The Daily -January 5th, 2018

January 5th, 2018   Daily Market Commentary   Canadian Headlines Canadian pension fund Caisse de Depot et Placement du Quebec and its partners have hired advisers to explore options for McInnis Cement, according to people familiar with the matter. The investors are considering options for the cement…

The Daily -January 4th, 2018

January 4th, 2018   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a new high as oil prices approached $62, the highest in three years. The S&P/TSX Composite Index added 62 points or 0.4 percent to 16,371.55, its second day of gains. Energy…

The Daily -January 3rd, 2018

January 3rd, 2018   Daily Market Commentary   Canadian Headlines Canada’s equity benchmark is heavily weighted toward energy, but the recent rally in West Texas Intermediate crude prices isn’t doing much for either theS&P/TSX Composite Index or Canadian energy stocks. In fact, the performance gap between WTI…

The Daily -January 2nd, 2018

January 2nd, 2018   Daily Market Commentary   Canadian Headlines Investors counting on a rebound in Canadian stocks following a lackluster 2017 are likely to be disappointed. Canada’s equity benchmark will rise about 4.4 percent in 2018, a return that would lag last year’s 6…

The Daily -December 22nd, 2017

December 22nd, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a record high for the second consecutive day, while the loonie and bond yields surged amid faster-than-expected inflation and retail sales growth. The S&P/TSX Composite Index added 23 points or 0.1 percent to…

The Daily -December 21st, 2017

December 21st, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a record high, rebounding from a decline earlier in the day as strong gains in commodity prices offset drops in most other sectors. The S&P/TSX Composite Index added 26 points or…

The Daily -December 20th, 2017

December 20th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks ended the day little changed after earlier gaining as much as 0.4 percent, in what appeared to be a classic case of buy the rumor, sell the news on the U.S. tax debate. The S&P/TSX…

The Daily -December 19th, 2017

December 19th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks posted their biggest gain in more than a week, joining a global rally after U.S. Republicans reached an agreement on wide-ranging tax cuts. The S&P/TSX Composite Index rose 90 points or 0.6 percent to…

The Daily -December 18th, 2017

December 18th, 2017   Daily Market Commentary   Canadian Headlines With CEO Hunter Harrison’s untimely death on Saturday, CSX Corp. lost the counsel of a railroading legend who added almost $17 billion in value in less than a year. Now, acting Chief Executive Officer Jim Foote will have to…

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