Canaccord Genuity News
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Edmund Kim joined ONCAP Management Partners in Toronto as a director from M/C Partners in Boston where he was vice president, according to Vlaad and Co., a Toronto-based financial services recruiting firm.
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Halogen Software Inc., which sells cloud-based employee management software, jumped 17 percent in its first day of trading in Toronto today.
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Apple Inc., the world’s most valuable technology company, has lost its edge among investors, according to the latest Bloomberg Global Poll.
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Canadian stocks rose as industrial and energy shares advanced amid improving confidence in economic growth in the U.S., the country’s largest trading partner.
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Most U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April.
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Chinese stocks fell in New York for the first time in six days, led by Spreadtrum Communications Inc., on concern the Federal Reserve will step back from more stimulus, curbing inflows into emerging markets.
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Investors are wagering Hudson’s Bay Co. will follow Canadian Tire Corp. in spinning off its property into a real estate investment trust.
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Rackspace Hosting Inc., a provider of Web-based computing services, plunged the most ever after its revenue result and forecast trailed analysts’ estimates.
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Experian Plc, the credit-reporting service with financial information on more than one-tenth of the people in the world, rose to a record after announcing plans to return more cash to investors than analysts expected.
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Industrial Alliance Insurance and Financial Services Inc. is poised to continue outperforming Canadian insurance peers as it shores up capital to guard against a decline in stocks.
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