinced that cooler heads are going to prevail as we roll forward,” Mock said on a conference call with reporters.
If that doesn’t happen and there’s higher taxation on trade in the form of tariffs, there could be an economic slowdown that would cause central banks to take actions such as lowering interest rates…
Some DavidsTea shareholders express ‘serious concerns’ over board nominees
– canadianbusiness.com
MONTREAL _ Some DavidsTea Inc. shareholders are pushing back against a turnaround plan and new board of directors proposed by a large shareholder group controlled by its co-founder, Herschel Segal.
A joint letter to the tea chain’s board from Porchlight Equity Management LLC, TDM Asset Management PTY Ltd. and Edgepoint Wealth Management Inc. says they have “serious concerns” with Rainy Day Investments Ltd.’s proposal.
RDI, which says it owns 46 per cent of the chain’s issued and outstanding shares, submitted a slate of director nominees for DavidsTea to consider, including Segal and Lorenzo Salvaggio, another former director.
The shareholder group also says it no longer plans to propose an offer to buy out minority shareholders, but believes its proposed board can turn around the struggling retailer.
The letter says Segal should not be allowed to reconstitute the board with handpicked nominees without consulting the board or other shareholders.
It claims several of Segal’s nominees do not appear to have appropriate qualifications for the job and questions the independence of the proposed slate…
A joint letter to the tea chain’s board from Porchlight Equity Management LLC, TDM Asset Management PTY Ltd. and Edgepoint Wealth Management Inc. says they have “serious concerns” with Rainy Day Investments Ltd.’s proposal.
RDI, which says it owns 46 per cent of the chain’s issued and outstanding shares, submitted a slate of director nominees for DavidsTea to consider, including Segal and Lorenzo Salvaggio, another former director.
The shareholder group also says it no longer plans to propose an offer to buy out minority shareholders, but believes its proposed board can turn around the struggling retailer.
The letter says Segal should not be allowed to reconstitute the board with handpicked nominees without consulting the board or other shareholders.
It claims several of Segal’s nominees do not appear to have appropriate qualifications for the job and questions the independence of the proposed slate…
