The Daily

June 30, 2022 Daily Market Commentary Canadian Headlines Canadian Prime Minister Justin Trudeau’s government released a long-anticipated plan to slash motor fuel emissions, setting up a potential clash with the country’s hydrocarbon producing provinces. The Clean Fuel Regulations aim to reduce emissions from motor fuels by 26.6 million metric tons by 2030, according to a statement from the [...]

June 27, 2022 Daily Market Commentary Canadian Headlines The war in Ukraine has highlighted the risks associated with the supply chain for metals needed for the energy transition. Canada has the potential to become a metals powerhouse for batteries and electric vehicles, harnessing its significant raw material resources, hydropower capacity and proximity to the large [...]

June 24, 2022 Daily Market Commentary Canadian Headlines • Recession Fears Sink Canadian Banks Into 20% Drop From High. Canadian banks fell about 20% from their record high set in early February as recession fears send investors fleeing. The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another [...]

June 22, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management said it raised $15 billion for the Brookfield Global Transition Fund, including investments from institutional investors in and alongside the Fund, as well as amounts reserved for the private wealth channel. BGTF focuses on investments to accelerate the global transition to a net zero [...]

June 17, 2022 Daily Market Commentary Canadian Headlines Canadian equities plunged to their biggest drop since June 2020, hitting their lowest point in 14 months as concerns mount that a recession is coming. The S&P/TSX Composite fell 3.1% at 19,004.06 in Toronto. Toronto-Dominion Bank contributed the most to the index decline, decreasing 3.4%. Cargojet Inc. [...]

June 13, 2022 Daily Market Commentary Canadian Headlines Canadian equities notched their worst week since mid-May as a hot US consumer-price index added to concern the Federal Reserve may be even more aggressive with rate hikes. The S&P/TSX Composite fell for the third day, dropping 1.4%, or 289.07, to 20,274.82 in Toronto. The move was [...]

June 8, 2022 Daily Market Commentary Canadian Headlines Canada Pension Plan Investment Board and OMERS Infrastructure are exploring the sale of their lease attached to the Chicago Skyway Toll Bridge, according to people with knowledge of the matter. The firms are working with an adviser to solicit interest in the 7.8-mile (12.6 kilometers) toll-road concession, the people said, [...]

June 6, 2022 Daily Market Commentary Canadian Headlines Dubai is selling stakes in some of its most prized assets, including the port that helped transform the city into a global trade hub, to a Canadian fund as the emirate seeks to alleviate its debt burden. Caisse de Depot et Placement du Quebec agreed to invest [...]

June 3, 2022 Daily Market Commentary Canadian Headlines Doug Ford cruised to a second victory as Ontario’s premier, cementing his control over Canada’s most populous province for the next four years after promising to steer the economy to a post-pandemic recovery with heavy spending on infrastructure. His Progressive Conservatives won a handy majority, leading or elected [...]

May 31, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. and Shaw Communications Inc.agreed not to close their C$20 billion ($15.8 billion) deal until antitrust problems are dealt with and said they’re working to negotiate a solution to satisfy Canadian regulators’ concerns. The companies agreed to a temporary halt on completing the merger. That removes one [...]