The Daily

October 24, 2022 Daily Market Commentary Canadian Headlines The Canadian dollar weakened against the US dollar together with all of its G-10 peers as investors remain focused on interests rates in the US and Europe, as well as upcoming earnings reports of megacap technology companies. The Bank of Canada may raise rates by as much [...]

October 21, 2022 Daily Market Commentary Canadian Headlines Just 41% of US travelers said in a June 2022 sentiment survey that they had a trip to Canada planned in the following nine months. Granted this was before Canada announced an end to all entry requirements as of Oct. 1, but confidence in vacationing north of the border has taken a hit. Consider [...]

October 20, 2022 Daily Market Commentary Canadian Headlines Trudeau’s Bold Climate Goals Belie Minimal Progress on Emissions. Prime Minister Justin Trudeau pitches Canada as a global climate leader, one that’s adopted increasingly bold climate targets and policies under his watch. But Canada’s greenhouse gas emissions tell an entirely different story. In the seven years since Trudeau [...]

October 19, 2022 Daily Market Commentary Canadian Headlines Canadian heavy crude exports from US Gulf Coast ports have sharply rebounded as India takes advantage of sharply discounted prices, according to oil-tracker Vortexa. A total of 3.3 million barrels of Access Western Blend, a crude grade produced in the oil sands of Alberta, are scheduled to [...]

October 18, 2022 Daily Market Commentary Canadian Headlines One of Canadian Prime Minister Justin Trudeau’s longest-serving economic advisers said progressive governments need to reckon with the unequal impact of inflation, arguing it requires carefully-targeted spending. Tyler Meredith, who left government last month after nearly seven years, warned that Canada’s 40-year-high inflation rate “hurts, most importantly, the [...]

October 17, 2022 Daily Market Commentary Canadian Headlines Crédit Agricole’s asset servicing banking group CACEIS signs MoU to acquire the European asset servicing activities of RBC Investor Services, according to statement. Deal includes custody, global custody FX, fund administration, transfer agency, middle office and securities lending as well as associated Malaysian center of excellence. Together, [...]

October 11, 2022 Daily Market Commentary Canadian Headlines Royal Bank of Canada expects to gain more market share in the UK wealth-management business in the years ahead, with its technological capabilities key to attracting clients. Canada’s largest bank recently completed its 1.6 billion-pound ($1.8 billion) acquisition of Brewin Dolphin Holdings Plc, vaulting its wealth-management operation to the No. 3 [...]

October 6, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. is joining with independent publisher Primary Wave Music in a $2 billion deal to invest in music copyrights, the companies said. The asset manager, which hasn't previously invested in music catalogs, will take a significant minority interest in Primary Wave, and commit $1.7 [...]

October 5, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. is in advanced talks to acquire Hong Kong-based clothing label maker Trimco Group from buyout firm Affinity Equity Partners, according to people familiar with the matter. The investment firms are hammering out the details of a transaction that could value Trimco at as much as $1 billion, [...]

October 4, 2022 Daily Market Commentary Canadian Headlines HSBC Holdings Plc is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its largest shareholder to split up. A potential sale of HSBC’s 100% equity stake in HSBC Bank Canada is among [...]