The Daily

September 9, 2021 Daily Market Commentary Canadian Headlines Erin O’Toole’s Conservative Party published the estimated cost of its election platform on Wednesday, ahead of a televised debate for the Sept. 20 vote.  Canada’s federal deficit would be C$168 billion ($132 billion) in 2021-22 under the Conservative plan, about C$30 billion more than the baseline forecast [...]

September 8, 2021 Daily Market Commentary Canadian Headlines China Accuses Canada Goose Of ‘Misleading’ Consumers in Ads. High-end parka maker Canada Goose Holdings Inc. was fined by China and criticized by its state media for allegedly misleading consumers in some advertisements, becoming the latest foreign brand to be targeted by regulators amid political tensions between Beijing [...]

September 7, 2021 Daily Market Commentary Canadian Headlines Enbridge Inc., the Canadian pipeline giant, agreed to acquire Moda Midstream Operating LLC for $3 billion to add U.S. Gulf Coast oil export capacity. Enbridge is buying Moda for cash from EnCap Flatrock Midstream, it said Tuesday in a statement. The deal will connect Enbridge with oil produced [...]

September 3, 2021 Daily Market Commentary Canadian Headlines Canadian shares extended their gains into second day on Thursday, led by energy and technology stocks. The S&P/TSX Composite opened rose about 1% in last two days, most since Aug. 24. Energy stocks were the best performers, as oil price climbed. Shopify contributed the most to the index gain, [...]

September 2, 2021 Daily Market Commentary Canadian Headlines Canadian stocks rise in the first trading day of September, after falling in the last two sessions. The S&P/TSX Composite rose as much as 0.5% in Toronto. Industrials stocks led the market higher, as Canadian National and Canadian Pacific Railway outperformed amid a battle for Kansas City Southern. Materials [...]

September 1, 2021 Daily Market Commentary Canadian Headlines Canada’s main stock index rose for a seventh straight month in August, the longest winning streak since 2017, as technology shares continued their torrid gains. The S&P/TSX Composite index gained 1.5% this month, helped by strong performances by tech stocks including Shopify Inc. The benchmark was flat on Tuesday [...]

August 31, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets dropped as cyclical stocks such as materials, financials and health care companies underperformed. The S&P/TSX Composite fell 0.2% in Toronto, following on the previous session’s increase of 0.7%. Materials stocks were the worst performers, led by miners. Consumer staples and tech stocks were the [...]

August 30, 2021 Daily Market Commentary Canadian Headlines Centerbridge Partners and Caisse de dépôt et placement du Quebec are nearing a deal to buy Medical Solutions, a travel nurse staffing firm backed by TPG, according to people familiar with the matter.  The deal could be announced within days and would value the company at about $2.3 billion including debt, [...]

August 27, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell 0.4% at 20,504.15 in Toronto, ending a 4-day rally. The loss follows the previous session’s increase of 0.2%. Investors will be listening for any details at tomorrow’s Jackson Hole symposium for when and how the U.S. central bank will start to ease back its massive [...]

August 26, 2021 Daily Market Commentary Canadian Headlines Canadian shares extended their rally as big banks including RBC topped estimates. The S&P/TSX Composite Index gained 0.2%, with financials and tech leading the charge. Oil rose for a third session after a U.S. government report showed that crude and gasoline inventories fell despite fears that the delta variant’s spread [...]