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Top related persons:
Chris Helgren - 1 Barry Schwartz - 1 Stocks - 1 Fergal Smith - 1 Shubham Batra - 1 Shashwat Chauhan - 1 Shilpi Majumdar - 1 Deepa Babington - 1
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Toronto Stock Exchange - 1 REUTERS - 1 Energy - 1 Toronto Stock - 1 TSX - 1 Baskin Financial Services - 1 Bank of Canada - 1 Technology - 1

Search resuls for: "Baskin Financial Services"


5 mentions found


☆ TSX hits a 2-month low as dividend-paying stocks fall
  + stars: | 2023-08-21 | by ( Fergal Smith | ) www.reuters.com   time to read: +2 min
The Art Deco facade of the original Toronto Stock Exchange building is seen on Bay Street in Toronto, Ontario, Canada January 23, 2019. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 33.52 points, or 0.2%, at 19,784.87, its lowest closing level since June 27. "Interest rates continue to climb, which is something negative for the TSX which is littered with dividend payers," said Barry Schwartz, a portfolio manager at Baskin Financial Services. Stocks paying high dividends dominate the real estate, utilities and financials sectors. Shares of Restaurant Brands International (QSR.TO) gained 0.9% after J.P.Morgan initiated coverage on the stock with an "overweight" rating.
Persons: Chris Helgren, Barry Schwartz, Stocks, Fergal Smith, Shubham Batra, Shashwat Chauhan, Shilpi Majumdar, Deepa Babington Organizations: Toronto Stock Exchange, REUTERS, Energy, Toronto Stock, TSX, Baskin Financial Services, Bank of Canada, Technology, Restaurant Brands, Thomson Locations: Toronto , Ontario, Canada, Real, Toronto, Bengaluru
☆ Some TD shareholders urge bank to ditch or renegotiate First Horizon deal
  + stars: | 2023-04-04 | by ( Maiya Keidan | ) www.reuters.com   time to read: +3 min
Regional lenders in the U.S. face a crisis of confidence after the collapse of Silicon Valley Bank and Signature Bank last month. First Horizon shares are trading almost 30% below TD's offer price of $25 each, which points to the high risk to the deal closing. TD offered a 37% premium to buy First Horizon more than a year ago in a deal that would make TD the sixth-largest U.S. bank, operating in 22 states. Even the shareholders who support TD going ahead with the deal say it should not pay the original price proposed. A First Horizon top-20 shareholder told Reuters he expects the deal to be extended with no other changes.
☆ Credit Suisse fears hit Toronto's main stock index
  + stars: | 2023-03-15 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, March 15 (Reuters) - Canada's main stock index fell 1.6% on Wednesday, dragged down by energy and financial stocks as Credit Suisse spooked world markets, renewing concerns of a banking crisis. By provisional close on Wednesday, the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 315.32 points at 19378.84, its worst day since December 2022. Canadian financial stocks (.SPTTFS) fell 1.9% on Wednesday, mirroring global financial stocks in falling once again, following a brief relief rally on Tuesday, as Credit Suisse (CSGN.S) hit a record low after the Swiss lender's biggest backer said it would not buy any more shares. Brent crude fell 4.1% to $74.26 a barrel. The Toronto market's industrials and utilities sectors escaped the losses on Wednesday, up 0.8% and 0.2% respectively.
☆ TSX snaps weekly losing streak as investors cheer Chinese data
  + stars: | 2023-03-04 | by ( Johann M Cherian Fergal Smith | Johann M Cherian | Fergal Smith | ) www.reuters.com   time to read: +2 min
"China was closed for months and just improving economic data gives buyers of commodity stocks confidence that those prices can hold, and as we know it is a good chunk of the TSX index," said Barry Schwartz, portfolio manager at Baskin Financial Services. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 244.37 points, or 1.2%, at 20,581.58, its highest closing level since Feb. 16. Wall Street also advanced as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will keep its restrictive policy in place for longer than anticipated. Sleep Country Canada Holdings Inc (ZZZ.TO) was up 5.9% after the company's fourth-quarter sales and earnings beat estimates. Reporting by Johann M Cherian in Bengaluru; Editing by Shilpi Majumdar and Deepa BabingtonOur Standards: The Thomson Reuters Trust Principles.
☆ TSX climbs as materials stocks gain on higher gold, copper prices
  + stars: | 2023-03-03 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
ET (1512 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 99.49 points, or 0.49%, at 20,436.7. The materials sector (.GSPTTMT) climbed 0.6%, tracking strength in copper and gold prices as strong economic data in top consumer China raised demand hopes. Following a volatile February, the TSX tracked weekly gains of 1.2%, its best performance in seven weeks. The index is on track to snap three straight weekly declines as strong economic data from China allayed fears of a global economic slowdown. Among stocks, Suncor Energy Inc (SU.TO) added 0.8% after Equinor (EQNR.OL) said it would acquire the British oil and gas business of the energy firm for $850 million.
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