The Daily

February 26th, 2018   Daily Market Commentary   Canadian Headlines Evidence of mortgage fraud amid surging home prices and household debt has prompted S&P Global Ratings to lower a key risk metric for Canadian banks. The credit ratings agency dropped its economic risk assessment by one notch due to evidence of residential-mortgage fraud at smaller [...]

February 23rd, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks were unable to hold onto earlier gains, closing lower as consumer staples and financials weighed on the benchmark and bond yields tumbled. The S&P/TSX Composite Index lost 16 points or 0.1 percent to 15,508.17 after earlier gaining as much as 0.7 percent. Consumer [...]

February 22nd, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at the highest level since Feb. 2 as financials gained the most since April ahead of bank reporting season, which kicks off Thursday morning. The S&P/TSX Composite Index added 85 points or 0.6 percent to 15,524.01 after earlier rising as much as [...]

February 21st, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks fell Tuesday, following their best week in nearly two years, as gold prices declined the most since July, weighing on miners. The S&P/TSX Composite Index lost 13 points or 0.1 percent to 15,439.44, the first drop in four trading days. Materials lost 1 [...]

February 20th, 2018   Daily Market Commentary   Canadian Headlines Canadian government bond are outperforming their U.S. counterparts by the most in seven months, an advantage that’s unlikely to disappear soon with the northern central bank in less of a rush to raise interest rates. Traders have boosted wagers that the U.S. Federal Reserve will [...]

February 16th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at the highest in nearly two weeks and have retraced about one-third of the benchmark’s recent decline, boosted by strong earnings and deal activity. The S&P/TSX Composite Index added 79 points or 0.5 percent to 15,407.66. Real estate shares were the biggest [...]

February 15th, 2018   Daily Market Commentary   Canadian Headlines A shortage of rail cars in Canada is leaving grain and oil shipments stranded on the Prairies, sending crude prices plummeting and leaving farmers in a cash crunch. The nation’s biggest railways haven’t been able to deliver enough cars after harsh winter conditions and as a [...]

February 14th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks were unable to hang onto early gains, losing ground for the 10th of 12 trading days as most sectors fell. The S&P/TSX Composite Index lost 25 points or 0.2 percent to 15,216.47. Rate-sensitive telecom and utility shares lost 0.8 percent ahead of Wednesday’s [...]

February 13th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks rebounded from two weeks of steep declines, gaining the most since July 2016, but still lagged their U.S. counterparts. The S&P/TSX Composite Index added 207 points or 1.4 percent to 15,241.88. The gain was the biggest in 19 months but underperformed the 1.7 [...]

February 12th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks fell to their lowest level since early September after a wild day that saw the benchmark rise as much as 0.3 percent and fall as much as 1.9 percent. The S&P/TSX Composite Index closed down 31 points or 0.2 percent to 15,034.46. Materials [...]