The Daily

July 30th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell as tech heavyweight Shopify Inc. weighed on the benchmark and investors continued to flee pot companies. The S&P/TSX Composite Index lost 0.2% to 16,492.17. Technology shares led the decline as Shopify tumbled 5.1%, its biggest drop in a month. The move came as a report suggested [...]

July 29th, 2019 Daily Market Commentary Canadian Headlines Data due this week will probably show Canada’s merchandise trade balance swung back into deficit, as export strength is tested by the auto sector and energy bottlenecks. Economists in a Bloomberg survey expect a C$300 million ($228 million) deficit for June on Friday, after a surprise surplus [...]

July 26th, 2019 Daily Market Commentary Canadian Headlines Cenovus Energy Inc. can finally begin rewarding its “patient investors” with share buybacks and rising dividends after two years of paying down acquisition debt, Chief Executive Officer Alex Pourbaix said. The oil-sands producer ended last quarter with about C$7.1 billion ($5.4 billion) in net debt, the company said Thursday. That’s [...]

July 25th, 2019 Daily Market Commentary Canadian Headlines Stocks in Canada erased earlier losses, with the key benchmark ending Wednesday at a three-month high. Transportation shares paced the gains as Canadian National Railway Co. topped second-quarter earnings estimates. The S&P/TSX Composite Index rose 0.2% to 16,611.84 in Toronto, reaching the highest level since April. Industrials, technology and [...]

July 24th, 2019 Daily Market Commentary Canadian Headlines Three years after Vancouver became the first North American municipality to levy a tax on empty homes, several cities in the U.S. are looking to follow the Canadian trailblazer. City representatives in Honolulu, and San Diego, Los Angeles, and San Francisco all want to emulate Vancouver’s 1% tax [...]

July 23rd, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose, with tech companies including Shopify Inc. and Sierra Wireless Inc. leading the way as their U.S. counterparts rallied in anticipation of earnings reports. The S&P/TSX Composite Index rose 0.2% to 16,518.88 on Monday in Toronto. Health care stocks were the worst performers, led by [...]

July 22nd, 2019 Daily Market Commentary Canadian Headlines GFL Environmental Inc., North America’s fourth-biggest waste hauler, filed for an initial public offering that would be the largest in Canada in about five years. The sale would aim to raise about $1.5 billion and value the company at about $15 billion, said a person familiar with [...]

July 19th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks finished higher Thursday, with material producers leading the way after gold and silver rose amid weaker U.S. dollar and Iran geopolitics. The S&P/TSX Composite Index up less than 0.1% to 16,494.23. Material stocks jumped 1.7% while Aurora Cannabis Inc. paced losses among pot shares. Meanwhile, energy shares [...]

July 18th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell for a second day -- and the fourth in the past five -- on Wednesday, as sinking industrials dragged down the benchmark. Energy and consumer discretionary shares also lost ground, as the S&P/TSX Composite Index declined by 0.1% to 16,484.21 in Toronto. Health-care shares [...]

July 17th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks were little changed Tuesday, while U.S. shares fell from a record high as President Donald Trump said he could impose more tariffs on China. The S&P/TSX Composite Index fell less than 0.1% to 16,502. Industrial stocks advanced, led by Canadian Pacific Railway Ltd. after the company beat second-quarter [...]