MORNING NEWS CALL TOP NEWS • Exchange operator CME Group to buy Britain's NEX for $5.5 billion U.S. exchange operator CME Group has made a $5.5 billion offer to buy NEX Group to create a cross-border powerhouse for inves- tors trading in the multi-trillion dollar foreign exchange and government debt markets. • Dollarama's profit beats estimates as shoppers spend more Canada's Dollarama reported a better-than-expected profit, driven by an increase in comparable sales as shoppers spent more at its discount stores. • Facebook cuts ties to data brokers in blow to targeted ads Facebook said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the social network, a step that follows a scandal over how Facebook handles personal information. • Lured by rising SUV sales, automakers flood market with models Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is growing even faster, threatening the fat profits automakers have enjoyed. • Tesla returned to German subsidies list, ending row Tesla buyers in Germany can apply for subsidies again because a government agency has ended its dispute with the U.S. carmaker over whether its Model S was too expensive to qualify for the incentives scheme. BEFORE THE BELL Canada's main stock index futures were little changed as investors awaited a report on gross domestic product for January to gauge the health of the economy. Also on the economic radar are producer prices and federal budget data. U.S. stock futures were higher as investors’ anxiety over tech stocks abated. European equities rose on recovery among cyclical sectors and Japan's Nikkei ended on a high. The U.S. dollar steadied as trade war fears receded. Oil prices stumbled as optimism over OPEC's commitment to controlling its output was partly offset by another rise in U.S. crude inventories. Gold was little changed. STOCKS TO WATCH Results • Dollarama Inc (DOL). The company reported a better-than-expected profit, driven by an increase in comparable sales as shoppers spent more at its discount stores. Same-store sales rose 5.5 percent in the quarter and the retailer maintained its gross margin at 41.4 percent. Dollarama also raised its capital expenditure outlook for fiscal 2019 to C$150 million to C$160 million from its previous guid- ance of C$110 million to C$120 million. The Montreal-based company's net earnings rose to C$162.8 million, or C$1.45 per share, in the quarter ended, from C$146.1 million, or C$1.24 per share, a year earlier. Analysts on average had estimated the company to earn C$1.40 per share. Sales rose 9.8 percent to C$938.1 million. Other News • Asanko Gold Inc (AKG). South Africa's Gold Fields will buy a near 50 percent share of Asanko Gold's Ghana subsidiary and take a stake in the Canadian miner in a $202.6 million deal announced. Investors were cautious, questioning whether the African joint ven- ture would make a return any time soon and sending Gold Fields' shares down, in an already weak bullion sector. Gold Fields said in a statement that as well as acquiring half of Asanko Gold Ghana's 90 percent interest in the Asanko Gold Mine, its Ghana subsidiary will also acquire associated properties and exploration rights in the African country. "The Asanko joint venture will give immediate access to low cost production ounces, increasing the quality of the Gold Fields' portfolio," the South African miner said. INSIGHT How a data mining giant got me wrong I'm 57, with a 30-year-old wife, a fairly new hot water boiler, an old-style television, a petrol car and no kids. Actually, none of that is REUTERS Canada Edition Thursday, March 29, 2018
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MORNING NEWS CALL
TOP NEWS
• Exchange operator CME Group to buy Britain's NEX for $5.5 billion
U.S. exchange operator CME Group has made a $5.5 billion offer to buy NEX Group to create a cross-border powerhouse for inves-
tors trading in the multi-trillion dollar foreign exchange and government debt markets.
• Dollarama's profit beats estimates as shoppers spend more
Canada's Dollarama reported a better-than-expected profit, driven by an increase in comparable sales as shoppers spent more at its
discount stores.
• Facebook cuts ties to data brokers in blow to targeted ads
Facebook said on Wednesday it would end its partnerships with several large data brokers who help advertisers target people on the
social network, a step that follows a scandal over how Facebook handles personal information.
• Lured by rising SUV sales, automakers flood market with models
Demand for sport utility vehicles in the United States is booming, but the number of new models vying for a share of that market is
growing even faster, threatening the fat profits automakers have enjoyed.
• Tesla returned to German subsidies list, ending row
Tesla buyers in Germany can apply for subsidies again because a government agency has ended its dispute with the U.S. carmaker
over whether its Model S was too expensive to qualify for the incentives scheme.
BEFORE THE BELL
Canada's main stock index futures were little changed as investors awaited a report on gross domestic product for January to
gauge the health of the economy. Also on the economic radar are producer prices and federal budget data. U.S. stock futures were
higher as investors’ anxiety over tech stocks abated. European equities rose on recovery among cyclical sectors and Japan's Nikkei
ended on a high. The U.S. dollar steadied as trade war fears receded. Oil prices stumbled as optimism over OPEC's commitment to
controlling its output was partly offset by another rise in U.S. crude inventories. Gold was little changed.
STOCKS TO WATCH
Results
• Dollarama Inc (DOL). The company reported a better-than-expected profit, driven by an increase in comparable sales as shoppers
spent more at its discount stores. Same-store sales rose 5.5 percent in the quarter and the retailer maintained its gross margin at 41.4
percent. Dollarama also raised its capital expenditure outlook for fiscal 2019 to C$150 million to C$160 million from its previous guid-
ance of C$110 million to C$120 million. The Montreal-based company's net earnings rose to C$162.8 million, or C$1.45 per share, in
the quarter ended, from C$146.1 million, or C$1.24 per share, a year earlier. Analysts on average had estimated the company to earn
C$1.40 per share. Sales rose 9.8 percent to C$938.1 million.
Other News
• Asanko Gold Inc (AKG). South Africa's Gold Fields will buy a near 50 percent share of Asanko Gold's Ghana subsidiary and take
a stake in the Canadian miner in a $202.6 million deal announced. Investors were cautious, questioning whether the African joint ven-
ture would make a return any time soon and sending Gold Fields' shares down, in an already weak bullion sector. Gold Fields said in
a statement that as well as acquiring half of Asanko Gold Ghana's 90 percent interest in the Asanko Gold Mine, its Ghana subsidiary
will also acquire associated properties and exploration rights in the African country. "The Asanko joint venture will give immediate
access to low cost production ounces, increasing the quality of the Gold Fields' portfolio," the South African miner said.
INSIGHT
How a data mining giant got me wrong
I'm 57, with a 30-year-old wife, a fairly new hot water boiler, an old-style television, a petrol car and no kids. Actually, none of that is
(All analysts' estimates are according to Thomson Reuters I/B/E/S)
(Morning News Call - Canada edition will not be published on Friday, March 30, as markets are closed for Good Fri-day)
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MORNING NEWS CALL - CANADIAN EDITION March 29, 2018
(Compiled by Samrhitha Arunasalam and Shradha Singh in Bengaluru) To subscribe for The Morning Newscall newsletter click here To un-subscribe for this newsletter click here For questions or comments about this report, contact: [email protected] To launch a Co-branded Morning News Call from your firm, contact: [email protected] For more information about our products: https://www.thomsonreuters.com/en/products-services.html Or send us a sales enquiry at: https://www.thomsonreuters.com/en/contact-us.html