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Top related persons:
Allan Small - 2 Lundin - 1 Jack Lundin - 1 Khushi Singh - 1 Shweta Agarwal - 1 Justin Trudeau - 1 Trudeau's - 1 François - 1
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Thomson - 2 U.S - 1 Treasury - 1 Toronto Stock - 1 Allan Small Financial - 1 Federal - 1 Labor - 1 Lundin Mining - 1

Search resuls for: "Allan Small"


10 mentions found


☆ TSX slips as yields touch historic highs on interest rate worries
  + stars: | 2023-10-03 | by ( Khushi Singh | ) www.reuters.com   time to read: +2 min
ET (14:27 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was down 171.91 points, or 0.9%, at 19,005.27. Yields on 10-year and 30-year <US30YT=RR > U.S. government bonds hit their highest since 2007, while the dollar climbed to a more than 10-month peak. The only sector with minor gains was the communications sector (.GSPTTTS), which rose 0.2% in early market hours. In corporate news, Lundin Mining (LUN.TO) shares dropped 4.7% as the company announced insider Jack Lundin would be the new chief executive officer. Reporting by Khushi Singh in Bengaluru; Editing by Shweta AgarwalOur Standards: The Thomson Reuters Trust Principles.
Persons: Lundin, Allan Small, Jack Lundin, Khushi Singh, Shweta Agarwal Organizations: U.S, Treasury, Toronto Stock, Allan Small Financial, Federal, Labor, Reuters, Lundin Mining, Thomson Locations: U.S, Bengaluru
☆ Canada's warning of new taxes on top grocers may not lower food inflation, analysts say
  + stars: | 2023-09-15 | by ( Granth Vanaik Juveria Tabassum | Granth Vanaik | Juveria Tabassum | ) www.reuters.com   time to read: +2 min
Prime Minister Justin Trudeau said on Thursday he had invited the heads of Canada's five largest grocery chains, including Sobeys (EMPa.TO), Metro (MRU.TO) and Loblaw (L.TO), to Ottawa next week to discuss how they planned to control sky-rocketing food prices. Trudeau's move comes when governments across the globe, especially in Europe, have expressed concern over soaring food prices as they seek to address a cost-of-living crisis that has intensified after the pandemic subsided and since the Russia-Ukraine war began. However, after a similar move from the French government in June, analysts were skeptical about Trudeau's warning. They argued it was a "political" tactic and might be ineffective in lowering lingering food inflation. "Both PM Justin Trudeau and François-Philippe Champagne (Canada's industry minister) spoke tough about this topic and it is difficult to envision what teeth they have to hold grocers accountable," said Ben Jang, portfolio manager at Nikola Wealth.
Persons: Justin Trudeau, Trudeau's, François, Philippe Champagne, Ben Jang, Michael Ashley Schulman, Allan Small, Granth Vanaik, Pooja Desai Organizations: Metro, Loblaw, Nikola Wealth, Running, Capital Advisors, iA, Wealth, Carrefour, Lipton, Nestle, PepsiCo, Unilever, Thomson Locations: Ottawa, Europe, Russia, Ukraine, Bengaluru
☆ TSX notches 6-week high as investors cheer US bank earnings
  + stars: | 2023-04-14 | by ( Fergal Smith | ) www.reuters.com   time to read: +2 min
The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) rose 15.42 points, or 0.1%, to 20,579.91, its highest closing level since March 3. "Good bank earnings out of the U.S. spilled over into Canada," said Allan Small, senior investment advisor of the Allan Small Financial Group with iA Private Wealth. Canadian banks had been pressured in recent weeks by the banking stress in the United States and Europe. The Toronto market's heavily-weighted financials sector added 0.2%, while energy was up 0.3% as oil added to recent gains. Reporting by Shristi Achar A in Bengaluru; Editing by Shilpi MajumdarOur Standards: The Thomson Reuters Trust Principles.
☆ Energy, industrial stocks lift TSX; Lundin Mining jumps
  + stars: | 2023-03-28 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
"But here it seems the market likes the deal and is giving a thumbs up with respect to the acquisition." ET (14:10 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 61.34 points, or 0.31%, at 19,686.08. Energy stocks (.SPTTEN) added 0.8%, tracking oil prices amid supply disruption risks from Iraqi Kurdistan. Still, the bourse is up for the quarter underpinned by gains from January as equities bounced back from previous year's losses. Reporting by Johann M Cherian in Bengaluru; Editing by Rashmi AichOur Standards: The Thomson Reuters Trust Principles.
☆ Toronto market rallies as energy, financials gain
  + stars: | 2023-03-20 | by ( Johann M Cherian Fergal Smith | Johann M Cherian | Fergal Smith | ) www.reuters.com   time to read: +1 min
