The Daily Commentary

   

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…

The Daily – July 24th, 2017

July 24th, 2017   Daily Market Commentary     Canadian Headlines Rayonier Advanced Materials Inc. has raised its bid for Canadian lumber and paper producer Tembec Inc. by 17 percent, winning support from two large shareholders that had said they wouldn’t back the deal without an increase. Rayonier…

The Daily – July 21st, 2017

July 21st, 2017   Daily Market Commentary     Canadian Headlines Growth may be broadening in Canada, but price pressures are a completely different story. Of 19 major components of the Consumer Price Index, the share with inflation rates below zero is the highest since 2013,…

The Daily – July 20th, 2017

July 20th, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks rose as energy shares posted their biggest gain in two months and Rogers Communications Inc. hit an all-time high. The S&P/TSX Composite Index added 95 points or 0.6 percent to 15,244.71, its…

The Daily – July 19th, 2017

July 19th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks failed to find traction despite higher oil and gold prices, falling for a second day as the benchmark stock index was pressured by a mixed basket of financials, industrials and miners. The S&P/TSX…

The Daily – July 18th, 2017

July 18th, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks slipped as a big gain in miners on better-than-expected Chinese growth wasn’t enough to offset declines elsewhere. The S&P/TSX Composite Index fell nine points or 0.1 percent to 15,165.36. Materials stocks jumped 1.5 percent…

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