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market-movers-afferro-fastnet-oil-gas-jubilee-platinum-solgold-ecr-minerals-lloyds-banking-57189.html VIDEO REPORT Market Movers: Afferro, Fastnet Oil & Gas, Jubilee Platinum, SolGold, ECR Minerals, Lloyds Banking
  • Ski-Doo maker BRP to raise C$262 million in largest Canadian IPO this year

    7:48 pm

    Ski-Doo maker BRP to raise C$262 million in largest Canadian IPO this year

    BRP plans to sell 12.2 million shares for C$21.50 each, the Valcourt, Quebec-based company said in a statement on Wednesday. Based on that price, the company’s market capitalization will be about C$2.5-billion. The IPO is Canada's largest since Hudson's Bay Co. (TSE:HBC), the country's oldest company, raised $365 million in November. 

  • Canadian stocks extend gains on Fed remarks

    5:55 pm

    Canadian stocks extend gains on Fed remarks

    Canadian shares stretched this year's gains on Wednesday, fueled by gains across most major sectors on optimism that the U.S. Federal Reserve will keep its easy money policy in place for now. The benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 1.2 percent to 12,889.26 at 12:24 p.m. in Toronto on Wednesday. The gauge has extended year-to-date gains to 3.6 percent. Almost four shares advanced for every stock that declined.

  • U.S. markets rally after Bernanke testimony

    5:17 pm

    U.S. markets rally after Bernanke testimony

    U.S. stocks were sharply higher on Wednesday as Federal Reserve Chairman Ben Bernanke offered some mixed signals about the central bank's bond buying program in his testimony to the Joint Economic Committee of Congress. 

  • Canada's biggest banks seen reporting results that do little to alleviate concerns for long-term growth, says Stonecap Securities

    4:04 pm

    Canada's biggest banks seen reporting results that do little to alleviate concerns for long-term growth, says Stonecap Securities

    Stonecap Securities analyst Brad Smith offered his views of the Canadian financial services sector  on Wednesday ahead of the start of the reporting season for the nation's biggest banks later this week, amid an outlook of continued uncertainty.