August 28th, 2018 Daily Market Commentary Canadian Headlines Investors are betting President Donald Trump’s trade threats against Canada will fizzle out. There are a few reasons why they might. Canadian stocks and the dollar, known as the loonie, extended gains Monday on news of the U.S.-Mexican agreement, shrugging off Trump’s threats that Canada might be frozen out [...]
August 27th, 2018 Daily Market Commentary Canadian Headlines The U.S. and Mexico are poised to resolve their bilateral Nafta differences as soon as Monday, creating an opening for Canada to rejoin talks covering $1.2 trillion in annual trade. Significant breakthroughs between Mexico and the U.S. came during the past several days on the contentious issues [...]
August 24th, 2018 Daily Market Commentary Canadian Headlines On the heels of its debut deal, the head of the Canada Infrastructure Bank says it’s open for business. The bank announced Wednesday funding of C$1.28 billion ($980 million) for a Montreal rail line, in the form of a low-interest loan, essentially replacing direct federal funding that [...]
August 23rd, 2018 Daily Market Commentary Canadian Headlines Canadian Imperial Bank of Commerce’s prediction of a mortgage slowdown has come true. Mortgage balances rose 2.5 percent to C$208.5 billion ($160 billion) in the fiscal third quarter from a year earlier, the Toronto-based bank said Thursday in announcing earnings that beat analysts’ estimates. That’s the slowest in [...]
August 22nd, 2018 Daily Market Commentary Canadian Headlines Royal Bank of Canada has kept costs at bay, even with elevated spending on digital initiatives to woo more customers. Revenue growth in Canadian banking outpaced expenses in the fiscal third quarter, pushing operating leverage at the lender’s biggest division closer to its financial target for the year. [...]
August 21st, 2018 Daily Market Commentary Canadian Headlines Canadian banks will likely report profit gains of as much as 10 percent in the third quarter as four rate increases by the Bank of Canada make consumer and commercial loans more profitable. Canada’s six largest lenders are expected to post average adjusted earnings growth ranging from [...]
August 17th, 2018 Daily Market Commentary Canadian Headlines Forget that multi-million-dollar condo on Vancouver’s waterfront. Invest in a warehouse instead. The Canadian city is the world’s hottest industrial real estate market with lease rates up 29 percent in the first quarter year-on-year versus a global average of 3 percent. IKEA and BMW AG are among companies that have snapped [...]
August 16th, 2018 Daily Market Commentary Canadian Headlines Canada and the U.K. are among six countries preparing the first carbon trades under the landmark Paris Agreement on climate change, part of an effort to unlock as much as $4 billion for the fight against global warming. The nations are assessing projects to cut greenhouse-gases in exchange [...]
August 15th, 2018 Daily Market Commentary Canadian Headlines Canadian stocks rose, rebounding along with their U.S. counterparts after two days of Turkey-induced weakness. The S&P/TSX Composite Index added 80 points, or 0.5 percent, to 16,330.67. Consumer staples and financials led the gains, rising 1.4 percent and 1 percent respectively. Constellation Brands Inc. is spending C$5 billion [...]
August 14th, 2018 Daily Market Commentary Canadian Headlines Canada’s diplomatic clash with Saudi Arabia is threatening a key pillar of SNC-Lavalin Group Inc.’s growth plan. The Montreal-based builder gained additional exposure to the kingdom with its two biggest acquisitions, the 2014 purchase of Ireland’s Kentz Corp. and last year’s deal for WS Atkins of the U.K. [...]
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