The Daily

June 7th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks staged a late-day rally, closing at the highest since Jan. 26, as health care and materials companies gained. The S&P/TSX Composite Index added 62 points, or 0.4 percent, after trading near or below the previous session’s closing price for most of the day. Cannabis [...]

June 6th, 2018   Daily Market Commentary Canadian Headlines Andrea Horwath, a longtime opposition lawmaker who’s never been close to power, may soon get her chance to lead Canada’s most-populous province. Backlash against an unpopular premier and concern about a populist candidate who draws comparisons to Donald Trump could see Horwath’s New Democratic Party win this week’s [...]

June 5th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks eked out a small gain but didn’t keep pace with their U.S. counterparts as a surge in Canadian crude prices failed to boost energy stocks. The S&P/TSX Composite Index added 9 points, or less than 0.1 percent, to 16,052.24. Energy shares tumbled 1.1 percent [...]

June 4th, 2018   Daily Market Commentary Canadian Headlines Bank of Canada Governor Stephen Poloz said he’s encouraged by strong business investment numbers despite all the uncertainty surrounding Nafta talks. Poloz said recent data suggests companies are “getting on” with the process of investing. Business spending has become a significant growth driver, and would be even higher [...]

June 1st, 2018   Daily Market Commentary Canadian Headlines Bank of Nova Scotia agreed to buy MD Financial Management from the Canadian Medical Association for C$2.59 billion ($2 billion) as it looks to boost its money-management business. MD Financial, a Canadian provider of financial services to physicians and their families, has more than C$49 billion in [...]

May 31st, 2018   Daily Market Commentary Canadian Headlines Canadian stocks rose the most in a month as investor concern faded about Italy and the state of the EU, while the Canadian dollar spiked after the central bank paved the way for a new round of rate increases. The S&P/TSX Composite Index added 126 points, or 0.8 [...]

May 30th, 2018   Daily Market Commentary Canadian Headlines Justin Trudeau wants to build a Canadian economy that will thrive a decade or more from now -- if that means losing a short-term edge to Donald Trump, so be it. The Canadian prime minister outlined his economic vision Tuesday, championing investments in education and healthcare, targeted [...]

May 29th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks fell the most in four weeks as oil’s slump deepened and precious metals fell. The S&P/TSX Composite Index lost 59 points, or 0.4 percent, to 16,016.14 on Monday, the benchmark’s fifth straight decline. Volume was 59 percent below the 100-day average, with both U.S. [...]

May 28th, 2018   Daily Market Commentary Canadian Headlines Bombardier Inc. will build two new private planes in response to growing demand for large-cabin business jets. The Global 5500 and Global 6500 aircraft will come equipped with redesigned cabins, an optimized wing and all-new Rolls-Royce engines, Bombardier said Sunday in a statement. The models, which will [...]

May 25th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks rose, with the benchmark index creeping back toward its highest level since January following a two-day decline. The S&P/TSX Composite Index rose 0.1 percent to 16,162 in early trading. Materials and information technology stocks gained the most, adding 1 percent and 0.7 percent, respectively. [...]