The Daily

December 21st, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a record high, rebounding from a decline earlier in the day as strong gains in commodity prices offset drops in most other sectors. The S&P/TSX Composite Index added 26 points or 0.2 percent to 16,159.67. Materials rose 1.2 percent as copper [...]

December 20th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks ended the day little changed after earlier gaining as much as 0.4 percent, in what appeared to be a classic case of buy the rumor, sell the news on the U.S. tax debate. The S&P/TSX Composite Index rose two points or less than 0.1 percent [...]

December 19th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks posted their biggest gain in more than a week, joining a global rally after U.S. Republicans reached an agreement on wide-ranging tax cuts. The S&P/TSX Composite Index rose 90 points or 0.6 percent to close at 16,131.64 after briefly hitting a record high earlier [...]

December 18th, 2017   Daily Market Commentary   Canadian Headlines With CEO Hunter Harrison’s untimely death on Saturday, CSX Corp. lost the counsel of a railroading legend who added almost $17 billion in value in less than a year. Now, acting Chief Executive Officer Jim Foote will have to prove to investors that Harrison’s rapid transformation of CSX was [...]

December 15th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks fell the most in four months as concerns grew that the U.S. tax overhaul won’t make it through the Senate, pressuring equities on both sides of the border. The S&P/TSX Composite Index lost 120 points or 0.7 percent to 16,016.46, the biggest drop since August. [...]

December 14th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a record high as materials shares surged the most since August, led by gold miners. The S&P/TSX Composite Index rose 23 points or 0.1 percent to 16,136.59. Materials jumped 2.4 percent as gold and silver prices rose. The U.S. Federal Reserve [...]

December 13th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a five-week high amid gains in material and consumer shares, while the Western Canada crude differential hit the widest gap in four years. The S&P/TSX Composite Index added 11 points or 0.1 percent to 16,114.03. Materials stocks rose 0.6 percent, propelled [...]

December 12th, 2017   Daily Market Commentary   Canadian Headlines Canada’s equity benchmark edged higher as gains in commodity, health-care and technology stocks offset declines in most other sectors. The S&P/TSX Composite Index added 7 points or 0.1 percent to 16,103.51, the highest in more than two weeks. Health-care stocks jumped 2.9 percent as Valeant [...]

December 11th, 2017   Daily Market Commentary   Canadian Headlines GGP Inc. has rejected Brookfield Property Partners LP’s initial $14.8 billion bid to acquire the stake Brookfield doesn’t already hold in the U.S. mall owner, but remains in talks to reach a deal, according to a person with knowledge of the matter. Brookfield last month offered $23 a share for [...]

December 8th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks posted their biggest gain in 10 weeks, ending a 4-day decline as oil prices rebounded and a risk appetites revived. The S&P/TSX Composite Index added 107 points or 0.7 percent to 16,015.68. Energy shares gained 0.8 percent as crude rose 1.3 percent. Cenovus Energy [...]