The Daily

February 20th, 2020 Daily Market Commentary Canadian Headlines After posting the weakest annual profit growth since 2016, Canada’s banks now must prove to investors that it’s still worth buying their shares. Half of the country’s Big Six banks -- Royal Bank of Canada, Toronto-Dominion Bank and Canadian Imperial Bank of Commerce -- missed expectations for the fiscal fourth quarter, prompting [...]

February 19th, 2020 Daily Market Commentary Canadian Headlines Canadian shares erased earlier losses, closing Tuesday’s session slightly higher, while U.S. stocks fell on Apple Inc.’s warning that sales will miss forecasts due to the deadly coronavirus. The S&P/TSX Composite Index rose 0.06% to 17,858.34. Gold and silver miners were the best performers, as investors sought safe havens. Meanwhile, Prime [...]

February 18th, 2020 Daily Market Commentary Canadian Headlines French train maker Alstom SA agreed to buy the rail unit of Bombardier Inc. for as much as 6.2 billion euros ($6.7 billion) to almost double in size, as the Canadian company offloads assets following a costly expansion in aerospace. Alstom, based in Saint-Ouen, near Paris, will pay as little as [...]

February 13th, 2020 Daily Market Commentary Canadian Headlines Bombardier Inc., which makes everything from trains to planes, is positioning itself for a future as a much smaller company. The Canadian manufacturer completed its exit from commercial aerospace with the sale of its stake in the Airbus SE A220 program to the European planemaker. Bombardier said it is [...]

February 12th, 2020 Daily Market Commentary Canadian Headlines Canadian shares rose for a second-straight session, closing at a record high. Meanwhile, Canadian National Railway Co. said it will have to shut down “significant” parts of its network as an Indigenous protest against a west coast pipeline escalates, the latest backlash against the country’s oil and gas industry. [...]

February 11th, 2020 Daily Market Commentary Canadian Headlines The first companies developing medical treatments from psychedelic drugs like LSD, ketamine and the active ingredient in magic mushrooms are gearing up to list on Canadian stock exchanges. Mind Medicine Inc., which is undertaking clinical trials of psychedelic-based drugs, intends to list on Toronto’s NEO Exchange by the first [...]

February 10th, 2020 Daily Market Commentary Canadian Headlines Bombardier Inc. floundered when it developed a plane to nip at the heels of Boeing Co. and Airbus SE. Now, as the company decides whether to bet its future on private jets or trains, the rail division faces a growing threat from another giant: China. Competition from China Railway Rolling Stock Corp., [...]

February 7th, 2020 Daily Market Commentary Canadian Headlines Aurora Cannabis CEO Departs, 500 Jobs Cut, Credit Facility Cut. Aurora Cannabis Inc., struggling with a cash crunch and a slumping stock price, announced the departure of its CEO, the termination of about 500 employees and a significant reduction in its credit facility. Chief Executive Officer Terry [...]

February 5th, 2020 Daily Market Commentary Canadian Headlines Trudeau Pipeline Wins in Court, Boosting Canadian Oil Sector. The Canadian government’s plan to expand a major oil pipeline cleared a key legal hurdle, providing optimism the project will proceed and sending a lifeline to the country’s ailing energy industry. The Federal Court of Appeals ruled Tuesday [...]

February 4th, 2020 Daily Market Commentary Canadian Headlines Canadian stocks rebounded from Friday’s rout after China took steps to protect its economy and markets from the impact of the coronavirus. The S&P/TSX Composite Index added 0.4% to 17,379.76 Monday, partially recovering from the previous session’s 1% drop. Technology and health-care stocks led the gains. The only sector [...]