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The Week of August 25th to August 31st, 2014 “A Brief Look Back Into Tomorrow”

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The Week of August 25th to August 31st, 2014 “A Brief Look Back Into Tomorrow”






The last trading week of the month begins on Monday, August 25th with investors waiting to see if the previous week’s gains were just a pause in a larger downward correction or the start of the next upward trend.




And the day has some sizzle to it on both sides of the border when the share price of America’s Burger King Worldwide (BKW-N) and Canada’s Tim Hortons  (THI-T) both rise by over 19% to $85.40 respectively when the fast food giants announced they had entered into a agreement that would see Burger King buy Timmy’s in a $12.5-billion cash & stock deal to form the world’s third largest fast food chain and then move its headquarters north to Canada to perhaps take advantage of Canada’s lower corporate tax rate.




And with their largest deal in its 20-year history, (AMZN-Q) announced they would spend US$970-million to purchase video gaming viewing site Twitch and its 55-million monthly active viewers.




Immununovaccine (IMV-V) shares’ rose by over 17.5% to $1.14 when junior pharmaceutical company’s DepoVax vaccine was shown to have positive results in the treatment of this year’s most dangerous disease….Ebola.




Tuesday, August 26th begins with a little bit of push comes to shove when normally  Canadian media rivals Rogers Communications Inc. (RCI.B) and Shaw Communications Inc. (SRJ.B-T) announced they had joined forces to launch their Netflix Inc. (NFLX-Q) equivalent ‘Shomi’ that for $8.99-a month will allow subscribers to stream some 14,000 movies and television shows or series.




Traditional mail volumes may be dwindling, but Canada Post still managed to turn in a second quarter pre-tax profit of some $53-million on Wednesday, August 27th as the crown corporation stated that online shopping delivery services had helped to offset the drop in tradition mail.




Scotiabank (BNS-T) commodity specialist Patricia Mohr feels that the current economic recovery could move zinc and nickel prices significantly higher over the next two-years.




Firearms manufacturer Smith & Wesson (SWHC-Q) lowered its guidance for the rest of the year as strong hand-gun sales were being more than offset by a lag in long arm rifle sales.




Statistics Canada reported on Thursday, August 28th that the country’s current account deficit narrowed by $167-million in the second quarter to $11.87-billion.




Meanwhile, the U.S. Commerce Department reported their Gross Domestic Product or GDP rose in the second quarter to a much better than expected 4.2%.




BNK Petroleum (BKK-T) shares’ rose by over 10% when the company reported improved second quarter results.




Similarly, Statistics Canada reported on Friday, August 29th that Canada’s GDP climbed by 0.8% in the second quarter to a much better than expected 3.1%.




While the Canadian Finance Department reported a $1.57-billion budget surplus in June, brought the second quarter into the black by $424-million.




And the University of Michigan reported their closely watched American Consumer Confidence Index rose in August to 82.5.




RadioShack (RSH-N) share price surged up by over 31.6% to US$1.44 on word the beleaguered electronics retailer may be getting a cash infusion from Standard General.




New long-term and record index closing highs were once again established during the week with the NASDAQ Exchange reaching a new 14-year closing high of 4,580, with the S&P 500 Index establishing a new record closing high of 2,003 and the TSX Composite Index closing at a new all-time high of 15,626.




Alliance Grain Traders (AGT-T) at $26.69, Canadian National Railway (CNR-T) at $78.37 and TransCanada Corp. (TRP-T) at $58.74 all marked new TSX 52-week trading highs during the week, while GASFRAC Energy Services (GFS-T) at $0.98, MBAC Fertilizer (MBC-T) at $0.21 and TAG Oil Ltd. (TAO-T) at $2.31 all found new 52-week trading lows.




For the WeekThe Dow Industrials rose by 0.57% to 17,098, with the S&P 500 Index up by 0.75% to 2,003 and the NASDAQ Exchange ahead on the week by 0.90% to 4,580. On the Canadian side, the TSX Composite Index gained 0.58% to 15,626 and the TSX Venture Exchange improved by 1.82% to 1,024.




Crude oil gained 2.45% to US$95.88, with natural gas up by 5.15% to US$4.03 and copper down by 1.86% to US$3.16. Overall, the CRB Spot Commodity Index eased on the week by 0.21% to 484.




The Canadian dollar gained 0.67% against its American counterpart to end the week at US$0.9196.




And the closely watched CBOE Volatility Index or VIX rose by 0.65-point to a little more nervous level of 12.12.




And Finally – While Federal Governments usually makes the new with large cross border deals they can also look after the little people as Ottawa says it will tell the country’s companies to stop the recent practice of charging about $2.00 for paper invoice/statements and thereby saving the Canadian consumers an estimated               $500-million-a-year in fees.

Posted September 2, 2014

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