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Subprime lender Carfinco surges but still trading below takeover price
The company reached an agreement to sell its U.S. division. But Cormark Securities analyst Jeff Fenwick, who upgraded Carfinco to a ‘buy’ rating from ‘market perform’ with a price target of $11.25, says investors are afraid Santander will back out of the deal.
Posted on 1-23-2015 at 2:21 PM
Top Picks from Randy LeClair: Emera Inc. 4.50% Series E, Co-operators 5.00% Series C, and AltaGas Ltd. 4.75% Series G
Top Picks from Randy LeClair, managing director and fixed income strategist at Manulife Asset Management.
Posted on 1-23-2015 at 12:06 PM
Bond market abandons junior oil sands startups
Southern Pacific Resource Corp.'s default is being seen in the bond market as a death knell for many of Canada's startup oil-sands exploration companies in the wake of the collapse in crude prices.
Posted on 1-23-2015 at 10:40 AM
4 things to know about Canada's relationship with Saudi Arabia
You may be surprised to learn about the significant ways that Canada and the Saudi kingdom are connected.
Posted on 1-23-2015 at 10:26 AM
Don Martin: Interest rate cut helps Harper’s election chances
Only five prime ministers in our history have lasted this long, but Harper still craves another four years. And he’s got one formidable asset in his corner: Good economic luck.
Posted on 1-23-2015 at 10:21 AM
Black Friday helps push November retail sales up 0.4%
Canadian retail sales unexpectedly rose by 0.4 percent in November to a record high $43.03 billion ($34.70 billion US), pushed up in part by promotions such as Black Friday, Statistics Canada data indicated on Friday.
Posted on 1-23-2015 at 9:12 AM
Plunging gasoline prices weigh on inflation rate
Canada’s inflation rate slowed to 1.5 percent in December, as the effects of cheaper gasoline countered accelerating prices on most other items.
Posted on 1-23-2015 at 8:52 AM
Upgrades and downgrades: Wedbush boosts target price for Starbucks to $100
Nick Setyan, analyst, Wedbush Securities joins BNN for a look at what drove is price target increase on Starbucks despite a tepid fourth quarter.
Posted on 1-23-2015 at 8:39 AM

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