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. Write about investing and economics. Based in Toronto.

Markets are on a tear Monday as investors cheer China stimulus, bank earnings

business.financialpost.com — U.S. stocks opened higher on Monday, rebounding after a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings from Morgan Stanley lured money back into equities. In the U.S., the Dow industrials gained 177.27 points to trade for 18,003.57, while the Nasdaq climbed 30.11 points to 4,961.93.

Postmedia Network Canada Corp. to integrate Sun Media properties this year: Godfrey

business.financialpost.com — Postmedia Network Canada Corp. is aiming to complete its integration with Sun Media in six to nine months, the company's chief executive Paul Godfrey said Tuesday, a day after the Sun takeover was completed. Godfrey was hosting a town hall for Sun Media employees following the closing of a $316 million deal to acquire 173 Sun Media publications.

Penn West Petroleum Ltd sells property royalties to Freehold Royalties Ltd for $321 million

business.financialpost.com — CALGARY - Penn West Petroleum Ltd. has announced a deal to sell an 8.5 per cent gross overriding royalty in certain properties to Freehold Royalties Ltd. for $321 million in cash. The sale involves Penn West working interests in a portion of the Viking play located in the Dodsland area of Saskatchewan and certain of its existing royalties and mineral title lands in Alberta, Saskatchewan and Manitoba.

Postmedia Network closes deal to buy 173 Sun Media publications

business.financialpost.com — Postmedia Network Canada Corp.'s $316-million deal to buy 173 Sun Media publications closed Monday, the company announced. The closing of the acquisition is the last hurdle in Postmedia's bid to acquire Sun Media's English-language properties, which include dailies in major Canadian cities such as Toronto, Calgary, Ottawa and Vancouver.

Jamie Dimon says ‘unprecedented’ Treasury move is warning shot for investors

business.financialpost.com — JPMorgan Chase & Co. head Jamie Dimon said last year's volatility in U.S. Treasuries is a "warning shot" to investors and that the next financial crisis could be exacerbated by a shortage of the securities. Gluskin-Sheff's chief economists says, for those seeking income, equities today are better yielding than government bonds, which have become the domain for brave speculators.

Joe Oliver’s proposed bill would create a ‘culture of fiscal prudence’

business.financialpost.com — TORONTO - Finance Minister Joe Oliver announced what economists called largely "symbolic" legislation Wednesday that would require the federal government to keep a balanced budget in prosperous years. The proposed bill will be tabled later this month and comes as Oliver prepares to unveil the first balanced budget from the Harper government in eight years.

Scotiabank lowers year-end TSX target to 14,800

business.financialpost.com — Scotiabank sees the TSX heading lower this year as the ongoing weakness in oil prices continues to impact earnings. Scotiabank now sees the S&P/TSX Composite Index ending the year at 14,800, down from its previous target of 15,000. The index was last trading in the 15,100-range on Monday.

Getting picky: Canadian investors can’t hug indexes for returns anymore

business.financialpost.com — Cara Operations Ltd. likely knew there was a healthy investor appetite for anything not related to the energy sector in Canada, but it could not have anticipated the overwhelming market demand when it announced it was going public this year.

Future Shop closure creates worries for REIT growth prospects

business.financialpost.com — The demise of Future Shop highlights just how much pressure real estate investment trusts will face in the coming years, say analysts. Owner Best Buy Co., Inc. abruptly shuttered 66 Future Shop stores last week as it faces growing competition from online retailers such as Amazon.com Inc.

Future Shop closure creates worries for REIT growth prospects

nationalpost.com — The demise of Future Shop highlights just how much pressure real estate investment trusts will face in the coming years, say analysts. Owner Best Buy Co., Inc. abruptly shuttered 66 Future Shop stores last week as it faces growing competition from online retailers such as Amazon.com Inc.
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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 facebook.com/SABEWCanada?fr…

Apr 16, 2015

My beard made another blurry appearance at @sabewCDA's BIB awards last night. Thanks again to everyone that came out. pic.twitter.com/1MEd8Kefte

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

Apr 15, 2015

Tonight's SABEW Canada's first annual Best In Business Awards. Great turnout. pic.twitter.com/1Z3AgAzk28

Apr 14, 2015

My story on Sun Media/Postmedia integration. Bonus: I make a blurry appearance in the photo. business.financialpost.com/news/postmedia…

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