The Daily

February 17, 2022 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau will deliver a speech in Canada’s parliament this morning, explaining his government’s decision to invoke an emergency law against protesters who have blocked streets and bridges. The address is scheduled to begin around 10 a.m. Ottawa time. Big box retailer Canadian Tire Corp. delivered 4Q revenue [...]

February 15, 2022 Daily Market Commentary Canadian Headlines Demonstrators against vaccine mandates halted traffic at two major border crossings in Western Canada and some vowed to stay even as Prime Minister Justin Trudeau used a law giving his government emergency powers to end blockades. The main border posts in Alberta and Manitoba were closed Monday, with commercial traffic to [...]

February 14, 2022 Daily Market Commentary Canadian Headlines Largely civil and without violence, a demonstration in Windsor, Ontario was finally cleared by police Sunday after blocking one of North America’s busiest cross-border trade arteries for more than five days. But while the stand-off is over and the Ambassador Bridge has reopened, deep issues remain. Many [...]

February 11, 2022 Daily Market Commentary Canadian Headlines • Canadian protests that began by championing the rights of truckers have spread into sprawling, ad-hoc anti-establishment demonstrations across the country -- shuttering crucial trade links, confounding police and giving hints that the efforts could spread. As of Thursday, the rolling blockades had closed three U.S.-Canada border [...]

February 8, 2022 Daily Market Commentary Canadian Headlines Canadian equities fell slightly, ending a mixed trading session lower as companies in the technology and industrials sectors dropped. The S&P/TSX Composite fell 0.2% at 21,235.50 in Toronto. The move follows the previous session’s increase of 0.8%. Shopify Inc. contributed the most to the index decline, decreasing [...]

February 7, 2022 Daily Market Commentary Canadian Headlines Canada’s capital city declared a state of emergency Sunday as police struggled to rein in protests against vaccine mandates and Covid-19 restrictions. Ottawa Mayor Jim Watson, who declared the emergency, said that increasingly rowdy demonstrations posed a “serious danger and threat to the safety and security of residents.” Hundreds of [...]

February 3, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose Wednesday, shrugging off another decline in information-technology stocks led by a 10% decline for Shopify, to advance to the highest closing level since Jan. 17. The S&P/TSX Composite rose for the fourth day, climbing 0.2%, or 42.44 to 21,362.36 in Toronto. Information technology and [...]

January 31, 2022 Daily Market Commentary Canadian Headlines Blackberry to Sell Legacy Patents for $600M, according to a press release. BlackBerry Limited, announced today that it has entered into a patent sale agreement with Catapult IP Innovations Inc., a Delaware company, pursuant to which BlackBerry has agreed to sell substantially all of its non-core patent [...]

January 28, 2022 Daily Market Commentary Canadian Headlines Canadian equities fell to their lowest point in more than a month, dragged lower by technology and materials sectors, as investors weighed prospects for monetary policy tightening. The S&P/TSX Composite dropped 0.3 percent at 20,544.11 in Toronto. Shopify Inc. contributed the most to the index decline, decreasing [...]

January 26, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose slightly by 0.1%, ending a five-day losing streak as major U.S. markets were weighed down by potential interest rate hikes by the U.S. Federal Reserve set for tomorrow. The S&P/TSX Composite advanced slightly to 20,590.98 in Toronto, ending a 5-day loss. The gain follows [...]