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Tim Hortons being circled by Wall Street hedge funds
At least two groups of American hedge funds have bought large chunks of Tim Hortons shares recently, a sign the activist investors want to push the company to make major changes to its business, or possibly give up some control over the company.
| 12,367.46 | +78.56 | (0.64%) | |
|
| 929.99 | -4.05 | (-0.43%) | |
| 15,318.23 | +138.38 | (0.91%) | ||
| 1,651.81 | +12.77 | (0.78%) |
Top stories
Wed Jun 19, 2013 7:03am EDT. * FTSEurofirst 300 up 0.2 pct in jittery trade. * Investors taking off positions before Fed. * No change expected from Fed at this meeting.
Verizon Communications Inc. confirmed on Tuesday that it is considering an entry into Canada's $19-billion wireless market in the wake of a report earlier this week by The Globe and Mail.
Statoil said its new find is located in the Harpoon prospect. (Statoil). The Norwegian company Statoil has made another oil discovery about 500 kilometres northeast of St. John's, according to a company news release.
A former fighter pilot with experience running airports around the world has been named the new head of Vancouver International Airport.
The federal government will raise the bar for oil companies operating off the East Coast and in the Arctic, increasing the limit on their liability for environmental and other damage from a blowout or oil spill to $1-billion.
Trends
| Gainers | Change | Mkt Cap | |
| LUP | Lundin Petroleum AB | 4.34% | 6.74B |
| THI | Tim Hortons Inc. | 4.03% | 8.58B |
| BB | Research In Motion Ltd | 3.63% | 7.93B |
| ERF | Enerplus Corp | 3.50% | 3.13B |
| SPB | Superior Plus Corp. | 3.24% | 1.49B |
| Losers | Change | Mkt Cap | |
| PVF | Partners Value Fund Inc | -8.70% | 1.44B |
| FNV | Franco-Nevada Corporation | -5.75% | 5.56B |
| OSK | Osisko Mining Corp. | -5.18% | 1.76B |
| YRI | Yamana Gold Inc. | -5.13% | 8.20B |
| ELD | Eldorado Gold Corp | -3.88% | 5.14B |
Excludes stocks with mkt cap less than $1B.
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Bank of Canada daily digest
| Money markets | Change | |
| Overnight rate | 1.01% | +0.0015 |
| Corporate paper, 1 month | 1.12% | 0.00 |
| Treasury bill, 1 month | 1.01% | 0.00 |
| Inflation | ||
| Total consumer price index | 0.400% | -0.6000 |
| Interest rates | ||
| 10 year bond | 2.61% | +0.0200 |
| Prime business rate | 3.00% | 0.00 |
| Conventional mortgage, 5 yrs | 5.14% | 0.00 |