JMRD Market Observer for May 22, 2015 – Six Reasons You Should be Paying More Attention to Canada


**May 22nd Issue of The JMRD Market Observer**



In This Week’s JMRD Market Observer


  • Six Reasons You Should be Paying More Attention to Canada
  • JMRD Basket Corner
  • Retirement Corner
  • Week at a Glance
  • Reads of the week
  • Economic Calendar
  • Earnings Reports


Six Reasons You Should Be Paying More Attention to Canada


North of the world’s largest economy sits Canada, a wealthy, peaceful, nation that is often overlooked in discussions of the global economy and financial markets.

It’s a country that policymakers and investors ignore at their peril.

Contrary to popular belief, Canada is far more than its relationship with the U.S. In many ways, the nation runs counter to many global trends –what Canada enjoys in abundance, much of the world lacks.

Here’s why everyone in the world should be paying more attention to Canada.


JMRD Basket Corner


DIG Basket


Canadian Tire (CTC.a) – “Why is Canadian Tire succeeding while other retailers struggle?” Wall Street Journal Canada’s Rita Trichur discusses:


WSP Global (WSP) – “How WSP Global is emerging as Canada’s engineering consulting giant” 


Open Text (OTC) – Open Text Corp. on Wednesday issued disappointing quarterly guidance as foreign-exchange headwinds and challenging industry conditions weigh on results. Open Text also announced a plan to streamline operations and cut staff to save about $50 million annually as it focuses on the Cloud-based enterprise information management market. The software company said it now expects revenue of between $440 million and $455 million in the fiscal fourth quarter, which would be down from the $494 million it reported in the same quarter last year. It projects adjusted earnings of 64 cents to 72 cents a share, compared with the $1.05 it reported a year earlier.  WSP Global


All Cap Growth Basket


Constellation Software (CSU) – Constellation Software announced on Wednesday that it has entered into, through its wholly-owned subsidiary N. Harris Computer Corporation, a definitive agreement to acquire Picis clinical applications. Picis is the provider of perioperative management solutions and emergency department solutions for over 700 hospital sites worldwide. The transaction is subject to regulatory approval and other customary closing conditions. The acquisition expands Harris’ existing acute care business in the United States, Canadian and international markets. Picis software provides solutions to optimize a hospital’s perioperative, anesthesia and critical care environments and workflows. In addition, Picis provides a market-leading emergency department  solution under the PulseCheck brand. While no price was disclosed,


FirstService (FSV) – FirstService announced the final steps to separate into tw public companies had been completed. Tax ruling have been obtained and the application for Final Court Order has been scheduled and final competition is expected on June 1, 2015. Shares of Colliers International and New FirstService Corporation will commence trading on June 2, 2015


U.S. Growth Basket


CVS Health (CVS) – In a bid to strengthen its foothold as a dispenser of expensive prescription drugs, CVS Health Corp. agreed Thursday to pay $10.4 billion to acquire Omnicare Inc. Omnicare is a growing player in the fulfillment of prescriptions for diseases like cancer and multiple sclerosis, where the per-patient cost of medications can range from $50,000 to $100,000 annually. CVS has offered $98 a share in cash, a 3.6% premium to Omnicare’s closing price Wednesday and a 24% premium to the pharmacy company’s average share price over the previous 100 days. The total deal is valued at $12.7 billion, including $2.3 billion in debt held by Cincinnati, Ohio-based Omnicare. CVS traded higher by 2.6% after the announcement CVS Health


NXP Semiconductor (NXPI): NXP Semiconductor CEO Rick Clemmer, its smartphone products, growth in China and its partnership with Qualcomm. NXP


Retirement Corner



Week at a Glance


(See attached Week at a Glance report)

Week at a Glance


Reads of the Week











Economic Reports


Monday May 25th – None

Tuesday May 26th – US Durable Goods Orders, US New Home Sales, US Consumer Confidence Index

Wednesday May 27th – Bank of Canada Interest Rate Decision

Thursday May 28th – US Initial Jobless Claims, US Pending Home Sales

Friday May 29th – Canada GDP; US GDP, U. of Michigan Consumer Confidence


Earnings Reports


Monday May 25th – None

Tuesday May 26th – CAE

Wednesday May 27th – National Bank, Bank of Montreal, Costco

Thursday May 28th – CIBC, Royal Bank, TD Bank

Friday May 29th – Bank of Nova Scotia


Follow JMRD Wealth Management on Twitter at: or @JMRDwealth


Have a good weekend!

By | 2015-06-16T16:38:32+00:00 May 22nd, 2015|JMRD Updates|0 Comments

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