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Five things to watch for in the Canadian business world in the coming week + MORE Jul 31st
TORONTO – Five things to watch this week in Canadian business:
Take a break: Fretting about returning to work Monday? Relax. It’s a holiday for most Canadians, including Bay Street traders. The Toronto Stock Exchange is closed.
Real estate tax: As of Tuesday, foreigners buying property i.... More »
How to talk to your parents about crypto Mar 14th
After hearing countless success stories from crypto investors on social media, Martin Dasko, a 36-year-old money blogger in Toronto, could no longer ignore the hype. His father happened to be an early adopter of the cryptocurrency ether (the native coin of the Ethereum platform). But when .... More »
Saudi women hope right to drive paves road to bigger freedoms - CBC.ca + MORE Mar 8th
CBC.caSaudi women hope right to drive paves road to bigger freedomsCBC.caThere's an advertisement making the rounds on Twitter that features a GIF of a woman's purse that has spilled onto a table. The splayed contents include dark sunglasses, red lipstick and a bottle of perfume — and th.... More »
Podcast 17: Keeping it Real with Ben Rabidoux Jun 16th
Episode 17 of the podcast strays from my usual focus on index investing. That’s because it’s almost impossible to talk about investing today without acknowledging the role of real estate. One of the most common questions I get these days is, “Does it make more sense to invest in a portfolio of.... More »
Tesla Stock Is Falling as Trump-Musk Feud Escalates. Where It Goes Next. - Barron's Jul 1st
Tesla Stock Is Falling as Trump-Musk Feud Escalates. Where It Goes Next. Barron'sElon Musk just made his starkest political threat since the election CNNTrump threatens to set Doge on Musk as pair feud again over budget plan BBCElon Musk and Donald Trump are fighting.... More »
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Tuesday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,400.31, down 77.23 points):
B2Gold Corp. (TSX:BTO). Miner. Up 15 cents, or 8.57 per cent, to $1.90 on 12 million shares.
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down 14 cents, or 32.56 per cent, to 29 cents on 11.1 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 10 cents, or 2.09 per cent, to $4.68 on 9.8 million shares.
Orbite Technologies Inc. (TSX:ORT). Miner. Down six cents, or 20 per cent, to 24 cents on 9.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 35 cents, or 4.38 per cent, to $7.65 on 9.6 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down one cent, or 0.25 per cent, to $3.97 on 6.4 million shares.
Companies reporting major news:
Valeant Pharmaceuticals International Inc. (TSX:VRX). Drugs, health-care products. Down $46.44, or 50.71 per cent, to $45.14 on 4.1 million shares. Quebec-based Valeant lost more than $15 billion in market capitalization in a single day as its stock price plunged to its lowest level in more than four years after the company reported disappointing earnings, lowered its outlook for 2016 and raised fears of a default on its debt…
Toronto Stock Exchange (13,400.31, down 77.23 points):
B2Gold Corp. (TSX:BTO). Miner. Up 15 cents, or 8.57 per cent, to $1.90 on 12 million shares.
Niko Resources Ltd. (TSX:NKO). Oil and gas. Down 14 cents, or 32.56 per cent, to 29 cents on 11.1 million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Down 10 cents, or 2.09 per cent, to $4.68 on 9.8 million shares.
Orbite Technologies Inc. (TSX:ORT). Miner. Down six cents, or 20 per cent, to 24 cents on 9.6 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Down 35 cents, or 4.38 per cent, to $7.65 on 9.6 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Down one cent, or 0.25 per cent, to $3.97 on 6.4 million shares.
Companies reporting major news:
Valeant Pharmaceuticals International Inc. (TSX:VRX). Drugs, health-care products. Down $46.44, or 50.71 per cent, to $45.14 on 4.1 million shares. Quebec-based Valeant lost more than $15 billion in market capitalization in a single day as its stock price plunged to its lowest level in more than four years after the company reported disappointing earnings, lowered its outlook for 2016 and raised fears of a default on its debt…
Cardero posts 1st-quarter loss of $219,000
– canadianbusiness.com
VANCOUVER – VANCOUVER, British Columbia (AP) _ Cardero Resource Corp. (CDYCF) on Tuesday reported a loss of $219,000 in its fiscal first quarter.
The Vancouver, British Columbia-based company said it had a loss of 1 cent per share.
In the final minutes of trading on Tuesday, the company’s shares hit 6 cents. A year ago, they were trading at 24 cents.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDYCF at http://www.zacks.com/ap/CDYCF
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Keywords: Cardero, Earnings Report
The post Cardero posts 1st-quarter loss of $219,000 appeared first on Canadian Business – Your Source For Business News.
The Vancouver, British Columbia-based company said it had a loss of 1 cent per share.
In the final minutes of trading on Tuesday, the company’s shares hit 6 cents. A year ago, they were trading at 24 cents.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CDYCF at http://www.zacks.com/ap/CDYCF
_____
Keywords: Cardero, Earnings Report
The post Cardero posts 1st-quarter loss of $219,000 appeared first on Canadian Business – Your Source For Business News.
A rebound in Performance Sports shares may be several innings away
– theglobeandmail.com
After announcing a shocking decline in baseball-bat sales, the company’s stock plummeted last week
Poof! In one day, Valeant CEO's net worth plunges by hundreds of millions
– theglobeandmail.com
Tuesday’s bloodbath in Valeant shares shaved hundreds of millions of dollars from the worth of chief executive officer’s stock options
Chipotle says sales recovering, but down 26 per cent in Feb.
– canadianbusiness.com
NEW YORK, N.Y. – Chipotle says sales were down 26 per cent for February and that it expects to report a loss for the first quarter as it works to recover from a series of food scares.
The Denver company had previously said it expected to break even for the period, after taking into account higher costs for marketing, promotions and tightened food safety to win back customers. The drop in sales for February at established locations follows a 36 per cent decline for January. The February results were boosted by the extra day in month this year, the company said.
Sales at established locations, or those open at least 13 months, are seen as an important gauge of financial health because they remove the volatility of newly opened and closed locations.
Chipotle Mexican Grill Inc. is trying to bounce back after an E. coli outbreak and other incidents sent sales plummeting starting at the end of October. Executive have since said they’ve taken steps to ensure food safety and that the incidents are behind them…
The Denver company had previously said it expected to break even for the period, after taking into account higher costs for marketing, promotions and tightened food safety to win back customers. The drop in sales for February at established locations follows a 36 per cent decline for January. The February results were boosted by the extra day in month this year, the company said.
Sales at established locations, or those open at least 13 months, are seen as an important gauge of financial health because they remove the volatility of newly opened and closed locations.
Chipotle Mexican Grill Inc. is trying to bounce back after an E. coli outbreak and other incidents sent sales plummeting starting at the end of October. Executive have since said they’ve taken steps to ensure food safety and that the incidents are behind them…
