The Daily

August 25, 2021 Daily Market Commentary Canadian Headlines Canadian equities advanced for a third straight session as broader markets continued their rebound. The S&P/TSX Composite Index rose 0.3%, with tech, health care, and energy leading the charge. Shopify rose after the New York Times reported that the e-commerce company would partner with TikTok. Meanwhile, Oil extended gains from the biggest jump [...]

August 24, 2021 Daily Market Commentary Canadian Headlines Canadian stocks surged Monday, staging their biggest rally since July 21 after last week’s volatility. The S&P/TSX Composite Index rose 0.7%. Healthcare led as Trillium Therapeutics surged the most on record, following Pfizer’s purchase of the cancer drugmaker. Materials and energy also gained along with higher commodity prices. Gold rose [...]

August 23, 2021 Daily Market Commentary Canadian Headlines Canadian stocks bounced back on Friday amid a broader equity-market relief rally. The S&P/TSX Composite index rose 0.6% in Toronto, after falling last six days. All 11 sectors finished in the green, with real estate and financials leading the advance. New Gold was the best performing stock [...]

August 20, 2021 Daily Market Commentary Canadian Headlines Royal Bank of Canada said it will require employees to be fully vaccinated against Covid-19 to work in the bank’s offices, joining Morgan Stanley and other firms in restricting access to some locations as the Delta variant spreads. Toronto-based RBC said it will begin by asking Canadian and U.S. employees [...]

August 19, 2021 Daily Market Commentary Canadian Headlines Canadian shares fell on Wednesday as the nation’s inflation picked up speed last month to the highest level in almost 20 years and U.S. Federal Reserve officials agreed they could start reducing the pace of their bond-buying purchases. The S&P/TSX Composite index extended its decline into fifth [...]

August 18, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell Tuesday amid concern that the global economic recovery will lose momentum as the delta variant prompts further shutdowns to contain the renewed spread of the pandemic. The S&P/TSX Composite dropped 0.6%, the most since July 19. Seven of eleven sectors retreated.  A Statistics Canada [...]

August 17, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets fell on Monday, after cannabis and materials sectors declined. The S&P/TSX Composite index dropped 0.2% in Toronto. Health care was the worst performing sector, led by a decline in pot stocks, while communication services stocks were the best performers. Canada’s housing market posted its [...]

August 16, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau called an election for next month, seeking to capitalize on polls showing his Liberal Party with a large enough lead to retake a majority in parliament. The prime minister met Governor General Mary Simon, the Queen’s representative in Canada, on Sunday morning to request that parliament [...]

August 13, 2021 Daily Market Commentary Canadian Headlines Canadian equities declined Thursday, led by commodity-exposed sectors including energy and materials. The S&P/TSX Composite Index fell 0.2%, with seven of 11 sectors dropping. Oil closed lower as traders assess how the spreading delta variant will impact world fuel demand the rest of the year. Kansas City Southern’s board [...]

August 12, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose for a second session as value sectors including materials, real estate, and financials rose. The S&P/TSX Composite Index gained 0.3%, with 7 of eleven sectors higher. Gold rose the most in three months as the dollar fell after data showed U.S. inflation moderated, easing fears that [...]