The Daily

December 9th, 2019 Daily Market Commentary Canadian Headlines With less than a month left, Canada’s ETF industry is heading for a blowout year with inflows poised for a record and assets crossing the C$200 billion ($151 billion) mark. Exchange traded funds attracted C$4.5 billion of investments in November -- the biggest monthly increase for the [...]

December 6th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell along with U.S. equities, as investors weighed the chances that the U.S. will scrap a tariff hike on Chinese goods scheduled for Dec. 15. Tech stocks were the worst performers, while materials outperformed. World Headlines European shares rose as investors remain focused on any trade talk developments ahead [...]

December 5th, 2019 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank’s U.S. retail division extended its winning streak over its Canadian counterpart in a quarter that was hurt by restructuring charges. The U.S. unit, which includes Toronto-Dominion’s stake in online brokerage TD Ameritrade, has been a bright spot for the Canadian lender, with earnings growth outpacing [...]

December 4th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell the most in eight weeks but outperformed their U.S. counterparts as gains in gold miners and pot stocks were offset by declines in most other sectors. The S&P/TSX Composite Index lost 0.5% to 16,892.18, the lowest since Nov. 11. Industrials and financials led the [...]

December 3rd, 2019 Daily Market Commentary Canadian Headlines Bank of Montreal’s push to double wealth-management earnings in five years got a boost in the fiscal fourth quarter, even as the company took a C$357 million ($268 million) charge tied mostly to job cuts. The company last year set a target of increasing profit from the [...]

December 2nd, 2019 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc., the Canadian money manager, is holding more cash and sees distressed debt as “highly attractive” as it girds for the next recession, said Chief Executive Officer Bruce Flatt. “We have more dry powder in funds, more cash on our balance sheet,” Flatt said in [...]

November 29th, 2019 Daily Market Commentary Canadian Headlines Canadian equities hit another record high on Thursday even as volume was light due to the U.S. Thanksgiving holiday. The S&P/TSX Composite Index was slightly higher, up 0.1% to 17,114.52. Health-care and materials stocks led the market higher. Brookfield Asset Management contributed the most to the index [...]

November 28th, 2019 Daily Market Commentary Canadian Headlines OPEC and its allies sent more signals that they’ll stick with their existing output cuts at their meeting next week. As a key advisory committee in Vienna heard that the oil market will be balanced in 2020 if the Organization of Petroleum Exporting Countries maintains current production [...]

November 27th, 2019 Daily Market Commentary Canadian Headlines Canadian shares pared earlier losses on Tuesday to end the session in the green, led by a tech stock rally. The S&P/TSX Composite Index was slightly higher, up 0.02% to 17,035.88, for the second day in a row. Shopify was among the biggest contributors to the advance, [...]

November 26th, 2019 Daily Market Commentary Canadian Headlines Canadian equities snapped their five-day losing streak, led higher by the retail sector. The broader market also climbed on optimism over China trade relations. The S&P/TSX Composite Index rose 0.5%, or 78.02 to 17,032.86 on Monday. The move is the biggest since the 0.7% gain on Nov. 1. Couche-Tard [...]