The Daily

June 17th, 2019 Daily Market Commentary Canadian Headlines Stifel Financial Corp. is in talks to acquire GMP Capital Inc., according to the Globe and Mail, which cited unnamed sources in the financial sector familiar with the matter. A deal could be announced as soon as this week and the goal is to close it by September, the Toronto-based [...]

June 14th, 2019 Daily Market Commentary Canadian Headlines Canadian equities finish Thursday’s session little changed, as consumer discretionary stocks outperformed, led by Dollarama, and telecommunications lagged. The S&P/TSX Composite Index rose 0.07% in Toronto. Dollarama rallied on better first quarter same-store results, while Meg Energy staged a late rally after Canadian investor Seymour Schulich initiated a "big new investment" [...]

June 13th, 2019 Daily Market Commentary Canadian Headlines Canadian equities fell alongside U.S. equities as both the loonie and crude oil weakened in the wake of American crude stockpiles climbing and the U.S.-China trade war continuing to put pressure on demand. The S&P/TSX Composite Index dropped 0.1% to 16,227 in Toronto, pulled down by three of the 11 [...]

June 12th, 2019 Daily Market Commentary Canadian Headlines Canadian equities advanced as metals and mining companies rose on China trade optimism and lumber producers gained after additional production curtailments. The S&P/TSX Composite Index increased 0.2%. Materials stocks were the best performers among 11 industry groups, rallying 1.4%. New Gold Inc. rallied 11%. Health care stocks [...]

June 11th, 2019 Daily Market Commentary Canadian Headlines Delinquency rates in Canada climbed to the highest in two years as consumers added to credit card debt and auto loans took longer to pay off, according to Equifax Canada. The 90-day delinquency rate gained to 1.12% in the first quarter, up slightly from 1.08% in the [...]

June 10th, 2019 Daily Market Commentary Canadian Headlines When the lease on an Alberta Health Services office in Calgary came due for renegotiation two years ago, the rental market was so bad that trying to keep the tenants wasn’t worth it. Instead, landlord Strategic Group took the unconventional step of letting the government agency leave [...]

June 7th, 2019 Daily Market Commentary Canadian Headlines Technology stocks rose to their highest level since 2008, leading Canada’s equity benchmark to a third consecutive gain. The S&P/TSX Composite Index added 0.1% to 16,227.80. The S&P 500 increased 0.6% as the U.S. weighs delaying President Donald Trump’s threatened tariffs on Mexico. Technology stocks rose 1% in Toronto, [...]

June 6th, 2019 Daily Market Commentary Canadian Headlines If push comes to shove, one of the world’s largest gold miners is prepared to do an end run around the U.S. should President Donald Trump’s threatened tariffs on Mexican goods bite. Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in [...]

June 5th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose after falling for five days, rebounding after Monday’s sell-off for some of the largest technology companies. The S&P/TSX Composite Index climbed 0.9% to 16,166.24. Health care stocks -- led by cannabis companies -- gained more than any other industry group, rising more than 5%. [...]

June 4th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell for a fifth day, reaching their lowest point since March as oil prices approached a bear market. The S&P/TSX Composite Index slipped 0.1% to close at 16,015.89. Energy stocks lost 2% along with falling West Texas Intermediate crude, even as Alberta oil prices rose the most since [...]