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| STOCKS AROUND THE WORLD THIS WEEK
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ANGELA BARNES
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Saturday, August 16, 2008
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* IRELAND: Times have been tough on the Irish stock market this year. So much so that the value of stocks traded on the Irish Stock Exchange was down 32 per cent in the first half of the year compared with a year earlier. Average daily turnover was also sharply lower.
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| Inflation no longer investors' bogeyman
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ANGELA BARNES
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Thursday, August 14, 2008
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Global institutional investors' view of inflation is undergoing a sea change. Two months ago, almost three in five managers thought inflation would rise over the next 12 months. Now, fewer than one in three feel that way, according to the latest monthly survey by Merrill Lynch and Co. Inc.
FULL STORY
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| Income trust balloon quickly deflating
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ANGELA BARNES
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Wednesday, August 13, 2008
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Times are tough, especially for income trusts, a situation underlined by the fact that three income trusts have cut or suspended their distributions over the past four days. Yesterday, industrial equipment distributor Strongco Income Fund suspended its monthly distributions, blaming ''a slowing economic environment, current operational challenges to profitability, and Strongco's balance sheet leverage.'' Its chief executive officer resigned.
FULL STORY
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| Greenback's strength is deflating gold price
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ANGELA BARNES
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Tuesday, August 12, 2008
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Given the concern about global inflation, the price of gold should be soaring. Instead, it dropped $36.50 (U.S.) yesterday to $828.30 an ounce, the lowest since Christmas Eve.
FULL STORY
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| STOCKS AROUND THE WORLD THIS WEEK
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ANGELA BARNES
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Saturday, August 09, 2008
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POLAND: The Warsaw Stock Exchange's WIG index has been losing ground basically since the year began and this past week was no exception. The total return index, which includes 338 members, dropped 3 per cent over the week, but that decline still left it well above the 52-week intraday low set in mid-July.
FULL STORY
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| Games could net gold for Chinese stock market
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ANGELA BARNES
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Friday, August 08, 2008
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If history is an indicator, China's beaten-down stock market should stage a big rebound after the Olympics end, according to the China Stock Digest.Jim Trippon, editor-in-chief of the newsletter, studied the impact of the previous six summer Olympics on the host countries' stock markets in the six months after the games. The first of the six was held in Los Angeles, the latest in Athens.
FULL STORY
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| Middle East may provide relief from global stock market pain
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ANGELA BARNES
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Thursday, August 07, 2008
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Investors searching for sanctuary in these brutal global markets might want to take a gander at the Middle East as an area to wait out the turmoil.Markets in the Gulf Co-operation Council (GCC) countries have outperformed global markets over the past year despite some weakness in July. (The GCC countries are Saudi Arabia, Qatar, Bahrain, Kuwait, Oman and the UAE.) Take Saudi Arabia out of the equation and the remaining markets are close to a record high when weighed against the MSCI World Index, noted Michael Hartnett, global emerging market equity strategist at Merrill Lynch and Co. Inc., in a report this week. Year to date those markets are showing a 1-per-cent increase, while emerging markets as a group are down 16 per cent.
FULL STORY
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| STOCKS AROUND THE WORLD THIS WEEK
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ANGELA BARNES
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Saturday, August 02, 2008
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IRELAND: Not pretty. A number of factors contributed to this week's 16-per-cent rout on the Irish stock market - not the least of which was the 67-per-cent decline in Elan Corp., Ireland's largest drug maker. Goldman Sachs dropped the stock from its conviction buy list after Elan and partner Wyeth said their experimental Alzheimer's treatment showed no benefit to the majority of patients. A ratings downgrade on Anglo Irish Bank PLC also put pressure on the market.
FULL STORY
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| RBC picks best value opportunities in U.S.
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ANGELA BARNES
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Friday, August 01, 2008
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WHAT ARE WE LOOKING FOR? Today marks the fourth in a series of examinations of top stock picks of various brokerage firms.So far, the series has looked at the portfolio of 12 larger-capitalization Canadian stocks compiled by George Vasic, strategist at UBS Securities Canada Inc.
FULL STORY
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| Resource sector has room to grow
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ANGELA BARNES
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Friday, August 01, 2008
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The energy and materials sectors have recently sold off, but fund manager Shauna Sexsmith remains a big fan and is continuing to overweight them in the Manulife Canadian Equity Fund.
