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Most actively traded companies on the TSX + MORE May 27th
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (14,105.23, up 56.03 points):
Kinross Gold Corp. (TSX:K). Miner. Down 34 cents, or 5.80 per cent, to $5.52 on 7.7 million shares.
Data Group Ltd. (TSX:DGI). Business services. Up half-a-cent, or 33..... More »
Nvidia’s stock market value tops $3.3 trillion Jun 20th
Nvidia’s startling ascent in the stock market reached another milestone Tuesday as the chipmaker rose to become the most valuable company in the S&P 500. Investors now say the company is worth over $3.3 trillion.
Nvidia has seen soaring demand for its semiconductors, which are used to pow.... More »
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% - Yahoo Canada Finance + MORE Feb 6th
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% Yahoo Canada FinanceBed Bath & Beyond Plans Share Sale in Bid to Avoid Bankruptcy BNN BloombergBed Bath & Beyond moves to raise $1 bln to avoid bankruptcy Reuters.comBed Bath & Beyo.... More »
Jack Dorsey’s Square Inc. files for IPO + MORE Oct 15th
Square Inc, the mobile payments company co-founded by Twitter Chief Executive Jack Dorsey, filed with U.S. regulators for an initial public offering of common stock
.... More »
Buffett annual letter reveals $1.6 billion profit from Apple shares Feb 25th
Berkshire Hathaway revealed that its massive stake in Apple stock, as of Dec. 31, had risen to 61.2 million shares for a total of $6.75 billion
.... More »
Business Highlights
– canadianbusiness.com
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Portuguese bank fears rekindle euro market tension
LISBON, Portugal (AP) — The spectre of Europe’s financial crisis is back to haunt investors.
Worries over the health of Portugal’s biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a flare-up in the market crisis Europe thought it had quelled.
Stocks and bonds fell worldwide while the price of gold rallied as traders sought it out as a safe investment.
The tensions centre on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal’s largest bank, Banco Espirito Santo. Espirito Santo International reportedly missed a debt payment this week and was cited for accounting irregularities — the sort of shenanigans that helped cause Europe’s debt crisis four years ago.
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Agriculture industry seeks to create right to farm
JEFFERSON CITY, Mo…
Portuguese bank fears rekindle euro market tension
LISBON, Portugal (AP) — The spectre of Europe’s financial crisis is back to haunt investors.
Worries over the health of Portugal’s biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout — and trigger a flare-up in the market crisis Europe thought it had quelled.
Stocks and bonds fell worldwide while the price of gold rallied as traders sought it out as a safe investment.
The tensions centre on Espirito Santo International, a holding company that is the largest shareholder in a group of Espirito Santo family companies, including the parent of Portugal’s largest bank, Banco Espirito Santo. Espirito Santo International reportedly missed a debt payment this week and was cited for accounting irregularities — the sort of shenanigans that helped cause Europe’s debt crisis four years ago.
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Agriculture industry seeks to create right to farm
JEFFERSON CITY, Mo…
Money market fund assets rise $5.37 billion to $2.58 trillion for the week
– canadianbusiness.com
Total U.S. money market mutual fund assets rose $5.37 billion to $2.58 trillion for the week that ended Wednesday, according to the Investment Company Institute.
Assets in the nation’s retail money market mutual funds rose $1.78 billion to $894.66 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $1.13 billion to $708.11 billion. Tax-exempt retail fund assets rose $660 million to $186.55 billion.
Assets in institutional money market funds rose $3.58 billion to $1.68 trillion. Among institutional funds, taxable money market fund assets rose $4.37 billion to $1.6 trillion. Assets of tax-exempt funds decreased $780 million to $72.26 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Massachusetts. The seven-day compounded yield was flat at 0.01 per cent.
The 30-day yield and the 30-day compounded yield were both unchanged at 0…
Assets in the nation’s retail money market mutual funds rose $1.78 billion to $894.66 billion, the Washington-based mutual fund trade group said Thursday. Assets of taxable money market funds in the retail category rose $1.13 billion to $708.11 billion. Tax-exempt retail fund assets rose $660 million to $186.55 billion.
Assets in institutional money market funds rose $3.58 billion to $1.68 trillion. Among institutional funds, taxable money market fund assets rose $4.37 billion to $1.6 trillion. Assets of tax-exempt funds decreased $780 million to $72.26 billion.
The seven-day average yield on money market mutual funds was unchanged at 0.01 per cent from the previous week, according to Money Fund Report, a service of iMoneyNet Inc. in Westborough, Massachusetts. The seven-day compounded yield was flat at 0.01 per cent.
The 30-day yield and the 30-day compounded yield were both unchanged at 0…
Why Canada isn’t immune to a U.S.-style housing crash
– macleans.ca
Skeletons of abandoned housing developments in California in 2009Investors should stay away from the Canadian housing market, warns a new report from Chicago-based investment firm Morningstar. A house price correction is “inevitable” within the next five years and could send house prices falling as much as 30 per cent.
The report’s author, equity analyst Dan Werner, also takes aim at some of the more popular arguments on this side of the border for why Canada’s housing market is fundamentally different from the U.S. housing bubble. “Many investors believe that financial crises are things that happen to other people in other countries at other times; crises do not happen to us, here and now,” he writes. “History has shown, time and again, that ‘this time’ is not different. We believe the same is true for the future of Canadian residential real estate.”
Skeptical? Here are some of the myths Werner debunks for why Canada isn’t immune to a U.S.-style housing crash:
Myth: Canadian banks are better protected because, unlike the U…
Vancouver targets housing speculation
– theglobeandmail.com
Council to appoint a board for agency that will include community members experienced in real estate and non-profit housing
Weekend Reading – Borrowing to invest, rising house prices and more
– myownadvisor.ca
Welcome to another Weekend Reading edition! This week I provided a review about this book for 20-somethings and I shared my investing mistake to buy and hold TransAlta. I’ll hold the stock for now but for how long, who knows…
Oh, and just a reminder, you have a few more hours to enter this giveaway on my site.
Enjoy the articles that follow and have a great weekend.
A Financial Post article said there are times to borrow to invest, like now. I agree but ONLY if you have a healthy income surplus every month and very little debt. Otherwise, I feel this is a form of gambling since so many factors associated with leveraged investing are out of your control.
I read house prices will rise another 5% this year. I can’t imagine that will occur everywhere. Who on earth is buying all these homes at these prices anyhow?
Larry MacDonald profiled this investor who invests in companies people hate.
Dan Bortolotti encourages the bond bears to admit they were wrong.
Investing guru Rick Ferri said investing philosophy trumps all: “Have a sound investment philosophy before trying to create an investment strategy…
Oh, and just a reminder, you have a few more hours to enter this giveaway on my site.
Enjoy the articles that follow and have a great weekend.
A Financial Post article said there are times to borrow to invest, like now. I agree but ONLY if you have a healthy income surplus every month and very little debt. Otherwise, I feel this is a form of gambling since so many factors associated with leveraged investing are out of your control.
I read house prices will rise another 5% this year. I can’t imagine that will occur everywhere. Who on earth is buying all these homes at these prices anyhow?
Larry MacDonald profiled this investor who invests in companies people hate.
Dan Bortolotti encourages the bond bears to admit they were wrong.
Investing guru Rick Ferri said investing philosophy trumps all: “Have a sound investment philosophy before trying to create an investment strategy…
