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# MacNicolAsset.com

Asset Management Inc., Toronto

## Sitemaps

- [XML Sitemap](https://macnicolasset.com/sitemap.xml): Contains all public & indexable URLs for this website.

## Posts

- [The Weekly Beacon April 17, 2026](https://macnicolasset.com/the-weekly-beacon-april-17-2026/) - Energy, Oil, Iran, Trump, Volatility, Elections, Majority government, Carney, M&A, IPOs, earnings, Wall Street, JPMorgan, Bank of America, Wells Fargo, Space stocks, Elon Musk, SpaceX, Amazon, Apple
- [Iraq, Oil & The ISIS](https://macnicolasset.com/iraq-oil-the-isis/)
- [Alternative Quarterly Commentary - Q2 2026](https://macnicolasset.com/alternative-quarterly-commentary-q2-2026/) - Real estate, private equity, Hedge funds, Exits, Geographic exposure
- [Alternative Quarterly Commentary - Q1 2026](https://macnicolasset.com/alternative-quarterly-commentary-q1-2026/) - Real estate, private equity, Hedge funds, Exits, Geographic exposure
- [The Weekly Beacon – June 19, 2026](https://macnicolasset.com/the-weekly-beacon-june-19-2026/) - SpaceX, IPO, Equity issuance, Capital growth, Gold, Inflation, Interest rates, Semiconductors, South Korea, EVs, Tesla, Rivian, Lucid, Trump, FED
- [The Weekly Beacon – July 17, 2026](https://macnicolasset.com/the-weekly-beacon-july-17-2026/) - IPO market, Equity issuance, AI spending, Data center buildout, Debt issuance, Amazon, Energy, Oil, Energy spending, China, Trump, Peace deal, Manulife, Insurance industry, Earnings
- [Episode 81: Gold, Semis, and the Market Signals - MAAM Weekly Research Meeting ( Cloned )](https://macnicolasset.com/episode-81-gold-semis-and-the-market-signals-maam-weekly-research-meeting-cloned/)
- [MAAM Monthly Market Update August 2026](https://macnicolasset.com/maam-monthly-market-update-august-2026/) - August update: Real estate, logistics real estate, hedge funds, gold mining stocks, leverage in the market, safe harbour fund
- [The Weekly Beacon – August 14, 2026](https://macnicolasset.com/the-weekly-beacon-august-14-2026/) - Private Equity, Sports aquisition, Apollo group, New York Yankees, Franco Nevada, Earnings, Intel, Equity offering, AI spending, Inflation, Geopolitics, FED, Berkshire Hathaway, Greg Abel
- [Episode 80: Overview of the Markets - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-80-canadian-construction-icon/)
- [The Weekly Beacon – August 7, 2026](https://macnicolasset.com/the-weekly-beacon-august-7-2026/) - Gold miners, Gold, Fundamentals, Aecon Group, Industrials, Construction, Earnings, M&A, Alimentation Couche Tard, AI spending, SpaceX, Investing
- [Episode 78: Markets Stuck: Are We Getting "Toppy"? - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-78-markets-stuck-are-we-getting-toppy/)
- [Episode 79: Nasdaq Dorsey Wright Weekly Report](https://macnicolasset.com/episode-79-nasdaq-dorsey-wright-weekly-report/)
- [The Weekly Beacon – July 31, 2026](https://macnicolasset.com/the-weekly-beacon-july-31-2026/) - Energy, Oil, Vessel traffic, Iran, Strait of Hormuz, Yields, AI, Capex, Nvidia, Apple, General Dynamics, Micron, China, Memory chip producers
- [The Weekly Beacon – July 24, 2026](https://macnicolasset.com/the-weekly-beacon-july-24-2026/) - SpaceX, Elon Musk, Interest rates, Inflation, Pipelines, Energy companies, Williams Companies, JPMorgan, Meta Platforms, Jamie Dimon
- [Episode 77: Where Do We Go From Here? - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-77-where-do-we-go-from-here/)
- [The Quarterly - Q2 2026](https://macnicolasset.com/the-quarterly-q2-2026/) - Oil Round-Trips Back to Pre-War Levels, A New Fed Chair, Behavioural Investing: The Comfort and Cost of Cash
