The Daily

April 25th, 2018   Daily Market Commentary   Canadian Headlines As President Donald Trump says Nafta talks are “doing very nicely,” negotiations between ministers from the U.S., Mexico and Canada are ramping up in Washington in a redoubled push for a deal. Mexican Economy Minister Ildefonso Guajardo and Canadian Foreign Affairs Minister Chrystia Freeland both attended meetings Tuesday at the U.S. [...]

April 24th, 2018   Daily Market Commentary   Canadian Headlines Canadian National Railway Co. cut its earnings forecast, saying the additional spending required to ease bottlenecks will weigh on profit. Adjusted earnings this year will be C$5.10 to C$5.25 a share, Canadian National said in a statement Monday, 15 cents lower at both ends than the previous projection. [...]

April 23rd, 2018   Daily Market Commentary   Canadian Headlines Bank of Canada Governor Stephen Poloz is unapologetic about his cautious approach to raising interest rates. He faces constant criticism for stoking debt accumulation with cheap credit. His reluctance to match higher U.S. rates has fueled a drop in the currency. And now there’s a new challenge: Canada’s [...]

April 20th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks fell the most in nearly two weeks as technology shares came under pressure and a rally in oil prices faltered. The S&P/TSX Composite Index lost 76 points or 0.5 percent to 15,454.42, the first decline in six trading days. Tech stocks were the [...]

April 19th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at the highest level in four weeks as oil prices climbed to levels not seen since 2014, while the loonie weakened after the Bank of Canada held rates steady. The S&P/TSX Composite Index added 177 points or 1.2 percent to 15,529.97. Energy stocks were [...]

April 18th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at the highest level in nearly two weeks but were unable to keep pace with the gains in their U.S. counterparts. The S&P/TSX Composite Index added 53 points or 0.4 percent to 15,353.30, the highest close since April 5. Technology stocks gained [...]

April 17th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks rose for a third day as gains in cannabis, industrial and technology shares offset declines in commodity producers. The S&P/TSX Composite Index added 26 points or 0.2 percent to 15,300.38, the highest close in seven trading days. Pot stocks posted strong gains for [...]

April 16th, 2018   Daily Market Commentary   Canadian Headlines Prime Minister Justin Trudeau plans to start talks with Kinder Morgan Inc. to backstop the Trans Mountain pipeline after failing to end a spat between Canadian provinces that put the vital project at risk. “We are going to get the pipeline built. It is a project in the national [...]

April 13th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks rose to the highest in a week but were unable to keep pace with bigger gains in U.S. markets, as losses in miners and telcos offset gains in tech and consumer shares. The S&P/TSX Composite Index rose 11 points or 0.1 percent to [...]

April 12th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks slipped after spending most of the day in positive territory, as declines in financials offset gains in commodity producers. The S&P/TSX Composite Index fell less than 0.1 percent to 15,257.90, its first decline of the week. Financials fell 0.8 percent, tracking sector losses [...]