February 15, 2023 Daily Market Commentary Canadian Headlines Barrick Gold Corp. plans to reverse a three-year production slump that brought output to the lowest level in more than two decades. The world’s second-biggest gold miner expects to produce 4.2 million to 4.6 million ounces this year, up from 4.14 million ounces last year, according to its [...]
MacNicol’s Monthly Commentary - February 2023 With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots of metrics, a section on behavioural investing and finally an update on MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it allows you to better [...]
February 14, 2023 Daily Market Commentary Canadian Headlines Shopify Inc. was the among the first technology giants to slash its workforce during last year’s market rout. Now, some investors say its stock is poised to outperform peers over the course of 2023 as those job cuts translate into lower costs, narrower losses and better cash flow. [...]
February 13, 2023 Daily Market Commentary Canadian Headlines B2Gold Corp., a Canadian gold miner with assets in Africa and the Philippines, agreed to buy Sabina Gold & Silver Corp. in a C$1.1 billion ($820 million) stock deal. The deal is the latest sign of M&A heating up in the industry, after Newmont Corp.’s $17 billion offer for [...]
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February 10, 2023 Daily Market Commentary Canadian Headlines Enbridge Friday morning reported non-GAAP Q4 net income of CA$0.63 per share, down from a CA$0.68 per share adjust profit during the final three months of 2021. Analysts, on average, had been expecting the pipeline company earning CA$0.73 per share during the three months ended Dec. 31, [...]
Click here for the PDF: The Weekly Beacon - February 10 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 [...]
February 9, 2023 Daily Market Commentary Canadian Headlines Ivanhoe Mines Ltd. founder Robert Friedland said he may bring in a minority partner to help develop Congolese copper assets that are key to the green energy transition. The Vancouver-based company is in discussions with potential partners, including sovereign investors, as countries seek stable supplies of the metal, Friedland said. [...]
February 8, 2023 Daily Market Commentary Canadian Headlines Brookfield Asset Management Ltd.’s distributable earnings rose 6% in the fourth quarter as it wrapped up a year of record fundraising. The Canadian alternative asset manager said distributable earnings increased to $569 million from $539 million in the prior year. It’s the first quarterly report for Brookfield Asset [...]
February 7, 2023 Daily Market Commentary Canadian Headlines Bank of Canada Governor Tiff Macklem is scheduled to give a lunchtime speech in Quebec City. A central bank survey shows financial market participants expect the BOC will cut its key interest rate to 4% by December, from the current 4.5%. Prime Minister Justin Trudeau is preparing to commit billions of [...]
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