QUEBEC Cominar Real Estate Investment Trust has signed an agreement to be acquired by a consortium led by Quebec real estate firm Canderel Real Estate Property Inc. in a deal with an enterprise value of $5.7 billion.
Cominar REIT (TSX:CUF.UN) units trade at a 35% discount to their net asset value (NAV), but could valuation improve upon the conclusion of a new strategic review?
AbraSilver, CI Financial, CIBC at 52-Week Highs on News
AbraSilver, CI Financial, CIBC at 52-Week Highs on News AbraSilver Resource Corp. (V.ABRA) hit a new 52-week high of 68 cents on Monday. AbraSilver announced assay results received from two additional diamond drill holes completed at the Oculto Zone on its wholly-owned Diablillos property in Salta Province, Argentina. Hole DDH 21-009 was drilled to test the intersection of the Main and Cross breccias. It intersected substantial, high-grade gold and silver mineralization near surface, including 75 meters of 2.24 g/t gold and 166.7 g/t silver from 208 to 283 meters down hole depth.
CI Financial Corp. (T.CIX) hit a new 52-week high of $20.42 on Monday. Congress Wealth Management, LLC (“CWM”) and CI Financial announced today that CWM has acquired Pinnacle Advisory Group of Columbia, MD in a transaction that increases the size of CWM’s business by 70% and expands its presence to new markets on the East Coast
We re #33!: TSX ekes out gain in pandemic-ravaged 2020
Ian Vandaelle, BNN Bloomberg VIDEO SIGN OUT
2020 will go down in financial market history as one of the most dramatic years on record.
The global pandemic prompted unprecedented lockdowns, a tsunami of fiscal and monetary stimulus, and the most volatile swings on equity markets in a generation. Torontoâs benchmark S&P/TSX Composite Index plunged 37 per cent from peak to trough, then clawed its way back to post a 2.17 per cent gain in 2020. Thatâs good for 33rd out of 92 major global indices, with the TSX sandwiched between Malaysia and Norway in terms of total 2020 returns, but badly lagging the 16 per cent return on the S&P 500 as surging tech stocks turbocharged the bounceback south of the border.