Since the Bank of Canada's initial interest rate cut on June 5, 2024, Canada's mainstock index,$S&P/TSX Composite Index (.SPTSX.CA)$, has increased by more than 15%. As of Wednesday, the index climbed 0.12%, closing at 25,311.50. Read More: BoC Interest Rate Decision Preview: CPI Report Paves Way for BoC Rate Cuts, Tariffs Add Uncertainty Leading this impressive rally is the Information Technology Sector, which has skyrocketed by 50.88% since...
Canadian stocks dip, tracking declines in the U.S. as gains in metals and oil and gas sectors weren't enough to offset declines in tech, finance, and retail sectors. The$S&P/TSX Composite Index (.SPTSX.CA)$closed 0.3% lower at 24,929.89, reversing earlier gains. The blue chip$S&P/TSX 60 Index (.TX60.CA)$also slipped 0.3% to 1,494.34. $Shopify Inc (SHOP.CA)$slumped 6.3% amid a wider tech sell-off that hit the main exch...
National Bank has agreed to purchase$Canadian Western Bank (CWB.CA)$for $5 billion, a move that sees the bank paying a 118% premium over CWB's June 11 close price of C$24.89. This acquisition follows the$Royal Bank of Canada (RY.CA)$'s significant purchase of HSBC Canada, valued at $13.5 billion, signaling a consolidation trend in the Canadian banking industry. Since the announcement, Canadian Western Ba...
Good morning mooers! Here are things you need to know about today's market: ● S&P/TSX 60 Index Standard Futures are trading at 1,313.10, up 0.38% ● 'A tale of 2 economies': Interest rate policy in Canada and U.S. set to diverge ● National Bank to buy Western Canada rival for US$3.6 billion ● OECD fossil fuels output increases 3.5% YoY in March, IEA reports ● Stocks to watch: Gold Reserve Market Snapsh...
Tonight, National Bank just bought out Canadian Western Bank for a 110% premium. In Canadian standards, it's a big deal. So I went to the option chains on Canadian Western Bank$Canadian Western Bank (CWB.CA)$usually there's often unusual option activity prior to deal announcements especially with this type of premium. Well guess what , not a once of anything unusual The largest open interest outstanding for any contract was a measly 435 contracts lol
$National Bank of Canada (NA.CA)$agreed to acquire$Canadian Western Bank (CWB.CA)$for C$5 billion in an all-stock deal, the companies said in a press release. Holders of Canadian Western Bank will get 0.45 share of National Bank for every CWB share held. That exchange ratio values CWB share at C$52.24, according to the 20-day volume weighted average trading price of National Bank, the release showed. All of CWB...
Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility. Dividend Kings In Canada are companies that have increased their Dividend per share for the most consecutive years, reflecting a strong business model and robust financials, and are likely to outperform the market with less volatility.
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