MAAM

September 15, 2022 Daily Market Commentary Canadian Headlines Ontario’s government is creating an economic advisory group with representatives from Stellantis NV and three indigenous groups to try to advance billions of dollars of investment in clean energy and infrastructure projects. The governments of Canada and Ontario have provided financial support to a raft of electric vehicle initiatives [...]

September 14, 2022 Daily Market Commentary Canadian Headlines The Canadian government has declared Monday a federal holiday for the funeral of Queen Elizabeth II, but financial markets will function normally. TMX Group Ltd., operator of the Toronto Stock Exchange, said the main exchange, the TSX Venture Exchange and TSX Alpha Exchange will follow normal trading [...]

September 13, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 1.1%, with 11 of 11 sectors higher, led by energy stocks. As of market close, 213 of 237 stocks rose, while 21 fell. New Gold Inc. led the advances, rising 8.1%, while Corus Entertainment Inc. decreased 8.2%. Ontario Teachers’ Pension Plan Board, one [...]

September 12, 2022 Daily Market Commentary Canadian Headlines Around the world, soaring borrowing costs are squeezing homebuyers and property owners alike. From Sydney to Stockholm to Seattle, buyers are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices falling. Meanwhile, millions of people who borrowed cheaply to purchase [...]

September 2, 2022 Daily Market Commentary Canadian Headlines Canadian equities dropped for the fifth straight day as energy and materials stocks tumbled. The S&P/TSX Composite fell 1%, or 188.09 to 19,142.72 in Toronto. The index dropped to the lowest closing level since July 26. Bank of Nova Scotia contributed the most to the index decline, [...]