Canadian Blue-chip Industrial Forum - Morning News Call TD - Canadian Blue-chip Industrial Forum - InvestorVillage
Canadian Blue-chip Industrial Forum
This is a semi-private group. You are free to browse messages, but you must be a member of this group to post messages. Join This Group

Group: Canadian Blue-chip Industrial Forum   /  Message Board  /  Read Message

 
 






Keyword
Subject
Between
and
Rec'd By
Authored By
Minimum Recs
  
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board
Msg  66667 of 66862  at  1/21/2020 11:27:08 AM  by

Gammafriend


Morning News Call TD


 

CANADA EDITION

 

TUESDAY, JANUARY 21, 2020

 


TOP NEWS
• China coronavirus claims sixth victim as holiday travel heightens infection risks
The death toll from the coronavirus outbreak in China climbed to six as authorities reported a surge in new cases, with fears that hundreds of millions of people travelling for the Lunar New Year holiday will accelerate the infection rate.

• Huawei CFO's legal team to contest U.S. extradition in day 2 of Canada hearing
Huawei Chief Financial Officer Meng Wanzhou is set to return to a Vancouver court, where her lawyers will build on their arguments against the U.S. extradition request that they say is based a sanctions violation and not bank fraud.
• Trump calls for more overseas investment in U.S. as impeachment trial begins
Thousands of miles from his Washington impeachment trial, President Donald Trump took centre stage at Davos to tout the success of the U.S. economy, while criticising the U.S. Federal Reserve.
• Apple dropped plan for encrypting backups after FBI complained -sources
Apple dropped plans to let iPhone users fully encrypt backups of their devices in the company's iCloud service after the FBI complained that the move would harm investigations, six sources familiar with the matter told Reuters.
• U.S. Treasury's Mnuchin says Phase 2 trade deal may not remove all tariffs - WSJ
The Phase 2 trade deal with China would not necessarily be a "big bang" that removes all existing tariffs, U.S. Treasury Secretary Steven Mnuchin told the Wall Street Journal in an interview.


BEFORE THE BELL
Futures for Canada’s main stock index traded lower, dragged down by oil prices which fell on easing supply disruption concerns from Libya. Wall Street futures and global stocks took a hit from fears of an economic fallout from a new coronavirus outbreak originating in China. Safe-haven gold pared gains, while the U.S. dollar steadied. Manufacturing data is due for release. 


ANALYSIS - DAVOS
Climate change pushes investors to take their temperature
Move over revenue growth and dividend payouts: it's time to take your portfolio's temperature. Policymakers are pushing investors to do more to ensure their portfolio choices help to meet the 2015 Paris Agreement to combat climate change by limiting planetary warming to well below 2 degrees Celsius, and preferably to 1.5C. A vanguard of insurers and pension funds, many of whom will be in Davos this week for the annual meeting of the World Economic Forum, say part of the answer is a new "temperature score" that gives a snapshot of how their investments are contributing to climate change.



ANALYSTS' RECOMMENDATION
• Boyd Group Services Inc (BYD). National Bank of Canada raises target price to C$240 from C$205, following the company’s conversion to a corporate structure and acquisition of nine locations in Southern California. 
• Enerplus Corp (ERF). National Bank of Canada cuts target price to C$13.50 from C$15, considering the company’s modestly tapered outlook, including lower capital spending, production volumes and consequently, cash flow.



ECONOMIC EVENTS (All timings in U.S. Eastern Timings)
0830 Manufacturing sales mm for Nov: Expected -0.3%; Prior -0.7%


COMPANIES REPORTING RESULTS
January 21:
No major companies are scheduled to report for the day.

January 22:
Rogers Communications Inc (RCIb). Expected Q4 earnings of C$1.03 per share



CORPORATE EVENTS
No major events are scheduled for the day.


EXDIVIDENDS
Inter Pipeline Ltd (IPL). Amount C$0.14
Keyera Corp (KEY). Amount C$0.16
Parkland Fuel Corp (PKI). Amount C$0.09



(All analysts' estimates are according to I/B/E/S Refinitiv data.)


 


     e-mail to a friend      printer-friendly     add to library      
| More
Recs: 3     Views: 76
Previous Message  Next Message   Post Message   Post a Reply return to message boardtop of board






About Us  •  Contact Us  •  Follow Us on Twitter  •  Members Directory  •  Help Center  •  Advertise
Not a member yet? What are you waiting for? Create Account
Want to contribute? Support InvestorVillage by donating
© 2003-2019 Investorvillage.com. All rights reserved. User Agreement
   
Financial Market Data provided by
.


Loading...