The “Big Five” Canadian banks offer investment funds and include Royal Bank of Canada, Toronto Dominion Bank (TD Canada Trust), Bank of Nova Scotia, Bank of Montreal and Canadian Imperial Bank of Commerce (CIBC). Let’s explore the best place for you to invest.
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Ruby Tuesday and Concordia skid; Nordstrom and Sunrun surge
– canadianbusiness.com
NEW YORK, N.Y. – Stocks that moved substantially or traded heavily on Friday:
Nordstrom Inc., up $3.82 to $51.38
The department store chain said its anniversary sale results were strong, and it raised its annual profit forecast.
Ruby Tuesday Inc., down 49 cents to $3.24
The restaurant chain reported weak sales and said it will close 95 stores by September.
J.C. Penney Co., up 61 cents to $10.55
The department store operator took a smaller second-quarter loss thanks to a boost from appliance and beauty sales.
Concordia International Corp., down $6.23 to $10.13
The drugmaker continued to tumble after it reported disappointing sales, cut its annual forecasts and suspended its dividend.
Silicon Graphics Inc., up $1.71 to $7.69
Hewlett Packard Enterprise agreed to buy the computer equipment and services company for $7.75 per share, or about $281 million.
Dillard’s Inc., up $2.26 to $68.67
The retailer’s stock continued a recent recovery after it posted a second-quarter profit that was larger than analysts expected…
Nordstrom Inc., up $3.82 to $51.38
The department store chain said its anniversary sale results were strong, and it raised its annual profit forecast.
Ruby Tuesday Inc., down 49 cents to $3.24
The restaurant chain reported weak sales and said it will close 95 stores by September.
J.C. Penney Co., up 61 cents to $10.55
The department store operator took a smaller second-quarter loss thanks to a boost from appliance and beauty sales.
Concordia International Corp., down $6.23 to $10.13
The drugmaker continued to tumble after it reported disappointing sales, cut its annual forecasts and suspended its dividend.
Silicon Graphics Inc., up $1.71 to $7.69
Hewlett Packard Enterprise agreed to buy the computer equipment and services company for $7.75 per share, or about $281 million.
Dillard’s Inc., up $2.26 to $68.67
The retailer’s stock continued a recent recovery after it posted a second-quarter profit that was larger than analysts expected…
New loans for Xplornet herald IPO or sale
– theglobeandmail.com
The financing deal, repayable before maturity, will help the ISP expand its high-speed Internet offerings
Golf Town drives for turnaround as U.S. parent hits rough patch
– theglobeandmail.com
Golfsmith has hired financial advisers to explore “strategic options,” which could include looking for investors or a buyer.
How the Dow Jones industrial average fared on Friday
– canadianbusiness.com
Stocks closed mostly lower Friday, giving up some of the gains from a day earlier when the major U.S. indexes closed at record highs.
Mining and chemicals companies fell the most, while energy companies rose along with the price of oil.
Investors were focused on the latest company earnings and new government data showing that retail sales turned sluggish in July and producer prices declined.
On Friday:
The Dow Jones industrial average fell 37.05 points, or 0.2 per cent, to 18,576.47.
The Standard & Poor’s 500 index slipped 1.74 points, or 0.1 per cent, to 2,184.05.
The Nasdaq added 4.50 points, or 0.1 per cent, to 5,232.89.
For the week:
The Dow is up 32.94 points, or 0.2 per cent.
The S&P 500 is up 1.18 points, or 0.1 per cent.
The Nasdaq is up 11.77 points, or 0.2 per cent.
For the year:
The Dow is up 1,151.44 points, or 6.6 per cent.
The S&P 500 is up 140.11 points, or 6.9 per cent.
The Nasdaq is up 225.48 points, or 4.5 per cent.
The post How the Dow Jones industrial average fared on Friday appeared first on Canadian Business – Your Source For Business News.
Mining and chemicals companies fell the most, while energy companies rose along with the price of oil.
Investors were focused on the latest company earnings and new government data showing that retail sales turned sluggish in July and producer prices declined.
On Friday:
The Dow Jones industrial average fell 37.05 points, or 0.2 per cent, to 18,576.47.
The Standard & Poor’s 500 index slipped 1.74 points, or 0.1 per cent, to 2,184.05.
The Nasdaq added 4.50 points, or 0.1 per cent, to 5,232.89.
For the week:
The Dow is up 32.94 points, or 0.2 per cent.
The S&P 500 is up 1.18 points, or 0.1 per cent.
The Nasdaq is up 11.77 points, or 0.2 per cent.
For the year:
The Dow is up 1,151.44 points, or 6.6 per cent.
The S&P 500 is up 140.11 points, or 6.9 per cent.
The Nasdaq is up 225.48 points, or 4.5 per cent.
The post How the Dow Jones industrial average fared on Friday appeared first on Canadian Business – Your Source For Business News.
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 (14,747.45, down 48.61 points):
Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down six cents, or 3.37 per cent, to $1.72 on seven-million shares.
B2Gold Corp. (TSX:BTO). Miner. Down three cents, or 0.66 per cent, to $4.49 on 6.8-million shares.
St. Augustine Gold and Copper Ltd. (TSX:SAU). Miner. Down one cent, or 8.33 per cent, to 11 cents on 6.2-million shares.
Northern Dynasty Minerals Ltd. (TSX:NDM). Miner. Up 17 cents, or 18.28 per cent, to $1.10 on 6.2-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 12 cents, or 1.83 per cent, to $6.66 on 5.9-million shares.
Concordia International Corp. (TSX:CXR). Health care. Down $8.31, or 39.09 per cent, to $12.95 on 5.6 million shares. Concordia International stock plunged to the lowest level in more than two years on Friday after the health-care company suspended its dividend and wrote down the value of two products because of unexpected competition from generic drugs…
Toronto Stock Exchange (14,747.45, down 48.61 points):
Ivanhoe Mines Ltd. (TSX:IVN). Miner. Down six cents, or 3.37 per cent, to $1.72 on seven-million shares.
B2Gold Corp. (TSX:BTO). Miner. Down three cents, or 0.66 per cent, to $4.49 on 6.8-million shares.
St. Augustine Gold and Copper Ltd. (TSX:SAU). Miner. Down one cent, or 8.33 per cent, to 11 cents on 6.2-million shares.
Northern Dynasty Minerals Ltd. (TSX:NDM). Miner. Up 17 cents, or 18.28 per cent, to $1.10 on 6.2-million shares.
Baytex Energy Corp. (TSX:BTE). Oil and gas. Up 12 cents, or 1.83 per cent, to $6.66 on 5.9-million shares.
Concordia International Corp. (TSX:CXR). Health care. Down $8.31, or 39.09 per cent, to $12.95 on 5.6 million shares. Concordia International stock plunged to the lowest level in more than two years on Friday after the health-care company suspended its dividend and wrote down the value of two products because of unexpected competition from generic drugs…
