The Daily

June 9, 2021 Daily Market Commentary Canadian Headlines The battle for a controversial Canadian oil pipeline is heating up, with Pembina Pipeline Corp. forming a partnership with an indigenous group to buy the key Trans Mountain pipeline in a challenge to another native group seeking full ownership. Canada’s third-largest pipeline company said in an emailed statement it [...]

June 8, 2021 Daily Market Commentary Canadian Headlines Canadian equities were relatively flat Monday as traders prep for economic data and corporate conferences. The S&P/TSX Composite Index rose 0.03%, with 7 of 11 sectors gaining. Trillium Therapeutics Inc. and Aurora Cannabis Inc. led health care stocks higher. Meanwhile, consumer discretionary retreated, led by seadoo-maker BRP [...]

June 7, 2021 Daily Market Commentary Canadian Headlines Lightspeed POS Inc. said it’s making two deals to acquire digital platforms and will spend a total of $925 million in cash and stock. Acquisition of Ecwid, an e-commerce platform, is for $175 million in cash and $325 million in subordinate voting shares. Ecwid had $20m in revenue [...]

June 4, 2021 Daily Market Commentary Canadian Headlines Analysts have raised their forecasts on the high-flying commodity-linked Canadian dollar as a proposed infrastructure spending package in the United States bolsters prospects for the global economy, a Reuters poll showed. The Canadian dollar has been the top performing Group of 10 currency this year, up about [...]

June 3, 2021 Daily Market Commentary Canadian Headlines Canadian stocks failed to hold onto their earlier gains after a rally in cannabis stocks was offset by declines in consumer discretionary companies. The S&P/TSX Composite index was little changed in Toronto, after rising as much as 0.3%. Tilray and Cronos were among the best-performing pot stocks. [...]

June 2, 2021 Daily Market Commentary Canadian Headlines Canada’s main stock index rose above 20,000 for the first time Tuesday, aided by a gain in energy shares, a rotation to value stocks and global economies emerging from the depths of Covid-19 lockdowns. The S&P/TSX Composite Index jumped as much as 1.5% before paring those gains to close up 1.2% [...]

June 1, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets gave up their earlier gains on Monday as marijuana and consumer stocks underperformed. The S&P/TSX Composite index fell -0.6%, reversing the earlier gain of as much as 0.3%. The decline marks the first drop for the index in five trading sessions. Cronos, Organigram were [...]

May 31, 2021 Daily Market Commentary Canadian Headlines Canadian software company Dye & Durham Ltd. will review its options after a shareholder group led by management offered to buy the company for about C$3.4 billion ($2.8 billion), less than a year after it went public. The Toronto-based company announced Monday it will form a special committee of directors “to [...]

May 28, 2021 Daily Market Commentary Canadian Headlines When Chrystia Freeland became Canada’s minister of finance in August, she had a mandate from Prime Minister Justin Trudeau to aggressively pursue economic growth. She was already Trudeau’s deputy and had led the government’s international trade and foreign ministries, making her a leading candidate to eventually succeed Trudeau even though she’d been [...]

May 27, 2021 Daily Market Commentary Canadian Headlines Canadian equities gained for a second session to a record high. The S&P/TSX Composite Index gained 0.9%, with all eleven sectors rising. Health care and energy led the charge. U.S. Commerce Secretary Gina Raimondo said she wants to find a “long-term solution” to Washington’s long-running dispute with [...]