What a Greek Euro Exit Could Mean for Canada

What a Greek Euro Exit Could Mean for CanadaA tumultuous Greek exit from the eurozone would have a harder impact on Canada’s economy than the credit crisis recession of 2008 and 2009, a report from a major Canadian bank warns. The prospect of debt-saddled Greece defaulting on its loans, and exiting the euro currency union at some point has moved from a remote possibility to a realistic outcome in recent weeks, as a seemingly endless series of summits…

Read More >>

Historic Facebook Debut Falls Flat

Historic Facebook Debut Falls FlatThe historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company’s sky-high valuation combined with trading glitches left the stock languishing near its offering price at the market close. Facebook shares began trading late Friday morning and opened 11 percent above the $38 offering price, but after peaking at about $45 slid rapidly at the end of the day to close…

Read More >>

Oilsands Critics put Spotlight on Foreign Ownership

Oilsands Critics put Spotlight on Foreign OwnershipAnti-oilsands activists hit back at recent criticism of foreign funding of environmental charities Thursday by releasing a report showing oilsands companies are overwhelmingly foreign-owned. ForestEthics Advocacy — a spin-off of ForestEthics, which is a registered charity — released a shareholder analysis conducted using Bloomberg statistics that found 71 per cent of all companies operating in the Fort McMurray, Alta., area are not Canadian. Of the remaining companies that are headquartered…

Read More >>

Bulls vs. Bears: Does the Economy Matter?

Bulls vs. Bears: Does the Economy Matter?I haven’t written a Bulls vs. Bears post in a while. Given the tremendous stock market run from the end of last year through the end of the first quarter of this year, it seems like a good time to assess the current position of the markets. I recently read two articles which, on the surface, appear to make inverse arguments. One article says that stocks are the place to…

Read More >>