The Daily

January 22nd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks extended their winning streak to 12 days, the longest such stretch in five years, after spending much of the day in negative territory. The S&P/TSX Composite Index added 0.3 percent to 15,354.16, the highest close since early November. Trading volume was nearly two-thirds below [...]

January 21st, 2019 Daily Market Commentary   Canadian Headlines The S&P/TSX Composite Index has gained 6.9 percent since the close of trading on Dec. 31, the largest increase over the first 18 days of the year since 1980, when the benchmark was up 8.5 percent, data compiled by Bloomberg show. The index is up 11 straight days. [...]

January 18th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks extended gains for a 10th straight session, up 0.7 percent to 15,211.22 led by materials, industrials and energy. Markets moved late in the day after Trump administration officials were said to be considering measures to roll back tariffs on Chinese products in order to [...]

January 17th, 2019 Daily Market Commentary   Canadian Headlines Canada’s ambassador to China warned that the spiraling diplomatic feud between the nations was damaging Beijing’s reputation, as the U.S. joined countries criticizing a Canadian citizen’s death sentence as “politically motivated.” Ambassador John McCallum told reporters Wednesday that China’s prosecutions of Canadian nationals risked undermining their own interests among the [...]

January 15th, 2019 Daily Market Commentary   Canadian Headlines A Canadian investment firm that crushed the returns of its peers last year is looking to raise C$500 million ($377 million) for what would be one of the country’s largest hedge funds. Waypoint Investment Partners generated a 6.2 percent return in its segregated accounts in 2018 by [...]

January 14th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks were little changed, with the S&P/TSX Composite Index up 0.2 percent, while the S&P 500 fell on Friday. Health care and real estate outperformed, while utilities and industrials lagged. The marijuana sector once again took the spotlight on news from Aphria and Tilray, pushing the Horizons [...]

January 11th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gained with the S&P/TSX Composite Index up 1.4 percent to highest since December 6. Health care and information technology sectors led the way. The Bank of Canada indicated less urgency in its push toward higher interest rates as the economy grapples with slumping oil prices. Separately, [...]

January 10th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gained with the S&P/TSX Composite Index up 1.4 percent to highest since December 6. Health care and information technology sectors led the way. The Bank of Canada indicated less urgency in its push toward higher interest rates as the economy grapples with slumping oil prices. Separately, [...]

January 9th, 2019 Daily Market Commentary   Canadian Headlines Canadian heavy crude extended its surge as one of Alberta’s largest oil-sands producers said its mandatory February oil production curtailment will be similar to January’s. Western Canadian Select’s discount to West Texas Intermediate futures narrowed $1.50 to $9 a barrel Tuesday, the tightest since April 2017, data compiled [...]