FULL STORY
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| Distinguishing an opportunity from a value trap
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ANGELA BARNES
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Thursday, July 31, 2008
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WHAT ARE WE LOOKING FOR?The past two days we have been examining lists of stocks recommended by various brokerage firms. On Tuesday, we looked at the portfolio of 12 larger-cap Canadian stocks compiled by UBS Securities Canada strategist George Vasic. Yesterday, we returned to the list of top picks for 2008 drawn up by analysts at Raymond James Ltd. at the end of last year to check up on their progress. Today, we look at a list of low-multiple Canadian stocks that Myles Zyblock, at RBC Dominion Securities Inc., sees as offering opportunity to investors.
FULL STORY
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| U.S. GDP front and centre
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ANGELA BARNES
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Thursday, July 31, 2008
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The U.S. economy slipped through the first quarter without apparently setting the stage for a recession but can it do that again in the second quarter? Economists are betting it can, thanks to the robust exports sector and consumer spending spawned by the U.S. government's fiscal stimulus package.
FULL STORY
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| Underperformers blemish Raymond James list
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ANGELA BARNES
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Wednesday, July 30, 2008
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WHAT ARE WE LOOKING FOR?Just in case, dismayed by the market mayhem, you might be tempted to sell everything and stash your cash under the mattress, we have a few stock ideas for you, courtesy of a number of brokerage firms. Yesterday, we examined the 12-stock portfolio compiled by George Vasic, strategist at UBS Securities Canada Inc.
FULL STORY
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| GDP figures an expected plus
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ANGELA BARNES
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Wednesday, July 30, 2008
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Canadians would probably welcome a little good news these days on the economic front as layoffs mount, prices rise, markets weaken and housing sales slump, and they may well get it when Statistics Canada releases the May gross domestic product numbers tomorrow.
FULL STORY
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| UBS's formula for surviving the correction
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ANGELA BARNES
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Tuesday, July 29, 2008
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WHAT ARE WE LOOKING FOR?Stock picking is challenging at the best of times, and can be downright difficult at times like this. But the brokerage firms are there to help with stock suggestions. Today, we start a series of number crunchers examining some brokerage firms' lists of recommended stocks. We begin with the list from UBS Securities Canada Inc., compiled by strategist George Vasic.
FULL STORY
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| STOCKS AROUND THE WORLD THIS WEEK
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ANGELA BARNES
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Saturday, July 26, 2008
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MEXICO: After rallying for a week, Mexico's Bolsa index resumed its descent this week, putting the index down 8.3 per cent so far this year. Heavyweight America Movil SAB didn't help the situation; nor did Telefonos de Mexico SAB. But WalMart de Mexico was up on the week.
FULL STORY
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| Global stock market plunge leaves nowhere to hide
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ANGELA BARNES
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Friday, July 25, 2008
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Precious few countries have escaped the wave of selling that has swept through global markets this year and those fortunate enough to have done so are generally quite small, showing that this year there is almost nowhere for investors to hide.
FULL STORY
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| Investors wise to view rally with skepticism
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ANGELA BARNES
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Thursday, July 24, 2008
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Since U.S. equities markets bounced off the July 15 lows, they have delivered in just six sessions a return that in less turbulent times investors would be happy to earn over six months or more. That raises the question of whether the rally is for real.
FULL STORY
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| Gold price continues to tumble
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ANGELA BARNES
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Wednesday, July 23, 2008
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Gold prices, which had risen sharply in early going yesterday, tumbled in later trading to end the session down $15.20 (U.S.) an ounce at $948.50 in New York, bringing the total decline off last week's four-month high to $29.
FULL STORY
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| TIP SHEET
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ANGELA BARNES
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Tuesday, July 22, 2008
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Tempted to dabble in the U.S. technology sector, but unable to shake the memory of the tech wreck at the beginning of the decade? Take heart, says Brian Belski, U.S. sector strategist at Merrill Lynch and Co. Inc. Fundamentals in the sector have improved greatly over the last five years, he pointed out in a report yesterday.
FULL STORY
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| Shoppers Drug Mart bucks slowdown
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ANGELA BARNES
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Tuesday, July 22, 2008
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What consumer slowdown? Last week, Shoppers Drug Mart Corp. posted second-quarter results that not only beat Bay Street estimates and rewarded investors for their faith in the stock, but also showed up very well against other major publicly owned drugstore chains in North America.
FULL STORY
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| STOCKS AROUNG THE WORLD THIS WEEK
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ANGELA BARNES
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Saturday, July 19, 2008
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SWEDEN: When a stock like LM Ericsson, which accounts for about 10 per cent of the Stockholm market's OMX index, rallies, it has an impact on the index, especially when it is coupled with a solid improvement in Nordea Bank AB and retailer Hennes and Mauritz AB. Each of those stocks also represent about a 10-per-cent weighting in the index.
FULL STORY
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