The Daily

May 24th, 2018   Daily Market Commentary Canadian Headlines The S&P/TSX Composite Index lost 11 points or less than 0.1 percent to close at 16,133.80 Wednesday, down a second day after an 11-day winning streak. Consumer staples and utilities stocks outperformed, adding 1.6 percent and 0.8 percent, respectively. Energy fell the most, down 0.7 percent, [...]

May 23rd, 2018   Daily Market Commentary Canadian Headlines Canadian stocks slid, missing out on the chance to extend their rally to a 12th day. The 11-day streak of gains was the longest since 2014. The S&P/TSX Composite Index dipped 18 points or 0.1 percent to 16,144.79 Tuesday, closing just 268 points shy of a [...]

May 22nd, 2018   Daily Market Commentary Canadian Headlines Investors are decamping Canadian banks ahead of earnings season, with six straight weeks of outflows from the largest exchange-traded fund tracking the industry. The BMO Equal Weight Banks Index ETF saw a record C$263 million ($204 million) leave the fund between April 2 and May 11, [...]

May 18th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks continued to grind towards a record high, rising for a 10th straight day as Western Canada Select crude prices hit the highest level since 2014. The yield on Canada’s 10-year government bond briefly rose above the nation’s 30-year securities for the first time in more than [...]

May 17th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks rose for a ninth day, the longest advance since 2014, led by Canadian National Railway Co. and First Quantum Minerals Ltd. Two of North America’s biggest pipeline companies announced plans to repurchase subsidiaries as the industry seeks to curb future tax obligations in the [...]

May 16th, 2018   Daily Market Commentary Canadian Headlines Canadian stocks eked out an eighth consecutive gain as Air Canada and pot producer Aphria Inc. helped to propel the health care and industrial sectors higher. Canada’s finance minister is set to give his most detailed look at talks with Kinder Morgan Inc. over its Trans Mountain oil [...]

May 15th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks gained for a seventh day as auto supplier Magna International Inc. rose to a record high and cannabis producer Canopy Growth Corp. planned to dual-list on the New York Stock Exchange. Government housing regulations are a key force behind rising prices for new [...]

May 14th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks posted their best week since February as crude prices posted a second weekly gain, pushing the energy sector to its highest since January. Aurora Cannabis Inc., a Canadian provider of medical marijuana, agreed to buy rival MedReleaf Corp. for C$3.2 billion ($2.5 billion), gearing up [...]

May 11th, 2018   Daily Market Commentary   Canadian Headlines Ant Financial, the Chinese payments giant controlled byJack Ma, is expected to close a fundraising of at least $10 billion in the next few days, attracting Carlyle Group and the Canada Pension Plan Investment Board as first-time investors, according to people familiar with the matter. The Hangzhou-based company is [...]

May 10th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at the highest level since January as crude passed $71 for the first time since 2014. The S&P/TSX Composite Index added 68 points or 0.4 percent to 15,910.81. Energy shares rose 1.1 percent as U.S. crude stockpiles shrank and President Donald Trump walked away from a [...]