The Daily

April 4th, 2019 Daily Market Commentary   Canadian Headlines Canada’s bond market is churning out issues backed by increasingly riskier assets -- and yield-starved investors are lapping them up. Recent deals have included debt backed by a variety of assets including mortgages on Hudson’s Bay Co. stores, a junk-rated retailer; consumer loans charging interest rates of as [...]

April 3rd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rebounded from an intraday decline, closing higher for a second day as the benchmark approaches a fresh record. The S&P/TSX Composite Index gained 0.2 percent to 16,263.87, about 300 points below its all-time closing high last July. Consumer staples led the way, rising 1 [...]

April 2nd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks kicked off the second quarter on an upbeat note, gaining the most since mid-February amid a widespread global rally prompted by strong Chinese manufacturing data. The S&P/TSX Composite Index added 0.8 percent to 16,228.06, about 300 points from its record closing high. Consumer discretionary stocks [...]

April 1st, 2019 Daily Market Commentary   Canadian Headlines Pot stocks led Canada’s equity benchmark to its best first quarter since 2000, but strategists are questioning whether the rally has legs after gains slowed in March. The S&P/TSX Composite Index ended the quarter at 16,102.09, up 12 percent since the beginning of the year and just 3 [...]

March 29 2019 Daily Market Commentary   Canadian Headlines BlackBerry Ltd. beat analysts’ estimates for fourth-quarter earnings, boosted by an artificial intelligence acquisition and continued growth in software. Profit in the quarter ended Feb. 28 was 11 cents a share, on an adjusted basis, beating expectations of 6 cents. Sales also topped the average analyst estimate, [...]

March 28, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks dropped Wednesday as pot-sector weakness stole the spotlight. The S&P/TSX Composite Index fell 0.1 percent to 16,132.53. The Horizons Marijuana Life Sciences ETF fell 3.7 percent, most since February 6. Energy stocks also underperformed. Separately, Newmont Mining Corp. announced that Glass, Lewis & Co. has joined [...]

March 27, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gained after a two-day decline as oil rebounded along with equities as pessimism over the global growth outlook eased a little. The S&P/TSX Composite Index advanced almost 0.6 percent to 16,155.16 in Toronto, the most in a week. The industrials and energy sectors gained most, with [...]

March 26, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks extended Friday’s decline, while U.S. stockslost ground too as traders remained on edge after benchmark Treasury yields briefly dropped below 2.4 percent for the first time since December 2017. The S&P/TSX Composite Index fell 0.2 percent to 16,066. Energy stocks lagged while consumer staples and [...]

March 25, 2019 Daily Market Commentary   Canadian Headlines TransAlta Corp. is nearing an agreement that would see Brookfield Asset Management Inc. invest about C$750 million ($559 million) in the power producer and nominate two directors to its board, according to people familiar with the matter. Brookfield could also use the investment to increase its stake in the [...]

March 22, 2019 Daily Market Commentary   Canadian Headlines Quebec plans to balance its budget for a fifth straight year following a record surplus, enabling new Premier Francois Legault to give tax breaks to families, home owners and older workers. Canada’s second-most populous province benefited from a surge in tax revenue and lower borrowing costs that led [...]