The Daily

September 23, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose for the second day, climbing 0.8%, or 157.2 to 20,401.49 in Toronto. The move was the biggest gain since July 21. Gainers included cannabis, energy, and tech stocks. Oil advanced after U.S. crude inventories slid to the lowest since October 2018 amid a global energy [...]

September 22, 2021 Daily Market Commentary Canadian Headlines Canadian stocks climbed along with the country’s currency after Prime Minister Justin Trudeau won a historic third term in a federal election that did little to reorder the political balance of the country. Canada’s benchmark S&P/TSX Composite Index was up 0.7% at 9:58 a.m. in Toronto, in line with [...]

September 21, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the third day, dropping 1.6%, or 335.82 to 20,154.54 in Toronto. The move was the biggest since falling 1.8% on Jan. 29. Today, financials stocks led the market lower, as all sectors lost; 200 of 235 shares fell, while 34 rose. Shopify [...]

September 20, 2021 Daily Market Commentary Canadian Headlines Canadian equities fell for a second week as materials shares dipped on commodity headwinds. The S&P/TSX Composite fell for the second day, dropping 0.5%, or 111.74 to 20,490.36 in Toronto. The index dropped to the lowest closing level since Aug. 23. Today, financials stocks led the market lower, as [...]

September 17, 2021 Daily Market Commentary Canadian Headlines Royal Bank of Canada Says Nadine Ahn to Become CFO. Ahn takes over from Rod Bolger, who will be leaving RBC after 10 years. Ahn joined RBC in 1999 and has held progressively senior Finance roles, including in Corporate Treasury and in RBC Capital Markets Finance. Bank also [...]

September 16, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 0.7% at 20,693.79 in Toronto. The move was the biggest daily gain since Aug. 27 and follows the previous session’s decrease of 0.5%. Shopify Inc. contributed the most to the index gain, increasing 1.2%. Denison Mines Corp. had the largest increase, rising 8.8%. [...]

September 15, 2021 Daily Market Commentary Canadian Headlines Canadian National Railway Co. has declined to increase its offer for Kansas City Southern after a months-long takeover battle, a person familiar with the matter said, ceding to Canadian Pacific Railway Ltd. a prize that will create the first railroad spanning the U.S., Canada and Mexico. The decision [...]

September 14, 2021 Daily Market Commentary Canadian Headlines Canadian shares climbed on Monday with natural resources companies outperforming. The S&P/TSX Composite rose 0.2% in Toronto. The move was the biggest since rising 0.5% on Sept. 2 and follows the prior session’s decrease of 0.4%. Energy and materials stocks outperformed with as the prices for oil [...]

September 13, 2021 Daily Market Commentary Canadian Headlines Kansas City Southern said it’s backing out of a merger agreement with Canadian National Railway Co. and plans to accept a competing offer from Canadian Pacific Railway Ltd., the latest step in the fight over which railroad would become the first to operate in Canada, the U.S. and Mexico. Canadian [...]

September 10, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the third day, dropping 0.2%, or 36.52 to 20,705.27 in Toronto. The index dropped to the lowest closing level since Sept. 1. Industrials stocks led the market lower Thursday as 9 of 11 sectors declined; 145 of 229 shares fell, while 82 [...]