The Daily

June 29th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks gained as rising bond yields and oil prices injected some life into the lackluster benchmark. The S&P/TSX Composite Index rose 74 points or 0.5 percent to 15,355.58, its first gain of the week. Financial shares added 0.9 percent to their highest level since [...]

June 28th, 2017   Daily Market Commentary   Canadian Headlines Canada’s economy is booming, though you’d hardly know it from listening to Prime Minister Justin Trudeau. Led by a soaring housing sector and consumer spending, Canada’s gross domestic product is forecast to lead the Group of Seven this year. Jobs numbers are surging, the central bank is hinting at rate hikes and a new round [...]

June 27th, 2017   Daily Market Commentary   Canadian Headlines Canadian stocks were little changed as falling gold prices weighed on miners, offsetting gains in the health-care and consumer sectors. The S&P/TSX Composite Index fell 4 points or less than 0.1 percent to 15,316.02. Materials stocks lost 0.6 percent as gold prices fell following what [...]

June 26th, 2017   Daily Market Commentary     Canadian Headlines Slumping crude prices appear set to cut short the loonie’s best run this year. That’s music to the ears of hedge funds that are still near the most bearish on the Canadian dollar in over two decades. The currency’s rally, fueled in part by [...]

June 23rd, 2017   Daily Market Commentary     Canadian Headlines Warren Buffett’s deal to back Home Capital Group Inc. does more than support a struggling mortgage lender -- it’s a vote of confidence for a housing market that everyone from investors to global ratings companies say is a bubble ready to burst. Royal Dutch Shell [...]

June 22nd, 2017   Daily Market Commentary     Canadian Headlines Canadian stocks were little changed following a roller-coaster day that saw the benchmark spike on falling oil inventories, then fall back into the red. The S&P/TSX Composite Index fell 1 point to 15,148.53. Financial stocks fell 0.5 percent and energy shares lost 0.2 percent, [...]

June 21st, 2017 Daily Market Commentary     Canadian Headlines: Canadian stocks dropped to a 2017 low as oil entered a bear market after falling to the lowest level in nine months. The S&P/TSX Composite Index fell 0.8 percent to 15,149.60 at the close, as energy stocks dropped 2 percent. Crude oil fell 2.2 percent to 43.23 per [...]

April 10th, 2017 Daily Market Commentary       Economic News: Housing Starts in Canada were reported at 254K, above estimates. The Consumer Price Index in Greece was reportedly up 1.7% in year-over-year terms, above estimates. A Sentix survey of Investor Confidence in the Eurozone was reported at 23.9, above estimates. Canada: Toronto’s mayor won’t [...]

April 7th, 2017 Daily Market Commentary       Economic News: The Canadian Unemployment Rate was quoted at 6.7%, in line with estimates. The US Unemployment rate was quoted at 4.5%, down from 4.7%. Average Hourly Earnings in the US were up 2.7% in year-over-year terms. Industrial Production in Germany was up 2.5% in February. [...]

April 6th, 2017 Daily Market Commentary       Economic News: Building Permits in Canada were reportedly down 2.5% in month-over-month terms, worse than estimated. Continuing jobless claims in the US were reported at 2.03M, below estimates. Initial Jobless Claims were also below estimates. The Unemployment Rate in Greece was quoted at 23.5%. Canada: With [...]