MAAM

January 26, 2023 Daily Market Commentary Canadian Headlines Canada’s Tiff Macklem was the first Group of Seven central banker to adopt outsize rate hikes to tame runaway inflation, saying that big increases would boost the odds of a soft landing later on. Now his argument is being put to the test. After raising its overnight lending rate to 4.5%, [...]

January 25, 2023 Daily Market Commentary Canadian Headlines Finance Minister Chrystia Freeland is facing significant pressure to spend more on clean-energy subsidies and health care, even as a possible recession looms. Canadian National Railway Co. beat analysts’ forecasts in the fourth quarter but said a “softer economic outlook” will hurt growth in 2023. Ahead Wednesday, watch for an interest [...]

January 24, 2023 Daily Market Commentary Canadian Headlines Canadian stocks rose to their highest level since June 2022 on Monday as investors continue to pile into value stocks amid optimism on China’s reopening. The S&P/TSX Composite Index rose above its 20-, 50- and 100-day moving averages this month, extending a positive run for one of the few major [...]

January 23, 2023 Daily Market Commentary Canadian Headlines • The combination of Tiny and WeCommerce creates a well-capitalized technology holding company managed by a leadership team with a strong track record of building and acquiring profitable companies, driving organic growth, and generating free cash flow for future acquisitions. The proforma newly combined business of WeCommerce [...]

January 20, 2023 Daily Market Commentary Canadian Headlines Shares of Cellnex Telecom SA surged Friday after Spanish news outlet Okdiario reported that American Tower REIT and Brookfield Asset Management Ltd. are weighing a takeover bid for the Spanish wireless-telecommunications company, citing people familiar with the matter. Dah Sing Bank and Sun Life Hong Kong announce a 15-year bancassurance [...]

January 18, 2023 Daily Market Commentary Canadian Headlines Bank of Montreal has received approval from the the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest US lender. After the transaction, Bank of Montreal US subsidiary BMO Financial Corp. will have consolidated assets of $286.8 billion, representing about 1% of those held [...]

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 [...]