The Daily

October 12, 2021 Daily Market Commentary Canadian Headlines More than 75% of Canadians say that Prime Minister Justin Trudeau’s government should ban China’s Huawei Technologies Co. from taking part in the build-out of fifth-generation telecommunications networks, a new poll shows. Opposition to Huawei’s participation in 5G is up from 53% in 2019, according to the poll by Nanos Research for [...]

October 8, 2021 Daily Market Commentary Canadian Headlines Canadian equities advanced on Thursday with tech and consumer discretionary stocks leading the way. The S&P/TSX Composite rose for the third day, climbing 1.1% in Toronto. The move was the biggest since rising 1.2% on June 1. Today, information technology stocks led the market higher, as all [...]

October 7, 2021 Daily Market Commentary Canadian Headlines Canada is moving painfully slowly to set the market and regulatory conditions required to transition to a cleaner economy, according to a report by the Institute for Sustainable Finance. To date, Canada has made “significant” progress in only one of 15 recommendations made by a panel of experts [...]

October 6, 2021 Daily Market Commentary Canadian Headlines Justin Trudeau is poised to announce details of the vaccine mandate for federally regulated industries he used as a wedge issue in his successful bid for a third term in Canada. The prime minister and his deputy, Chrystia Freeland, will make an announcement on the “Covid-19 situation” on Wednesday [...]

October 4, 2021 Daily Market Commentary Canadian Headlines  Sun Life Financial Inc., Canada’s largest group-benefits company, agreed to buy U.S. dental-benefits provider DentaQuest for about $2.48 billion, bolstering its business south of the border. Private equity firm Centerbridge Partners LP will sell its minority stake in DentaQuest as part of the transaction, Toronto-based Sun Life said Sunday. [...]

October 1, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fluctuated between gains and losses Thursday, reflecting a volatile month as investors rotated out of pricey growth stocks and into value.  The S&P/TSX Composite was unchanged as of 10:45 a.m. in Toronto, putting the benchmark on track for a monthly and quarterly drop. A measure [...]

September 30, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell for a second day as tech companies dragged the benchmark index lower. The S&P/TSX Composite declined to 20,158.14 in Toronto, putting it on track for its biggest monthly decline since October.  Lightspeed Commerce contributed the most to the index decline and had the largest [...]

September 28, 2021 Daily Market Commentary Canadian Headlines Canadian stocks climbed on Monday, led by health care and energy stocks.  The S&P/TSX Composite rose 0.3% to 20,463.42 in Toronto. The index advanced to the highest closing level since Sept. 17 after the previous session’s decline of 0.3%. Toronto-Dominion Bank contributed the most to the index [...]

September 27, 2021 Daily Market Commentary Canadian Headlines Canadian Imperial Bank of Commerce is planning to double the staff of its innovation-banking unit in the next year and a half as a boom in the technology industry boosts demand for venture lending to startups. The business is opening an office in London, bringing its total locations [...]

September 24, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose for the third day, climbing 0.3%, or 60.44 to 20,461.93 in Toronto. Energy stocks jumped with oil. Financials also rose, with Royal Bank of Canada contributing the most to the index gain, increasing 1.4%. BlackBerry Ltd. had the largest increase, rising 11%. Today, [...]