MAAM

October 27, 2022 Daily Market Commentary Canadian Headlines Shopify Inc. gained as it reported revenue that beat analysts’ expectations after adding more avenues for merchants to sell and promote their products. Revenue was $1.4 billion in the third quarter, the Ottawa-based company said in a statement Thursday. That exceeded expectations for $1.3 billion, according to the median of [...]

October 26, 2022 Daily Market Commentary Canadian Headlines The Canadian government imposed new conditions on Rogers Communications Inc.’s $14.7 billion takeover of rival Shaw Communications Inc., saying that a divestiture of Shaw’s wireless assets to another firm must guarantee better prices for consumers. Rogers and Shaw have agreed to sell most of Shaw’s wireless division to Quebecor Inc. to [...]

October 25, 2022 Daily Market Commentary Canadian Headlines John Tory cruised to a third term as mayor of Toronto, as voters in Canada’s financial capital opted for a status-quo candidate with a strong fiscal pedigree at a time of growing economic uncertainty. It’s the first time any mayor has won three consecutive elections in Toronto since [...]

October 24, 2022 Daily Market Commentary Canadian Headlines The Canadian dollar weakened against the US dollar together with all of its G-10 peers as investors remain focused on interests rates in the US and Europe, as well as upcoming earnings reports of megacap technology companies. The Bank of Canada may raise rates by as much [...]

October 21, 2022 Daily Market Commentary Canadian Headlines Just 41% of US travelers said in a June 2022 sentiment survey that they had a trip to Canada planned in the following nine months. Granted this was before Canada announced an end to all entry requirements as of Oct. 1, but confidence in vacationing north of the border has taken a hit. Consider [...]