The best-performing Canadian stocks amid the commodities rout have one thing in common: the mighty U.S. dollar. Earnings estimates compiled by Bloomberg suggest their run will continue.How short sellers are building up a new front in their war on Canadian stocksThe TSX has been weighed down the past year by commodities. But now it faces a new threat: foreign investors […]
Martin Ritchie and Agnieszka De Sousa of Bloomberg report, Copper Poised for Worst Week Since January as Commodities Slump:
Copper traded near the lowest since 2009 as Chinese manufacturing data added to evidence that demand is slowing in the world’s biggest user of raw materials.The preliminary Purchasing Managers’ Index from Caixin Media and Markit Economics unexpectedly fell to the lowest in […]
Barrie McKenna of the Globe and Mail reports, Bank of Canada cuts key rate as economy contracts, exports stall:
Stephen Poloz is refusing to call it a recession, but the Bank of Canada Governor says the country needs another jolt of interest rate relief as the economy shrinks and exports stall.The central bank lowered its trend-setting overnight rate a quarter percentage […]
Library of CongressStock brokers working at the New York Stock Exchange in 1963Active investors have never had it better.
Turnkey desktop trading programs have lowered fees to as little as $7 a trade, and there’s never been more cheap or free information available to anyone interested in markets. It didn’t used to be that way. We spoke with […]
Lululemon Athletica Inc. shares have fallen 19% this year and close to 30% over the past 12 months, but Monica Rizk, technical analyst at Phases & Cycles Inc. in Montreal, thinks more losses are in store for investors in the yoga retailer.“The stock may eventually have a recovery rally… but such an occurrence would merely provide a better exit price,” […]
Sign up for the Executive Summary email briefing to get the news delivered straight to your inbox first thing in the morning.Markets: By the numbersTSX13,312.78 +32.06 +0.24%Dow Jones16,025.53 +5.33 +0.03%S&P 5001,808.37 +3.28 +0.18%Nasdaq4,068.75 +6.23 +0.15%Wow, did you see that? Good news for once begat good news on Friday, as investors took heart that employment reports in both Canada and the United States mean economic growth […]
