The Daily

November 9th, 2017   Daily Market Commentary   Canadian Headlines Canada is sounding a note of caution as nations push this week to save a blockbuster Pacific trade pact, saying speed shouldn’t take priority over getting a good deal. “We are at the table, we’re being constructive, we’re being creative but let’s be honest, some [...]

November 8th, 2017   Daily Market Commentary   Canadian Headlines Canada’s stock benchmark continued its streak of record highs, rising for the eighth day in nine as energy and telecom stocks gained. The S&P/TSX Composite Index added 40 points or 0.3 percent to 16,131.79. Since the recent rally began on Sept. 8, the benchmark is [...]

November 7th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed at a fresh high, their fifth in seven trading days, as oil prices soared to levels not seen since mid-2015. The S&P/TSX Composite Index gained 72 points or 0.5 percent to 16,092.20. Energy shares jumped 1.6 percent as the price of crude [...]

November 6th, 2017   Daily Market Commentary   Canadian Headlines Canadian tax authorities are reviewing reports linking a key fundraiser for Prime Minister Justin Trudeau to offshore trusts in the Caribbean. Montreal-based businessman Stephen Bronfman, son of billionaire Charles Bronfman, was among the individuals cited by news organizations including the Canadian Broadcasting Corp., Radio-Canada and the Toronto Star Sunday in [...]

November 3rd, 2017   Daily Market Commentary   Canadian Headlines Canada’s equity benchmark fell for the first time in six trading days as weak results from North America’s largest pipeline operator weighed on energy stocks. The S&P/TSX Composite Index lost 14 points or 0.1 percent to 16,014.99. Energy shares retreated 1.2 percent as Enbridge Inc. [...]

November 2nd, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks eked out a fourth straight record, as gains in energy offset declines in financials and industrials. The S&P/TSX Composite Index added 4 points or less than 0.1 percent to 16,029.33. Energy stocks rose 0.9 percent even as crude prices fell 0.2 percent, erasing [...]

November 1st, 2017   Daily Market Commentary   Canadian Headlines Canada’s equity benchmark posted a third consecutive record high and a third monthly increase, boosted by energy stocks as oil marked its best October since 2011. The S&P/TSX Composite Index added 23 points or 0.1 percent to 16,025.59. For the month of October, the benchmark [...]

October 31, 2017 Daily Market Commentary   Canadian Headlines Canada’s equity benchmark closed above 16,000 for the first time as a deal in the marijuana industry and higher oil prices pushed stocks to a second consecutive record. The S&P/TSX Composite index added 49 points or 0.3 percent to 16,002.78 after reaching its first new high [...]

October 30, 2017   Daily Market Commentary   Canadian Headlines Canopy Growth Corporation is proud to announce that it has agreed to enter into a strategic relationship with the leading total beverage alcohol supplier in the United States, Constellation Brands. Constellation is a leading international producer and marketer of a fast-growing, high-performing portfolio of beer, [...]

October 27, 2017   Daily Market Commentary   Canadian Headlines Potash Corp. of Saskatchewan Inc., posted disappointing third-quarter earnings on Thursday as rising supplies of nitrogen and phosphate-based crop nutrients weighed on prices. Profit excluding one-time items was 9 cents a share, trailing the 12-cent average of estimates compiled by Bloomberg. The company, which is planning [...]