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Red Hat stock up 47% after $34B US takeover by IBM Oct 29th
Shares of Red Hat skyrocketed 47 per cent at the opening of trading in New York Monday after IBM, in the biggest acquisition of its 100-year history, acquired the software company..... More »
The best credit cards in Canada for 2025 + MORE Nov 12th
Canadians have no shortage of options when it comes to selecting a new credit card. Whether you’re looking at a Visa, Mastercard, or Amex from a fintech, big bank, or credit union, we’re here to help you sort through all your choices.
To make it easier to find the best credit card for you, we.... More »
Wall St. hits 3rd straight record high, as TSX falls amid oil supply glut fears + MORE Oct 4th
TORONTO _ Wall Street nudged toward its third-straight record high Wednesday as Canada’s biggest stock index slipped into the red and oil prices fell amid concerns of a supply glut.
In New York, the Dow Jones industrial average advanced 19.97 points to 22,661.64. The S&P 500 index was up 3.... More »
The smart way to pay for “experiences” and other money tips Oct 1st
Who is Doretta Thompson? She is a chartered professional accountant (CPA) and the director of corporate citizenship at CPA Canada, where she leads its impressive and award-winning financial literacy initiatives. She also sits on the board of AFOA Canada (formerly the Aboriginal Finance Officers Ass.... More »
Donald Trump’s new meme coin: $Trump Jan 20th
President-elect Donald Trump has launched a new cryptocurrency token that is soaring in value—and potentially boosting his net worth—just before his inauguration. It’s the latest norm-defying promotion by Trump, who has also helped sell branded bibles, gold sneakers and diamond-encrusted watch.... More »
The Financial Post’s Jonathan Ratner looks at some of the day’s top business and financial stories.
Mayor Naheed Nenshi on Calgary’s LRT line(David Dodge/Green Energy Futures)Potential suitors, political and otherwise: the way to Naheed Nenshi’s heart is by light rail.
The Calgary mayor, never one to spare combative rhetoric or snark when he’s unhappy, was gushing Friday as Calgary-based Defence Minister Jason Kenney and fellow MPs pledged up to $1.53 billion for the Green Line, a 40-km LRT route that nearly spans the entire sprawling city, north to southeast. This was a project that was proposed to start as express buses next decade and then be converted to rail one fine day. Instead, it will start a train line and by completed by 2024, Nenshi said.
This also converts Nenshi to a temporarily sated politician, rather than a potential wild card poised to bang the pots and pans while demanding the federal leaders care about Canadian cities (most notably his, one that’s more politically volatile than before).
“It’s an extraordinary investment, and it will change the face of this city forever,” Nenshi said…
TSX drops on weak oil; golds rebound – Reuters Canada
– news.google.ca
Reuters CanadaTSX drops on weak oil; golds reboundReuters CanadaTORONTO (Reuters) – Canada's main stock index fell on Friday as weak oil prices dragged down shares of energy producers, offsetting a rebound by gold-mining shares. The benchmark index declined for a sixth straight session and is down about 3 percent …The close: TSX ends lower as oil prices weigh on energy sharesThe Globe and MailCANADA STOCKS-TSX drops on weak oil; golds reboundReutersLoonie continues march lower, TSX opens in the redCTV NewsFinancial Post -The Chronicle Journalall 50 news articles »
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 (14,186.24, down 79.13 points):
Yamana Gold Inc. (TSX:YRI). Miner. Up two cents, or 0.75 per cent, to $2.67 on 9.3 million shares.
Catamaran Corporation (TSX:CCT). Health care. Down 12 cents, or 0.15 per cent, to $80.06 on 7.9 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 3.49 per cent, to $1.78 on seven million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 97 cents, or 8.64 per cent, to $10.26 on 6.5 million shares. The natural gas giant said Friday it has trimmed its workforce by more than 200 over the past month or so as it posted a net loss of US$1.6 billion during the second quarter. The Calgary-based company now has 1,400 fewer workers than when it unveiled a new strategy in the fall of 2013. Close to 1,000 jobs were cut when Encana made that announcement and it has been paring down its workforce further since then.
B2Gold Corp. (TSX:BTO)…
Toronto Stock Exchange (14,186.24, down 79.13 points):
Yamana Gold Inc. (TSX:YRI). Miner. Up two cents, or 0.75 per cent, to $2.67 on 9.3 million shares.
Catamaran Corporation (TSX:CCT). Health care. Down 12 cents, or 0.15 per cent, to $80.06 on 7.9 million shares.
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Up six cents, or 3.49 per cent, to $1.78 on seven million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down 97 cents, or 8.64 per cent, to $10.26 on 6.5 million shares. The natural gas giant said Friday it has trimmed its workforce by more than 200 over the past month or so as it posted a net loss of US$1.6 billion during the second quarter. The Calgary-based company now has 1,400 fewer workers than when it unveiled a new strategy in the fall of 2013. Close to 1,000 jobs were cut when Encana made that announcement and it has been paring down its workforce further since then.
B2Gold Corp. (TSX:BTO)…
Visa, Amazon, Starbucks, Biogen and Pandora are big market movers
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market:
NYSE
Visa Inc., up $3.05 to $74.80
The payment processing company’s third-quarter profit jumped 25 per cent, helped by a double-digit rise in activity on its network.
AbbVie Inc., down $2.44 to $68.08
The pharmaceutical company reported better-than-expected second-quarter profit, but revenue fell short of Wall Street forecasts.
Pandora Media Inc., up $2.08 to $15.96
The music streaming service reported a second-quarter loss, but its results beat Wall Street expectations.
Unisys Corp., down $3.20 to $16.55
The information technology service provider reported a second-quarter loss on lower revenue and costs related to job cuts.
Nasdaq
Amazon.com Inc., up $47.24 to $529.42
The online retailer reported a surprise second-quarter profit on strong revenue growth both domestically and internationally.
Starbucks Corp., up 73 cents to $57.29
The coffee chain’s second-quarter profit jumped 22 per cent on pricier drinks and food, beating Wall Street expectations…
NYSE
Visa Inc., up $3.05 to $74.80
The payment processing company’s third-quarter profit jumped 25 per cent, helped by a double-digit rise in activity on its network.
AbbVie Inc., down $2.44 to $68.08
The pharmaceutical company reported better-than-expected second-quarter profit, but revenue fell short of Wall Street forecasts.
Pandora Media Inc., up $2.08 to $15.96
The music streaming service reported a second-quarter loss, but its results beat Wall Street expectations.
Unisys Corp., down $3.20 to $16.55
The information technology service provider reported a second-quarter loss on lower revenue and costs related to job cuts.
Nasdaq
Amazon.com Inc., up $47.24 to $529.42
The online retailer reported a surprise second-quarter profit on strong revenue growth both domestically and internationally.
Starbucks Corp., up 73 cents to $57.29
The coffee chain’s second-quarter profit jumped 22 per cent on pricier drinks and food, beating Wall Street expectations…
