The Daily

May 3rd, 2019 Daily Market Commentary Canadian Headlines Hudbay Minerals and Waterton Global reach settlement pact that will result in 11 agreed nominees being elected as Hudbay’s board at shareholders meeting scheduled for May 7. Hudbay, Waterton also agree that, following meeting, corporate governance and nominating committee will initiate process to identify successor to Chair [...]

May 1st, 2019 Daily Market Commentary Canadian Headlines Canadian stocks pared most of their earlier losses and ended Tuesday’s trading session mostly negative-to-flat. The record rally from Shopify helped the index rise and pushed the technology sector up, while health care and energy stocks underperformed. The S&P/TSX Composite Index fell 0.12 percent to 16,580.73. Technology [...]

April 30th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks were mixed Monday after closing unchanged the previous week. An underperformance by miners outweighed marijuana stocks’ gains. The S&P/TSX Composite Index fell 0.08 percent to 16,600. Miners were the biggest losers as metal prices declined. Health care stocks were among the best performers, together with [...]

April 29th, 2019 Daily Market Commentary Canadian Headlines When Parq Vancouver, a glimmering waterfront casino, opened amid much to-do in late 2017, few would’ve anticipated that a dirty money crackdown was about to throw the city’s roaring gambling business into turmoil. Vancouver-area casinos for years had been accepting millions of dollars in questionable cash from [...]

April 26th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks slid for a second day as falling energy and copper prices weighed on resource shares and Bombardier Inc. tumbled 15 percent. The S&P/TSX Composite Index lost 0.1 percent to 16,576.10. Materials slid 0.6 percent as copper prices fell to a four-week low amid signs of slowing [...]

April 25th, 2019 Daily Market Commentary   Canadian Headlines The Bank of Canada fully abandoned its bias toward raising interest rates as the economy grapples with a slowdown, bringing its policy in line with the Federal Reserve and other major industrial central banks. Policy makers in Ottawa left their benchmark overnight rate unchanged at 1.75 percent for [...]

April 24th, 2019 Daily Market Commentary   Canadian Headlines Crude’s rally is a boon for Canada’s integrated oil companies, and BMO Capital Markets is urging investors to increase their exposure to cash in on the dividends and buybacks the windfall may bring.“The surge in crude oil prices is creating a cash flow windfall for many [...]

April 23rd, 2019 Daily Market Commentary   Canadian Headlines The Canadian dollar gained broadly as oil prices rose to the highest since late October after the Trump administration sought to limit trading in Iran-sourced crude. The loonie was up against all its G-10 peers, while the U.S. dollar was mixed against the group; the Australian [...]

April 22nd, 2019 Daily Market Commentary   Canadian Headlines Canada’s trove of overseas assets, including airports and roads owned by pension funds, is helping to protect the country’s top credit rating, according to Fitch Ratings. Foreign assets held by Canadians reached C$4.96 billion ($3.71 billion) at the end of 2018, exceeding foreign liabilities by C$528.6 [...]