The Daily

July 12, 2021 Daily Market Commentary Canadian Headlines Canada’s transportation authority imposed new rules on its two largest railroad companies operating in wildfire-ravaged British Columbia as it investigates whether a freight train caused a blaze that destroyed a village two weeks ago. Canadian National Railway Co. and Canadian Pacific Railway Co. will have to ensure [...]

July 9, 2021 Daily Market Commentary Canadian Headlines Canadian shares fell with the U.S. equity markets amid growing investor concern that the spread of Covid-19 variants will upend growth expectations, undoing popular reflation trades. The S&P/TSX Composite fell as much as 1.5% in Toronto, the most intraday since March 4. All of the eleven sectors [...]

July 8, 2021 Daily Market Commentary Canadian Headlines Canadian stocks were mostly unchanged, paring earlier losses on Wednesday. The S&P/TSX Composite was flat in Toronto, paring earlier loss of as much as 0.3%. Industrials were the best performers, led by Waste Connections and GFL Environmental. Meanwhile, health care sector was the worst performer, led by [...]

July 7, 2021 Daily Market Commentary Canadian Headlines Canadian stocks pared earlier losses and ended the session in the green, after tech sectors outperformed. The S&P/TSX Composite index was up slightly in Toronto. Tech stocks were the best performers, led by Shopify’s 5.6% gain. Consumer staples and energy were the worst performing stocks. Oil fell [...]

July 6, 2021 Daily Market Commentary Canadian Headlines Canadian stocks rallied to their highest closing level on record Monday as energy companies outperformed on surging oil prices. The S&P/TSX Composite index rose 0.3% in Toronto, led by energy and tech stocks. Oil prices rose above $75 a barrel after OPEC+ abandoned its meeting without a [...]

July 5, 2021 Daily Market Commentary Canadian Headlines A unit of Brookfield Asset Management Inc. agreed to acquire DexKo Global Inc., a supplier of axles and chassis to trailer and recreational-vehicle manufacturers, for $3.4 billion. Brookfield Business Partners LP, a listed arm of the Canadian investment firm, plans to fund the deal with about $1.1 billion of equity. [...]

July 2, 2021 Daily Market Commentary Canadian Headlines Manulife Financial Corp. is planning to seek full control of its mutual fund joint venture in China to expand in one of the world’s fastest-growing wealth markets, according to a person familiar with the matter. The Toronto-based insurer is in talks to buy the 51% stake being sold [...]

June 30, 2021 Daily Market Commentary Canadian Headlines The world is counting on farmers in North America for big harvests of everything from corn to canola this year. Due to weird weather patterns, growers will likely come up short. The U.S. and Canada are seeing unusual variability in climate, with some crops withering from severe [...]

June 29, 2021 Daily Market Commentary Canadian Headlines Manulife Financial Corp. Chief Executive Officer Roy Gori is setting a higher bar for the financial firm’s Asia operations after growing the business substantially in the past four years. The Toronto-based company, which is hosting an investor day on Tuesday, is seeking to increase its Asian insurance and wealth businesses [...]

June 28, 2021 Daily Market Commentary Canadian Headlines A unit of Brookfield Asset Management Inc. agreed to acquire Modulaire Group, the European designer of modular work spaces backed by TDR Capital for about $5 billion, in one of the largest private equity deals in Europe this year. Brookfield Business Partners LP, a listed arm of the $600 billion-plus Canadian investment [...]