The Daily

December 5th, 2018 Daily Market Commentary   Canadian Headlines Bank of Canada Governor Stephen Poloz is expected to hold borrowing costs steady Wednesday, with investors eager for clues on how the country’s unfolding oil crisis will affect plans for future rate increases. Analysts anticipate policy makers will leave the benchmark overnight interest rate at 1.75 percent in a rate decision [...]

December 4th, 2018 Daily Market Commentary   Canadian Headlines ·         Canadian stocks gave up early gains on Monday, though still had a positive session with the S&P/Toronto Stock Exchange Composite Index gaining 0.5 percent. Energy and materials stocks led the rise, while health care stocks were among the biggest decliners. The energy sector advanced 2.3 percent, [...]

December 3rd, 2018 Daily Market Commentary   Canadian Headlines Canada’s largest oil producing province ordered an unprecedented output cut, an effort to ease a crisis in the nation’s energy industry and adding to global actions to combat a recent price crash. The plan announced Sunday will reduce production of raw crude and bitumen from Alberta by 325,000 [...]

November 30th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks inched up for a second day, fueled by a rally in heavy Canadian crude, outperforming the U.S. market where trade anxiety before the highly anticipated sit-down between the U.S. and China weighed on sentiment. The S&P/TSX Composite Index rose 0.2 percent, with energy and consumer [...]

November 29th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks rallied as U.S. stocks surged after a dovish tone from the Federal Reserve chairman fueled speculation that the central bank is closer than thought to pausing on rate hikes. The S&P/TSX Composite Index rose 1.5 percent, the most in a week, with health-care and information technology [...]

November 28th, 2018 Daily Market Commentary   Canadian Headlines Royal Bank of Canada is enjoying its highest domestic net interest margins in five years, helping the lender boost quarterly earnings in its Canadian banking division and beat analysts’ estimates. Canadian banks have been benefiting from rising interest rates, which boost NIM -- the difference between what [...]

November 25th, 2018 Daily Market Commentary   Canadian Headlines Bank of Nova Scotia’s Latin American push boosted Canada’s most globally focused lender, with a Chilean acquisition helping fuel record earnings from international banking. At the same time, the bank is retreating from parts of the Caribbean, where it has operated for more than a century. [...]

November 26th, 2018 Daily Market Commentary   Canadian Headlines A car plant that General Motors Co. has operated for 65 years in Canada could be on the verge of shutting down, though the union that represents thousands of workers at the factory are still holding out hope. The company will announce Monday that it’s ending production at [...]

November 23rd, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks failed to gain traction following Wednesday’s rally, closing slightly lower on holiday-hit trading volumes. The S&P/TSX Composite Index fell less than 0.1 percent to 15,091.58 Thursday, fresh off the heels of Wednesday’s 1.5 percent surge. Volume was about 60 percent lower than average due to the U.S. Thanksgiving [...]

November 21st, 2018 Daily Market Commentary   Canadian Headlines Justin Trudeau spent a windfall on billions in tax breaks for Canadian businesses. Their response is that he still has work to do. Finance Minister Bill Morneau unveiled a fiscal update Wednesday in Ottawa with C$14 billion ($10.5 billion) in temporary write-offs for capital investment, a pledge to slash red tape, [...]