5i Research Blog
Feb 17, 2017 5 from 5i - Return Drivers of Historical Bull Markets
The S&P/TSX Composite rose for an eigth-straight day and to fresh record highs this week, led by gains for its financial services group after strong economic data from both Canada and the U.S. President Donald Trump repeated his promise of tax cuts and on upbeat economic data that increased the odds of a rate hike and lifted bank stocks. PayPal Holdings (PYPL) said it will buy bill payment company TIO Networks (TNC) in a cash deal worth about US$233M, expanding the online transactions business. Teck Resources (TECK) reported a better-than-expected quarterly profit, lifted by a surge in the price of coal. The ISED and the competition Bureau approved BCE’s acquisition of MTS and the transaction is now expected to close on March 17, 2017. Xplornet was also unexpectedly included in the deal. Here are five investment and finance stories we found interesting this week.
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