The Daily

January 4, 2022 Daily Market Commentary Canadian Headlines Trade show operator Emerald Holding Inc. has acquired closely held media and events company MJBiz for $120 million in cash, according to a statement provided to Bloomberg News. The deal will give Emerald, whose largest shareholder is Toronto-based investment firm Onex Corp., a foothold in trade shows focused on the cannabis industry. [...]

December 30, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose for the fifth straight day, with consumer discretionary, real estate and energy stocks advancing. The S&P/TSX Composite index climbed 0.5%, or 114.97 to 21,344.65, its highest closing level since Nov. 25. Brookfield Asset Management Inc. contributed the most to the index gain, increasing 2.1%. [...]

December 29, 2021 Daily Market Commentary Canadian Headlines Ontario, Quebec Weigh Shorter Isolation Period After CDC Shift. Canada’s two largest provinces are considering cutting quarantine times for people with Covid-19 after U.S. health officials recommended reducing the isolation period to five days for people who are no longer experiencing symptoms. Quebec, currently the hardest-hit province [...]

December 23, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government is expanding the number of businesses that can use Covid-19 aid programs as the omicron variant fuels a surge in cases and new restrictions in Canada. At a press conference with Finance Minister Chrystia Freeland, Trudeau said companies and individuals affected by new capacity [...]

December 21, 2021 Daily Market Commentary Canadian Headlines Canadian equities declined for a third straight day as industrial, information technology and real estate stocks weighed down the market. The S&P/TSX Composite dropped 1%, or 200.97, to 20,538.22 in Toronto, the biggest move since Nov. 30. Industrials stocks led the market lower, as 9 of 11 [...]

December 20, 2021 Daily Market Commentary Canadian Headlines Bank of Montreal agreed to buy BNP Paribas SA’s Bank of the West unit for $16.3 billion, extending its presence in the U.S. and giving the French seller a windfall before its new strategic plan. BMO will fund the transaction, which should add 1.8 million customers upon closing next [...]

December 17, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau is instructing his top economic ministers to take tough positions on trade issues amid growing disputes with the U.S., potentially signaling a more protectionist approach from Canada. The marching orders were contained in mandate letters to cabinet ministers released Thursday afternoon, nearly three months after Trudeau was [...]

December 15, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government released new budget estimates Tuesday that showed federal finances in better shape than expected, though the numbers don’t include the bulk of the election campaign promises his Liberal Party made earlier this year. The document from Finance Minister Chrystia Freeland is a straightforward update of [...]

December 13, 2021 Daily Market Commentary Canadian Headlines Heavy winds over the weekend in the Canadian province of Ontario felled trees, broke utility poles and cut power to more than 450,000 Hydro One Ltd. customers, the company said. The utility had restored power to all but 115,000 customers as of Saturday as workers repaired more than 200 [...]

December 3, 2021 Daily Market Commentary Canadian Headlines Canadian equities surged as investors bought the dip after a two-day plunge. S&P/TSX Composite rose 1.5 percent to 20,762.03 in Toronto. The move was the biggest gain since April 1 and follows the previous session’s decrease of 0.9 percent. Today, financial stocks led the market higher, as [...]