The Daily

September 12th, 2017   Daily Market Commentary   Canadian Headlines British Columbia’s new government expects a narrower surplus than the one estimated by its Liberal Party predecessors as spending soars to battle raging wildfires in one of Canada’s fastest-growing provinces. The New Democratic Party-led government forecasts a C$246 million ($203 million) surplus in the fiscal year ending [...]

September 11th, 2017   Daily Market Commentary   Canadian Headlines Canada's sovereign active yield curve flattened in the week ending Sept. 8, more so than in fiscal 4Q ending Oct. 31 and similar to the U.S. Treasury curve. The curve is 57 bps flatter in the five- to 30-year tenors since the end of 2016, [...]

September 8th, 2017   Daily Market Commentary   Canadian Headlines TransCanada Corp. asked Canadian regulators for a 30-day suspension on its applications for the Energy East and Eastern Mainline projects, adding to doubt about the future of two major pipelines that the nation’s energy producers had hoped for. The company said it needs time to review changes to [...]

September 7th, 2017   Daily Market Commentary   Canadian Headlines The cost of carrying consumer loans is going up after Canadian lenders including Royal Bank of Canada and Toronto-Dominion Bank raised their prime rates following Bank of Canada’s decision. Heavy Western Canadian Select’s discount to WTI futures strengthens most since Aug. 2015 as TransCanada’s Marketlink pipeline, the southern section of the Keystone line, [...]

September 6th, 2017   Daily Market Commentary   Canadian Headlines The loonie has surged to the highest in more than two years as evidence of economic strength fueled bets on a Bank of Canada interest-rate hike. But the options market is signaling the gains may only go so far. The Canadian dollar reached C$1.2336 Tuesday, [...]

September 5th, 2017   Daily Market Commentary   Canadian Headlines The latest Nafta talks are nearing conclusion without a major breakthrough or agreements on even the least-contentious topics, officials familiar with the negotiations say, fueling doubts among observers that a deal can be reached this year. U.S. Trade Representative Robert Lighthizer is scheduled to speak publicly alongside [...]

September 1st, 2017   Daily Market Commentary   Canadian Headlines The loonie soared after Canada’s economy accelerated more than forecast in the second quarter, boosting bets the central bank will increase rates for the second time this year -- possibly as early as next week. The Canadian dollar rose 1.1 percent to C$1.2483 per U.S. dollar at [...]

August 31st, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks rose for a second day, led by industrial, consumer and financial shares ,as the economy of Canada’s largest trading partner grew at the fastest pace in two years. The S&P/TSX Composite Index added 50 points or 0.3 percent to 15,133.13, its highest close in three [...]

August 30th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks closed higher, reversing a triple-digit decline as initial fears over North Korea’s saber-rattling eased and materials and industrials shares rose. The S&P/TSX Composite Index added 31 points or 0.2 percent to 15,082.70 after earlier falling as low as 14,934. Materials shares were the biggest gainers, [...]

August 29th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks were little changed Monday as the fallout from Hurricane Harvey weighed on oil prices, offsetting the best day for materials shares in seven weeks. The S&P/TSX Composite Index slipped 4 points or less than 0.1 percent to 15,052.03. Materials stocks jumped 2.5 percent, [...]