MAAM

May 17, 2022 Daily Market Commentary Canadian Headlines BHP Sees ‘Strong Case’ for Expansion at Canada Potash Project. BHP Group has begun studies for Stage 2 at the Jansen potash project, which would add around an additional 4 million tons per year, according to copy of speech by CEO Mike Henry at industry conference Tuesday. Co. is [...]

May 16, 2022 Daily Market Commentary Canadian Headlines The global lithium industry needs as much as $42 billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and [...]

May 12, 2022 Daily Market Commentary Canadian Headlines Canadian stocks sunk for a fifth straight day, closing in correction territory on Wednesday for the first time since the pandemic-induced crash in 2020, as investors flee equity markets amid rate hikes and recession concerns. The S&P/TSX Composite Index closed 0.3% lower on Wednesday and has tumbled more [...]

May 11, 2022 Daily Market Commentary Canadian Headlines Canadian stocks dropped for a fourth straight day, closing on the brink of the first correction since 2020, as investors exit risk assets on concerns about rate hikes and slowing economic growth. The S&P/TSX Composite Index closed 0.6% lower on Tuesday after Federal Reserve Bank of Cleveland President [...]

May 10, 2022 Daily Market Commentary Canadian Headlines Canadian equities plunged the most in nearly two years as energy and materials stocks plunged amid slumping crude oil, fertilizer and metals prices. The S&P/TSX Composite fell for the third day, dropping 3.1%, or 633.6 to 19,999.69 in Toronto. The benchmark index hit its lowest point since [...]

May 9, 2022 Daily Market Commentary Canadian Headlines To close one of Canada’s biggest-ever takeovers, Rogers Communications Inc. may need help from an unlikely ally: a rival telecommunications company led by an outspoken Quebec separatist with a penchant for lawsuits.  Rogers is trying to acquire Shaw Communications Inc. for about C$20 billion ($15.5 billion), but the deal is in [...]

May 6, 2022 Daily Market Commentary Canadian Headlines Telus reported Friday Q1 adjusted earnings of CA$0.30 ($0.23) per share, compared with CA$0.27 a year ago. The company said Q1 revenue was CA$4.28 billion, up from CA$4.02 billion last year. The company also reiterated its full-year guidance of 8% to 10% growth in revenue and adjusted [...]