The Daily

November 25th, 2019 Daily Market Commentary Canadian Headlines Charles Schwab Corp. said it would acquire TD Ameritrade Holding Corp. in a multibillion-dollar deal that will reshape the retail brokerage business. Schwab agreed to acquire TD Ameritrade in an all-stock transaction the companies say is valued at $26 billion, or about $48.50 per share -- a 19% premium based [...]

November 22nd, 2019 Daily Market Commentary Canadian Headlines Quebec is facing an emergency shortage of propane and shipments of oil, grain and metal are grinding to a halt as the impact of a rail strike in Canada threatened to take a multibillion-dollar chunk out of the nation’s economy. About 3,200 conductors and yard operators at Canadian [...]

November 21st, 2019 Daily Market Commentary Canadian Headlines Canadian stocks dropped for a third straight session, following a broad decline in global markets as investors weighed the prospects that the U.S. and China won’t reach the first phase of a trade deal this year. The S&P/TSX Composite declined less than 0.1% to 17,005.82 in Toronto. Stock performance [...]

November 20th, 2019 Daily Market Commentary Canadian Headlines Canadian equities fell for a second session as investors weighed the latest trade developments and crude oil dropped the most in seven weeks. The S&P/TSX Composite declined slightly to 17,011.40 in Toronto. Marijuana stocks rebounded after a weak session Monday, with the Horizons Marijuana Life Sciences Index ETF advancing 4.6%. Also, for [...]

November 19th, 2019 Daily Market Commentary Canadian Headlines The Canadian stock benchmark snapped an 11-day streak of gains on Monday as oil fell from an eight-week high amid dimming signals for a resolution to the long-running U.S.-China trade war. The S&P/TSX Composite declined slightly to 17,025.11 in Toronto. Health care and energy led the index lower. Cannabis [...]

November 18th, 2019 Daily Market Commentary Canadian Headlines Investors are finally warming up to Canadian energy stocks. There’s no shortage of superlatives to describe market optimism as the price of oil climbed and corporate profitability concerns eased. The S&P/TSX Energy Index is on pace for its biggest monthly gain since January. It also has the No. 1 spot among [...]

November 15th, 2019 Daily Market Commentary Canadian Headlines Canada’s equity benchmark hit a record high, posting its 10th consecutive gain even as pot and energy stocks slumped. The S&P/TSX Composite Index rose 0.1% to 16,972.18. Rate-sensitive stocks led the way as bond yields retreated, with real estate up 0.9% and utilities both gaining 0.9%. Canopy [...]

November 14th, 2019 Daily Market Commentary Canadian Headlines The S&P/TSX reached all-time highs yesterday and today, recording its ninth-straight day of positive momentum, even as U.S. stocks fell on Wednesday. The S&P/TSX Composite Index rose 0.3% at 10:40am to 16,962.38. Utilities stocks led the market higher, as 8 of 11 sectors climbed and 132 shares rose, [...]

November 13th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks advanced Tuesday while U.S. shares eked out small gains as investors studied the likelihood of a partial trade deal between the U.S. and China. The S&P/TSX Composite rose for an eighth day, climbing 26.62, or 0.2%, to 16,909.38 in Toronto. 117 of 233 shares rose Tuesday, while [...]

November 12th, 2019 Daily Market Commentary Canadian Headlines Canada's main stock market, the Toronto Stock Exchange, closed Monday slightly higher at 16,883, well above days lows near 16,820 in very light trade as investors appeared to be awaiting firm news on US and China trade talks. Also, there was some profit taking as the local [...]