The Daily

November 20th, 2018 Daily Market Commentary   Canadian Headlines Amid the worst crude-price environment in its history, the Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions. That draws a stark contrast to the U.S., where a less divided industry wields more clout. Most notable is the [...]

November 19th, 2018 Daily Market Commentary   Canadian Headlines Prime Minister Justin Trudeau gets one of his last chances this week to mend frosty ties with Canada’s business community as next year’s election nears. Trudeau’s finance chief, Bill Morneau, will unveil a fiscal update Wednesday in Ottawa that provides a shot at redemption after warnings about the country’s fading [...]

November 16th, 2018 Daily Market Commentary   Canadian Headlines BlackBerry Ltd., the former mobile phone giant that’s now focused on producing software, is acquiring cybersecurity company Cylance Inc. for $1.4 billion. Waterloo, Ontario-based BlackBerry said the acquisition of Cylance would enable it to add artificial intelligence capabilities to its existing software products. It said the all-cash deal [...]

November 15th, 2018 Daily Market Commentary   Canadian Headlines Steve Williams, 62, is going to retire as chief executive officer of Suncor, Canada’s largest oil producer. Chief Operating Officer Mark Little was appointed president effective immediately and will succeed Williams as CEO in May, the company said. Investors will be watching for hints as how Ontario plans [...]

November 14th, 2018 Daily Market Commentary   Canadian Headlines Fewer Canadians are feeling strained by higher interest rates even as borrowing costs rise, polling data show, findings that should bolster the Bank of Canada’s confidence to tighten credit further. Some 41 percent of Canadians say higher borrowing costs are having a negative impact on their personal [...]

November 13th, 2018 Daily Market Commentary   Canadian Headlines HNA Group Co.’s sale of container-leasing business Seaco has attracted potential bidders including Japanese financial firm Orix Corp.and Bermuda-based Triton International Ltd., people familiar with the matter said. Seaco has also drawn preliminary interest from investment funds including Ontario Teachers’ Pension Plan, which owns rival lessor SeaCube Container [...]

November 12th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks ended the week on a sour note and U.S. stocks also turned sharply lower Friday amid a fresh round of selling in technology shares sparked by weak earnings. Crude capped its longest losing streak on record. The S&P/TSX Composite Index fell 0.5%, with pot [...]

November 8th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks climbed along with their U.S. peers as markets moved past the hurdle of uncertainty presented by the U.S. midterm elections. Pot stocks lifted Canadian equities higher after Michigan voted to legalize recreational marijuana and Missouri approved it for medical use. The S&P/TSX Composite Index [...]