- [Episode 76: A Breakout On The Way? - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-76-a-breakout-on-the-way/)
- [Episode 75: Which Way Will The Market Go? - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-75-which-way-will-the-market-go/)
- [The Weekly Beacon – July 10, 2026](https://macnicolasset.com/the-weekly-beacon-july-10-2026/) - IPO market, Equity issuance, AI spending, Data center buildout, Debt issuance, Amazon, Energy, Oil, Energy spending, China, Trump, Peace deal, Manulife, Insurance industry, Earnings
- [MAAM Monthly Market Update July 2026](https://macnicolasset.com/maam-monthly-market-update-july-2026/) - July update: Real estate, multi family real estate, leading indicators, gold, market breath, gold miners, safe harbour fund
- [The Weekly Beacon – July 3, 2026](https://macnicolasset.com/the-weekly-beacon-july-3-2026/) - Bitcoin, Strategy stock, Michael Saylor, M&A, Spin offs, Comcast, Netflix, Valuations, Investor sentiment, Global equities, July 4th, Canada Day, Index inclusion, SpaceX
- [Episode 73: New Fed Chair Debut - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-73-new-fed-chair-debut/)
- [Episode 74: More Volatility?! - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-74-more-volatility/)
- [The Weekly Beacon – June 26, 2026](https://macnicolasset.com/the-weekly-beacon-june-26-2026/) - Hong Kong Index, Technology stocks, Levered AUM, Google stock, UK election, PE ratio, AI trade, Mega caps, ATD stock
- [The Monthly Commentary - June 2026](https://macnicolasset.com/the-monthly-commentary-june-2026/)
- [Episode 72: Pullback Over? - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-72-pullback-over/)
- [The Weekly Beacon – June 12, 2026](https://macnicolasset.com/the-weekly-beacon-june-12-2026/) - SpaceX, IPO market, OpenAI, Anthropic, Elon Musk, Tesla, China, AI trade, AI investment, Nvidia, Bank of America, Inflation, CPI, Kevin Warsh, Energy markets, Oil inventories
- [Episode 71: Markets on EDGE! - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-71-markets-on-edge/)
- [MAAM Monthly Market Update June 2026](https://macnicolasset.com/maam-monthly-market-update-june-2026/) - June Update: Emergence fund, private markets, energy, IPOs, concentration in indices.
- [The Weekly Beacon – June 5, 2026](https://macnicolasset.com/the-weekly-beacon-june-5-2026/) - Alphabet, Hyperscalers, Equity issuance, IPO market, Anthropic, SpaceX, Record IPOs, HPE earnings, Increased demand, AI trade, Berkshire Hathaway, GOOG stock
- [Episode 70: Markets Moving Higher - MAAM Weekly Research Meeting](https://macnicolasset.com/episode-70-markets-moving-higher-maam-weekly-research-meeting/)
- [The Weekly Beacon – May 29, 2026](https://macnicolasset.com/the-weekly-beacon-may-29-2026/) - Oil, Interest rates, Inflation, Iran, Trump, IPO market, SpaceX, Space stocks, EV stocks, Pipeline stocks, Energy stocks, Silver prices, Real estate, ETF market
- [The mainstreaming of private markets is creating a worrying illusion](https://macnicolasset.com/the-mainstreaming-of-private-markets-is-creating-a-worrying-illusion/)
- [Episode 69: Markets Take a Breather -  MAAM Weekly Research Meeting](https://macnicolasset.com/episode-69-markets-take-a-breather/)
- [The Weekly Beacon – May 22, 2026](https://macnicolasset.com/the-weekly-beacon-may-22-2026/) - Markets will enter the week of May 25th with investors focused heavily on whether the AI-driven rally can continue following NVIDIA's earnings report, and the market's reaction to it.
