Latest news with #GeoffreyMorgan
Bloomberg
24-07-2025
- Business
- Bloomberg
GO Residential REIT Set to Trade Friday After $410 Million Canada IPO
By and Geoffrey Morgan Save GO Residential Real Estate Investment Trust is expected to begin trading Friday after pricing its $410 million initial public offering, according to people familiar with the matter, in what would be the first corporate IPO on the Toronto Stock Exchange this year. The offering consisted of 27.34 million units at $15 each, according to a preliminary prospectus filed with Canadian securities regulators July 11. The REIT will indirectly own a portfolio of luxury high-rise apartments in New York City, and plans to use the proceeds of the IPO to acquire them.
Bloomberg
01-07-2025
- Business
- Bloomberg
Gold Helps Canada's Stocks Benchmark Outshine the S&P 500
By and Geoffrey Morgan Save Despite ongoing trade tensions and a weakening economy, Canada's main stocks benchmark outshone its US counterpart in the first half thanks to a record-breaking gold rally. The S&P/TSX Composite Index climbed 8.6% for the year to June 30, higher than the S&P 500 's 5.5% advance over the same period. In US-dollar terms, the Toronto index was up 15%, mirroring the gains of other gold-heavy world indexes.
