MAAM

March 3, 2022 Daily Market Commentary Canadian Headlines • Toronto-Dominion Bank, which earlier this week announced a $13.4 billion acquisition to expand in the U.S., got a lift from loan growth at home. Total revenue for the bank’s Canadian retail unit rose to C$6.72 billion ($5.32 billion) in the fiscal first quarter, up 5.9% from [...]

March 1, 2022 Daily Market Commentary Canadian Headlines Canadian energy equities rose Monday, thanks to a 4.6% jump in crude oil futures, and led gains on the S&P/TSX Composite Index. The Composite advanced slightly to 21,126.36 in Toronto. Nutrien Ltd. contributed the most to the index gain, increasing 5.7%. Ballard Power Systems Inc. had the [...]

February 28, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank agreed to buy First Horizon Corp. for $13.4 billion to expand in the U.S. Southeast. The Canadian bank agreed to pay $25 a share in cash for Memphis-based First Horizon, the Toronto-based company said Monday in a statement. The purchase price was about 37% higher than First Horizon’s closing [...]

February 25, 2022 Daily Market Commentary Canadian Headlines Canadian stocks erased earlier losses, closing the session higher on a rally in technology stocks as investors weighed whether Russia’s invasion in Ukraine could cause central banks to ease on plans for aggressive interest rate hikes. The S&P/TSX Composite advanced 0.1% to 20,761.93 in Toronto, ending a [...]

February 22, 2022 Daily Market Commentary Canadian Headlines The Bridging Finance sale process has ended and investors stand to lose an estimated C$1.3 billion, The Globe and Mail newspaper reported. Bridging’s court-appointed receiver, PricewaterhouseCoopers, engaged with more than 200 potential bidders; PwC narrowed the formal offers down to two. PwC to ask a judge to approve a liquidation [...]