August 11, 2022 Daily Market Commentary Canadian Headlines Manulife Financial Corp.’s Canadian business boosted profit last quarter on the back of rising sales and lower-than-expected benefit use, cushioning the toll that continued Covid restrictions are taking on its Asian operations. Core earnings in Canada rose 8.5% from a year earlier to C$345 million ($270 million) [...]
August 10, 2022 Daily Market Commentary Canadian Headlines West Fraser Timber said it’s permanently curtailing ~170m board feet of combined production at its Fraser Lake and Williams Lake sawmills and ~85m square feet of plywood production at its Quesnel Plywood mill. Expected to impact 77 positions at Fraser Lake, 15 at Williams Lake and 55 [...]
August 9, 2022 Daily Market Commentary Canadian Headlines Investment group Fairfax Financial Holdings Ltd. has pitched a take-private deal for Recipe Unlimited Corp.that values the Canadian restaurant chain at about C$1.2 billion ($933 million). Toronto-based Fairfax would pay C$20.73 in cash for the company, which owns fast-casual and fast-food brands such as East Side Mario’s, Kelseys and Swiss Chalet. [...]
August 6, 2022 Daily Market Commentary Canadian Headlines Barrick Gold Corp. became one of the few major mining companies this earnings season to deliver a positive surprise, navigating cost inflation and production challenges to exceed analysts’ estimates. The world’s No. 2 gold producer on Monday reported adjusted earnings of 24 cents a share for the second quarter versus [...]
In an era of innovation, it’s not a foreign concept to integrate technology into every aspect of our lives – especially with sports and leisure.  It was 2020 when we first encountered a Fliteboard bombing through South Florida’s steady waters. At a time of panic and pandemic, MacNicol & Associates Asset Management saw a [...]
MAAM's Internal Research Meeting  S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, FED Meeting, U.S. 10 Year Treasury, Yield Curve, Multi-Strategy Hedge Fund Approach, MAAM Absolute Fund Update, Real Estate Update, Alternative Asset Trust.  Email info@macnicolasset.com to receive more of our commentary.  Check out more of our videos [...]
August 5, 2022 Daily Market Commentary Canadian Headlines TC Energy Corporation today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 28,400,000 common shares of the Company at a price [...]
Advisor and client monthly market outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. August Update: North American Public Equities, Currencies, Interest Rates, Hedge Funds, Technicals.
Click here: The Weekly Beacon - August 5 2022 We will be giving some macroeconomic market updates on a weekly basis. No recommendations will be given in this commentary and we encourage you to contact us today if you have any questions regarding any observations. Feel free to send in your pictures of lighthouses to [...]
MacNicol’s The Alternative Asset Trust Quarterly Commentary- July 2022 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate returns that are positive and uncorrelated with public stock or bond markets. The Trust, through its underlying limited partnerships invests in real estate, private equity, and hedge funds. In total the Alternative [...]
Suite 905, 130 Bloor Street West
Toronto, ON Â M5S 1N5
Tel: 416-367-3040
Toll Free: 1-866-367-3040
Email: info@macnicolasset.com
