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>>>
Turkey’s currency is already having a rough year, but if the U.S. reimposes sanctions on Iranian oil exports it could fall even further.
That’s because the lira, along with the yen and the Swiss franc, is more at risk of declining than most major peers should Iranian shipments be curtailed, according to an analysis from Danske Bank’s Jens Pedersen that maps different....More>>>
India and Canada are linking up to promote the technology behind bitcoin and other cryptocurrencies.
Canadian government-backed researchers are joining forces with India’s vast tech industry to explore the use of blockchain in government and academic institutions, as well as businesses.
India’s tech industry association Nasscom and Canada’s Blockchain Research....More>>>
A strong start to Q1 earnings season and optimism that the U.S. and China will avoid a full-blown trade war has helped stocks rebound from early-April volatility over the past week and a half, renewing investor confidence around the world.
Fresh bullishness over the past few trading periods has inspired positive trading in several key global markets. But interestingly enough, a number of....More>>>
The U.S. dollar edged slightly higher against its main rivals on Wednesday as the British pound fell from a new post-Brexit high on disappointing inflation data, and the Canadian dollar slipped as the Bank of Canada left rates unchanged.
Dont miss: Why currency traders hate their jobs right now
What are currencies doing?
The ICE U.S. Dollar Index
Bellus Health (OTCPK:BLUSF) is a Canadian biotech trading on the TSX under the ticker, BLU, and the US OTC under the ticker BLUSF. BLUSF is developing a treatment for chronic cough, BLU-5937, that has the potential to be best-in-class with the only other drug in the class being developed by Merck, Gefapixant (or MK-7264). Merck has set the start date of the Phase 3, 720 patient study for March....More>>>
Investors are decamping Canadian banks ahead of earnings season, with six straight weeks of outflows from the largest exchange-traded fund tracking the industry.
The BMO Equal Weight Banks Index ETF saw a record C$263 million ($204 million) leave the fund between April 2 and May 11, according to data compiled by Bloomberg.
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>>>
Gold backed off on Wednesday, as traders and investors opted for individual company equities. However, fundamental and technical data still suggests gold’s in for much higher levels ahead. With Trump’s ongoing reflationary theme, commodities in general have continued to trade higher, albeit not without some volatility along the way, but gold’s been one of the bigger benefactors....More>>>
By Ben Reynolds
Bank of Nova Scotia (NYSE:BNS) is the third-largest Canadian bank ranked by market cap.
Bank of Nova Scotia’s market cap is $64 billion The Toronto-Dominion Bank’s market cap is $83 billion Royal Bank of Canada’s market cap is $94 billion
Bank of Nova Scotia’s financial metrics should immediately stand out for value-focused dividend....More>>>