The Daily

May 9, 2022 Daily Market Commentary Canadian Headlines To close one of Canada’s biggest-ever takeovers, Rogers Communications Inc. may need help from an unlikely ally: a rival telecommunications company led by an outspoken Quebec separatist with a penchant for lawsuits.  Rogers is trying to acquire Shaw Communications Inc. for about C$20 billion ($15.5 billion), but the deal is in [...]

May 6, 2022 Daily Market Commentary Canadian Headlines Telus reported Friday Q1 adjusted earnings of CA$0.30 ($0.23) per share, compared with CA$0.27 a year ago. The company said Q1 revenue was CA$4.28 billion, up from CA$4.02 billion last year. The company also reiterated its full-year guidance of 8% to 10% growth in revenue and adjusted [...]

May 5, 2022 Daily Market Commentary Canadian Headlines Canadian stocks staged a turnaround from earlier losses, following a rally in U.S. markets after the U.S. Federal Reserve said that it will likely maintain rate increases of 50 basis-point for the “next couple of meetings.” The S&P/TSX Composite rose for the second day, climbing 1.3%, or [...]

May 4, 2022 Daily Market Commentary Canadian Headlines Natural resources stocks surged and led a 1% rise for Canada’s S&P/TSX Composite index to 20,905.28 in Toronto, snapping a two-day losing streak. Nutrien Ltd. contributed the most to the index gain, increasing 6.0%. SSR Mining Inc. had the largest percentage increase, rising 7.5%. Toronto home prices [...]

May 3, 2022 Daily Market Commentary Canadian Headlines Thomson Reuters Corp. on Tuesday beat expectations on revenues and adjusted earnings beat expectations in the first quarter, benefiting from growth among its Big 3 business segments. Revenue came in at $1.67 billion, up from $1.58 billion a year ago. According to analysts polled on FactSet, revenue [...]

May 2, 2022 Daily Market Commentary Canadian Headlines A real estate company with apartment buildings in five U.S. states is set to list in Toronto, ending a deep freeze in Canada’s market for initial public offerings. Dream Residential Real Estate Investment Trust expects to close its $125 million offering and begin trading on May 6, according [...]

April 28, 2022 Daily Market Commentary Canadian Headlines Block Inc., the digital-payments firm run by Jack Dorsey, is expanding its small-business loans service to Canada, bringing it into more direct competition with the country’s big banks. The program, known as Square Loans, will make offers to eligible users and deliver funds as soon as the next [...]

April 25, 2022 Daily Market Commentary Canadian Headlines To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting at the seams. The vacancy rate for space in the city’s warehouses has fallen below 1%, according to data from real estate [...]

April 20, 2022 Daily Market Commentary Canadian Headlines Canadian equities extended a winning streak as technology and consumer stocks surged. The S&P/TSX Composite rose for the fourth straight day, climbing 0.64%, or 140.41 to 22,018.82 in Toronto. The gain was the biggest since an advance of about 0.9% on March 21. Shopify Inc. contributed the [...]

April 18, 2022 Daily Market Commentary Canadian Headlines Canada’s housing minister has a daunting target in front of him as his government tries to rein in skyrocketing housing prices: doubling the pace of housing construction in the country within 10 years.  But Ahmed Hussen, who was appointed to the job after last year’s election, says Canada [...]