The Daily

February 6th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks climbed for a second day, reaching their highest intraday level since October 9. U.S. stocks turned higher in lackluster afternoon trading as gains in technology shares outweighed a slump in financials. The Canadian benchmark rose 0.64 percent. Consumer staples outperformed, while marijuana stocks cooled after a [...]

February 5th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks climbed as marijuana stocks pushed the index higher, marking the fourth straight day of gains for the sector. The Canadian benchmark rose 0.6 percent led by health care and information technology while industrials underperformed. The Horizons Marijuana Life Sciences Index ETF gained 4.9 percent [...]

February 1st, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks advanced for a sixth-straight session, sending the S&P/Toronto Stock Exchange Index to its highest level since October. The benchmark gained 8.5 percent in January, marking its best monthly gain since April 2009, more than erasing December’s rout. Materials and marijuana stocks were the best [...]

January 31th, 2019 Daily Market Commentary   Canadian Headlines Canadian investors are finding themselves in an unusual position -- outperforming their U.S. counterparts across all three main asset classes as conciliatory central banks reignite risk in global markets. Canada’s benchmark S&P/TSX Composite index has surged 8.1 percent this year, fourth-best among developed markets and ahead of the [...]

January 30th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks extended gains for a fourth consecutive session to the highest level for the S&P/Toronto Stock Exchange Index since mid-October of last year. U.S. stocks declined as investors studied the latest corporate earnings. The Canadian benchmark climbed 0.6 percent in Toronto, led by mostly by mining and [...]

January 29th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks recovered from early losses to close Monday session flat, helped by cannabis stocks. U.S. stocks traded lower after Caterpillar and Nvidia blamed slowing global growth for disappointing results, adding to concern the trade war with China is hitting corporate profits. The Canadian benchmark closed the Jan. [...]

January 28th, 2019 Daily Market Commentary   Canadian Headlines Canadian Prime Minister Justin Trudeau has ousted his ambassador to China in the middle of a diplomatic feud with Beijing after a string of public remarks drew criticism. Trudeau asked for, and got, the resignation of John McCallum on Friday, according to a statement from his office issued Saturday. The [...]

January 25th, 2019 Daily Market Commentary   Canadian Headlines Canadian banks are issuing record levels of covered bonds, mortgage-backed debt pioneered in Prussia, helping them to lower funding costs in volatile markets. The country’s lenders have sold 5.75 billion euros ($6.5 billion) of covered bonds this year, up about 50 percent from the same period [...]

January 24th, 2019 Daily Market Commentary   Canadian Headlines Rogers Communications Inc. raised its dividend for the first time since 2015 as it reported a better-than-expected fourth-quarter profit. The cable and wireless company will now pay a quarterly dividend of 50 cents per share, up from its previous payment to shareholders of 48 cents per [...]