The Daily

December 2, 2021 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank’s Canadian operation got another boost from the country’s surging housing market. Profit in the Canadian retail segment rose 19% to C$2.14 billion ($1.7 billion) in the fiscal fourth quarter, the Toronto-based bank said Thursday in a statement. Overall profit topped analysts’ estimates. Toronto-Dominion has seen its balances [...]

November 30, 2021 Daily Market Commentary Canadian Headlines The turnaround at Bank of Nova Scotia’s Latin America-focused international division is picking up steam. The unit’s adjusted profit rose 74% to C$614 million ($480 million) in the fiscal fourth quarter, Toronto-based Scotiabank said Tuesday. Overall profit in the three months through Oct. 31 topped analysts’ estimates. Scotiabank’s international [...]

November 29, 2021 Daily Market Commentary Canadian Headlines The omicron variant of Covid-19, first identified in South Africa, has been detected in locations from Australia to Germany and Canada, showing the difficulties of curtailing new strains. Most infections stem from travelers carrying the disease across borders. Israel, for instance, said a confirmed case who arrived from Malawi rode on [...]

November 25, 2021 Daily Market Commentary Canadian Headlines Canadian equities climbed for the second consecutive day as companies in the technology sector offset losses in consumer staples. The S&P/TSX Composite rose 0.4%, or 94.66, to 21,548.43 in Toronto. The gain was the biggest since it rose 0.9% on Nov. 12. Shopify Inc. contributed the most [...]

November 24, 2021 Daily Market Commentary Canadian Headlines Canadian equities quelled a four-day losing streak, edging higher as companies in the energy and financials sectors climb. The S&P/TSX Composite rose 0.2 percent at 21,453.77 in Toronto. The gain follows the previous session’s decrease of 0.6 percent. Today, energy stocks led the market higher, as 7 of 11 [...]

November 23, 2021 Daily Market Commentary Canadian Headlines After languishing for months while Wall Street, by comparison, charged back to the office, Toronto’s financial district is finally starting to stir. Many of Canada’s large financial firms say they have a growing portion of their workforces back in the office and the numbers are expected to [...]

November 19, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau said he raised a number of trade concerns in his bilateral meeting with President Joe Biden, including a proposed tax credit for the purchase of electric vehicles made in the U.S. Trudeau was speaking to reporters after a summit with Biden and Mexican [...]

November 18, 2021 Daily Market Commentary Canadian Headlines Canadian equities edged lower, weighed down by companies in the technology and industrials sectors. The S&P/TSX Composite fell 0.3 percent at 21,653.02 in Toronto. The move follows the previous session’s increase of 0.2 percent. Shopify Inc. contributed the most to the index decline, decreasing 1.8 percent. Real [...]

November 17, 2021 Daily Market Commentary Canadian Headlines Rogers Communications Inc. named Tony Staffieri as its interim chief executive officer, giving Chairman Edward Rogers the leadership change he’s craved but setting off a new round of fighting with his mother and sisters. The Canadian wireless and cable company announced the decision Tuesday to replace Joe Natale in a statement, adding the board [...]

November 16, 2021 Daily Market Commentary Canadian Headlines Canadian equities slumped on Monday, dragged down by technology and industrial companies. The S&P/TSX Composite fell 0.4% at 21,683.08 in Toronto, retreating from the previous session’s record high. Shopify Inc. contributed the most to the index decline with a 1.1% drop. Canopy Growth Corp. had the largest [...]