The Daily

June 25, 2021 Daily Market Commentary Canadian Headlines Dye & Durham’s special committee appointed JPMorgan and Scotiabank to act as independent financial advisers after the company started a strategic review, as previously announced, in response to the receipt of a takeover proposal from a shareholder group led by certain members of management. BlackBerry Misses Estimates [...]

June 24, 2021 Daily Market Commentary Canadian Headlines Canadian equities closed lower Wednesday in a session lacking direction. The S&P/TSX Composite Index fell 0.2% with ten of eleven sectors lagging. Empire Co. led the market lower after reducing same-store sales for the full year. Enbridge Inc.’s embattled plan to build a tunnel under the Straits of Mackinac for its Line [...]

June 23, 2021 Daily Market Commentary Canadian Headlines Canadian equities advanced Tuesday, extending their strong start to the week. The S&P/TSX Composite Index increased 0.2% as nine of eleven sectors rose. Technology and consumer staples stocks climbed the most. Canada’s Senate passed legislation that will legalize single-event sports betting in the country. Shares of Score Media and Gaming rose [...]

June 18, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell on Thursday, after cyclical stocks underperformed, while investors rotated into tech stocks after U.S. Federal Reserve officials signaled they’re preparing the way for a tapering of bond purchases. The S&P/TSX Composite index fell 0.4% in Toronto. Miners, energy and financials were the worst performers, while tech stocks [...]

June 17, 2021 Daily Market Commentary Canadian Headlines Canadian stocks closed little changed on the day after initially rising when U.S. Federal Reserve officials signaled two rate hikes by the end of 2023. The S&P/TSX Composite Index was flat, with eight of eleven sectors declining. Tech and financials were among gainers. Gold fell to a four-week low after the [...]

June 16, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets advanced on Tuesday, marking the fourth consecutive gain for the benchmark index, as energy and tech stocks outperformed. The S&P/TSX Composite index rose 0.4% in Toronto. Energy stocks were the best performers after oil climbed as a chorus of prominent traders in the crude market said [...]

June 15, 2021 Daily Market Commentary Canadian Headlines Canada and the European Union launched a new partnership to secure supply chains for critical minerals and reduce dependence on China in a push for jobs and to counter climate change. “With EU partners, we talked about what we can do to build a cleaner economy for [...]

June 14, 2021 Daily Market Commentary Canadian Headlines Group of Seven nations backed away from plans to set a target for making sure most new cars sold are greener vehicles, instead pledging only speed up efforts to move away from combustion engines. In the final communique Sunday, the bloc include an autos section that was [...]

June 11, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose Thursday with mining companies leading the way. The S&P/TSX Composite Index rose 0.2% as seven of eleven sectors gained. Materials and tech led, while health care retreated. Gold erased early losses after U.S. inflation data showed domestic prices rising slightly faster than expected, causing real Treasury [...]

June 10, 2021 Daily Market Commentary Canadian Headlines Brookfield Infrastructure Partners files an application with the Alberta Securities Commission challenging the defensive tactics employed by Inter Pipeline and the special committee of its board of directors. Brookfield says seeks elimination of the $350 million termination fee, agreed to by IPL and its board of directors, which “threatens to enrich Pembina Pipeline [...]