The Daily

July 2nd, 2019 Daily Market Commentary Canadian Headlines Canada investors holding utilities and energy bonds are finally being rewarded, though it has little to do with the power businesses. AltaGas Ltd. and other energy companies are among the largest issuers of longer-term bonds in Canada and they’ve been given a boost this year by rising [...]

June 28th, 2019 Daily Market Commentary Canadian Headlines Canadian equities made a late push to gain Thursday, though closed down for their fifth straight session. The S&P/TSX Composite Index fell less than 0.1% to 16,307. Information technology, consumer staples, and health care rose while energy lagged. Alberta raised its mandatory production limit by 25k b/d in August [...]

June 27th, 2019 Daily Market Commentary Canadian Headlines Canadian equities fell for a fourth day despite a rally in crude oil prices. The S&P/TSX Composite Index lost 0.4% to 16,312. Real estate led the declines as yields on 10-year treasuries rose. Energy and health care were the only two groups to advance. Meanwhile, The Trump administration [...]

June 26th, 2019 Daily Market Commentary Canadian Headlines Canadian equities fell for a third-straight session, following the U.S. market lower. The S&P/TSX Composite Index fell 0.9% to 16,371 led by technology while materials also underperformed. No sector advanced Tuesday. Shopify Inc.’s biggest drop of 2019 shows the e-commerce stock is testing the limits of what investors are willing to [...]

June 25th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks ended slightly lower Monday despite a strong rally in gold. The S&P/TSX Composite Index edge down to 16,523. Technology dropped, led by Shopify Inc., after the latter was downgraded at Roth Capital on valuation. Separately, lawyers for Huawei Technologies Co.’s chief financial officer urged Canada’s justice minister to end extradition [...]

June 24th, 2019 Daily Market Commentary Canadian Headlines Canadian equities ended their six day win streak as the market couldn’t shake off weakness from Canopy Growth Corp.’s disappointing earnings. The S&P/TSX Composite Index lost 0.3% to 16,525. Health care and consumer staples lagged while materials rose. Meanwhile, Bill C-69 passed Canada’s Senate last night. A broad range of [...]

June 21st, 2019 Daily Market Commentary Canadian Headlines Desjardins Group, the largest financial co-operative in North America, said an “ill-intentioned” employee illegally exposed the personal information of some 2.9 million credit union members in one of Canada’s largest data leaks. Laval police alerted the Quebec-based institution on June 14 with information confirming that personal details [...]

June 20th, 2019 Daily Market Commentary Canadian Headlines The oil pipeline that Canadian Prime Minister Justin Trudeau’s government approved on Tuesday is slated to start shipping crude as early as 2022 and cost more than C$7.4 billion ($5.6 billion) after legal delays hampered the construction process. The Trans Mountain expansion, which would carry 590,000 more barrels of crude [...]

June 19th, 2019 Daily Market Commentary Canadian Headlines Canadian equities rose for a fourth straight session, following U.S. peers higher after President Donald Trump said he had a “very good” phone conversation with Chinese counterpart Xi Jinping. The S&P/TSX Composite Index gained 0.9%. All eleven sectors rose, led by materials and financials. Crude futures rose as much as 4.6% [...]

June 18th, 2019 Daily Market Commentary Canadian Headlines Justin Trudeau is poised to give the green light to a major crude pipeline as he faces rising calls to support Canada’s struggling oil industry. The prime minister’s cabinet is widely expected to give the go-ahead at a meeting Tuesday to the expansion of the Trans Mountain pipeline from Alberta [...]