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This stock is set to see big action on Wednesday + MORE May 17th
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Making sense of the markets this week: February 1, 2021 Jan 30th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
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Who reports capital gains if a stock is owned jointly? + MORE Apr 8th
Q. My question is regarding stock capital gains, specifically in a joint account with my wife at TD Waterhouse. We had a capital gain of $30,000 this year in our non-registered account. At 50% each, our capital gain for tax purposes is $15,000. Do we each have to report a gain of $7,500? Or, does.... More »
What the recession means for your portfolio
– moneysense.ca
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The R-word. Two consecutive quarters of negative growth mean Canada is in recession. What does that mean for portfolios?
Real GDP contracted at an annual pace of 0.5% in the second quarter of the year, which followed a revised decline of 0.8% during the first three months of 2015. The last time the economy contracted over two consecutive quarters was 2009, when GDP fell 8.7% in the first quarter and 3.6% in the second.
On the positive side, Canada’s economy did bounce back in June: GDP grew 0.5% for that month.
What it means
The economy’s modest contraction in the first half of the year “almost entirely reflects a dramatic cutback in investment in the energy sector,” Robert Kavcic, senior economist at BMO Capital Markets in Toronto, told Advisor.ca in an email.
“Other areas of the economy such as consumer spending, residential construction and net exports were actually still growing…
Before the Bell: Markets set to bounce after selloff
– theglobeandmail.com
Our equities analyst looks ahead to the investment day
CTV NewsTrudeau details plan to invest heavily in green infrastructureCTV NewsTROIS-RIVIERES, Que. — Justin Trudeau is providing a window into how his infrastructure investment pie will be divided in the years to come if the Liberals form government this fall. Speaking in Trois-Rivieres, Que., Trudeau detailed how the party …and more »
Valeant to buy U.S. surgical device supplier to enhance Bausch + Lomb business
– canadianbusiness.com
LAVAL, Que. – Valeant Pharmaceuticals International, Inc. (TSX:VRX) has made a friendly deal to acquire Synergetics USA Inc., a supplier of precision surgical devices that Valeant says will enhance its Bausch and Lomb eye-care business.
Valeant is offering US$6.50 per share in cash per Synergetics share (NASDAQ:SURG), which is 48 per cent above the pre-announcement price for the stock, and up to $1 per share of additional payments if certain sales milestones are achieved.
In pre-market trading, Synergetics shares rose to US$6.63 from Tuesday’s closinig price of US$4.39, which valued the company at US$110 million prior to Valeant’s announcement.
David Hable, Synergetics president and CEO, said the offer is good for its shareholders and customers.
“The combined strengths of both companies will expand the breadth of our offerings and create a more effective competitor that is better able to meet our customers’ needs in the ophthalmology and neurosurgery markets,” Hable said in a joint statement with Valeant…
Valeant is offering US$6.50 per share in cash per Synergetics share (NASDAQ:SURG), which is 48 per cent above the pre-announcement price for the stock, and up to $1 per share of additional payments if certain sales milestones are achieved.
In pre-market trading, Synergetics shares rose to US$6.63 from Tuesday’s closinig price of US$4.39, which valued the company at US$110 million prior to Valeant’s announcement.
David Hable, Synergetics president and CEO, said the offer is good for its shareholders and customers.
“The combined strengths of both companies will expand the breadth of our offerings and create a more effective competitor that is better able to meet our customers’ needs in the ophthalmology and neurosurgery markets,” Hable said in a joint statement with Valeant…
Survey: US businesses hired at steady pace last month; solid gains in construction, factories
– canadianbusiness.com
WASHINGTON – U.S. businesses added jobs at a steady pace last month, with construction and manufacturing showing solid gains, a private survey found.
Payroll processor ADP says that businesses added 190,000 jobs last month, up from 177,000 in July, but below a six-month high in June of 231,000.
The figures suggest that turmoil in the financial markets and worries about faltering growth in China have not yet had much impact on the U.S. job market. The government will release its official jobs report for August on Friday. Economists forecast it will show that employers added 220,000 jobs, and the unemployment rate slipped to 5.2 per cent from 5.3 per cent.
The ADP survey covers only private businesses, however, and frequently diverges from the official figures.
The post Survey: US businesses hired at steady pace last month; solid gains in construction, factories appeared first on Canadian Business – Your Source For Business News.
Payroll processor ADP says that businesses added 190,000 jobs last month, up from 177,000 in July, but below a six-month high in June of 231,000.
The figures suggest that turmoil in the financial markets and worries about faltering growth in China have not yet had much impact on the U.S. job market. The government will release its official jobs report for August on Friday. Economists forecast it will show that employers added 220,000 jobs, and the unemployment rate slipped to 5.2 per cent from 5.3 per cent.
The ADP survey covers only private businesses, however, and frequently diverges from the official figures.
The post Survey: US businesses hired at steady pace last month; solid gains in construction, factories appeared first on Canadian Business – Your Source For Business News.
