The Daily

January 8th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks ended Monday in the green after a weak start, with the S&P/TSX Composite Index gaining 0.5 percent. Information technology and consumer discretionary led the way while materials underperformed. Heavy Canadian crude surged to the strongest level in more than a year as rail shipments keep rising [...]

January 7th, 2019 Daily Market Commentary   Canadian Headlines ·         After a wild year for the cannabis sector, it’s appropriate that 2019 kicks off with a focus on Aphria Inc., the Canadian pot producer that was attacked by short sellers and is now the target of a hostile takeover bid. Aphria reports results for the fiscal second quarter on [...]

January 4th, 2019 Daily Market Commentary   Canadian Headlines ·         Canadian stocks retreated, led by tech stocks after Apple Inc. cut its sales outlook, but avoided the deeper losses experienced south of the border. The S&P/TSX Composite Index fell 0.9 percent to 14,212.75, the most since the market’s Christmas Eve selloff, but that paled in comparison [...]

January 3rd, 2019 Daily Market Commentary   Canadian Headlines ·         Barrick Gold Corp.’s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up. Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion deal announced in September. As part of the agreement, Randgold’s CEO, Mark Bristow, [...]

January 2nd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rose on the final trading day of the year but it wasn’t enough to prevent them from posting their worst annual performance since 2008. The S&P/TSX Composite Index gained 0.7 percent to 14,322.86 on thin New Year’s Eve volume after U.S. President Donald Trump reported “big [...]

December 31st, 2018 Daily Market Commentary   Canadian Headlines Canada Goose Holdings Inc. rose 6 percent in early trading before U.S. markets opened after the company opened its flagship store in Beijing over the weekend. The store had been delayed since Dec. 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s [...]

December 24th, 2018 Daily Market Commentary   Canadian Headlines ·         Canadian stocks ended their worst week since August 2015 with another volatile day that started positive and ended with a significant decline. The S&P/TSX Composite Index fell 1.5 percent to 13,935.67 Friday, bringing its weekly loss to 4.5 percent. Higher-than-average volume as a result of [...]

December 20th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks fell to their lowest level since July 2016, making a dramatic reversal following a U.S. Federal Reserve policy meetingthat downplayed the recent market sell-off. The S&P/TSX Composite Index lost 1.1 percent to 14,264.06 after rising as much as 0.9 percent earlier in the day. Energy [...]