The Daily

January 20th, 2020 Daily Market Commentary Canadian Headlines Canadian stocks notched their best week since August after posting five consecutive record closes. The S&P/TSX Composite Index rose 0.4% Friday to 17,559.02, bringing its weekly gain to 1.9%. Health-care stocks led the gain as cannabis stocks rallied to close out their best week since 2018. The [...]

January 17th, 2020 Daily Market Commentary Canadian Headlines Canadian stocks rose for a fourth day, even as Bombardier Inc.’s shares posted their biggest loss ever, after the company said it was reassessing the A220 jet program with Airbus. The S&P/TSX Composite Index rose 0.4% on Thursday to 17,484.77. Consumer discretionary stocks led the market higher, as 10 [...]

January 16th, 2020 Daily Market Commentary Canadian Headlines Canada’s equity benchmark hit a third consecutive record high after the U.S. and China signed the first phase of a trade deal and pot stocks surged on strong earnings. The S&P/TSX Composite Index added 0.4% to 17,415.17. Cannabis stocks were the biggest gainers after Organigram Holdings Inc. reported revenue that beat [...]

January 15th, 2020 Daily Market Commentary   Canadian Headlines Canadian stocks rose to a second straight record high, shrugging off a report that U.S. tariffs on Chinese goods are likely to stay in place until after the November presidential election. The S&P/TSX Composite Index added 0.3% to 17,352.90. Health-care stocks led the gains amid strength in most [...]

January 14th, 2020 Daily Market Commentary Canadian Headlines Canada’s equity benchmark rose to a record high, lifted by a rally in pot stocks and gains in technology shares ahead of the beginning of earnings season. The S&P/TSX Composite Index added 0.3% to 17,293.42. Health-care stocks jumped 4.9%, boosted by cannabis as Aphria Inc. gained 9.7% [...]

January 13th, 2020 Daily Market Commentary Canadian Headlines Canadian natural gas is trading at the highest price relative to U.S. benchmarks in about 10 months after producers cut back on drilling and a rule change on a key Alberta pipeline system last year helped better manage flows of the fuel. The discount on gas traded at Alberta’s [...]

January 10th, 2020 Daily Market Commentary Canadian Headlines Yes Bank Ltd. approved raising 100 billion rupees ($1.4 billion) of capital but once again stopped short of offering concrete details, risking investor confidence given the urgency of its funding needs. The Mumbai-based bank announced the decision after a board meeting on Friday and, similar to an earlier [...]

January 9th, 2020 Daily Market Commentary Canadian Headlines Cenovus Energy Inc. is establishing ambitious environmental, social and governance (ESG) targets to guide performance in its four ESG focus areas: climate & greenhouse gas (GHG) emissions, Indigenous engagement, land & wildlife, and water stewardship. These targets reflect the company’s continued integration of sustainability into its strategy [...]

January 8th, 2020 Daily Market Commentary Canadian Headlines While recession fears aren’t gripping financial markets like they were a few months ago, Canadian households remain worried the nation’s economy is headed for a downturn. In an end-of-year survey for Bloomberg News by Nanos Research Group, 55% of Canadians said there’s at least a “somewhat likely” [...]

January 7th, 2020 Daily Market Commentary Canadian Headlines Economists expect Canada and the U.S. to compete for the top spot for growth among the Group of Seven countries in 2020, yet the latest population data reveal the two nations have starkly different forces driving their expansions. The Census Bureau reported Dec. 30 that net international migration in [...]