The Daily

November 7th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks followed U.S. peers higher for a second day, boosted by pot stocks and utilities. The increase comes as Americans go to the polls to vote in the midterm elections, with congressional races seen as a referendum on President Donald Trump’s policies. The S&P/TSX Composite [...]

November 2nd, 2018 Daily Market Commentary   Canadian Headlines Dutch packaging firm Schoeller Allibert Group BV is in talks to merge with Irish rival IPL Plastics Inc., according to people familiar with the matter. Schoeller Allibert, majority owned by an affiliate of Brookfield Asset Management Inc., has been in merger talks with IPL for several months, said the people, [...]

November 1st, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks rose alongside their U.S. peers as megacap tech shares that bore the brunt of October’s rout paced the Wednesday rebound. The rally trimmed some of the S&P/TSX Composite index’s losses this month but the benchmark still ended October lower by 6.5%, its worst monthly performance since [...]

October 31st, 2018 Daily Market Commentary   Canadian Headlines The highways of Saskatchewan show just how desperate Canadian oil producers are to get their crude to market. Tanker trucks laden with oil are journeying almost 500 miles to pipeline and rail terminals. It’s a phenomenon that Ken Boettcher, president of Three Star Trucking Ltd. in Alida, Saskatchewan, [...]

October 30th, 2018 Daily Market Commentary Canadian Headlines From declining resource stocks to the recent rout in cannabis shares, Canada’s venture exchange can’t seem to catch a break. Pot stocks accounted for more than a third the 11 percent decline in the S&P/TSX Venture Composite Index so far this quarter, with cannabis companies making up [...]

October 29th, 2018 Daily Market Commentary Canadian Headlines U.S. pot companies are pushing north of the border in search of capital. Curaleaf Inc., a Massachusetts-based company backed by Moscow banking veteran Boris Jordan with roughly 30 pot stores open in 12 states, is raising $350 million through a private placement that values the company at about $4 billion. The [...]

October 26th, 2018 Daily Market Commentary Canadian Headlines The Canadian cannabis industry is still reeling from sky-high demand in the second week of legalization, with growers expressing frustration at the length of time it’s taking to get licensed as shelves sit empty. The process of getting a sales license from Health Canada is onerous, according [...]

October 25th, 2018 Daily Market Commentary Canadian Headlines The U.S. has its fiscal stimulus. The Canadian economy? Well, it has its human stimulus. The biggest population increase in six decades, driven by international migration, is one reason the Bank of Canada has been able to match the Federal Reserve hike-for-hike since June 2017 -- making the two easily the most hawkish [...]