The Daily

March 21, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks pared mid-day Fed related gains and closed Wednesday’s session slightly down, along with U.S. stocks. Energy and materials were the best performing sectors, while consumer discretionary was the worst. The S&P/TSX Composite Index fell 0.1 percent to 16,167.56. Westshore Terminals was the best performing stock, while [...]

March 20, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gave back earlier gains, even as Marijuana stocks continued their rally with Tilray Inc. beating sales estimates. Canada forecast 2019-2020 budget deficit of C$19.8 billion, however, Loonie hasn’t reacted to the news, and it likely won’t move the needle for Bank of Canada. The S&P/TSX Composite Index [...]

March 18, 2019 Daily Market Commentary   Canadian Headlines Prime Minister Justin Trudeau delivers his fourth and final budget this week before Canada’s next election. The fiscal plan, to be unveiled Tuesday in the Ottawa legislature by Finance Minister Bill Morneau, comes with the economy in a soft patch, concerns building over the country’s competitiveness and the Liberal [...]

March 15, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks fell after a three-day rally, as U.S. stocks retreated amid concern a trade deal with China will be further delayed. The S&P/TSX Composite Index declined 0.3 percent to 16,107 after the benchmark had climbed to the highest intraday since Oct. 1 on Wednesday. Most sectors [...]

March 14, 2019 Daily Market Commentary   Canadian Headlines   Bruce Flatt put Wall Street’s biggest private equity players on notice that the Canadian juggernaut was coming for them three years ago. The head of Brookfield Asset Management Inc. told Bloomberg Television then that his firm -- pushing into private equity -- should be mentioned in the same breath as Blackstone [...]

March 13, 2019 Daily Market Commentary   Canadian Headlines Canada is signaling it won’t rush to ground Boeing Co.’s 737 Max, awaiting an investigation into a second fatal crash even as 40 other nations temporarily take the airliner out of service. Transport Minister Marc Garneau, in a statement to fellow Liberal Party lawmakers Tuesday evening, said it was [...]

March 12, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rose to their highest level since September with every sector gaining as global indexes rebounded from a gloomy week. The S&P/TSX Composite Index added 0.7 percent to 16,106.24. That’s the biggest gain since mid-February and more than erases last week’s drop, which was the [...]

March 11, 2019 Daily Market Commentary   Bloomberg - Meet SNC, the Company That Trudeau’s Risking His Career to Save. SNC-Lavalin Group Inc. has had more than its share of woes lately. The company faces charges for bribery in Libya, posted two profit warnings for troubles in Chile and Saudi Arabia, and has lost almost half [...]

March 8, 2019 Daily Market Commentary   Canadian Headlines It’s jobs day in Canada (and the U.S.), with economists estimating a net gain of 1,200 positions in February, which would mark a sharp decline from January’s hiring spree. Norway’s sovereign wealth fund, which has ~$1.4 trillion in assets, is going ahead with a divestment of [...]