The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended up 131.71 points, or 0.7%, at 19,519.43, preliminary data showed. The financial sector (.SPTTFS), which accounts for nearly 30% of the TSX, added 0.5%. Energy was up 2.9% as oil rebounded from a 15-month low. The materials sector, which includes precious and base metals miners and fertilizer companies, gained 0.8%. Reporting by Johann M Cherian in Bengaluru; Editing by Pooja Desai and David GregorioOur Standards: The Thomson Reuters Trust Principles.
☆ Commodity stocks weigh on TSX; Ritchie Brothers rise
  + stars: | 2023-03-06 | by ( Johann M Cherian | ) www.reuters.com   time to read: +2 min
Ritchie Brothers Auctioneers Inc's shares (RBA.TO) rose 3.1% as two leading proxy advisory firms recommended that shareholders vote against the asset management firm's planned takeover of U.S. auto retailer IAA Inc (IAA.N). ET (15:12 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 20.46 points, or 0.08%, at 20,602.04. The energy sector (.SPTTEN) and miners (.GSPTTMT) fell 0.9% each, tracking declines in commodity prices after China over the weekend set a lower-than-expected gross domestic product target of 5%. "The commodity stocks are weighing on the index because China is forecasting growth for the upcoming year not as high or as we would have anticipated," said Allan Small, senior investment advisor at Allan Small Financial Group. Reporting by Johann M Cherian in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ TSX hits six-week high as investors await inflation data
  + stars: | 2023-01-16 | by ( Shristi Achar A Yohann M Cherian | Shristi Achar A | Yohann M Cherian | ) www.reuters.com   time to read: +2 min
ET (1505 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 38.76 points, or 0.19%, at 20,398.86 - a six-week high. Investors will focus on December inflation data due on Tuesday, with economists polled by Reuters forecasting a 6.4% rise on an annual basis. "We're going to have the CPI report, so that'll be crucial, giving us an indication how the fight against inflation is going," said Allan Small, senior investment advisor at Allan Small Financial Group. The energy sector (.SPTTEN), financial (.SPTTFS) and technology stocks (.SPTTTK) gained between 0.2% and 0.4%. Investment management company Colliers International Group (CIGI.TO) gained 3.3% after Scotiabank upgraded the stock to "outperform".
☆ TSX posts biggest weekly decline since September as oil tumbles
  + stars: | 2022-12-09 | by ( Fergal Smith | ) www.reuters.com   time to read: +2 min
[1/2] 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 22.12 points, or 0.1%, at 19,947.07, its lowest closing level since Nov. 17. For the week, the index was down 2.6%, its biggest weekly decline since September. The Toronto market's energy sector fell 0.7% as U.S. crude oil futures settled 0.6% lower at $71.02 a barrel. Reporting by Fergal Smith; Additional reporting by Shashwat Chauhan in Bengaluru Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
☆ Top Canada banks RBC, National Bank's profits dip as bad debt provisions mount
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +2 min
Profit from personal and commercial banking for RBC and National Bank in the quarter grew 5% and 13%, respectively. RBC earmarked C$381 million in provisions for credit losses (PCL), compared with a C$227 million release last year. National Bank reported C$87 million versus a C$41 million release a year ago. Shares of RBC, which agreed to buy HSBC's (HSBA.L) Canadian business on Tuesday, were down 1.4%, while National Bank fell nearly 4%. National Bank, on the other hand, posted an adjusted profit of C$2.08 per share, below analysts' expectation of C$2.24.
☆ TSX hits 19-month low as global recession risk weighs
  + stars: | 2022-10-11 | by ( Fergal Smith | ) www.reuters.com   time to read: +2 min
Investors were already on edge ahead of a key U.S. inflation report this week that could cement additional interest rate hikes by the Federal Reserve. read more"I think we are seeing the rate hikes really in full effect now," said Allan Small, senior investment adviser at the Allan Small Financial Group with iA Private Wealth. "The fear is that because the rate hikes have a lagging effect on the economy, we will not feel the full effect of these rate hikes until perhaps 3-6 months down the road." The International Monetary Fund on Tuesday cut its global growth forecast for 2023, warning that conditions could worsen significantly next year. Heavily-weighted financials lost 2.3% and technology was down nearly 3%.
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