09:28:47 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Canaccord Genuity Group Inc
Symbol CF
Shares Issued 113,511,468
Close 2017-10-23 C$ 4.32
Market Cap C$ 490,369,542
Recent Sedar Documents

FP says Canaccord sees no catalyst for market turndown

2017-10-24 09:07 ET - In the News

The Financial Post reports in its Tuesday, edition that skittish investors are still waiting for the sky to fall on surging U.S. stocks. The Post's Geoff Zochodne writes that a push for tax cuts by President Donald Trump could fuel a further run. The S&P 500 is up about 15 per cent for the year. Last week marked 16 months since the last 5-per-cent S&P 500 drawdown, the fourth-longest streak in its history and well above the historical average of 92 trading days without that size of a slip, according to Goldman Sachs. The rise of those U.S. equities, though, has some investors bracing for a correction. Canaccord Genuity said Monday: "Like everyone else on the planet, we keep looking for indications for what could go wrong. Sorry folks, but the only thing we can come up with is -- there is nothing we can come up with." Analysts, however, are paying attention to the improving odds of corporate tax cuts in the U.S. The Trump administration scored a win of sorts last week, when the U.S. Senate passed the $4-trillion (U.S.) budget plan, positioning the Republican-dominated Congress to take a run at cutting taxes. Markets were high Monday on hopes that Mr. Trump's tax plans may come to fruition.

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