Home / Financial crisis

Financial crisis

Food sales lift the bottom lines of Loblaw Companies Ltd and Metro Inc


Metro Inc. and rival Loblaw Cos. Ltd. beat industry analysts’ projections for quarterly earnings Wednesday as the large grocery retailers benefited from stronger food sales, though the latter warned drug regulatory changes will weigh on its pharmacy business for the remainder of the year. Both retailers saw their shares rise …

Read More »

Target Corp oversold – J.P. Morgan


For the first time since chief executive Brian Cornell took over in August 2014, Target Corp. failed to beat earnings expectations and reported a year-over-year decline in gross margins. This has investors wondering whether the retail giant’s upward earnings revision cycle is running out of steam, and if its turnaround …

Read More »

How a former Lehman banker and his twin brother’s credit crisis experiences helped shape Mogo


Painful personal experiences at opposite sides of the credit crisis brought twin brothers Dave and Greg Feller together at Mogo Finance Technology Inc., one of a handful of online alternative lenders tapping those who can’t or don’t want to deal with a bank. Greg, Vancouver-based Mogo’s chief financial officer, was …

Read More »

Why 2015 will go down as a year to forget for North American coal miners


Plenty of coal industry insiders have spoken out about the collapse of the business in the United States. But nobody does it with quite the same fervor as Robert Murray. Canadian miner Lucara finds 1,111-carat diamond — believed to be second-largest ever The gigantic diamond, found in Botswana, is so …

Read More »

Sleep Country back with $185M secondary offering, within 180 days of going public


Less than five months back, the existing shareholders at the about-to-go public Sleep Country Holdings Canada, entered into a lock up agreement limiting their ability to sell shares for a period time in the future. As stated in the final prospectus, “the Company, the Existing Shareholders and each of the …

Read More »

Enbridge may be high water mark for bought deals that go awry


Most of the time a bought deal – a Canadian-invented system of raising capital for issuers – runs smoothly: a deal is announced, buyers rush in to participate and within a couple of weeks the company gets the net proceeds. Every so often a deal doesn’t work out: either the …

Read More »

‘Intensely competitive’ winter ahead for airlines serving sun destinations


It’s shaping up to be an “intensely competitive” winter for Canadian airlines and tour operators serving sun destinations, leading analysts at National Bank to lower their price targets for WestJet Airlines Ltd. and Transat AT Inc. The bank’s analysis of the sun destination leisure market found that total capacity from …

Read More »

Keurig Green Mountian Inc short sellers just got burned! Stocks soars on news of $13.9 billion buyout


Keurig Green Mountain Inc. will be acquired by a JAB Holding Co.-led investor group for about US$13.9 billion in cash, bringing a massive windfall to shareholders after a year of watching the stock get battered. Following the buyout, Keurig will be privately owned and independently operated, according to a statement …

Read More »

Goldcorp CEO Chuck Jeannes to retire in spring, Hudbay Minerals CEO to take helm


VANCOUVER — Goldcorp says its president and chief executive Chuck Jeannes will retire in the spring and David Garofalo, who is currently the president and CEO of HudBay Minerals Inc., will take over his role. The gold miner said Jeannes will step down following the company’s annual general meeting in …

Read More »

Alabama Graphite – Straight to Battery Ready


Alabama Graphite – Straight to Battery Ready Alabama Graphite Corp. (V.ALP) has released a Preliminary Economic Assessment on its Coosa graphite project in central Alabama. Reading through the PEA and the press release, it is immediately apparent that there are a number of features which truly differentiate Alabama Graphite from …

Read More »