The Daily

March 13th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks gained for a third day to the highest since Feb. 27 as Prime Minister Justin Trudeau said he’s "very confident" in a positive Nafta outcome. The loonie weakened slightly, down 0.2 percent, as commodities are pressured by higher U.S. sovereign yields ahead of U.S. Treasury [...]

March 12th, 2018   Daily Market Commentary   Canadian Headlines Nafta negotiations are weighing on companies’ investment plans and both Canada and the U.S. are hoping to make rapid progress in talks, according to Canadian Finance Minister Bill Morneau. “There are some businesses that are being cautious in investments because there is an expectation that Nafta [...]

March 9th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks climbed and the loonie strengthened as President Trump signed an order giving steel and aluminum tariffs exemptions sparing Canada and Mexico, depending on Nafta talks. The S&P/TSX Composite Index gained 66 points, or 0.4 percent, to 15,538.70. The gain almost erased Wednesday’s losses as all [...]

March 8th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks retreated slightly as the Bank of Canada kept borrowing costs on hold and indicated there’s no rush to pursue rate hikes amid rising global trade tensions. The S&P/TSX Composite Index fell almost 3 points, or less than 0.1 percent, to 15,542.22. Materials, industrials and energy [...]

March 6th, 2018   Daily Market Commentary   Canadian Headlines President Donald Trump has turned his steel tariffs from a tool for protecting national security into a bargaining chip offered to Canada and Mexico to seal a quick deal on Nafta. Trump’s top negotiator, Robert Lighthizer, said Monday the U.S. has formally offered to exclude Canada and Mexico [...]

March 5th, 2018   Daily Market Commentary   Canadian Headlines The world’s biggest money manager is breaking from consensus, saying the Bank of Canada will increase interest rates only once more in 2018 -- if that. While none of the 21 analysts surveyed by Bloomberg expects a hike at Wednesday’s central bank announcement, strategists and [...]

March 2nd, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks fell further after posting their worst month since December 2015, with consumer discretionary and industrials losing the most ground. The S&P/TSX Composite Index fell 49 points or 0.3 percent to 15,393.95, the lowest close in more than two weeks. Consumer discretionary stocks led [...]

March 1st, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks fell 3.2 percent in February, their worst month since December 2015, after Wednesday’s losses accelerated through the afternoon. The S&P/TSX Composite Index lost 229 points or 1.5 percent to 15,442.58, the biggest drop in nearly three weeks. Energy stocks were the biggest culprit, [...]

February 28th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed lower after oil prices tumbled, while the loonie weakened to the lowest point of 2018 as investors awaited the federal budget. The S&P/TSX Composite Index lost 44 points or 0.3 percent to 15,671.15. Materials led to the downside, falling 1.4 percent as [...]

February 27th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at the highest since Feb. 1, the day before the recent rout began in earnest, as all but one sector gained. The S&P/TSX Composite Index added 76 points or 0.5 percent to 15,714.66, the benchmark’s second straight gain. Industrials rose 1.2 percent [...]