daniel gerovasilis

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Bank of Canada likely ‘incredibly uncomfortable’ as Canadian dollar hovers near 94¢

<i>These are stories Report on Business is following Wednesday, July 2, 2014</i>.<p><b>Loonie at about 94 cents</b><br>The Canadian dollar sits at almost 94 cents U.S. today, no doubt causing the Bank of Canada some discomfort.<p>The loonie, as Canada's dollar coin is known, has been making "slow daily gains," driven most …

Check out these horrible stock picks — they’re mine

When I made the transition to what can charitably be referred to as a “stock picker” in early 2008, I really had no idea what I was getting myself …

1. George Soros

2013 Earnings: $4 billion<br>The legend continues. In 2013, George Soros had a pretty good year, with Soros Fund Management delivering returns north of 22%. That was not good enough to beat the U.S. stock market, but it still made Soros a lot of money. Soros is not involved in the day-to-day operations …

Luxury Submarine Hotel Offers Romantic Undersea Getaway

Lovers Deep is a luxury submarine offered by Oliver's Travels for couples to go on a romantic getaway, deep in the ocean, and perhaps join what they're coining as the “Mile Low Club” (an undersea alternative to the Mile High Club that so many have participated in on airplanes). Each watercraft in …

4 financial rules of thumb in need of upgrades

I recently gave a talk to a regional Lions Club, and the questions quickly turned into a referendum on some of the oldest financial rules in the book.<p>…

Hot Stock: Schroders

(Photo: Dinodia/Getty Images)<p>Ask most investors what financial industry stocks they own and they’ll tell you banks and insurance companies. While …

Three top stock picks from Morgan Meighen’s Michael Smedley

<i>Michael Smedley is executive vice-president and chief investment officer at Morgan Meighen & Associates. His focus is on Canadian equities.</i><p><b>Top picks:</b><p><b>Vodaphone</b><p>Record-breaking massive payment on block sale of Verizon control block back to Verizon, resulting in cash for shareholders and cash for …

The end of BlackBerry, and four other business stories to watch this fall

1. Buyer for Blackberry 0 likes<p>By the end of the year, Canada’s best-known technology brand may no longer exist as a public company.<p>BlackBerry, the Waterloo-based maker of the world’s first smartphones, is on a quest to sell itself to the highest bidder. The company is looking for an investor to …

Bargain hunting (with help from the pros)

<b>What are we looking for?</b><p>Stocks that Bay Street analysts like. These pros are expected to identify promising stocks and, while they're far from perfect at the job, they do at least provide a good starting point for the rest of us to consider in our search for undervalued equities.<p>We thought it would …

The long-term benefits of short-term investing

Are markets really myopic? Do managers of publicly traded companies spend too much time focusing on the quarterly earnings report?<p>The usual storyline is that the daily grind of the stock market – pressure from hedge fund investors, the threat of takeover by giant private equity funds, selective …

Carrick on money: September is a stock market graveyard

<i>The best of the web on money, markets and all things financial, as chosen daily by Globe and Mail personal finance columnist Rob Carrick.</i><p><b>September is a stock market graveyard</b><p>It's not your imagination – nasty stuff does often happen to the stock markets in September. Here's data to prove it.<p>How …

The hardest call: Knowing when to sell

<i>Mr. Bowman is a portfolio manager at Hamilton-based</i> Wickham Investment Counsel Inc.<i>, an adviser to high net worth clients.</i> michael@wickhaminvestments.com<p><b>What are we looking for?</b><p>There are many reasons to consider selling a stock. Perhaps the share price is growing faster than the earnings growth. …

TD: In buying stake in Canadian oil producer, Buffett may be on to something

A few big investors have been turning their attention to the Canadian energy sector recently, and analysts at TD Securities think it's a bullish sign. The most conspicuous move is by Warren Buffett, whose Berkshire Hathaway Inc. bought 17.8 million shares in Suncor Energy Inc. in the second …

The 96-minute rule, and other timely tips

Your work day today might be the traditional eight hours, or stretch to 10 hours or more. But imagine if only 96 minutes really counted.<p>What would you do in those 96 minutes, and how would you protect that precious time from external foes (colleagues, business partners, customers) and the foes …

Cadillac Elmiraj Concept First Look

View 45 Photos<p>Hot damn! There were quite a few who doubted Cadillac's ability to follow up its Ciel Concept from last year's Pebble Beach Concours, and yet look at this! This is the new Cadillac Elmiraj Concept the automaker just unveiled at this year's show. The Elmiraj, a two-door "grand" coupe …

Rosenberg: The time has arrived to protect your portfolio against inflation

<i>Globe editors have posted this research report with permission of Gluskin Sheff + Associates Inc. This should not be construed as an endorsement of the report's recommendations. For more on The Globe's disclaimers please read here. The following text is excerpted from the report:</i><p>Inflation is a …

If BlackBerry is sold, Canada faces an innovation vacuum

The sale and breakup of a flagship technology company is a reoccurring theme in Canadian business. But this time is different. If BlackBerry Ltd. goes, there is no ready replacement. That's a telling switch from the situation Canada faced with the sale of Newbridge Networks in 2000 and the demise …