The Daily

March 16, 2022 Daily Market Commentary Canadian Headlines Healthcare of Ontario Pension Plan returned 11.3% last year, as gains in equities dwarfed a small loss in bonds, but its top executive warned that 2022 may be a difficult one for investors. “It’s been a pretty rough start of the year,” Chief Executive Officer Jeff Wendling said in an [...]

March 10, 2022 Daily Market Commentary Canadian Headlines Canadian equities reversed two days of losses, climbing as technology and consumer discretionary stocks rallied. The S&P/TSX Composite rose 1.2% at 21,493.23 in Toronto. The move was the biggest since rising 1.7% on Feb. 25 and follows the previous session’s decrease of 0.3%. Shopify Inc. contributed the [...]

March 8, 2022 Daily Market Commentary Canadian Headlines Canadian equities edged lower, weighed down by information technology and consumer discretionary stocks, as global markets slumped amid Russia’s war in Ukraine. The S&P/TSX Composite fell 0.5% at 21,304.40 in Toronto. The move follows the previous session’s increase of 0.7%. Intertape Polymer Group agreed to be acquired [...]

March 7, 2022 Daily Market Commentary Canadian Headlines Fairfax Financial Holdings Ltd., the Canadian investment firm run by Prem Watsa, is exploring the sale of its stake in Indian financial firm IIFL Wealth Management Ltd., according to people familiar with the matter. The Toronto-based firm is in early-stage talks with potential bidders for the stakes, said [...]

March 3, 2022 Daily Market Commentary Canadian Headlines • Toronto-Dominion Bank, which earlier this week announced a $13.4 billion acquisition to expand in the U.S., got a lift from loan growth at home. Total revenue for the bank’s Canadian retail unit rose to C$6.72 billion ($5.32 billion) in the fiscal first quarter, up 5.9% from [...]

March 1, 2022 Daily Market Commentary Canadian Headlines Canadian energy equities rose Monday, thanks to a 4.6% jump in crude oil futures, and led gains on the S&P/TSX Composite Index. The Composite advanced slightly to 21,126.36 in Toronto. Nutrien Ltd. contributed the most to the index gain, increasing 5.7%. Ballard Power Systems Inc. had the [...]

February 28, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank agreed to buy First Horizon Corp. for $13.4 billion to expand in the U.S. Southeast. The Canadian bank agreed to pay $25 a share in cash for Memphis-based First Horizon, the Toronto-based company said Monday in a statement. The purchase price was about 37% higher than First Horizon’s closing [...]

February 25, 2022 Daily Market Commentary Canadian Headlines Canadian stocks erased earlier losses, closing the session higher on a rally in technology stocks as investors weighed whether Russia’s invasion in Ukraine could cause central banks to ease on plans for aggressive interest rate hikes. The S&P/TSX Composite advanced 0.1% to 20,761.93 in Toronto, ending a [...]

February 22, 2022 Daily Market Commentary Canadian Headlines The Bridging Finance sale process has ended and investors stand to lose an estimated C$1.3 billion, The Globe and Mail newspaper reported. Bridging’s court-appointed receiver, PricewaterhouseCoopers, engaged with more than 200 potential bidders; PwC narrowed the formal offers down to two. PwC to ask a judge to approve a liquidation [...]

February 18, 2022 Daily Market Commentary Canadian Headlines Canadian banks have started to freeze a small number of accounts connected to people whom police say have been involved in illegal protests, acting on orders from Prime Minister Justin Trudeau’s government. But the banks won’t be going after donors who collectively gathered millions of dollars to help [...]