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18 11, 2022

The Daily – November 18, 2022

By |2022-11-18T09:38:34+00:00November 18th, 2022|The Daily|

November 18, 2022 Daily Market Commentary Canadian Headlines Canada’s government was worried about the hit to its reputation from trucker-convoy trade disruptions as it negotiated with the US on electric-vehicle incentives. Michael Sabia, the top civil servant in the finance department, told a public inquiry into Prime Minister Justin Trudeau’s invocation of emergency powers that border blockades came [...]

17 11, 2022

The Daily – November 17, 2022

By |2022-11-17T08:37:41+00:00November 17th, 2022|The Daily|

November 17, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. plans to expand into Saudi Arabia, joining BlackRock Inc. and global banks to tap investment opportunities in the biggest Gulf economy. Managing director Aanandjit Sunderaj will relocate to the Riyadh office once open, according to a statement. “There are vast investment opportunities within our main [...]

15 11, 2022

The Daily – November 15, 2022

By |2022-11-15T08:27:39+00:00November 15th, 2022|The Daily|

November 15, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. is making a foray into the recycling business, creating a new firm with an investment of as much as $700 million through its sustainability fund. Publicly traded Brookfield Renewable Partners LP struck a deal with Closed Loop Partners LLC to establish a company called Circular Services. The new entity, formed [...]

14 11, 2022

The Daily – November 14, 2022

By |2022-11-14T14:32:13+00:00November 14th, 2022|The Daily|

November 14, 2022   Daily Market Commentary NEWS US stock futures declined Monday and Treasury yields rose as a cautious tone from a Fed speaker tempered some of the ebullience that inflation may have peaked. Contracts on the tech-heavy Nasdaq 100, typically more sensitive to interest rates, slipped 0.6% while those on the S&P 500 [...]

11 11, 2022

The Daily – November 11, 2022

By |2022-11-11T09:56:42+00:00November 11th, 2022|The Daily|

November 11, 2022 Lest we forget. Remembrance Day Daily Market Commentary Canadian Headlines Onex Corp. said Bobby Le Blanc will become its chief executive officer next year, replacing Gerry Schwartz, who has been in charge of the private-equity firm since he founded it in 1984. Le Blanc will take over after next year’s annual meeting. Schwartz, 80, will remain chairman [...]

10 11, 2022

The Daily – November 10, 2022

By |2022-11-10T08:44:01+00:00November 10th, 2022|The Daily|

November 10, 2022   Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc.’s earnings declined as volatile markets weighed on valuations of its holdings of private assets. Net income fell to $716 million in the third quarter from $2.7 billion in the same period last year because of lower valuation and disposition gains, the Toronto-based asset [...]

9 11, 2022

The Daily – November 9, 2022

By |2022-11-09T10:27:50+00:00November 9th, 2022|The Daily|

November 9, 2022   Daily Market Commentary Canadian Headlines Rogers Communications Inc. reported earnings that were below analysts’ estimates, as a network failure cost the company hundreds of millions in revenue from wireless and internet service. The Canadian cable and wireless firm earned 84 Canadian cents a share on an adjusted basis in the third quarter, short [...]

8 11, 2022

The Daily – November 8, 2022

By |2022-11-08T13:37:36+00:00November 8th, 2022|The Daily|

November 8, 2022   Daily Market Commentary Canadian Headlines Enbridge Inc., Bank of Nova Scotia and Bell Canada are among five issuers selling debt in the Canadian dollar corporate bond market, joining the US and European companies in unleashing a crush of new sales. The energy pipeline company raised C$2 billion ($1.48 billion) by selling securities in three portions while [...]

7 11, 2022

The Daily – November 7, 2022

By |2022-11-07T08:25:27+00:00November 7th, 2022|The Daily|

November 7, 2022   Daily Market Commentary Canadian Headlines Dream Industrial REIT has partnered with GIC to acquire Summit Industrial Income REIT in an all-cash transaction valued at C$5.9 billion. Dream Industrial REIT to acquire a 10% interest in Summit Industrial Income REIT, representing an approximately C$470 million total equity requirement, with intention to finance [...]

3 11, 2022

The Daily – November 3, 2022

By |2022-11-03T09:05:24+00:00November 3rd, 2022|The Daily|

November 3, 2022   Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government will propose a tax on corporate stock buybacks in an effort to encourage companies to invest in domestic operations and workers, Canadian Press reported.  The story, which cited an unnamed government official, didn’t elaborate on the plan, which will be part of [...]

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