The Daily

July 13th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks rose the most in two and a half months to a record high, following global benchmarks in rebounding from Wednesday’s trade-related slump. The S&P/TSX Composite Index added 150 points or 0.9 percent to 16,567.42 after China appeared to tone down its response to U.S. tariff threats. Technology [...]

July 12th, 2018   Daily Market Commentary Canadian Headlines Under Governor Stephen Poloz’s leadership, the central bank has avoided a mechanical approach to policy changes. But right now, it’s getting easier to do just that since key indicators have evolved positively and the central bank’s models are running like a fine-tuned machine. The economy is “operating at capacity [...]

July 11th, 2018   Daily Market Commentary Canadian Headlines CN Rail says it plans to invest about $315 million in Ontario this year to expand and strengthen the company's rail network across the province. The company says planned projects include upgrades at CN's intermodal terminal in Brampton northwest of Toronto -- the company's largest such [...]

July 10th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks closed at a fresh record, tracking global indexes higher, as investors shrugged off trade fears, with industrials leading the gains. The S&P/TSX Composite Index added 81 points or 0.5 percent to 16,452.34, just ahead of its previous high of 16,450 hit on June 22. Industrials [...]

July 9th, 2018   Daily Market Commentary Canadian Headlines Stephen Poloz can’t hold off raising interest rates any longer. Economists are predicting the Bank of Canada governor will resume tightening policy this Wednesday in what would be the first increase in borrowing costs since January. More hikes are set to follow as businesses warn of wage pressures and [...]

July 6th, 2018   Daily Market Commentary Canadian Headlines InnVest Hotels LP, which added the former Toronto Trump hotelto its Canadian portfolio last year, is planning its first foray into the U.S. Canada’s hotel market has had a strong run in recent years, boosted by a booming economy and a weak currency that’s attracted domestic and foreign travelers, [...]

July 5th, 2018   Daily Market Commentary Canadian Headlines Toronto home sales jumped the most in more than a decade last month, a sign that Canada’s biggest housing market is rebounding from the chill brought on by tighter lending regulations and higher borrowing costs in the past few months. Sales in June rose 2.4 percent [...]

July 4th, 2018   Daily Market Commentary Canadian Headlines The Vancouver Airport Authority plans to access the domestic bond market next year to help finance its C$9.1 billion ($6.9 billion) expansion. The Canadian airport is looking to boost Vancouver’s position as an international hub by completing 75 projects over the next two decades, which includes [...]

July 3rd, 2018   Daily Market Commentary Canadian Headlines What’s a little trade skirmish between friends? Not much, according to strategists who say a tit-for-tat tariff stand-off with the U.S. will be overshadowed by a rebound in energy shares that will drive Canadian stocks 4.9 percent higher by year end. The S&P/TSX Composite Index closed at 16,278 Friday for [...]

June 29th, 2018   Daily Market Commentary Canadian Headlines From mustard to motorboats, Canada’s about to fire back against Donald Trump on its national holiday. Prime Minister Justin Trudeau will mark Canada’s 151st birthday Sunday by imposing tariffs on about C$19.4 billion ($14.6 billion) worth of U.S. imports in response to American levies on Canadian steel and aluminum that went into effect a [...]