Click here: The Weekly Beacon - January 6 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 of lighthouses 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 [...]
January 3, 2023 Daily Market Commentary Canadian Headlines Shopify Inc. spent last year cutting costs. Now, it’s cutting meetings. As employees return from holiday break, the Canadian e-commerce firm said it’s conducting a “calendar purge,” removing all recurring meetings with more than two people “in perpetuity,” while reupping a rule that no meetings at all can be held [...]
Click here: The Weekly Beacon - December 23 2022 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 of lighthouses to [...]
December 22, 2022 Daily Market Commentary Canadian Headlines Superior Plus Corp. said Thursday it agreed to buy fuel-distributor Certarus Ltd. in a deal valued at 1.05 billion Canadian dollars ($771.3 million), bolstering its portfolio with the addition of complementary fuels including compressed natural gas, renewable gas and hydrogen. Superior said it will acquire Certarus for [...]
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December 21, 2022 Daily Market Commentary Canadian Headlines TC Energy pushed back the restart of its Keystone oil pipeline by a week after a 14,000-barrel oil spill shut the conduit, according to people familiar with the matter. The company had expected to begin a full restart Dec. 20 but is now targeting Dec. 28 or 29, [...]
December 20, 2022 Daily Market Commentary Canadian Headlines Magna International Inc. has agreed to buy a driver-assistance unit from SSW Partners for about $1.5 billion following a drawn-out battle to control previous parent Veoneer Inc. The purchase will complement the Canadian-Austrian automotive supplier’s advanced driver-assistance business with combined sales expected to reach $3 billion in [...]
December 19, 2022 Daily Market Commentary Canadian Headlines The threat of a mass extinction of plant and animal species led 195 nations early Monday to agree to protect and restore at least 30% of the Earth’s land and water by 2030. Rich nations committed to pay an estimated $30 billion a year by 2030 to [...]
December 16, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell 1.5%, with 11 of 11 sectors lower, led by materials stocks. As of market close, 154 of 237 stocks fell, while 78 rose. TransAlta Renewables Inc. led the declines, falling 17%, while NFI Group Inc. increased 3.7%. Advent International Corp. agreed to buy satellite [...]
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