The Daily

July 14th, 2017   Daily Market Commentary     Canadian Headlines Billionaire Len Blavatnik’s year-old quest to build the Netflix of sports will take its first step into North America with the introduction of his DAZN streaming platform in Canada, according to people familiar with the matter. DAZN, backed by Blavatnik’s Access Industries Holdings LLC, may announce the Canadian [...]

July 13th, 2017   Daily Market Commentary     Canadian Headlines Bank of Canada Governor Stephen Poloz’s decision Wednesday to raise interest rates was a major vote of confidence in the country’s indefatigable households, with policy makers expecting the remarkable run of spending to continue, despite bloated debt levels and record real estate prices. Households will [...]

July 12th, 2017   Daily Market Commentary     Canadian Headlines What a long, strange trip it’s been for Canadian monetary policy makers. In 2015, Bank of Canada Governor Stephen Poloz cut rates twice to get ahead of falling oil prices that ultimately led to below-potential growth, a technical recession and about C$60 billion ($46 billion) a year in [...]

July 11th, 2017   Daily Market Commentary     Canadian Headlines Currency traders who have driven the loonie to a 10-month high are buying protection against the risk of a letdown from the Bank of Canada. With the central bank looking poised to raise rates Wednesday, investors are betting a hike might not be enough to [...]

July 10th, 2017   Daily Market Commentary     Canadian Headlines If Governor Stephen Poloz does the expected and raises Canadian interest rates on Wednesday, it may be time to load up on potash, copper and gold stocks. A review of equity performances following Bank of Canada tightening cycles over the past dozen years shows that materials [...]

July 7th, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks fell as financials and materials led a general decline across the market. The S&P/TSX Composite Index slipped 0.5 percent to 15,073.22 at 10:38 a.m. in Toronto on Thursday. Financials fell 0.2 percent as Toronto-Dominion Bank lost 1.2 percent and the Bank of [...]

July 6th, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks rose for the first time in three trading days as gains in financials and gold stocks offset a rout in oil prices. The S&P/TSX Composite Index added 23 points or 0.2 percent to 15,153.12. Materials shares gained 0.8 percent as gold prices [...]

July 5th, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks fell, with losses in materials and technology shares offsetting a slight gain in financials amid low trading volume. The S&P/TSX Composite Index dropped 0.3 percent to 15,130.61 Tuesday, when U.S. markets were closed for Independence Day. Materials fell 1.6 percent as rising [...]

July 4th, 2017   Daily Market Commentary     Canadian Headlines Transport Minister Marc Garneau is opening the door for new infrastructure proposals as part of a $2-billion plan to reduce bottlenecks at major ports of entry and modernize the country's transportation network. Mr. Garneau will announce Tuesday the first call for submissions for projects [...]

June 30th, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks tumbled in a broad-based decline as investors weighed the implications of hawkish comments from central banks around the world. The S&P/TSX Composite Index lost 142 points , or 0.9 percent, to 15,213.42, its lowest close in six trading days. The benchmark fell below its [...]