The Daily

May 26, 2021 Daily Market Commentary Canadian Headlines Canadian shares rose to a record after a comeback in information technology and cannabis stocks. The S&P/TSX Composite Index rose 0.2%, with eight of 11 sectors higher. The U.S. moved to set up a dispute-settlement panel to review Canada’s dairy quotas, which Washington alleges undermine the ability of [...]

May 25, 2021 Daily Market Commentary Canadian Headlines The so-called financed emissions from British-headquartered banks and asset managers, as well as the U.K. arms of international banks such as Credit Suisse Group and JPMorgan Chase, totaled 805 million tons of CO2 in 2019, almost double the nation’s annual carbon emissions, according to the report, published [...]

May 21, 2021 Daily Market Commentary Canadian Headlines Canadian officials escalated efforts to cool the nation’s booming housing market, moving ahead with tighter mortgage qualification rules after the central bank issued a fresh warning against buyers taking on too much debt. Prime Minister Justin Trudeau’s government set a new benchmark interest rate on Thursday afternoon to [...]

May 20, 2021 Daily Market Commentary Canadian Headlines A cloud of methane was detected by satellite over a natural gas field in Canada, identifying a hidden source of pollution from one of North America’s most prolific production basins. The emissions rate was estimated at 79 metric tons an hour on April 20, according to geospatial analytics company Kayrros SAS, which [...]

May 19, 2021 Daily Market Commentary Canadian Headlines Canadian shares rose for second day this week, after tech and health-care stocks outperformed. The S&P/TSX Composite index rose 0.2% in Toronto, after rebounding from earlier loss of as much as 0.3%. Tech stocks were the best performers, led by Shopify after Google announced e-commerce shopping partnership with the [...]

May 18, 2021 Daily Market Commentary Canadian Headlines Canadian National Railway Co.’s proposal to buy Kansas City Southern will be judged under stricter rules adopted in 2001, the industry’s U.S. overseer said Monday, mapping the path to the first major rail merger in more than 20 years. The Surface Transportation Board also denied Canadian National’s initial request [...]

May 17, 2021 Daily Market Commentary Canadian Headlines KKR & Co. has agreed to buy sustainability consultancy ERM Group Inc. at a time when the business world is paying ever-closer attention to green issues amid pressure from investors. The private equity firm has acquired a majority stake in ERM from Canada’s Omers Private Equity and Alberta Investment Management [...]

May 14, 2021 Daily Market Commentary Canadian Headlines Kansas City Southern said it intends to accept a revised merger offer from Canadian National Railway Co. but will give its other suitor, Canadian Pacific Railway Ltd., until May 21 to come up with a higher bid. Canadian National’s binding $33.6 billion offer is “superior” to the proposal by its Canadian [...]

May 13, 2021 Daily Market Commentary Canadian Headlines Canadian shares fell for a third day along with U.S. equities on inflation concerns after a higher than expected uptick in U.S. consumer prices. The S&P/TSX Composite index fell 0.9% in Toronto to lowest since April 23. All of the stock sectors fell, except energy as oil prices climbed. [...]

May 12, 2021 Daily Market Commentary Canadian Headlines Canadian stocks pared some of their earlier losses on Tuesday, but still ended the session in the red amid a broader equity market selloff. The S&P/TSX Composite index fell 0.5% in Toronto with consumer discretionary and real estate stocks as the worst performers, while tech and health [...]