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July 26, 2022 Daily Market Commentary Canadian Headlines Central banks are responsible for soaring inflation rates around the world and should admit that they over-stimulated economies during the pandemic. That’s the view of former New Zealand central bank governor Graeme Wheelerand Bryce Wilkinson, a senior research fellow with the New Zealand Initiative think tank, who have [...]

July 25, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. said it plans to invest C$10 billion ($7.8 billion) over the next three years in networks to improve reliability after a massive outage earlier this month. The House of Commons industry committee will hold hearings Monday on that incident. Crypto platform Voyager Digital LLC said a joint offer proposed [...]

July 20, 2022 Daily Market Commentary Canadian Headlines Statistics Canada will report inflation numbers for June at 8:30 a.m. Ottawa time, with economists expecting a print of 8.4%, potentially setting up more aggressive Bank of Canada rate hikes this fall. The rapid increase in rates this year is already evident in housing markets in cities [...]

July 19, 2022 Daily Market Commentary Canadian Headlines (Reuters) - Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co, people familiar with the matter said on Tuesday. Suncor Energy Inc.’s decision to bow to investor pressure and investigate [...]

July 18, 2022 Daily Market Commentary Canadian Headlines Suncor Energy Inc. reached a deal with activist investor Elliott Investment Management LP to appoint three new directors to the Canadian oil sands company’s board and review its retail business for a possible sale. The refreshed board will form a committee to conduct the review of the downstream assets, Suncor [...]

July 15, 2022 Daily Market Commentary Canadian Headlines Canadian bank stocks slid the most in more than two years as the first round of earnings from US lenders weighed on the outlook for the financial sector amid growing fears of a recession. The S&P/TSX Composite Commercial Banks Index, which tracks Canada’s eight largest lenders, dropped 3.8% [...]