The Daily

August 14th, 2019 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau has forged a comfortable lead over his main political rival on the crucial question of economic stewardship, giving the Canadian leader a critical advantage in his bid for re-election in October. According to a monthly survey conducted by Nanos Research Group for Bloomberg News, 37% [...]

August 13th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell with U.S. equities as political unrest in Hong Kong and Argentina fueled a rally in global bonds, continuing to raise the specter of a looming recession. The S&P/TSX Composite Index fell 0.6% to 16,237.77 on Monday, with all 11 sectors declining, led by consumer discretionary and [...]

August 12th, 2019 Daily Market Commentary Canadian Headlines Barrick Gold Corp. Chief Executive Officer Mark Bristow says the global miner continues to target $1.5 billion of asset sales by the end of next year. Barrick is still engaged in selling its 50% stake in the Kalgoorlie mine to partner Newmont Goldcorp Corp., but it hasn’t received an [...]

August 9th, 2019 Daily Market Commentary Canadian Headlines Sun Life Financial Inc. reached its lowest ever coupon for any of its bonds with the issuance of its first sustainable notes in a fresh sign that demand for such debt is increasingly driven by general investors scratching for some yield above inflation. The Toronto-based insurer priced C$750 [...]

August 8th, 2019 Daily Market Commentary Canadian Headlines With global stocks roiled by the U.S.-China trade brawl and a dimming outlook for global growth, strategists say one market should hold up better than most -- Canada. The benchmark S&P/TSX Composite index has lost 0.9% since the end of July compared with a 3.2% slide in [...]

August 7th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks played catch up with a global rout following Monday’s holiday, with the nation’s benchmark falling the most this year before paring losses. The S&P/TSX Composite Index fell 0.8% on Tuesday, extending its slump for a sixth straight session -- its longest losing streak since Sept. [...]

August 6th, 2019 Daily Market Commentary Canadian Headlines Toronto home sales and prices continued to move higher in July amid tight supply. Sales in Canada’s biggest city jumped 24% to 8,595 from the same period last year, the Toronto Real Estate Board said in a report Tuesday. On a seasonally-adjusted basis, sales rose 5.1% from June, the [...]

August 2nd, 2019 Daily Market Commentary Canadian Headlines Canadian stocks erased earlier gains to close lower, along with U.S. markets, after President Donald Trump abruptly escalated his trade war with China, announcing that he would impose a 10% tariff on $300 billion in Chinese imports that aren’t yet subject to U.S. duties. The S&P/TSX Composite Index fell [...]

August 1st, 2019 Daily Market Commentary Canadian Headlines Sun Life Financial Inc. Chief Financial Officer Kevin Strainis bracing for a market downturn -- and the opportunities that may present. The Canadian insurer has C$2.2 billion ($1.67 billion) of excess capital and the ability to tap more, giving it strength to snap up assets or other businesses if [...]

July 31st, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell for a second day as a mixed bag of earnings offset strong gains in the energy sector. The S&P/TSX Composite Index lost 0.2% to 16,466.05, the lowest in three weeks. Waste Connections Inc. was the biggest drag on the benchmark after lowering its full-year Ebitda outlook [...]