MAAM

September 27, 2022 Daily Market Commentary Canadian Headlines The Ontario Municipal Employees Retirement System hired advisers to approach lenders to test the appetite for financing a leveraged buyout of French calibration company Trescal, Bloomberg reported. The pension fund, which bought Trescal in 2018, is sounding out financing sources in the early stages, since the availability of debt [...]

September 26, 2022 Daily Market Commentary Canadian Headlines Bank of Nova Scotia Chief Executive Officer Brian Porter is stepping down in January and handing the reins to Finning International Inc. CEO Scott Thomson, a rare selection of an outside executive to run one of Canada’s largest banks. Thomson will become Scotiabank’s president on Dec. 1 [...]

September 23, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the third day, dropping 0.9%, or 181.86 to 19,002.68 in Toronto. The index dropped to the lowest closing level since July 26. Shopify Inc. contributed the most to the index decline, decreasing 6.3%. Canopy Growth Corp. had the largest drop, falling 7.1%. [...]

September 22, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the second day, dropping 1%, or 184.15 to 19,184.54 in Toronto. The index dropped to the lowest closing level since Sept. 6. Toronto-Dominion Bank contributed the most to the index decline, decreasing 2.0%. Canopy Growth Corp. had the largest drop, falling 4.6%. [...]

September 21, 2022 Daily Market Commentary Canadian Headlines Manulife Financial Corp. and Sun Life Financial Inc., Canada’s two largest life insurers, each finance emissions equal to those of Ontario and Quebec, making it imperative for the firms to accelerate their climate plans, according to an advocacy group.  Manulife finances emissions of about 277 million tons of carbon [...]

September 20, 2022 Daily Market Commentary Canadian Headlines Walmart Canada will build a fulfillment centre in Quebec as part of its $1 billion investment in infrastructure this year. Facility to open in 2024. Investment to provide more than 2,500 trade and construction jobs across Canada. World Headlines European stocks fell as investors braced for interest-rate [...]

September 19, 2022 Daily Market Commentary Canadian Headlines Ontario Teachers’ Pension Plan Board has acquired a co-control stake in GPA Global from EQT Private Equity and other minority shareholders, OTPP says in a statement. GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective ownership and continue to lead the company World [...]