- [The Monthly Commentary - May 2026](https://macnicolasset.com/the-monthly-commentary-may-2026/)
- [The Monthly Commentary - February 2026](https://macnicolasset.com/the-monthly-marketcommentary-february-2026/) - Markets, Conflict, War, Risk in markets, Safe Harbour fund, goEasy, Loan losses, Stock crashes, Bad loans, Energy prices, war, market performance in war,
- [Episode 68: Protecting Wealth in Uncertain Markets](https://macnicolasset.com/protecting-wealth-in-uncertain-markets/)
- [MAAM Announces 11x Exit from LearnWell Academic and Mental Wellness Services](https://macnicolasset.com/macnicol-announces-exit-from-learnwell-academic-and-mental-wellness-services/)
- [Episode 67: Market At Extremes – MAAM Weekly Research Meeting](https://macnicolasset.com/episode-67-market-at-extremes/)
- [The Weekly Beacon May 15, 2026](https://macnicolasset.com/the-weekly-beacon-may-15-2026/) - University of Michigan Endowment, OpenAI, Long term investing, Private credit, KKR, Apollo, Investor fund redemption, Semiconductors, Nvidia, AMD, IPOs, Cerebras, Rare Earth stocks, China, Trump, Xi, Iran, Gold, Gold miners, Central Banks
- [Episode 66: Full Steam Ahead? MAAM Weekly Research Meeting](https://macnicolasset.com/episode-66-full-steam-ahead/)
- [The Weekly Beacon May 8, 2026](https://macnicolasset.com/the-weekly-beacon-may-8-2026/) - Energy stocks, Strait of Hormuz, Recessions, Earnings, Marriott International, Meme stocks, GameStop, eBay, Oil prices, Industrial, Eaton Corp, AI deals, Government spending, Nvidia
- [MAAM Monthly Market Update May 2026](https://macnicolasset.com/maam-monthly-market-update-may-2026/) - May Update: Value vs Growth, Markets, Hedge Funds, Earnings, Operating margins
- [From David's Desk - May 2026](https://macnicolasset.com/from-davids-desk-may-2026/)
- [Episode 65: New Risks Emerging? MAAM Weekly Research Meeting](https://macnicolasset.com/episode-65-new-risks-emerging-maam-weekly-research-meeting/)
- [Episode 63: New All Time Highs; What Next? MAAM Weekly Research Meeting](https://macnicolasset.com/episode-63-new-all-time-highs-what-next/)
- [The Weekly Beacon May 1, 2026](https://macnicolasset.com/the-weekly-beacon-may-1-2026/) - Canada, Sovereign wealth fund, Gold, Government deficit, Energy stocks, Canadian energy, Oil and gas demand, Shell, Arc Resources, OPEC, UAE, Global oil demand, Iran, OpenAI, Microsoft, AI, Nvidia
- [Episode 62: Can We Believe The Bounce? MAAM Weekly Research Meeting](https://macnicolasset.com/episode-62-can-we-believe-the-bounce-maam-weekly-research-meeting/) - As the markets appear to have rebounded, we take a broader look this week to see what is driving recent market action. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 61: Mixed Market Signals? MAAM Weekly Research Meeting](https://macnicolasset.com/episode-61-mixed-market-signals/) - As the markets appear to have stabilized, we take a broader look this week to see what is driving recent market action. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 60: What Comes Next? MAAM Research Meeting](https://macnicolasset.com/episode-60-what-comes-next-maam-research-meeting/) - As the market pullback continues, we take a broader look this week to see what is driving the sell-off, and what could stop it. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 59: Markets On Edge: MAAM Weekly Research Meeting](https://macnicolasset.com/episode-59-markets-on-edge-maam-weekly-research-meeting/) - With more weakness in the market over the past week, we take a look at the technicals and fundamentals that are giving market signals right now. We look to see what is driving stocks, bonds, commodities and more. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 58: Omai Gold CEO Sits Down With Fund Manager to Talk GOLD!](https://macnicolasset.com/episode-58-omai-gold-ceo-sits-down-with-fund-manager-to-talk-gold/) - In this insightful interview, Elaine Ellingham, CEO of Omai Gold Mines, shares her extensive experience in exploration geology, the company's promising projects in Guyana, and the evolving landscape of gold investment. Discover key insights into mineral exploration, project development, and the strategic outlook for gold in a rising market.
- [Episode 57: Get Ready For What's Next: MAAM Weekly Research Meeting](https://macnicolasset.com/episode-57-get-ready-for-whats-next/) - As the market pulls back, we take a look under the hood this week to see what is driving stocks, bonds, commodities and more. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 56: The Next Phase of the Market: MAAM Weekly Research Meeting](https://macnicolasset.com/episode-56-the-next-phase-of-the-market/) - This comprehensive meeting covers asset management updates, market analysis, energy, commodities, outlook, and macroeconomic insights. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 55: This Is Where The Market Goes Next: MAAM Research Meeting](https://macnicolasset.com/episode-55-this-is-where-the-market-goes-next-maam-research-meeting/) - This comprehensive meeting covers asset management updates, market analysis, energy, commodities, outlook, and macroeconomic insights. Our experts provide key insights into the market and perspectives on current investment strategies. We also took a look at the continued volatility in crypto.
