Somali jihadists recruit in U.S., Canada, Europe
In Germany, Merkel began trying to persuade her center-left rivals to keep her in power after her conservatives notched up their best election result in more than two decades but fell short of an absolute majority. The market remained focused on the Fed’s next steps after the U.S. central bank surprised markets last week by keeping its stimulus program fully in place. “Overall the tone is positive,” said Elvis Picardo, strategist and vice president of research at Global Securities in Vancouver. “There’s a lot of money on the sidelines. We’ve been telling our clients to get in.” The biggest gains were recorded in the telecoms sector. After top U.S. telecommunications companies declined to register for a Canadian wireless spectrum auction, shares of the major Canadian incumbents gained. BCE Inc advanced 1.3 percent to C$44.51, Rogers Communications Inc was up 1.2 percent at C$45.36, and Telus Corp rose 2.5 percent to C$35.44. “Now that concerns about foreign competition have waned, the sector is back again in focus,” Picardo said. “On that note, the Fed’s announcement last week has put some new life into dividend-paying stocks.” The Toronto Stock Exchange’s S&P/TSX composite index closed up 4.71 points, or 0.04 percent, at 12,811.18.
Canada Stocks Rise on Wireless Carrier Rally, BlackBerry Deal
14, according to a list on Industry Canada s website. Incumbents Rally Rogers Communications, Canadas largest wireless carrier, increased 1.2 percent to C$45.36 and BCE Inc. (BCE) added 1.3 percent to C$44.51. Telus Corp. jumped 2.5 percent to C$35.44. The roster of applicants doesnt appear to include major foreign players. Verizon Communications Inc. said Sept. 3 it wouldnt enter the Canadian market after saying earlier in the summer it was exploring the idea. Its good for incumbents, Greg MacDonald, an analyst in Toronto at Macquarie Capital Markets , said in an e-mail, referring to the three largest companies. Financial firms advanced. National Bank rose 0.9 percent to C$85.78 and Canadian Imperial Bank of Commerce gained 0.8 percent to C$83.47.
CANADA STOCKS-TSX may open lower on Fed uncertainty; BlackBerry eyed
* South Korea’s government bowed to public pressure and voted down a bid by Boeing to supply 60 warplanes, saying it would restart the multi-billion tender process to get a more advanced fighter. * Lennar Corp reported a better-than-expected quarterly profit as it sold more homes at higher prices, indicating the U.S. housing recovery is firmly on track. * Citigroup Inc said it is eliminating about 1,000 jobs in its U.S. home mortgage business, making it the latest bank to lay off staff as higher interest rates cut into demand for new loans and refinancing. MARKET SNAPSHOT * Canada stock futures traded down 0.11 percent * U.S. stock futures , , were mixed around -0.11 percent to 0.12 percent * European shares, were up * Thomson Reuters-Jefferies CRB Index : 286.3458; fell 0.13 percent * Gold futures : $1,321; fell 0.44 percent * US crude : $103.38; fell 0.2 percent * Brent crude : $108.15; fell 0.01 percent * LME 3-month copper : $7,172.85; fell 1 percent CANADIAN STOCKS TO WATCH * Sears Canada Inc : The department store chain said Chief Executive Calvin McDonald resigned and that Chief Operating Officer Douglas Campbell would take over with immediate effect. ANALYSTS’ RECOMMENDATIONS Following is a summary of research actions on Canadian companies reported by Reuters. * Brookfield Residential Properties Inc : RBC starts with outperform rating; price target of $27, says it is positioned to deliver strong earnings growth. * Calfrac Well Services Ltd : Raymond James cuts rating to market perform from outperform; cuts target price to C$35 from C$39, says AECO gas price is a concern. * Canyon Services Group Inc : Raymond James cuts rating to market perform from outperform; cuts target price to C$13.25 from C$14, says weak gas prices a risk to otherwise improving activity levels.
Police have said another suspected gunman has been detained at a Nairobi hospital. Armed police take cover behind escalators as smoke fills the air. Witnesses say tear gas was thrown in the corridors. A woman who had been hiding during the attack runs for cover after armed police enter the mall. A body is seen on the floor inside the smoke-filled four-story mall. An injured person is helped on arrival at the Aga Khan Hospital in Nairobi after the attack at the upscale mall. An armed police officer takes cover during a volley of gunfire outside the mall. Kenya mall attack >> Photos: Kenya mall attack “What we have learned for the last five years is we have to speak out against this,” Bihi said. Al-Shabaab breaks new ground with complex Nairobi attack In a message on its now-suspended Twitter page, Al-Shabaab named nine people it said were among the gunmen who stormed Nairobi’s Westgate Mall on Saturday. Three of them were from the United States and one each was from Canada, Finland and the United Kingdom, it said. “It isn’t totally surprising, given the fact that we know Shabaab has recruited in the United States,” CNN terrorism analyst Peter Bergen said Sunday.