The Daily – August 4th, 2017

August 4th, 2017   Daily Market Commentary     Canadian Headlines Allianz SE and Canada Pension Plan Investment Boardhave agreed to buy a 20 percent stake in Spain’s Gas Natural SDG SA’s gas distribution business for 1.5 billion euros ($1.8 billion). Allianz, through its subsidiary Allianz Capital Partners, will commit…

The Daily – August 3rd, 2017

August 3rd, 2017   Daily Market Commentary     Canadian Headlines Home prices in Canada’s largest city posted their biggest monthly drop in at least 17 years in July and sales plunged as government efforts to cool the market and the near-collapse of a mortgage lender made…

The Daily – August 2nd, 2017

August 2nd, 2017   Daily Market Commentary     Canadian Headlines Profit margins slipped at CGI Group Inc. as the Canadian technology-services provider hired more people to develop products for clients that want more operations online. The margins declined a half percentage point from a year earlier…

The Daily – August 1st, 2017

August 1st, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks rallied as financials broke a three-day slump, offsetting losses in health care and tech companies. The S&P/TSX Composite Index rose 0.1 percent to 15,143.87. Financial stocks added 0.4 percent as Manulife Financial…

The Daily – July 31st, 2017

July 31st, 2017   Daily Market Commentary     Canadian Headlines Canada’s economy is booming, and that’s good news for Justin Trudeau. The question is whether it can last until the next election. Growth in May beat all forecasts, a 4.6 percent expansion on a yearly…

The Daily – July 28th, 2017

July 28th, 2017   Daily Market Commentary     Canadian Headlines Alberta’s economy is more than just back on its feet, it’s about to run faster than any other region in Canada. Gross domestic product in the western province will rise by 2.9 percent this…

The Daily – July 27th, 2017

July 27th, 2017   Daily Market Commentary     Canadian Headlines Officials within Prime Minister Justin Trudeau’s government are concerned the Bank of Canada is moving too quickly to raise interest rates, fearing higher borrowing costs could inadvertently trigger a downturn. Governor Stephen Poloz raised the central bank’s key…

The Daily – July 26th, 2017

July 26th, 2017   Daily Market Commentary     Canadian Headlines Home Capital Group Inc. said it repaid the balance on a C$2 billion ($1.6 billion) credit line from Warren Buffett’s Berkshire Hathaway Inc. after the Canadian mortgage lender sold assets. Home Capital received C$662 million from its…

The Daily – July 25th, 2017

July 25th, 2017   Daily Market Commentary     Canadian Headlines The Canadian dollar strengthened to 80 U.S. cents for the first time in more than a year amid mounting evidence the economy is gathering speed and expectations the central bank will continue tightening monetary policy. The…

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