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As expected, the first day of the Farnborough Airshow was a busy one for the two major commercial jet makers. Boeing Co. (NYSE: BA) announced orders for some 59 new passenger jets, while European rival Airbus said it took orders for 100 new planes. Not all these orders are new or firm.
Before turning to the scoreboard, one item of special interest is an order from United Airlines for 25 Embraer....More>>>
Canada’s purchase of Kinder Morgan Inc.’s embattled pipeline is good news for the oil patch, so long as it doesn’t become the norm.
While the $3.5 billion Trans Mountain takeover keeps alive a project seen as critical to expanding markets for Canada’s crude and improving the price oil-sands producers get paid, it also reveals how key infrastructure projects can....More>>>
Canadian factory sales posted strong gains for a second month in March, adding to evidence the economy is building some momentum after a slow start to the year.
The value of manufacturing shipments climbed 1.4 percent, lifted by increases in primary metals and aerospace products. That followed an upwardly revised 2.7 percent gain in February, marking one of the strongest back-to-back gains....More>>>
Consolidation isn’t coming in the Canadian cannabis industry — it’s already here.
The big story right now relates to the potential acquisition of MedReleaf (NASDAQOTH:MEDFF) by Aurora Cannabis (NASDAQOTH:ACBFF). There’s no guarantee that a deal will be made, but the two companies announced that they were engaged in discussions.
Kinder Morgan Inc. (NYSE: KMI) and its Canadian subsidiary Kinder Morgan Canada Ltd. already deliver 300,000 barrels a day of oil from the oil sands of Alberta to the coast of British Columbia. In late 2016, the company received approval from the Prime Minister Justin Trudeau and the federal government to proceed with a plan to expand the Trans Mountain pipeline to transport nearly 900,000 barrels....More>>>
Valeant Pharmaceuticals International (VRX) is considering the sale of an Egyptian drug maker it bought last year, Bloomberg’sManuel Baigorri and Dinesh Nair are reporting:
Valeant Pharmaceuticals International Inc. is considering the sale of Egyptian drugmaker Amoun Pharmaceutical Co. as the beleaguered Canadian company seeks to accelerate its debt-reduction plans, according to people....More>>>
Media headlines about Canadian Pacific Railway (NYSE:CP) (TSE:CP) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Canadian Pacific Railway....More>>>
Small cap gourmet burger stock Red Robin Gourmet Burgers, Inc (NASDAQ: RRGB) reportedfiscal Q1 earnings after the Tuesday close. Unlike most other restaurant chains, Red Robin Gourmet Burgersis focused on company-owned restaurantswhich gives it full control over operations along with profits. However, a spat of burger related IPOs a few years ago led to concerns over
The big day is now less than four weeks away. On June 7, Canada’s Senate will vote on bill C-45, which is better known as the Cannabis Act. This bill aims to make recreational marijuana legal for purchase by adults 18 years of age and over. If approved by the Senate, the Cannabis Act likely will move swiftly through Canada’s federal government, allowing it to become the first developed....More>>>
The Bank of Canada kept borrowing costs on hold Wednesday and indicated it’s no rush to pursue aggressive interest rate hikes amid growing global trade tensions and softer housing data.
The statement, which left the benchmark rate at 1.25 percent, repeated dovish language about moving cautiously in an economy that will require continued stimulus. The broader trade comment was new,....More>>>
Bread (CURRENCY:BRD) traded 10.1% lower against the U.S. dollar during the 24-hour period ending at 15:00 PM ET on May 6th. Bread has a market cap of $73.13 million and approximately $1.09 million worth of Bread was traded on exchanges in the last 24 hours. One Bread token can currently be purch
There is more to learn from Texas Instruments and Central California Electronics situations. When I originally acquired these Texas Instrument shares in the summer of 1995, they were bought for the longest type of long-range investment. It seemed to me the company fully warranted this d
Liberty Broadband Corp Series C (NASDAQ: LBRDK) and Roku (NASDAQ:ROKU) are both consumer discretionary companies, but which is the better investment? We will contrast the two companies based on the strength of their analyst recommendations, risk, institutional ownership, profitability, earnings