Daily Archives: November 16, 2018

November 16th, 2018 Daily Market Commentary   Canadian Headlines BlackBerry Ltd., the former mobile phone giant that’s now focused on producing software, is acquiring cybersecurity company Cylance Inc. for $1.4 billion. Waterloo, Ontario-based BlackBerry said the acquisition of Cylance would enable it to add artificial intelligence capabilities to its existing software products. It said the all-cash deal [...]

November 15th, 2018 Daily Market Commentary   Canadian Headlines Steve Williams, 62, is going to retire as chief executive officer of Suncor, Canada’s largest oil producer. Chief Operating Officer Mark Little was appointed president effective immediately and will succeed Williams as CEO in May, the company said. Investors will be watching for hints as how Ontario plans [...]

November 14th, 2018 Daily Market Commentary   Canadian Headlines Fewer Canadians are feeling strained by higher interest rates even as borrowing costs rise, polling data show, findings that should bolster the Bank of Canada’s confidence to tighten credit further. Some 41 percent of Canadians say higher borrowing costs are having a negative impact on their personal [...]

November 13th, 2018 Daily Market Commentary   Canadian Headlines HNA Group Co.’s sale of container-leasing business Seaco has attracted potential bidders including Japanese financial firm Orix Corp.and Bermuda-based Triton International Ltd., people familiar with the matter said. Seaco has also drawn preliminary interest from investment funds including Ontario Teachers’ Pension Plan, which owns rival lessor SeaCube Container [...]