The Daily

November 11th, 2019 Daily Market Commentary Canadian Headlines Canadian equities gained Friday despite President Donald Trump saying that the U.S. hasn’t agreed to roll back all tariffs on China, diluting hopes the U.S. would make such a concession to secure a trade deal. The S&P/TSX Composite gained for sixth straight session, up 0.2% to 16,846.32. Information technology [...]

November 8th, 2019 Daily Market Commentary Canadian Headlines Canadian equities gained Thursday as traders assessed a slew of earnings and trade-talk signals. Energy was the best performing sector, while materials stocks fell. The S&P/TSX Composite Index rose for a fifth day, climbing 0.4%, or 60.11, to 16,805.75 in Toronto. The index advanced to the highest closing [...]

November 7th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose for the fourth straight day with the reporting season halfway done. Consumer staples were the best performing sector Wednesday while pot stocks fell the most. The S&P/TSX Composite rose 0.4% to 16,745.64, the highest closing level in six weeks. Alimentation Couche-Tard Inc. climbed 2.9%, [...]

November 6th, 2019 Daily Market Commentary Canadian Headlines The Ontario Municipal Employees Retirement System bought a minority stake at Coveo that values the Montreal-based AI firm at about C$1.5 billion ($1.1 billion). Existing investors and other financial institutions including Evergreen Coast Capital, Fonds de Solidarite FTQ and IQ also participated in the capital raise that secured C$227 million. [...]

November 5th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks gained on Monday as oil hit a one-week high and investors studied signals that a U.S.-China trade deal is imminent. Industrial stocks were the second best sector, while consumer staples underperformed. The S&P/TSX Composite rose for a second day, climbing 0.5%, or 75.74 to 16,669.81 in Toronto. [...]

November 4th, 2019 Daily Market Commentary Canadian Headlines Investors have an impressive array of opportunities this week to take the pulse of commodity markets, check in on the trade war, and discover how hungry energy giants are to secure a trove of hydrocarbon riches as global concerns about climate change ratchet ever higher. Earnings season features big gold, [...]

November 1st, 2019 Daily Market Commentary Canadian Headlines Bank of Nova Scotia would consider buying a U.S. money manager that targets affluent customers as part of its effort to get more of its wealth management earnings from outside Canada. “That’s something we would look to build or ultimately acquire,” Glen Gowland, who oversees global wealth management at [...]

October 31st, 2019 Daily Market Commentary Canadian Headlines Encana Corp. will establish a corporate domicile in the U.S. as the Calgary-based oil explorer boosts production in Texas and Oklahoma. The move is expected to occur early next year, pending various approvals, Encana said Thursday in a statement. The company will rebrand under the name Ovintiv [...]

October 30th, 2019 Daily Market Commentary Canadian Headlines Canadian shares edged higher Tuesday as materials-exposed equities gained despite spot pricing dipping as traders awaited the outcome of a Federal Reserve meeting for clues on the pace of further U.S. monetary easing. The S&P/TSX Composite rose 0.2% to 16,418.14 in Toronto. The index advanced to the highest closing [...]

October 29th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks reversed early gains to trade lower on Monday as materials were hurt by falling commodity prices. The S&P/TSX Composite fell 0.1% at 16,387.53 in Toronto. The move follows the previous session’s increase of 0.2%. 133 of 233 shares fell, while 97 rose; 7 of 11 [...]