The Daily

May 30, 2022 Daily Market Commentary Canadian Headlines • GIC Pte. and Greystar Real Estate Partners have agreed to buy one of the UK’s largest student-accommodation businesses from Brookfield Asset Management Inc., according to people familiar with the matter. The Singaporean wealth fund and US-based property investor are putting the finishing touches on a roughly [...]

May 27, 2022 Daily Market Commentary Canadian Headlines National Bank of Canada’s fiscal second-quarter results got a boost from a surge in trading as recession fears roiled markets. Revenue in the financial-markets unit rose 7.7% to C$632 million ($496 million) in the three months through April, the Montreal-based lender said Friday. That beat analysts’ C$524.4 million average projection. [...]

May 26, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank’s US personal-banking business benefited from continued strength in the housing market and robust credit conditions in the fiscal second quarter. Revenue in the US retail segment came in at C$2.32 billion ($1.81 billion) in the three months through April, the Toronto-based bank said Thursday. That’s up 12% from [...]

May 20, 2022 Daily Market Commentary Canadian Headlines Fortis Inc. plans to increase its presence in the green bond market via transactions from subsidiaries as the C$58 billion ($45 billion) asset company moves to reduce its greenhouse gas emissions, Chief Financial Officer Jocelyn Perry said. The St. John’s, Newfoundland-based power utility, which operates in nine US states, five [...]

May 20, 2022 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government joined Canada’s closest intelligence allies in banning Huawei Technologies Co. from fifth-generation wireless networks. The Chinese state-championed telecommunications firm poses a threat to Canada’s national security, Industry Minister Francois-Philippe Champagne said Thursday, confirming an earlier Bloomberg News report. ZTE Corp. equipment will also be prohibited. Firms that already have [...]

May 17, 2022 Daily Market Commentary Canadian Headlines BHP Sees ‘Strong Case’ for Expansion at Canada Potash Project. BHP Group has begun studies for Stage 2 at the Jansen potash project, which would add around an additional 4 million tons per year, according to copy of speech by CEO Mike Henry at industry conference Tuesday. Co. is [...]

May 16, 2022 Daily Market Commentary Canadian Headlines The global lithium industry needs as much as $42 billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and [...]

May 12, 2022 Daily Market Commentary Canadian Headlines Canadian stocks sunk for a fifth straight day, closing in correction territory on Wednesday for the first time since the pandemic-induced crash in 2020, as investors flee equity markets amid rate hikes and recession concerns. The S&P/TSX Composite Index closed 0.3% lower on Wednesday and has tumbled more [...]

May 11, 2022 Daily Market Commentary Canadian Headlines Canadian stocks dropped for a fourth straight day, closing on the brink of the first correction since 2020, as investors exit risk assets on concerns about rate hikes and slowing economic growth. The S&P/TSX Composite Index closed 0.6% lower on Tuesday after Federal Reserve Bank of Cleveland President [...]

May 10, 2022 Daily Market Commentary Canadian Headlines Canadian equities plunged the most in nearly two years as energy and materials stocks plunged amid slumping crude oil, fertilizer and metals prices. The S&P/TSX Composite fell for the third day, dropping 3.1%, or 633.6 to 19,999.69 in Toronto. The benchmark index hit its lowest point since [...]