Advertisement
Canada markets closed
  • S&P/TSX

    21,708.44
    +52.39 (+0.24%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • DOW

    37,775.38
    +22.07 (+0.06%)
     
  • CAD/USD

    0.7246
    -0.0017 (-0.24%)
     
  • CRUDE OIL

    85.59
    +2.86 (+3.46%)
     
  • Bitcoin CAD

    83,019.47
    -1,878.23 (-2.21%)
     
  • CMC Crypto 200

    1,263.46
    +377.93 (+40.48%)
     
  • GOLD FUTURES

    2,426.60
    +28.60 (+1.19%)
     
  • RUSSELL 2000

    1,942.96
    -4.99 (-0.26%)
     
  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     
  • NASDAQ futures

    17,229.50
    -317.75 (-1.81%)
     
  • VOLATILITY

    18.00
    -0.21 (-1.15%)
     
  • FTSE

    7,877.05
    +29.06 (+0.37%)
     
  • NIKKEI 225

    36,891.68
    -1,188.02 (-3.12%)
     
  • CAD/EUR

    0.6825
    +0.0004 (+0.06%)
     

Companies Play It Safe amid Uncertain Economic Outlook

Companies Play It Safe amid Uncertain Economic Outlook

Earlier this year, Goldman Sachs said US stock buyback authorizations could top $1 trillion this year, which would be the highest absolute level of buybacks since 2007. Recently, Alcoa (AA), the largest US-based aluminum producer, announced a $200 million share buyback. Other metals and mining companies including Vale (VALE) and BHP Billiton (BHP) have also announced share buybacks this year.