The Daily

January 24, 2022 Daily Market Commentary Canadian Headlines TCV and Inovia Capital are leading a $50 million funding round for a Canadian biomedical software startup that has some of the world’s largest pharmaceutical companies as clients. The investment in BenchSci Analytics Inc. will be used to expand its software platform and hire hundreds of new employees. The Toronto-based company has [...]

January 20, 2022 Daily Market Commentary Canadian Headlines Canada’s plans to introduce a tax credit for carbon capture in the country’s oil patch would amount to a fossil fuel subsidy for an ineffective technology, a group of academics said in a letter to the deputy prime minister. Carbon capture, where the carbon dioxide from oil [...]

January 18, 2022 Daily Market Commentary Canadian Headlines Energy and financial stocks propelled Canadian stocks to their highest closing level since Nov. 25, as the benchmark index climbed for a second straight day. The S&P/TSX Composite Index jumped 0.8% Monday, or 179.89 points to 21,537.45 in Toronto. Oil and gas stocks were the best performers [...]

January 17, 2022 Daily Market Commentary Canadian Headlines The Canadian dollar is strengthening along with other commodity-driven currencies, even as trading is expected to stay subdued during a public holiday in the U.S. Crude prices, already up more than 10% this year, could rise even further because of tight supplies, according to Vitol, the world’s biggest [...]

January 13, 2022 Daily Market Commentary Canadian Headlines Canadian equities climbed as the materials sector soared to its highest point in more than a month and energy rose. The S&P/TSX Composite gained for the second day, climbing 0.6% or 120.19 points to 21,395.00 in Toronto. The index advanced to the highest closing level since Nov. [...]

January 12, 2022 Daily Market Commentary Canadian Headlines Canadian equities climbed, led higher by gains in the energy and materials sectors, after the U.S. Federal Reserve said it will manage inflation as the economy rebounds. The S&P/TSX Composite rose 1 percent at 21,274.81 in Toronto. The move was the biggest advance since rising 1.9 percent [...]

January 11, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. said it’s appointing Tony Staffieri to lead the company through its takeover of Shaw Communications Inc., a move that may widen the rift between members of the Rogers family. Canada’s largest wireless and cable company named Staffieri as its president and chief executive officer in a statement Monday. He had [...]

January 7, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose as gains in energy and financial stocks offset steep losses in materials and technology as investors weight the potential for rate hikes. The S&P/TSX Composite rose 0.2 percent at 21,072.20 in Toronto. The move was the biggest since rising 0.5 percent on Dec. 29 [...]

January 6, 2022 Daily Market Commentary Canadian Headlines Canadian equities slumped, weighed down by technology and real estate stocks, after Federal Reserve minutes signaled the potential for earlier and faster interest rate hikes. The S&P/TSX Composite fell 0.9 percent to 21,039.866 in Toronto. The decline was the biggest since a 1 percent drop on Dec. [...]

January 5, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose 0.06% on the index’s first trading day of the new year as surges in energy and financials offset steep losses in technology stocks. The S&P/TSX Composite advanced to 21,236.52 in Toronto. The move follows the previous session’s decrease of 0.3%. Shopify Inc. plunged 11%, [...]