The Daily

September 26th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell for a third session as gold declined and the U.S. dollar strengthened amid signs of easing trade tension between U.S. and China. Even Shopify’s bounce back after an eight-day loss couldn’t help the index eke out a gain. The S&P/TSX Composite Index was down 0.08 % to 16,784. [...]

September 25th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell as BlackBerry tumbled on an earnings miss and reports said U.S. Democrats would launch a formal impeachment inquiry amid the Ukraine controversy. The S&P/TSX Composite fell for the second day, dropping 0.4%, or 68.87 to 16,798.33 in Toronto. The move was the biggest drop since falling 1.3% on [...]

September 24th, 2019 Daily Market Commentary Canadian Headlines Canadian shares were lower early Monday after extending their gains to a record high on Friday. The S&P/TSX Composite fell 0.2% to 16,862 in Toronto. Financials led the decliners as six of eleven sectors fell. Health care stocks advanced. Meanwhile, First Quantum Minerals Ltd. is down about 10% after saying it [...]

September 23rd, 2019 Daily Market Commentary Canadian Headlines After a week of fresh highs, Canadian stocks are still cheap. The S&P/TSX Composite Index is trading below the five-year average of its forward price-to-earnings ratio, despite hitting seven records since Sept. 13. Relative to U.S. equities, the main Canadian stock gauge is valued about 13% lower. [...]

September 20th, 2019 Daily Market Commentary Canadian Headlines Canada’s equity benchmark rose for the fourth time this week but gave up some of its gains into the close as pot stocks retreated. The S&P/TSX Composite closed up 0.4% at 16,859.77 after earlier adding as much as 0.7%. The health-care sector led the decline, falling 3.3% [...]

September 19th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell Wednesday after gaining for the previous six sessions. The S&P/TSX Composite lost 0.2% to 16,800. Materials stocks were the worst performers as metal-commodities including copper, gold, and silver all dropped. Energy shares also weakened as investors continue to assess the return of Saudi Arabia’s crude production. [...]

September 18th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks reached a record, rising for a sixth straight session -- the longest advance since June -- as gold held its gains and crude oil sank on contradicting reports about when Saudi Arabia will restore lost production. The S&P/TSX Composite rose 0.5% to 16,835. Materials led eight of [...]

September 17th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose for a fifth straight session as oil prices surged after a devastating attack in Saudi Arabia knocked out half its production. Additionally, nearly all of the kingdom’s oil shipments to Canada travel to New Brunswick, home to a single refinery, Irving Oil Ltd.’s Saint John plant, which can [...]

September 16th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks have broken out of their summer stupor, handing investors September’s best first half in seven years as they finally reached a record high. Now things are about to get interesting, according to strategists who predicted the rally. The S&P/TSX Composite Index rose 0.2% Friday, capping [...]

September 13th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks are hovering close to their all-time intraday highs, climbing for a third-straight day. Materials and tech stocks are leading the charge, while health care underperforms. U.S. stocks rose as investors weighed whether the Trump administration and China are closer to a trade deal. The S&P/TSX Composite Index [...]