The fourth biggest bank in Canada will reduce its workforce by 4 percent, according to a company memo seen by Reuters. » Read More
If you’re looking for some new stocks ideas, Jim Cramer thinks you should grab a compass and look north.
Concerns about possible U.S. military intervention in Syria set markets on edge Monday and has now moved up the list of what is worrying traders.
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Facebook stock still looks attractive, Michael Pachter says.
NEW YORK/ TORONTO, Oct 26- Moody's Investors Service warned on Friday it could cut its ratings on five top Canadian banks on concerns about a softening economy and volatile capital markets, a blow to a banking system named the soundest in the world four years in a row.
NEW YORK-- Moody's Investors Service warned Friday that it could downgrade its debt ratings on the U.S. subsidiaries of two Canadian banks, Toronto-Dominion Bank and Bank of Montreal, after the parent companies' ratings were placed on review.
HONG KONG, Oct 26- Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. The managing partner of National Australia Bank was one of 14 contenders who took part in Hong Kong's sixth annual IronMonger Hedge Fund Fight Night, a fundraising event that is now a staple of the city's financial community.
HONG KONG, Oct 26- Adam Gazal trained for six months to stand in the ring for six minutes of live boxing. The managing partner of National Australia Bank was one of 14 contenders who on Thursday took part in Hong Kong's sixth annual IronMonger Hedge Fund Fight Night, a fundraising event that is now a staple of the city's financial community.
TORONTO, Oct 12- Toronto's main stock index pulled back on Friday and marked its worst weekly performance in four months as worries about the euro zone's crisis strategy, the upcoming U.S. election and slowing global economic growth limited the appeal of riskier assets. 0.5 percent at C $53.22, and Bank of Montreal.
Oct 10- Fairfax Financial Holdings Ltd on Wednesday sold C $200 million of 10- year debt, according to a term sheet seen by Reuters. The 5.84 percent notes, due Oct. 14, 2022, were priced at 99.963 to yield 5.845 percent, or 403.9 basis points over the Canadian government benchmark. The investment dealer arm of Bank of Montreal was the bookrunning manager for the sale.
*After almost a year of waiting, Canada has formally joined major Pacific Rim trade talks- negotiations that will put pressure on Ottawa to ratchet back protections sheltering Canadian dairy, egg and poultry farmers from foreign competition.
With the election just weeks away, this strategist has ideas about where a President Romney would take the dollar.
Oct 4- Toyota Credit Canada Inc on Thursday sold C $300 million of five-year notes, according to a term sheet seen by Reuters. The 2.20 percent notes, due Oct. 19, 2017 were priced at 99.901 to yield 2.221 percent, or 92 basis points over the Canadian government benchmark, according to the term sheet.
*British Columbia Premier Christy Clark has issued a veiled threat to withhold electricity needed to operate controversial oil sands pipelines if the projects do not meet her demands.
Oct 2- Bank Of Montreal on Tuesday sold C $1.5 billion of three-year notes, according to a term sheet seen by Reuters. The 1.89 percent notes, due Oct. 5, 2015, were priced at 99.997 to yield 1.891 percent or 74.1 basis points over the Canadian government benchmark. The investment dealer arm of Bank of Montreal was the bookrunning manager of the sale.
Here are five exchange-traded funds to watch this week across a variety of sectors.
Despite a decline in Bank of America shares following a Citigroup downgrade, trader Simon Baker said there’s a litmus test for buying.
Last year he said the S&P would end the year where it started, and he was right. This year famed strategist Doug Kass tells us the stock market will make new all time highs in 2012!
U.S. banks could still see downward movement following Fitch report, Fast Money experts say.
Traders are looking for upside in the Bank of Montreal, which is less volatile and far more consistent than the big U.S. banks.