MAAM

May 31, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. and Shaw Communications Inc.agreed not to close their C$20 billion ($15.8 billion) deal until antitrust problems are dealt with and said they’re working to negotiate a solution to satisfy Canadian regulators’ concerns. The companies agreed to a temporary halt on completing the merger. That removes one [...]

May 30, 2022 Daily Market Commentary Canadian Headlines • GIC Pte. and Greystar Real Estate Partners have agreed to buy one of the UK’s largest student-accommodation businesses from Brookfield Asset Management Inc., according to people familiar with the matter. The Singaporean wealth fund and US-based property investor are putting the finishing touches on a roughly [...]

May 27, 2022 Daily Market Commentary Canadian Headlines National Bank of Canada’s fiscal second-quarter results got a boost from a surge in trading as recession fears roiled markets. Revenue in the financial-markets unit rose 7.7% to C$632 million ($496 million) in the three months through April, the Montreal-based lender said Friday. That beat analysts’ C$524.4 million average projection. [...]

May 26, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank’s US personal-banking business benefited from continued strength in the housing market and robust credit conditions in the fiscal second quarter. Revenue in the US retail segment came in at C$2.32 billion ($1.81 billion) in the three months through April, the Toronto-based bank said Thursday. That’s up 12% from [...]

May 20, 2022 Daily Market Commentary Canadian Headlines Fortis Inc. plans to increase its presence in the green bond market via transactions from subsidiaries as the C$58 billion ($45 billion) asset company moves to reduce its greenhouse gas emissions, Chief Financial Officer Jocelyn Perry said. The St. John’s, Newfoundland-based power utility, which operates in nine US states, five [...]

May 20, 2022 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government joined Canada’s closest intelligence allies in banning Huawei Technologies Co. from fifth-generation wireless networks. The Chinese state-championed telecommunications firm poses a threat to Canada’s national security, Industry Minister Francois-Philippe Champagne said Thursday, confirming an earlier Bloomberg News report. ZTE Corp. equipment will also be prohibited. Firms that already have [...]