The Daily

April 18th, 2019 Daily Market Commentary   Canadian Headlines Canopy Growth Corp. shares gained as much as 7.8 percent in pre-market U.S. trading after the Canadian cannabis producer was said to be near a deal to acquire Acreage Holdings Inc., a cross-border purchase that analysts say would be “a big positive.” The deal would allow [...]

April 17th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks dropped Tuesday, stopping a four-day advance, as the market took a steep drop in late trading. The S&P/TSX Composite Index lost 0.1 percent to 16,502. Information technology, materials and real estate lagged while health care and consumer discretionary outperformed. Cannabis companies will continue to [...]

April 16th, 2019 Daily Market Commentary   Canadian Headlines Voters in the Canadian province of Alberta, home to the world’s third-largest oil reserves, head to the voting booth today in a divisive election that could have wide-ranging implications for the country’s environmental policy and global energy markets. Polls have consistently shown that United Conservative Party [...]

April 15th, 2019 Daily Market Commentary   Canadian Headlines Bank of Canada Governor Stephen Poloz indicated he’s all but abandoned any bias for higher interest rates, saying officials are simply focused on keeping policy aligned with current economic conditions. Asked at a press briefing Saturday in Washington whether he’s done with hiking, Poloz said: “That’s a very [...]

April 12th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks climbed for the eighth day in nine, pushed up by energy and information technology. One of the best performers was the online platform for merchants, Shopify Inc., which hit an all-time high. The S&P/TSX Composite Index added 0.02 percent to 16,399 in Toronto. Energy [...]

April 11th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rebounded from their first drop in seven days as oil prices rose and soft U.S. inflation was seen as encouraging a dovish tone from central bankers. The pot sector also rose after a two-day decline. The S&P/TSX Composite Index added 0.4 percent to 16,396.29 [...]

April 10th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks snapped six days of gains on Tuesday, falling along with U.S. equities, as pot stocks underperformed for a second straight session. The S&P/TSX Composite Index fell 0.4 percent to 16,336.45. The pot sector contributed to the decline in health care, the worst performing sector, dropping [...]

April 9th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rallied late Monday to close positive, extending gains made all last week. The S&P/TSX Composite Index rose 0.07 percent to 16,407.29. Energy and materials gained while health care dropped. Canadian pot stocks retreated after Cowen cut revenue estimates on the expectation that first-quarter growth will [...]

April 8th, 2019 Daily Market Commentary   Canadian Headlines Justin Trudeau is trying to move on after the most bruising two months of his time in office -- but the damage may already be done. Resignations have been piling up for the Canadian prime minister amid a scandal over whether he and his staff pressured the [...]

April 5th, 2019 Daily Market Commentary   Canadian Headlines Canada is ratcheting up pressure on the U.S. to lift tariffs on steel and aluminum -- threatening to hold up the new continental trade deal and change up its own retaliatory tariffs to have a bigger impact. The U.S., Canada and Mexico signed their new trade [...]