digital asset management

July 19th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks finished higher Thursday, with material producers leading the way after gold and silver rose amid weaker U.S. dollar and Iran geopolitics. The S&P/TSX Composite Index up less than 0.1% to 16,494.23. Material stocks jumped 1.7% while Aurora Cannabis Inc. paced losses among pot shares. Meanwhile, energy shares [...]

July 18th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell for a second day -- and the fourth in the past five -- on Wednesday, as sinking industrials dragged down the benchmark. Energy and consumer discretionary shares also lost ground, as the S&P/TSX Composite Index declined by 0.1% to 16,484.21 in Toronto. Health-care shares [...]

July 17th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks were little changed Tuesday, while U.S. shares fell from a record high as President Donald Trump said he could impose more tariffs on China. The S&P/TSX Composite Index fell less than 0.1% to 16,502. Industrial stocks advanced, led by Canadian Pacific Railway Ltd. after the company beat second-quarter [...]

July 16th, 2019 Daily Market Commentary Canadian Headlines The pea-protein craze has led to Manitoba landing its second pea processing facility, a C$65 million ($49.84 million) plant near Winnipeg. The Burcon NutraScience Corp. is planning to open a 20,000-ton processing facility in mid-2020, which will create 80 to 85 jobs, according to Chief Executive Officer Johann Tergesen. The [...]

July 15th, 2019 Daily Market Commentary Canadian Headlines Investors made it clear last week that they no longer trust CannTrust Holdings Inc. The company’s regulatory breach may further erode consumers’ trust in the legal cannabis market as well. The company’s stock plunged 48% over the five trading days since regulators found it grew pot in unlicensed [...]

July 12th, 2019 Daily Market Commentary Canadian Headlines Toronto’s apartment crunch is finally easing as new supply hits the market and the removal of rent controls leads to record units on the drawing board, according to a new report. The vacancy rate rose to 1.5% in the second quarter, the highest since 2015, when research [...]

July 11th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks closed with a small gain after coming within about 30 points of a record high earlier in the day, amid mixed messages from central bankers on both sides of the border. The S&P/TSX Composite Index added 0.1% to 16,563.29 after a volatile day of trading [...]

July 10th, 2019 Daily Market Commentary Canadian Headlines A strong run of economic data is affording the Bank of Canadaan opportunity Wednesday to resist any dovish turn in global monetary policy. Policy makers will keep the benchmark overnight rate at 1.75% in a decision at 10 a.m. in Ottawa, according to all 25 forecasts in a Bloomberg survey. That [...]

July 9th, 2019 Daily Market Commentary Canadian Headlines Alberta, Canada’s largest oil producer, plans to refrain from selling debt until its new government releases a budget update this fall, according to a province official. The province’s last issuance came in March, ahead of elections which saw United Conservative Party leader Jason Kenney unseat the New Democratic Party’s Rachel Notley as premier. Alberta’s business [...]

July 8th, 2019 Daily Market Commentary Canadian Headlines Bank of Canada Governor Stephen Poloz may have reason to start worrying about the strengthening Canadian dollar when he sets interest rates this week. Poloz has overseen the world’s best-performing currency this year, in part because he’s one of the few major central bankers still reluctant to toy with the idea of [...]