The Daily

December 19th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks closed higher but moderated earlier gains as crude prices tumbled more than 7 percent. The S&P/TSX Composite Index added 0.4 percent to 14,416.89, retreating from an intraday gain of 1 percent. Technology stocks led the increase, rising 2.5 percent as Shopify Inc. added 4.2 [...]

December 17th, 2018 Daily Market Commentary   Canadian Headlines Canada was looking for a way out of a $13 billion deal to export armored vehicles to Saudi Arabia, Prime Minister Justin Trudeausaid in a televised interview Sunday. “We are engaged with the export permits to try and see if there is a way of no longer [...]

December 14th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks lost their earlier gains and closed the session 0.2 percent lower, led mostly by two-day decline in pot stocks. The Horizons Marijuana Life Sciences ETF fell 8 percent in last two days, ahead of potential legalization in New Jersey on December 17. Aphria Inc. was among [...]

December 13th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks closed the session higher, with the broader U.S. market, after the S&P/Toronto Stock Exchange Composite Index reached a two-year low yesterday. The best performing sector was technology, led by Shopify Inc.’s three-day advance. he S&P/Toronto Stock Exchange Composite Index rose 0.8 percent. Real estate was [...]

December 12th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks fell 0.4 percent on Tuesday, extending a four-day rout, in their losing losing streak since mid-November. The S&P/Toronto Stock Exchange Composite Index failed to stage a comeback despite a late-session spike in pot stocks after the New York Post reported that New York Governor Andrew Cuomo [...]

December 11th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks clawed back from their session low, as the U.S. market advanced on a technology rally. The S&P/Toronto Stock Exchange Composite Index closed lower by 0.5 percent after an intraday decline of 1.3 percent. Auto parts and energy were the worst performing sectors. The energy sector took [...]

December 10th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks ended lower Friday with the S&P/Toronto Stock Exchange Composite Index down just under 1 percent. The index lost 2.65 percent this week. Consumer discretionary and information technology led Friday’s decline. In the U.S., the S&P 500 fell 2.3% to cap worst week since March. The Cannabis sector climbed [...]

December 7th, 2018 Daily Market Commentary   Canadian Headlines Canada’s eight big banks extended their record earnings streak this year, posting a 7.5 percent jump in annual profit fueled by operations outside their home turf. Net income for the companies totaled C$45.9 billion ($34.3 billion) in the fiscal year ended Oct. 31. Toronto-Dominion Bank and Bank of [...]

December 6th, 2018 Daily Market Commentary   Canadian Headlines Canadian dollar bears, gratified by the currency’s slide after a dovish Bank of Canada statement, face hurdles to further weakness in the form of rising domestic oil prices and a robust technical barrier, foreign-exchange strategists say. The loonie ended Wednesday close to the weakest since June 2017 [...]