Hunter Harrison is a hero in the railroad industry, a folk legend if you will, when it comes to turning around rail companies. He successfully turned around Canadian Pacific Railway (NYSE:CP) before jumping ship early to partner with activist investor Mantle Ridge to take on CSX (NYSE:CSX). After a bit of back and forth, CSX caved and appointed Harrison as CEO for the next four years. CSX shares....More>>>
Potash. Corp. (POT) shares are back in the spotlight after they received a boost from rising corn prices. Frankly, several agricultural prices have been on the rise for some time now, and the fact that the market noticed this only on Monday, July 10, is quite typical for markets. Meanwhile, shares of Potash Corp. have found very strong support above $16, but have experienced difficulty going higher....More>>>
Steve Eisman, the investor whose forecast of the financial crisis was depicted in “The Big Short,” is still finding problematic stocks and investing manias in the financial markets.
The Neuberger Berman portfolio manager confirmed his fund is short Canadian financials, Deutsche Bank and Wells Fargo. He spoke in a Bloomberg Television interview that aired on Sunday from the CFA....More>>>
Former Bank of England policy maker Andrew Sentance said the U.K. shouldn’t look overseas for the institution’s next governor, criticizing incumbent Mark Carney for not knowing enough about Britain.
Sentance, a member of the Monetary Policy Committee from 2006 to 2011, told the Press Association that Carney’s “lack of confidence with raising interest rates has....More>>>
Ready or not, the Canadian cannabis industry is about to flower before our eyes. Over the next couple of weeks, it’s highly expected that Canada will officially legalize recreational marijuana, becoming the first developed country in the world to do so. By September or October, adults should be able to purchase marijuana legally in Canada.
What does the legal weed industry mean for....More>>>
For centuries, physical gold has served as an effective crisis hedge. When economies take a severe downturn and paper money gets devalued, a stash of gold can save you from losing your shirt.
Our friendly neighbors to the north would do well to remember that wisdom—because they’ve been experiencing the mother of all housing bubbles.
“At this point,” says Jared....More>>>
President Trump could soon kill a major trade deal with Mexico and Canada if huge compromises aren’t made this week.
Round 6 of the renegotiation of NAFTA, the pact between Mexico, Canada and the U.S., starts Tuesday in Montreal, Canada.
No major progress has been made on key issues through the first five rounds. Only one more round after this week is scheduled, and Trump....More>>>
Note: All figures are in USD unless otherwise stated. Some of the following stocks trade primarily on the Toronto Stock Exchange. If you like this article, please follow me using the link next to my name on top of the page.
I’ll sound like a broken record, but here it is: Canadian energy stocks have been battered once again.
What I said in August 2017:
The long-term signal....More>>>
It looks like activist investor Bill Ackman is putting the proceeds from his Canadian Pacific (NYSE:CP) sale to work in a completely different space. Ackman’s Pershing Square Capital now has a 9.9% stake in Chipotle (NYSE:CMG). Ackman is now its second largest shareholder.
The writing was on the wall as well, where Ackman has gone out of his way to mention his love of CMG. Recall that....More>>>
Investment company Forte Capital Llc buys Cummins Inc, Canadian National Railway Co, Maxim Integrated Products Inc, iShares Core U.S. Aggregate Bond, Colgate-Palmolive Co, DowDuPont Inc, NVIDIA Corp, Raytheon Co, Facebook Inc, Phillips 66, sells Vanguard Small-Cap, iShares TIPS Bond, iShares Russell 1000 Growth, E.I. du Pont de Nemours, iShares 7-10 Year Treasury Bond ETF during the 3-months ended....More>>>