By Musabbir Mazhar Rogers Communications Inc. struck a deal on Sunday, announced on Tuesday a $5.2 Billion deal for the sports broadcasting rights for National Hockey League (NHL) for the next 12 years. This is the biggest in the history of NHL. This is important to the media division since sporting events get people tied […]
Archive | November, 2013
Market update, Tuesday November 26, 2013
By Musabbir Mazhar In US, as housing permits data was released, the numbers for showed an increase at a peak level since June 2008. The number of building permits climbed in October by 6.2% to 1.034 million on a yearly basis. This is good news for the economy. However, if interest rates rise in the […]
Market Update, Friday, November 22, 2013
By Musabbir Mazhar The S&P/TSX composite index was up slightly to end the week at 13,478.34 (+0.02%). The S&P Industrials sector was up 0.49% while the Materials sector was down -0.592 %. CCL Industries Inc. announced that it will shut down its aerosol manufacturing plant in Ontario by mid 2015 – this will cut down […]
Market update, Thursday, 21st November 2013
By Musabbir Mazhar In Geneva, no positive deal went through about disagreement over Iran’s Nuclear Program. Foreign Minister Javad Zariff and EU Foreign Policy Chief Catherine Ashton were unable to find an overall agreement on Thursday afternoon. Iran holds the fourth largest oil reserves in the world and intends to have trade restrictions lifted. Negotiators […]
Market Update, Wednesday, November 20, 2013
By Musabbir Mazhar European Central Bank (ECB) policymakers might take the deposit rate to -0.1% for lenders who deposit excess cash at ECB. The current deposit rate is zero. These policy talks are essentially to take guard against deflation. Jens Weidmann, the German Central Bank president will certainly oppose this policy as he does not […]
Market Update Tuesday, 19th November, 2013
By Musabbir Mazhar The S&P/TSX composite index closed down 15.29 points to 13,422.77. This was after the billionaire investor Carl Icahn commented on Monday afternoon questioning about the recent rally of the equities market to record highs as a result of low interest rates rather than good management. The Canadian Dollar receded 0.4 cents to […]
MARKET UPDATE, monday, 18th NOVEMBER, 2013:
By Musabbir Mazhar The S&P/TSX composite index fell 24.5 points to end the day at 13,458.06 as resource shares fell due to weak commodity prices. Gold at the spot rate is at $1274.85, after falling to $1270.15 on Monday. The DJIA rose above 16,000 for the first time in its history while S&P 500 topped […]
Market Update, Friday, 1st November, 2013:
By Musabbir Mazhar Canada’s main stock index, the S&P/TSX composite index closed 23.80 points lower, or 0.18% lower, at 13,337.46. It was weighed down by the giant gold miner Barrick Gold Corp. (TSX:ABX) which ended the day falling 7.45% to 18.77 C$ after the miner announced of a $3 billion stock offering. The S&P 500 ended at […]
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