The Daily

December 7th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed little changed, with declines in commodity stocks offset by increases in most other sectors, after a roller-coaster day that saw the benchmark swing a total of about 1 percent from losses to gains and back again. The S&P/TSX Composite Index slipped 5 [...]

December 6th, 2017   Daily Market Commentary   Canadian Headlines Investors in Canadian assets may be wise to look through the stronger-than-expected economic data last week because they probably won’t alter the Bank of Canada’s wait-and-see approach to monetary policy. The loonie jumped the most in three months and short-term rates spiked on Friday after [...]

December 5th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks declined the most in three weeks, reversing an earlier advance as falling commodity prices weighed on the materials and energy sectors. The S&P/TSX Composite Index slipped 0.4 percent to 15,969.03. Materials stocks fell 1.2 percent as gold prices retreated and copper prices were [...]

December 4th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks posted their biggest weekly drop in nearly three months, while the loonie rose the most since March on better-than-expected jobs and economic growth data. The S&P/TSX Composite Index lost 29 points or 0.2 percent to 16,038.97 Friday, bringing the total weekly drop to 0.4 percent, the most [...]

December 1st, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks gained as energy shares surged the most in a year, offsetting a decline in the financial sector. The S&P/TSX Composite Index rose 100 points or 0.6 percent to 16,067.48. Energy stocks jumped 2.6 percent, the biggest gain since Nov. 30, 2016, as OPEC [...]

November 30th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks fell to a two-week low as weaker commodity prices and a rotation out of the year’s best-performing sectors weighed on most indexes. The S&P/TSX Composite Index fell 62 points or 0.4 percent to 15,967.72. Technology shares tumbled 2.7 percent amid a broader global decline in [...]

November 29th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks declined a second day as Bank of Nova Scotia fell the most in seven months, weighing on financials. The S&P/TSX Composite Index lost 12 points or 0.1 percent to 16,029.64. Canada’s third-largest lender fell 2.1 percent after 4Q profit and revenue missed estimates on [...]

November 28th, 2017   Daily Market Commentary   Canadian Headlines The Bank of Nova Scotia has made a binding $2.2 billion offer to buy Banco Bilbao Vizcaya Argentaria SA’s Chilean bank to double its stake in the country as the lender seeks to grow in Latin America. BBVA intends to accept the offer for its 68.2 [...]

November 27th, 2017   Daily Market Commentary   Canadian Headlines Trade will be high on the agenda when Canadian Prime Minister Justin Trudeau visits China next week in a bid to boost business ties with the world’s second-largest economy. The Dec. 3-7 trip comes as Trudeau wrestles with free-trade pacts in North America and with other [...]

November 24th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks were virtually unchanged with trading volume well below average because of the U.S. Thanksgiving holiday, as gains in commodity stocks offset declines in most other sectors. The S&P/TSX Composite Index rose less than 1 point to 16,074.30 on volume that was 73 percent [...]