MAAM

January 17, 2023 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 0.1%, with nine of 11 sectors higher, led by health care stocks. As of market close, 152 of 236 stocks rose, while 77 fell. Dundee Precious Metals Inc. led the advances, rising 6.1%, while Mullen Group Ltd. decreased 8.7%. Barrick Gold Corp.’s bullion [...]

January 16, 2023 Daily Market Commentary Canadian Headlines The Bank of Canada will release two key reports, the Business Outlook Survey and the Canadian Survey of Consumer Expectations, at 10:30 a.m. Ottawa time. Also ahead Monday morning: December housing sales and prices from the Canadian Real Estate Association. Elliott Investment Management now has until March [...]

January 12, 2023 Daily Market Commentary Canadian Headlines • Mexico and Canada won a trade dispute with the US over cars shipped across regional borders, providing automakers more incentive to make vehicles in those nations. The decision was included in a final report released Wednesday by a five-member dispute-resolution panel set up under the 2020 [...]

January 11, 2023 Daily Market Commentary Canadian Headlines Teck Resources said 4Q steelmaking coal sales were 4.3 million tonnes, below previous guidance, as cold weather affected rail and port operations. Oil reversed an earlier decline as traders weighed the outlook for stronger Chinese demand against a reported build in US crude stockpiles. Ahead Wednesday, retailer Aritzia Inc. will report [...]

January 10, 2023 Daily Market Commentary Canadian Headlines Top central bankers from across Group of 20 said fighting climate change while setting interest rates to combat inflation is now a permanent tension for global monetary policymakers. The US, Canada and Mexico outlined joint actions to address regional issues, including migration and drug trafficking. Canadian Prime Minister Justin Trudeau will [...]

January 9, 2023 Daily Market Commentary Canadian Headlines Canaccord Genuity Group Inc.’s management group is seeking to take the firm private in a C$1.13 billion (about $840 million) deal, taking advantage of a plunge in the share price after last year’s turmoil in capital markets. The management group — which includes the firm’s chief executive officer, chairman [...]

January 5, 2023 Daily Market Commentary Canadian Headlines Home-sales activity slowed to a crawl in Canada’s largest city in December, with just 3,117 homes trading hands to end a year that saw prices decline by a record amount. The benchmark price of a home in Toronto fell 0.8% in December from the month before to [...]

January 4, 2023 Daily Market Commentary Canadian Headlines Oil’s rough start to the year worsened as a deteriorating demand outlook came to the fore, buttressed by predictions for a US recession, China’s near-term struggles with Covid-19, and milder winter weather. West Texas Intermediate fell below $75 a barrel. Canfor Corp. said it’s extending sawmill curtailments [...]