MAAM

March 29, 2023 Daily Market Commentary Canadian Headlines Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms. In a measure that officials billed as closing a loophole, Canada will begin treating dividends received by financial institutions from holding domestic shares [...]

March 28, 2023 Daily Market Commentary Canadian Headlines Finance Minister Chrystia Freeland plans to expand Canada’s investment subsidies for the oil and hydrogen sectors and allocate C$2 billion ($1.5 billion) to a fund for cutting emissions from heavy industry. The money is part of a plan by one of the world’s largest oil producers to accelerate the growth of [...]

March 27, 2023 Daily Market Commentary Canadian Headlines A Brookfield Asset Management Inc.-led consortium agreed terms on a A$18.7 billion ($12.4 billion) deal, including debt, to acquire Australian utility Origin Energy Ltd. after months of delays. The consortium, which includes EIG Global Energy Partners, increased the value of its proposal following further talks in recent weeks and the pact will [...]

March 24, 2023 Daily Market Commentary Canadian Headlines The US and Canada are poised to announce a deal to rewrite an immigration accord that has driven people to cross the border between the two countries by land to refile asylum claims, a key irritant between the governments, people familiar with the talks say. Joe Biden arrived [...]

March 23, 2023 Daily Market Commentary Canadian Headlines A Canadian lawmaker has resigned from Justin Trudeau’s governing Liberal Party caucus after a media report alleged he spoke to Chinese diplomats in Toronto in 2021 and advised them not to release two imprisoned Canadians for political reasons. Han Dong, who represents a district in Toronto, said the [...]

March 15, 2023 Daily Market Commentary World Headlines Europe’s Stoxx 600 equity benchmark fell more than 2%, with a gauge of banks plunging as much as 6%. Credit Suisse shares slumped 21% after its top shareholder ruled out more assistance, while the cost of default insurance on the Swiss lender’s short-term debt approached distressed levels. Some voices are now also calling [...]

March 14, 2023 Daily Market Commentary Canadian Headlines The yield on short-term Canada bonds is falling at the fastest rate in decades, as investors bet the Bank of Canada will cut rates in coming months to counter fallout from the collapse of US regional banks. Canada’s two-year benchmark yield tumbled 42 basis points Monday to 3.532%, bringing its [...]

March 13, 2023 Daily Market Commentary Canadian Headlines A group of investors including Silver Lake and the Canada Pension Plan Investment Board has agreed to buy software developer Qualtrics International Inc. at a $12.5 billion valuation. Chief Executive Officer Zig Serafin will continue to steer the company, which will get delisted after the deal, SAP said in a statement. SAP SE will offload its entire stake [...]