Canadian Budget for April 3, 2014
Top Canadian Stories
HUDSON’S-BAY-SHARES -- Hudson’s Bay Co., the Canadian company that owns Saks Fifth Avenue and Lord & Taylor, plunged as much as 8.9 percent in Toronto trading after forecasting lower earnings than analysts had predicted. 150. Moved 11:00. By Cotten Timberlake.
ELECTRICITY-PENSION-INVESTMENT -- Canada’s pension funds are looking to increase investment in electricity companies that will need to raise C$350 billion ($317 billion) for infrastructure financing by 2030, according to Jim Burpee, head of a national industry group. 1050. Moved 00:00. By Greg Quinn.
YAMANA-GOLDCORP-CANADA-COLUMN -- A week after Goldcorp Inc. Chairman Ian Telfer said he didn’t expect anyone to thwart his company’s C$2.76 billion ($2.5 billion) hostile offer for Osisko Mining Corp., Yamana Gold Inc. is poised to do just that. 1500. Moved 09:45. By Christopher Donville.
CANADA-ALLIANZ -- Allianz SE, Europe’s biggest insurer, is expanding in Canada, targeting protection for the energy and mining industries. 900. Moved 12:00. By Katia Dmitrieva.
CANADA-FEBRUARY-TRADE -- Canada’s merchandise trade balance swung to a surplus in February, with rising exports of automobiles and energy outpacing record imports. 900. Moved 11:00. By Greg Quinn.
QUEBEC-VALUES-CHARTER -- Quebec’s election next week may be life changing for Ruba Benini, a 35-year-old medical school resident in pediatric neurology at Montreal’s McGill University.
1500. Moved 00:00. By Theophilos Argitis.
Canadian Markets and Economy
CANADA-STOCKS -- Canadian stocks fell, snapping a four-day rally, as raw-material shares paced declines amid losses in copper and gold while Hudson’s Bay Co. said its Lord & Taylor stores’ sales didn’t rebound as expected. By Gerrit De Vynck.
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