The Daily

February 3rd, 2020 Daily Market Commentary Canadian Headlines Prognosticators said volatility would be back this year. They were right. And they were correct to predict Canadian stocks would outperform the U.S.  What they couldn’t foresee was a viral outbreak that has roiled global markets. While it’s too early to assess the full impact of the [...]

January 31st, 2020 Daily Market Commentary Canadian Headlines Enbridge Inc. said opponents of its plan to convert the Mainline oil pipeline network to a contract system may be stalling for time, hoping to see what happens on other lines that are in the works before making long-term commitments on its system. Opponents of Enbridge’s proposal, including Canadian [...]

January 30th, 2020 Daily Market Commentary Canadian Headlines A rift between between Teck Resources Ltd. and the company it uses to export its coal widened as the Vancouver-based miner publicly accused the shipper of charging too much and contaminating some freight. The head of Teck, already shifting some steel-making coal freight away from Westshore Terminals Investment Corp., said on Wednesday [...]

January 29th, 2020 Daily Market Commentary Canadian Headlines Tim Hortons restaurants have stopped selling Beyond Meat products at its coffee and donut shops across two of Canada’s biggest provinces. The chain had been serving the Beyond Burger and a Beyond Meat breakfast sandwich made with the company’s imitation sausage products. After an initial launch starting [...]

January 28th, 2020 Daily Market Commentary Canadian Headlines Canadian Prime Minister Justin Trudeau is losing support for a plan to expand the Trans Mountain oil pipeline, raising the stakes for his government as the project navigates continued legal challenges. About 37% of Canadians oppose the government-owned project, up from 31% in June, according to a poll published [...]

January 27th, 2020 Daily Market Commentary Canadian Headlines Justin Trudeau returns to a fragmented parliament Monday facing sharp domestic divisions with the clock ticking on two of the tougher decisions of his political career. The prime minister must determine whether China’s Huawei Technologies Co.should be allowed to develop Canada’s fifth-generation wireless networks. He also needs to approve [...]

January 24th, 2020 Daily Market Commentary Canadian Headlines Canada Tries to Bring ‘Little More Light’ to Climate-and-Oil Clash. Canada’s fraught debate on decreasing greenhouse gas emissions while growing its economy will have a helping hand from a new government-funded research body, its leadership and observers say. The Canadian Institute for Climate Choices opened its doors [...]

January 23rd, 2020 Daily Market Commentary Canadian Headlines Bank of Canada Needs Strong Communicator, Morneau Says. Whoever replaces Stephen Poloz as Bank of Canada Governor will need to continue to invoke confidence in markets, Canadian finance minister Bill Morneau said. He said not to expect any announcement in the coming weeks, but that the decision will be made in [...]

January 22nd, 2020 Daily Market Commentary Canadian Headlines Canadian stocks ended a six-day advance Tuesday, when U.S. shares also retreated. The S&P/TSX Composite fell 0.1% at 17,572.28 in Toronto. Health care and industrials lagged while information technology and utilities rose. Air Canada sank by the most in 13 months as the Centers for Disease Control and Prevention said the [...]

January 21st, 2020 Daily Market Commentary Canadian Headlines Huawei Technologies Co. Chief Financial Officer Meng Wanzhou shouldn’t be dispatched to the U.S. because her alleged crimes don’t meet Canada’s legal tests for extradition, her defense lawyers said at the opening of hearings. At issue in a legal battle that has severely strained Canada-China relations is whether her extradition request [...]