John Shmuel on Muck Rack

John Shmuel Verified

Toronto, Ontario
Reporter, Financial Post — National Post
As seen in:  National Post, Vancouver Sun

Reporter for the @financialpost, business section of the @nationalpost.

Bank of Canada’s dovish economic outlook fuels loonie’s fall — So much for the rally in the Canadian dollar. The dollar fell again Wednesday following dovish comments from the Bank of Canada that voiced concern about the damage a strong loonie could do to the Canadian economy. The currency was down 0.23 cents, or 0.28 per cent, to US$80.26.

National Bank of Canada’s profit rises 12.5% on financial markets business — National Bank of Canada, the country's sixth-largest lender, reported a 12.5 percent rise in quarterly profit, largely helped by its financial markets business. The company's net income attributable to shareholders rose to $388 million, or $1.13 per share, in the second quarter ended April 30 from $345 million, or $1.01 per share, a year earlier.

‘Stay wary, alert and very, very nimble:’ Markets could face a big test at 1 p.m. — At 1 p.m. ET on Friday, Federal Reserve chair Janet Yellen will speak on the U.S. economy. And this could be a big test for the market. In his morning note on Friday, Art Cashin of UBS said Yellen could use this speech as a way to see how the market responds to a stronger implication that the Fed is close to raising interest rates.

Chinese billionaire a no-show after his solar company loses US$19B in market value in just 24 minutes — Where's Li Hejun? That's the question many were wondering when the founder, chairman and principle owner of Hanergy Thin Film Power Group Ltd. failed to show up at his company's annual meeting Wednesday - the same day the company's stock price tanked 47 per cent, wiping out US$19 billion in market value in 24 minutes.

Target Corp CEO’s product revamp boosts profit as retailer moves past missteps — Target Corp. topped first-quarter earnings estimates after refining its product lineup, a sign Chief Executive Officer Brian Cornell is getting the retail chain back on track following years of missteps. Excluding some items, earnings amounted to US$1.10 a share in the period, which ended May 2, the Minneapolis-based company said today in a statement.

The US$18-trillion global economic boost if everything went right — What if everything started to go right in the world economy? It's a lot to ask. The 1.1 per cent global growth of the first quarter was the weakest for an expansion since 1998, according to JPMorgan Chase & Co. Former U.S.

Apple Inc shares will surge to US$240, Carl Icahn says in call for bigger buyback — Apple Inc., which already announced it was boosting its capital-return program by US$70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. The market continues to misunderstand the maker of iPhones and iPads and the company's shares are worth US$240, 86 per cent above where they closed Friday, the billionaire activist investor said.

For anyone concerned about plunging bonds, don’t say you weren’t warned — After analysts got it wrong last year, bonds are doing what forecasters expected in 2015 - plunging. Byron Wien at Blackstone Group LP says there are more losses to come. At the end of 2014, Wall Street's forecasters predicted 2015 would be a disastrous year for benchmark Treasuries.

SNC-Lavalin Group Inc hopes to resolve legal troubles with a fine, if found guilty — MONTREAL - The leadership of SNC-Lavalin Group Inc. says the company is not guilty of fraud and corruption charges, although it would be willing to pay a fine if the Canadian legal structure allows it.

Magna International Inc reports 7% sales drop

More Articles →
May 19, 2015

@nathanielpeat hey yeah, Look forward to hearing from you

May 19, 2015

@mazdacanada So is it normal for my new car delivery date to be pushed back a week because of a missing fuse? Kind of frustrated here.

Apr 17, 2015

CIBC: 2/2 " a reason why the Bank is likely to sit through a one-year slowing in growth without delivering a further rate cut."

Apr 17, 2015

CIBC: 1/2 "Core price resilience suggests Canadian economy had less slack prior to its deceleration in Q1 than the central bankers believed"

Apr 17, 2015

CIBC says strong March inflation reading is further evidence Bank of Canada is unlikely to cut interest rate further this year.

Apr 16, 2015

@BeingMarci Your tweets made me realize I have no yellow in my wardrobe. I think I need to change this

Apr 16, 2015

Photos from the event will be up on our (new) Facebook page soon. Speaking of which, you should totally like it…

Apr 16, 2015

My beard made another blurry appearance at @sabewCDA's BIB awards last night. Thanks again to everyone that came out.

Apr 16, 2015

RT @bborzyko: Thanks to everyone who came to @sabewCDA's Best in Biz awards last night. It was a lot of fun and congrats to all the nominees. #sabewcabib

Email John by joining Muck Rack Pro

Are You a Journalist?

Make a Portfolio

Create a free Muck Rack account to customize your profile and upload a portfolio of your best work.

Share This Profile