Latest news with #TDSecurities
Business Insider
5 days ago
- Business
- Business Insider
TD Securities Sticks to Their Hold Rating for Hydro One (H)
TD Securities analyst maintained a Hold rating on Hydro One (H – Research Report) today and set a price target of C$52.00. The company's shares closed today at C$48.56. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter The word on The Street in general, suggests a Hold analyst consensus rating for Hydro One with a C$52.33 average price target, representing a 7.76% upside. In a report released yesterday, TD Cowen also initiated coverage with a Hold rating on the stock with a C$52.00 price target. H market cap is currently C$29.16B and has a P/E ratio of 23.91.
Business Insider
5 days ago
- Business
- Business Insider
TD Securities Remains a Sell on Corus Entertainment (CJREF)
In a report released today, from TD Securities maintained a Sell rating on Corus Entertainment (CJREF – Research Report), with a price target of C$0.05. The company's shares closed last Friday at $0.07. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter In addition to TD Securities, Corus Entertainment also received a Sell from Canaccord Genuity's Aravinda Galappatthige in a report issued today. However, yesterday, BMO Capital maintained a Hold rating on Corus Entertainment (Other OTC: CJREF). CJREF market cap is currently $16.09M and has a P/E ratio of -0.02.
Bloomberg
5 days ago
- Business
- Bloomberg
Dollar's Next Risk Is Canadian Pension Fund Hedging, TD Says
The US dollar is poised to tumble further as Canadian investors — among the largest holders of American stocks — face pressure to raise their currency hedges against the greenback, according to TD Securities. 'The loss of the dollar's safety appeal since the start of the year has increased the need for these funds to hedge their long US asset exposure,' a TD Securities team including Jayati Bharadwaj, Mark McCormick and Linda Cheng wrote in a Friday report. More losses for the US currency 'will give Canadian investors a greater push to adapt their hedging policies which can create further downward pressure on the cross.'
Cision Canada
25-06-2025
- Business
- Cision Canada
Diverso Energy Appoints Armen Farian to Board of Directors
TORONTO, June 25, 2025 /CNW/ - Diverso Energy, a leading Canadian provider of geothermal energy solutions, today appointed Armen Farian to its Board of Directors. Mr. Farian brings over two decades of investment banking leadership and real estate advisory experience, having most recently served as Head of the Real Estate Investment Banking Group at TD Securities. Under his leadership, TD Securities became a market leader in real estate M&A and IPOs in Canada. Mr. Farian advised on more than $40 billion in mergers and acquisitions and led over $1.5 billion in successful IPOs. "Armen's strategic insight, deep market knowledge, and proven track record in corporate finance and capital markets will be invaluable as we continue to scale our energy-as-a-service platform and deliver long-term value to our partners," said Tim Weber, CEO, Diverso Energy. "His experience across transformative real estate transactions aligns with our mission to bring energy innovation to the built environment." Mr. Farian is currently Principal of Arfa Capital, a North American real estate advisory and investment firm and also serves as a Trustee of Dream Industrial REIT, which oversees a global portfolio of 336 industrial assets. Diverso Energy is at the forefront of delivering geothermal heating and cooling systems for multi-unit residential and commercial developments, helping reduce carbon emissions and operational costs through innovative, utility service models. About Diverso Energy Diverso Energy Inc. offers a unique geoexchange utility model for low-rise, multi-family, office, and institutional buildings. Diverso designs, builds, owns, and operates geoexchange utility systems allowing clients to leverage the significant benefits of geoexchange without traditional financial or operating risks. Diverso has helped hundreds of clients, including some of Canada's leading real estate developer partners, benefit from its unique combination of financial and technical solutions, accelerating the transition to electrified buildings.
Business Recorder
25-06-2025
- Business
- Business Recorder
Australia, NZ dollars ride risk recovery, rate cut priced in
SYDNEY: The Australian and New Zealand dollars edged higher on Wednesday as a truce in the Middle East seemed to be largely holding for the moment, outweighing a soft domestic inflation report that merely solidified wagers for a near-term rate cut. Australia's monthly consumer price index fell 0.4% in May from a month earlier, taking the annual pace to 2.1% and well under forecasts of 2.3%. The trimmed mean measure of core inflation slowed sharply to 2.4%, the lowest since late 2021 and under the mid-point of the Reserve Bank of Australia's 2% to 3% target range. Importantly, the cost of buying a home cooled markedly after an unexpected spike in April, while inflation in the service sector slowed to a three-year trough of 3.3%. The benign reading only reinforced investor expectations the Reserve Bank of Australia will cut its 3.85% cash rate by 25 basis points at its next meeting on July 8. Markets now imply a 90% chance of a cut in July, and see rates bottoming at 2.85% or 3.10% by early next year. 'We had been sceptical for the RBA to cut in July initially, but our stance has softened over the past month,' said Prashant Newnaha, a senior strategist at TD Securities. 'With the big downside miss in the CPI report, the RBA's likely comfort on most inflation metrics means we bring forward our prior Aug and Nov cuts, to July and Aug.' The Aussie was unfazed by the data, given a cut was already heavily priced in, and added 0.2% to $0.6502, having bounced 0.5% overnight to reach as far as $0.6519. Australia, NZ dollars back from the brink as risk recovers The recovery from Monday's deep low of $0.6373 has stabilised the technical position, but the recent top of $0.6552 remains distant. The kiwi dollar rose 0.4% to $0.6032, putting it far above Monday's trough of $0.5883. Resistance now lies at $0.6040 and the recent eight-month peak of $0.6088. Three-year Australian bond futures hit a two-month top of 96.760 on the inflation data, before running into profit taking. Yields on 10-year bonds were down at 4.1553, having come a long way from highs of 4.583% briefly touched in mid-May. 'Australia's weakening economic backdrop, combined with the RBA's dovish pivot, has improved the outlook for bonds,' said Skylar Koning, a strategist at Barclays. 'Moreover, yields across the curve appear attractively priced, especially given our baseline expectation that the RBA will cut rates to 2.85%.'
