April 11, 2023 Daily Market Commentary Canadian Headlines US gold giant Newmont Corp. has made a fresh bid for Australian rival Newcrest Mining Ltd., sweetening its record offer to A$29.4 billion ($19.5 billion) to bring closer the prospect of a precious metal behemoth. The revised proposal, which comes two months after Newcrest rejected Newmont’s earlier $17 billion all-stock [...]
April 10, 2023 Daily Market Commentary Canadian Headlines Sleep County Canada Holdings Inc., Canada's leading omnichannel specialty sleep retailer, today announced its intention to acquire 100% ownership of the Canadian assets of Casper Sleep Inc., the original disruptor of the mattress industry in North America and award-winning mattress retailer. "We are very excited to acquire [...]
This weeks issue: Energy, Oil prices, OPEC, Russia energy, Saudi Arabia, Strategic Petroleum Reserves, Energy shortages, Economics, Regulation, Biden and Trudeau energy policy, U.S. oil production, Shale oil, Oil price projections, CPI, Energy inflation, OPEC inflation, Silicon Valley Bank, Alphabet, Google, Tech companies cut costs, Employee benefits, Twitter costs, Elon Musk, Gambling and investing, Charlie Munger, Gold prices, Central Banks gold spree, Precious metals, Gold production, U.S. Dollar, De-dollarization, Russia, China, Geopolitics, Currency reserves, Russian regulations, Trade wars.
April 6, 2023 Daily Market Commentary Canadian Headlines Oil headed for a third straight weekly gain after a surprise supply cut by OPEC+ and a drop in US inventories tightened the market outlook. Yields slumped on bets the world economy is set for a sharper slowdown. The two-year Canada benchmark traded at 3.55% early Thursday [...]
April 5, 2023 Daily Market Commentary Canadian Headlines Toronto home prices rose for a second month as buyers coming out for the traditional spring selling season were met with a smaller number of newly listed properties. The benchmark price for a home in Canada’s largest city climbed 2.5% to C$1.12 million ($830,000) in March from [...]
April 4, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd. is willing to entertain offers from potential suitors after it finishes the spinoff of its steelmaking coal business, according to people familiar with the matter. The Canadian miner said Monday it rejected an unsolicited $23 billion proposal from Glencore Plc and will forge ahead with an April 26 shareholder vote [...]
April 3, 2023 Daily Market Commentary Canadian Headlines Canada’s Teck Resources Ltd. rejected a proposal from Glencore Plc to buy the company for shares and then spin off their combined coal businesses, in the latest sign of dealmaking heating up across the mining industry. Glencore’s proposal on March 26 represented a 20% premium at the [...]
March 31, 2023 Daily Market Commentary Canadian Headlines The Canadian government will allow Rogers Communications Inc. to acquire rival Shaw Communications Inc., ending a two-year odyssey to seal one of the biggest corporate takeovers in the country’s history. Industry Minister François-Philippe Champagne will make the announcement at a news conference Friday morning in Ottawa. He’ll outline measures on competitiveness in [...]
Click here for the PDF: The Weekly Beacon - March 31 2023 We will be giving some macro economic market updates on a weekly basis. No equity recommendations will be given in this commentary, and we encourage you to contact us if you have questions regarding any observations. Feel free to send in your pictures [...]
March 30, 2023 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s plan to add billions of dollars in new annual spending has some economists worried that Canada is at risk of racking up unsustainable debt — especially if economic growth comes in worse than expected. Finance Minister Chrystia Freeland’s latest budget added C$43 billion ($32 billion) in net new costs over [...]
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