The Daily

July 27th, 2018 Daily Market Commentary Canadian Headlines Even with hopeful signs on Nafta and a trade detente between the U.S. and the European Union, Canada still isn’t out of the woods on auto tariffs. U.S. Trade Representative Robert Lighthizer said Thursday he hopes a deal in principle on the North American Free Trade Agreement is within reach, [...]

July 26th, 2018 Daily Market Commentary Canadian Headlines Suncor Energy Inc., Canada’s largest oil producer by market value, dropped the top end of its production target for the year as it works to bring its key Syncrude facility back online after a power outage brought the plant down last month. Output this year will be [...]

July 25th, 2018 Daily Market Commentary Canadian Headlines Canada’s equity benchmark reversed course to close lower for a third session amid pressure from cannabis, technology and consumer stocks. The S&P/TSX Composite Index slid 31 points or 0.2 percent to 16,390.13 after trading up as much as 0.6 percent earlier in the day. The healthcare sector [...]

July 24th, 2018 Daily Market Commentary Canadian Headlines Canadian stocks slid as falling gold prices and an executive departure at Barrick Gold Corp. pushed the materials sector to its lowest since early May. The S&P/TSX Composite Index lost 15 points or 0.1 percent to 16,420.84. Materials fell 1.4 percent as Barrick tumbled 4.3 percent, the [...]

July 23rd, 2018 Daily Market Commentary Canadian Headlines Canada’s Liberal government will seek to address competitiveness challenges faced by the nation’s businesses in a budget update later this year amid pressure to respond to U.S. tax reform. Finance Minister Bill Morneau, in an interview with Bloomberg News in Buenos Aires on Saturday, said the key themes [...]

July 20th, 2018 Daily Market Commentary Canadian Headlines Two years ago, Canadian Prime Minister Justin Trudeau announced a set of aggressive policies to reduce his country’s greenhouse gas emissions, centered on a nationwide price on carbon. As that price is about to take effect, growing opposition has put Trudeau on the defensive and has provincial governments rolling [...]

July 19th, 2018 Daily Market Commentary Canadian Headlines If there ever was a time for corporate Canada to be more adventurous in the bond market, it’s now. Yields on 30-year government debt have plunged to more than a decade-low relative to the short end in the wake of the Bank of Canada’s latest interest rate hike. That [...]

July 18th, 2018 Daily Market Commentary Canadian Headlines Canadian stocks closed higher after spending much of the morning in the red, with consumer-discretionary shares leading the gains amid flickers of trade optimism. The S&P/TSX Composite Index added 25 points or 0.2 percent to 16,519.24. The consumer discretionary sector rose 1.3 percent, the most in six [...]

July 17th, 2018 Daily Market Commentary Canadian Headlines A key segment of Canada’s marijuana industry will remain banned for up to a year after the drug becomes legal for recreational use -- making it harder for Justin Trudeau to kill off the black market. Edibles, beverages, and pot for vaping are among products that will still be [...]

July 16th, 2018 Daily Market Commentary Canadian Headlines Canadian stocks posted their best week in two months despite a small decline Friday, with consumer staples and technology shares leading the weekly gains. The S&P/TSX Composite Index slipped less than 0.1 percent Friday to 16,561.12, bringing the benchmark’s weekly gain to 1.2 percent. Health-care stocks led Friday’s decline, falling [...]