The Daily

September 12th, 2019 Daily Market Commentary Canadian Headlines Canada’s equity benchmark rose as technology shares rebounded from a three-day slump, with Shopify Inc. gaining the most in three weeks. The S&P/TSX Composite added 0.5% to 16,611.14 in Toronto. The index advanced to the highest closing level since July 24. The technology sector gained 2.1% as [...]

September 11th, 2019 Daily Market Commentary Canadian Headlines Canada’s stock benchmark rose as the discount for Canadian crude narrowed, boosting energy stocks, and beleaguered SNC-Lavalin Group Inc. gained the most since 2008. The S&P/TSX Composite rose 0.3% to 16,537.34 in Toronto. The move follows the previous session’s decrease of 0.2%. Royal Bank of Canada contributed [...]

September 10th, 2019 Daily Market Commentary Canadian Headlines Suncor Energy Inc. plans to spend C$1.4 billion ($1.1 billion) to make its Oil Sands Base Plant more efficient at a time when growing production is stymied by a lack of export pipelines. Canada’s largest oil sands producer said it will build two electricity-making cogeneration units that use [...]

September 9th, 2019 Daily Market Commentary Canadian Headlines Friday the 13th could turn out to be Air Canada’s lucky day -- that’s when S&P Dow Jones Indices will announce changes to the benchmark S&P/TSX 60 index. The betting favorite on trading desks is that the carrier will be among those added after a 72% rally this year. [...]

September 6th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose for a second day, rallying along with global markets after a raft of U.S. economic data bolstered confidence in the North American economy and as trade tensions eased. The S&P/TSX Composite Index rose 0.8% to 16,575. Health Care stocks led the market higher, as 8 of [...]

September 5th, 2019 Daily Market Commentary Canadian Headlines The Bank of Canada’s reluctance to signal a potential interest rate cut created some unease with stock investors Wednesday. The S&P/TSX Composite Index reversed an early morning rally and closed 0.3% higher after the central bank’s decision, which contained few hints on future policy, bucking a global [...]

September 4th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks declined, in tandem with global markets, on concerns over economic growth and geopolitical tensions. Consumer discretionary and industrials were the worst performing stocks, while the healthcare sector -- led by pot stocks -- outperformed. The S&P/TSX Composite Index fell 0.3%, or 42.84 to 16,399.23. The move [...]