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Stock markets see-saw as investors confront economic effects of coronavirus spreading - CBC.ca + MORE Mar 10th
Stock markets see-saw as investors confront economic effects of coronavirus spreading CBC.caAs the TSX tanked, this was the only stock that stayed in the green Yahoo Canada FinanceGordon Pape: There will be more gut-wrenching volatility going forward. Here's how to adjust your .... More »
Biotech stocks: are they worth a shot? May 25th
There’s a hot new investment on the market that wouldn’t have been on many people’s radars only a few weeks ago: COVD-19 vaccine-makers. Since March 16, when quarantine began in earnest, Moderna, a Cambridge company that’s making a novel coronavirus vaccine, has climbed by 244%. Novavax, a R.... More »
Making sense of the markets this week: February 13 + MORE Feb 11th
Each week, Cut the Crap Investing founder Dale Roberts shares financial headlines and offers context for Canadian investors.
Earnings season continues, the halftime report
Last year’s Q4 financial reporting seems to be the most “normal” earnings season we’ve had in the past two y.... More »
Stock market news live updates: Stocks gain for a second day amid busy earnings lineup - Yahoo Canada Finance Oct 18th
Stock market news live updates: Stocks gain for a second day amid busy earnings lineup Yahoo Canada FinanceStocks rise on Wall Street as investors focus on earnings CTV NewsUS stocks giving up gains. Risk on, reversing. ForexLiveStocks open higher on Wall Street, cla.... More »
Ford Canada CEO says company not wavering from $700M investment in Ontario + MORE Feb 17th
Ford’s commitment to investing in its Ontario facilities has not wavered since the election of U.S. President Donald Trump, the head of the automaker’s Canadian operations said Thursday.
“We’re very committed to our manufacturing footprint here in Canada,” Mark Buzzell .... More »
North American stock indexes closed higher on Thursday as crude oil futures soared and signs of strength in the U.S. economy boosted investor sentiment.
China says economy making steady progress despite weak data
– canadianbusiness.com
BEIJING, China – A Chinese official tried Friday to reassure companies and investors that economic growth is stable despite unexpectedly weak July activity but acknowledged it faces pressure from lacklustre global demand.
Weakness in factory output, imports and other activity was due partly to summer flooding that caused 200 billion yuan ($35 billion) in losses and other one-time factors, said Sheng Laiyun, spokesman for the National Bureau of Statistics.
The poor performance prompted suggestions the Chinese economy might be cooling despite repeated government stimulus efforts. Growth held steady at 6.7 per cent for the three months ending in July, though that was the weakest quarterly performance since the aftermath of the 2008 global crisis.
“The trend is good,” Sheng told a news conference. “Even though economic growth dropped slightly, the economy is stable and making steady progress, and the steady trend toward improvement has not changed.”
Sheng acknowledged, however, that China faces “downward pressure” from weak global demand as Beijing carries out a marathon effort to nurture consumer-driven growth and reduce reliance on trade and investment…
Weakness in factory output, imports and other activity was due partly to summer flooding that caused 200 billion yuan ($35 billion) in losses and other one-time factors, said Sheng Laiyun, spokesman for the National Bureau of Statistics.
The poor performance prompted suggestions the Chinese economy might be cooling despite repeated government stimulus efforts. Growth held steady at 6.7 per cent for the three months ending in July, though that was the weakest quarterly performance since the aftermath of the 2008 global crisis.
“The trend is good,” Sheng told a news conference. “Even though economic growth dropped slightly, the economy is stable and making steady progress, and the steady trend toward improvement has not changed.”
Sheng acknowledged, however, that China faces “downward pressure” from weak global demand as Beijing carries out a marathon effort to nurture consumer-driven growth and reduce reliance on trade and investment…
Caisse invests $125 million to take control of over budget Quebec cement project
– canadianbusiness.com
MONTREAL – Quebec’s pension fund manager is taking over a cement plant under construction from the family that controls Bombardier after the project’s $1-billion budget was exceeded by more than $500 million.
Along with its own investment of $125 million in the plant, which is situated in the Gaspe region of the province, Caisse de depot et placements du Quebec said BlackRock Alternative Investors will also join the project through a $125-million debenture.
Together, the $250 million in new financing will be enough to complete the project, the Caisse said in a news release Thursday.
The new cement plant, with its modern facilities and equipment, is expected to benefit from lower operating costs and direct access to a marine terminal.
The Caisse noted that market conditions are improved from when the project was launched a few years ago. The institutional investor said there is substantially higher North American demand, a strong U.S. dollar and cement shortages — all while plants in Canada and the U…
Along with its own investment of $125 million in the plant, which is situated in the Gaspe region of the province, Caisse de depot et placements du Quebec said BlackRock Alternative Investors will also join the project through a $125-million debenture.
Together, the $250 million in new financing will be enough to complete the project, the Caisse said in a news release Thursday.
The new cement plant, with its modern facilities and equipment, is expected to benefit from lower operating costs and direct access to a marine terminal.
The Caisse noted that market conditions are improved from when the project was launched a few years ago. The institutional investor said there is substantially higher North American demand, a strong U.S. dollar and cement shortages — all while plants in Canada and the U…
Canadian markets need a cure for Valeant’s poisonous effects
– theglobeandmail.com
The company, which does most of its business in the United States, has been a drag on many Canadian portfolios because of its listing on the Toronto Stock Exchange and presence in the S&P/TSX composite index