- [Episode 54: Markets Can't Make Up Their Mind: MAAM Research Meeting](https://macnicolasset.com/episode-54-markets-cant-make-up-their-mind/) - This week the team takes a comprehensive look during our research meeting to cover market analysis, sector rotations, macroeconomic indicators, and investment strategies, providing valuable insights for investors navigating 2026's financial landscape. We talk gold, silver, platinum, crypto (bitcoin, ether) and much more.
- [Episode 53: TenX Protocol's Mat Cybula on What's Next for The World of Crypto](https://macnicolasset.com/episode-53-tenx-protocols-mat-cybula-on-whats-next-for-the-world-of-crypto/) - In this podcast episode, Joe Pochodyniak from MacNicol & Associates interviews Mat Cybula from 10X Protocols, discussing the Emergence Fund's focus on technology and alternative investments, particularly in the crypto space. They explore the evolution of crypto wallets, the impact of political climates on the industry, market volatility, and the integration of AI with blockchain technology. The conversation also delves into staking and validator operations, as well as global perspectives on crypto adoption.
- [Episode 49: Should You Believe The Bounce? A Look At Markets After This Week's Sell-Off (And Recovery)](https://macnicolasset.com/episode-49-should-you-believe-the-bounce-a-look-at-markets-after-this-weeks-sell-off/) - In this week's weekly investment research meeting, the team reviews the stellar performance of our alternative assets, including a 10x exit announcement by Alt PM Joseph Pochodyniak. Additional topics include crypto and the massive bitcoin sell-off, commodities, rates, and other areas.
- [Episode 48: Market Resilience A Mask? What Gold Is Telling Investors Right Now](https://macnicolasset.com/episode-48-market-resilience-a-mask-what-gold-is-telling-investors-right-now/) - In this week's weekly investment research meeting, the team reviews the stellar performance of the alternative assets, asks if its time for gold and silver to take a breather, and looks at some interesting opportunities on the horizon. Additional topics include crypto and bitcoin, commodities, emerging market opportunities, and where the team sees asymmetric opportunities – and vulnerabilities developing.
- [The Monthly - June, 2016](https://macnicolasset.com/the-monthly-june-2016/)
- [Episode 64: Connor Investments Fireside Chat](https://macnicolasset.com/episode-64-connor-investments-fireside-chat/)
- [The Weekly Beacon April 24, 2026](https://macnicolasset.com/the-weekly-beacon-april-24-2026/) - Earnings, Private credit, Bank exposure to private credit, earnings, Wall Street, Energy, Iran, Geopolitics, Haliburton, AI stocks, HPE stock, Vertiv Holdings, FED, Kevin Warsh
- [The Quarterly - Q1 2026](https://macnicolasset.com/the-quarterly-q1-2026/) - Markets, Investing, Geopolitics, risks, Iran, Commodities, Oil, Energy
- [Interim Market Report - Middle East Conflict](https://macnicolasset.com/interim-market-report-middle-east-conflict/)
- [The Weekly Beacon April 10, 2026](https://macnicolasset.com/the-weekly-beacon-april-10-2026/) - Energy, Oil, Chemicals, Transports, Strait of Hormuz, Iran, Trump, Earnings, Airlines, Delta stock, Jamie Dimon, JPMorgan Chase, Private Credit, Japanese Yen
- [The Weekly Beacon April 3, 2026](https://macnicolasset.com/the-weekly-beacon-april-3-2026/) - Iran, Oil, Trump, Energy, Private Credit, Private Equity, Exits, Dividend Recaps, AI stocks, Circularity, Amazon, OpenAI, goEasy, Canadian lenders, Chinese assets, Chinese real estate
- [The Weekly Beacon March 27, 2026](https://macnicolasset.com/the-weekly-beacon-march-27-2026/) - Gold, Iran conflict, Energy, Vertiv Holdings, Oil flow, Trump, Private credit, Open AI, Financial stocks, Loan losses, Private market asset managers
- [Clash of the Titans](https://macnicolasset.com/clash-of-the-titans/)
- [Alternative Asset Webinar: September 28th, 2017](https://macnicolasset.com/alternative-asset-webinar-september-28th-2017/) - At MacNicol & Associates Asset Management we believe the factor that sets us apart from the competition is our Alternative Asset Platform. Listen and watch as Joseph Pochodyniak & Jordan Rosenberg explain the how and why this Trust was created. Both speakers also explore new investment strategies and recent performance.
- [November 2017 Lunch & Learn Webinar](https://macnicolasset.com/lunch-learn-with-ross-healy-joseph-pochodyniak/) - Listen in as our guests Ross Healy & Joseph Pochodyniak discuss a range of topics including the Liberal Government's proposed tax changes of private corporations. Both speakers answer the questions, what were the quality of the earnings reports recently released by a number of S&P500 companies, and how much of the run up in stock prices can
- [Alternative Debt Fund Webinar](https://macnicolasset.com/alternative-debt-fund-webinar-with-david-macnicol-joseph-pochodyniak/) - MacNicol & Associates is proud to announce the launch or our Alternative Debt Fund. Listen in as both David MacNicol & Joseph Pochodyniak explain the structure of the fund and why it was created. Learn how the asset classes included in the fund can benefit a portfolio for clients and advisors alike.
- [The Integris Personal Pension Plan Webinar](https://macnicolasset.com/the-integris-personal-pension-plan-information-webinar/) - MacNicol & Associates Asset Management Inc. & Integris were proud to host the Personal Pension Plan Information Webinar. Listen to the recording from our event to see how a PPP can benefit business owners and their portfolios. To learn more about PPPs, click here for frequently asked questions.
- [The Weekly Beacon March 20, 2026](https://macnicolasset.com/the-weekly-beacon-march-20-2026/) - Iran conflict, Energy, Oil flow, Trump, Private credit, Financial stocks, Loan losses, Private market asset managers, Gold miners, Franco Nevada stock
- [Friend or Foe?](https://macnicolasset.com/from-friend-to-enemy/)
- [The Weekly Beacon March 13, 2026](https://macnicolasset.com/the-weekly-beacon-march-13-2026/) - Economy, 401ks, Consumer balance sheets, Gold, GLD flows, Energy, Oil prices, Iran conflict, Energy transports, Private equity, Ontario Teachers Pension Plan, Pension performance
- [From David's Desk - February 2026](https://macnicolasset.com/from-davids-desk-february-2026/)
- [Pipeline or Pipe-Dream?](https://macnicolasset.com/pipeline-or-pipe-dream/)
- [telMAX Fibre Internet: Connecting Communities](https://macnicolasset.com/telmax-fibre-internet-connecting-communities/)
- [Time Management Strategies for Financial Planners](https://macnicolasset.com/time-management-strategies-for-financial-planners/) - Time is the ultimate equalizer—everyone gets the same 8,736 hours a year. Yet, for financial planners juggling complex responsibilities like client meetings, market analysis, strategic planning, portfolio assessment, and more, it can often feel like there are never enough hours in the day.
- [MAAM Monthly Market Update March 2026](https://macnicolasset.com/maam-monthly-market-update-march-2026/) - March Update: Energy, Oil, Iran, Private Equity, Safe Harbour Fund
- [The Weekly Beacon March 6, 2026](https://macnicolasset.com/the-weekly-beacon-march-6-2026/) - Iran, Energy, Oil prices, Geopolitics, Private credit, Apollo, Blackstone, Blue Owl, Volatility, Fund inflows, AI stocks, Hyperscalers, Capex spending, Apple stock
- [Successful Exit from LearnWell Following Goldman Sachs Alternatives Investment](https://macnicolasset.com/successful-exit-from-learnwell-following-goldman-sachs-alternatives-investment/) - FOR IMMEDIATE RELEASE MacNicol & Associates Asset Management Announces Successful Exit from LearnWell Following Goldman Sachs Alternatives Investment Toronto-based boutique firm realizes 11.3x return on 2018 equity co-investment, demonstrating how the investment community can drive meaningful social impact TORONTO, Ontario — February 2026 — MacNicol & Associates Asset Management (MAAM), a Toronto-based boutique asset management firm
- [Monthly Market Update – Issue 05 - October 31, 2023](https://macnicolasset.com/monthly-market-update-issue-5/) - In this issue: News about the improved performance of long-term yields, Evergrande still in the headlines, and rumors of stagflation.
- [Monthly Market Update – Issue 06 - November 30, 2023](https://macnicolasset.com/monthly-market-update-issue-6/) - In this issue: Headed by John Foresi, the MacNicol & Associates Alternative Asset Trust Fund has invested in Venterra, and we couldn’t be more pleased with this partnership.
- [Monthly Market Update – Issue 09 - February 28, 2024](https://macnicolasset.com/monthly-market-update-issue-9/) - This March 2024 Monthly Market Update analysis delves into real estate capital markets, primarily concentrating on financing issues. Read more.
- [Ukraine and Russia Revisited](https://macnicolasset.com/ukraine-and-russia-revistied/)
- [The Weekly Beacon February 27, 2026](https://macnicolasset.com/the-weekly-beacon-february-27-2026/) - Gold, Central Bank purchasing of precious metals, RRSPs, Hardware stocks, software stocks, Warner Bros Discovery, Netflix, Paramount, Berkshire Hathaway, Tariffs, Trump
- [The 2 Minute News Cycle](https://macnicolasset.com/the-2-minute-news-cycle/) - Hello and welcome back! We hope you all enjoyed your quasi-long weekend. It is now back to reality, our brief blogging hiatus is officially over. Last week, our attention was drawn to the opening of a new, innovative, all-sports website. Its not just the website itself that was so intriguing. We were drawn by several
- [MacNicol in the News](https://macnicolasset.com/macnicol-in-the-news/) - This is an exciting day for MacNicol and Associates. Dave’s investment expertise is on display in an article published by the Financial Post’s Jonathan Ratner. Download the article here Dave outlines some overall market trends and his personal prospective for the summer. The piece also includes some of his Buy & Sell recommendations. Be sure
- [How Conservative Inferioirity Became a Liberal Majority](https://macnicolasset.com/how-conservative-inferioirity-became-a-liberal-majority/) - Thursday night, Ontario voters took to the polls to elect a new Provincial legislature. To the surprise of many, Kathleen Wynne and her Liberal party emerged victorious with a strong majority at Queens Park. While Wynne had frequently topped the polls during the 40-day campaign, few had predicted that any party would form a majority
- [Bezos Getting Bold](https://macnicolasset.com/bezos-getting-bold/)
- [The Economics of LeBron's Homecoming](https://macnicolasset.com/the-economics-of-lebrons-homecoming/)
- [Dodd-Frank and Wall Street Reform](https://macnicolasset.com/dodd-frank-and-wall-street-reform/)
- [The Global Urban Migration](https://macnicolasset.com/the-global-urban-migration/)
- [Toronto, Urbanization and the Future](https://macnicolasset.com/toronto-urbanization-and-the-future/) - 542 000. In downtown Toronto, the average Condo costs approximately $400 000, while the average single family home checks in at about $965 000.One effect of urbanization will be to exacerbate this contrast between urban and suburban home prices. A recent report by TD bank showed that new housing prices in the GTA are going
- [The Monthly - December 2014](https://macnicolasset.com/the-monthly-december-2014/) - Monthly Commentary - December 2014 : Please click here for a PDF version. December 2014
- [Rich Man, Poor Man](https://macnicolasset.com/how-to-make-money-as-an-average-investor/) - Rich Man, Poor Man - How to Make Money as an 'Average' Investor The online sphere of financial literature and advice columns is littered with advice as to how to profit off of the stock market as an individual investor; many of these are, in our opinion, either dishonest, over-complicated, or both. In order to
- [Dr. Woody Brock Webinar: October 4th, 2017](https://macnicolasset.com/dr-woody-brock-webinar-october-4th-2017/) - MacNicol was honoured to host renowned economist and author Dr. Woody Brock for our October webinar. A graduate from both Harvard and Princeton University, Dr. Brock explores a number of subjects including factors in the US economy pointing to the next recession, and the truth about the IT revolution.
- [Woody Brock Presentation October 26, 2016](https://macnicolasset.com/woody-brock-presentation-october-26-2016/) - Woody Brock Presentation Oct. 26th 2016 from David MacNicol on Vimeo. “People want change” Yesterday (Wednesday, October 26th, 2016), economist Woody Brock came by the MacNicol & Associates office to discuss numerous topics relating to both Macro & Micro economics. Near the end of the discussion we were able to get some insight on his
- [The Monthly - November, 2016](https://macnicolasset.com/the-monthly-november-2016-2/) - November 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it
- [April 2017 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-april-13-2017/) - **Please click here to read Marius Alexe's Bio
- [Rosedale Event- Client Presentation](https://macnicolasset.com/rosedale-event-client-presentation/) - Rosedale Event- Client Presentation from David MacNicol on Vimeo.
- [Rosedale Event- Advisor Presentation](https://macnicolasset.com/rosedale-event-advisor-presentation-from-david-macnicol-on-vimeo/) - Rosedale Event- Advisor Presentation from David MacNicol on Vimeo.#t1m10s
- [The Daily -March 11, 2019](https://macnicolasset.com/the-daily-march-11-2019/) - March 11, 2019 Daily Market Commentary Bloomberg - Meet SNC, the Company That Trudeau’s Risking His Career to Save. SNC-Lavalin Group Inc. has had more than its share of woes lately. The company faces charges for bribery in Libya, posted two profit warnings for troubles in Chile and Saudi Arabia, and has lost almost half
- [Whatever it takes, Whenever it takes it](https://macnicolasset.com/ecb-opinion/) - Whatever it takes, Whenever it takes it An Opinion piece by Joseph Pochdyniak, CFA: June and July are traditionally sleeper months on Bay and Wall Street with most analyst and portfolio managers taking time off to visit with friends and family, and most clients going away for vacations of their own. While the MacNicol team
- [MAAM Food Security Webinar](https://macnicolasset.com/maam-food-security-webinar/) - Date: August 24, 2022 MacNicol & Associates hosted Jason Aitken, President of Qu'Appelle Beef, Canada's first craft beef brand, dedicated to care and attention with manageable herds. Qu'Appelle Beef are Canadian, they are independent and only do beef. Jason gave us a background on himself, an update on Qu'Appelle Beef, an update on the beef
- [The Monthly Commentary - January 2026](https://macnicolasset.com/the-monthly-commentary-february-2026/) - RRSP, Behavioral investing, Silver, EVs, Precious metals, Investing
- [Episode 42: December Monthly Market Update](https://macnicolasset.com/episode-42-december-monthly-market-update/) - This conversation provides a comprehensive update on various financial topics, including the performance of a retail asset in Jacksonville, insights into public markets, currency trends, gold market analysis, and the implications of AI investments. The speakers discuss the current state of the economy, market fluctuations, and the potential future of technology investments, emphasizing the importance of tangible returns in the face of rising expenditures.
- [Episode 41: The AI Trade - Risks & Rewards](https://macnicolasset.com/episode-41-the-ai-trade-risks-rewards/) - The conversation covers a comprehensive overview of the current market landscape, focusing on asset class performance, particularly in light of Nvidia's recent earnings report. The discussion delves into economic indicators, central bank policies, and the impact of technology and AI on market trends. The speakers also explore future investment strategies and the potential implications of current market dynamics.
- [Episode 40: The Future of Alternative Assets: Music Royalties](https://macnicolasset.com/episode-40-the-future-of-alternative-assets-music-royalties/) - In this podcast episode, Michael Baker from ICM Asset Management discusses the intriguing world of alternative assets, focusing specifically on music royalties. He explains the evolution of the music industry, the financial mechanics behind music royalties, and how they serve as a resilient investment strategy. The conversation delves into the importance of diversification in artist catalogs, the impact of streaming on revenue, and the legal frameworks that govern music licensing. Baker emphasizes the unique characteristics of music royalties as an asset class, including their stability and independence from traditional economic cycles.
- [Episode 39: Talmax Surge, Tech Divergence & the Global Market Outlook](https://macnicolasset.com/episode-39-talmax-surge-tech-divergence-the-global-market-outlook/) - The conversation covers various aspects of market performance, focusing on Talmax’s sales updates, market penetration, economic indicators, and sector performance. It discusses the implications of earnings reports, valuation trends, and the divergence in the tech sector. Insights into the gold and commodity markets, as well as the current state of the crypto market, are also provided, highlighting investment opportunities and potential risks.
- [Episode 32: Navigating Market Valuation Challenges](https://macnicolasset.com/episode-32-navigating-market-valuation-challenges/) - The conversation delves into the current state of the stock market, emphasizing the disconnect between market valuations and fundamental economic indicators. It discusses the influence of supply and demand dynamics, particularly the role of retail investors, and highlights the importance of secular trends in investment strategies. The risks of inflation and its potential impact on the economy are explored, alongside sector-specific analyses and predictions for future market behavior. The discussion concludes with insights on gold and debt as significant factors in the current financial landscape.
- [Episode 30: Update Market Trends and Economic Indicators](https://macnicolasset.com/episode-30-update-market-trends-and-economic-indicators/) - This conversation provides a comprehensive overview of the current state of commercial real estate, market trends, and economic indicators. It discusses the performance of small caps, technical analysis of major indices, and insights into emerging markets and commodities. The discussion also covers the dynamics between the Canadian and US dollar, the implications of national debt and deficits, and investment strategies moving forward.
- [Episode 29: From Lava Life to Venture Capital: Bruce Croxon's Journey](https://macnicolasset.com/episode-29-bruce-croxons-journey/) - In this podcast episode, Bruce Croxon shares his entrepreneurial journey, starting with the creation of Lava Life, a pioneering online dating service. He discusses the evolution of technology and how it has changed the landscape for scaling companies today compared to the past. Bruce reflects on the sale of Lava Life, the challenges of fundraising in Canada, and the impact of economic cycles on private equity. He also explores current opportunities in artificial intelligence and blockchain technology, while addressing the effects of tariffs and institutional selling on market liquidity.
- [Episode 17: Market Timing, Risk Factors and Looking Forward](https://macnicolasset.com/episode-17-market-timing-risk-factors-and-looking-forward/) - This conversation provides a comprehensive update on market performance in 2024, discussing key economic factors, risk assessments, and investment strategies. The speakers analyze market valuations, speculation trends, insider trading behaviors, and the implications of inflation on future investments, particularly in gold and silver. They emphasize the importance of stock selection amidst a growing trend towards passive investing and highlight the potential challenges posed by global conflicts and economic uncertainties.
- [MAAM Monthly Market Update February 2026](https://macnicolasset.com/maam-monthly-market-update-february-2026/) - Private equity exit, Gold, Silver, Canadian equities, Bitcoin
- [The Weekly Beacon February 20, 2026](https://macnicolasset.com/the-weekly-beacon-february-20-2026/) - RRSP deadline, Nvidia, small caps, large caps, Software, AI disruption, Data center energy, Natural gas, EQT, Sentiment, Valuations, K-shaped economy, China, EV market, European cars,
- [Cairn Merchant Partners LP successfully exits investment in Integracare](https://macnicolasset.com/cairn-merchant-partners-lp-successfully-exits-investment-in-integracare/) - FOR IMMEDIATE RELEASE MacNicol & Associates Asset Management sponsor Cairn Merchant Partners LP successfully exits investment in Integracare following acquisition by Frontline Healthcare Partners TORONTO, Feb. 18, 2026 – MacNicol & Associates Asset Management Inc. ("MacNicol") is pleased to announce the successful exit of its investment in Integracare Inc. ("Integracare"), a leading private-pay home care
- [Episode 50: Market Volatility Rising: MAAM Research Roundtable](https://macnicolasset.com/episode-50-market-volatility-rising-maam-research-roundtable/)
- [Episode 52: What Happens Next For Gold? A Deep Dive Into Precious Metals](https://macnicolasset.com/episode-52-what-happens-next-for-gold-a-deep-dive-into-precious-metals/)
- [Episode 51: Where Does The Market Go From Here? Stock Trader's Almanac's Jeff Hirsch Joins David MacNicol](https://macnicolasset.com/episode-51-where-does-the-market-go-from-here-stock-traders-almanacs-jeff-hirsch-joins-david-macnicol/)
- [The Weekly Beacon February 13, 2026](https://macnicolasset.com/the-weekly-beacon-february-13-2026/) - Jobs market, Weakness in jobs, FED Chairman, Interest rates, Nuclear energy, Power generation, Renewable energy, Alphabet stock, Hyperscalers, Debt issuance, AI capex spending, Japan election, Japanese markets
- [The Weekly Beacon February 6, 2025](https://macnicolasset.com/the-weekly-beacon-february-6-2025/) - Private equity, fund raising, Software stocks, AI disruption, AES stock, utility providers, Power generation stocks, BlackRock infrastructure, SpaceX, xAI, IPO, OpenAI, AI platforms, FED, Kevin Warsh, Trump, Silver, Gold
- [Frontline Healthcare Partners Announces Acquisition of Integracare Inc.](https://macnicolasset.com/frontline-healthcare-partners-announces-acquisition-of-integracare-inc/)
- [From David's Desk - January 2026](https://macnicolasset.com/from-davids-desk-january-2026/) - As we begin a new year, I wanted to introduce a new way of communicating about the firm. Introducing 'From David’s Desk'.
- [The Weekly Beacon January 30, 2026](https://macnicolasset.com/the-weekly-beacon-january-302026/) - FED, Interest rates, Bank of Canada, FED Chair, Trump, Reider BlackRock, India, EU, Trade deals, