Ian Nakamoto

Canada Stocks Fall as Oil Slides on China Concerns, Gold Drops

Canadian stocks fell, following a 1.2 percent gain last week, as oil prices retreated after Chinese demand weakened and gold had its longest slump in five weeks.

CIBC Outdoes Peers as Less Risk Adds Stability: Corporate Canada

Chief Executive Officer Gerald McCaughey’s mission to reduce risk at Canadian Imperial Bank of Commerce is rewarding shareholders with a less-volatile stock.

Canada Stocks Little Changed as Energy Gains Offset Banks

Canadian stocks were little changed, after the benchmark index declined for five straight days, as banks and gold companies slumped.

Great-West Joins Insurance Rally With Deal

Great-West Lifeco Inc.’s C$1.75 billion ($1.72 billion) agreement to buy Irish Life Group Ltd. signals a return to growth for the Canadian insurance industry that has spent years since the financial crisis seeking to contain damage from plunging stock prices.

Sun Life CEO Bets on Private Loans

Sun Life Financial Inc., the second-largest group-benefits provider in North America, is financing toll roads and bridges to boost investment income and counter lower yields on publicly traded debt.

Sun Life CEO Bets on Smaller Acquisitions for Growth

Sun Life Financial Inc. rallied 40 percent last year as investors rewarded decisions to shed riskier assets and emphasize insurance and wealth management. Chief Executive Officer Dean Connor says the narrower focus can still boost earnings in 2013.

CIBC-Aimia Reward Card Partnership Seen Surviving Rift

Canadian Imperial Bank of Commerce and Aimia Inc. say they’re willing to end their profitable credit card partnership after 22 years over a disagreement on terms. Analysts aren’t buying it.

GMP Capital to Cut Costs as Trading Slumps

GMP Capital Inc. Canada’s second- largest non-bank brokerage, is poised to announce more cost cuts as a 25 percent drop in trading on the country’s two main stock exchanges leads to a third-straight quarter of per-share losses.

BMO Doubles U.S. Earnings on Wisconsin Bet

Bank of Montreal has spent 28 years trying to make inroads in the U.S. Midwest. The efforts of Canada’s fourth-largest lender are starting to pay off, thanks to its C$4.1 billion ($3.98 billion) takeover of Marshall & Ilsley Corp. in Wisconsin.

Scotiabank Quarterly Profit Climbs 13% on Consumer Banking

Bank of Nova Scotia, Canada’s third- largest lender, said quarterly profit climbed 13 percent as its ING Direct acquisition improved consumer-banking results. The firm also increased its quarterly dividend.

"As China continues to slow here, people have to put in their minds that growth is more likely to come at 7 to 7.5 percent instead of 7.5 percent to 8 percent."

- Ian Nakamoto on May 13, 2013

Canada

China

Asia

Obama Forces Out U.S. IRS Chief in Bid to Contain Damage

Japan GDP Jumps Most in Year as Consumers Open Wallets: Economy

James Bond’s Pinewood Turned Down on $300 Million Plan

Dollar Climbs Before Manufacturing, Jobs Reports; Aussie Weakens

Soros Joins Gold-Stake Cuts Before Bear Market Drop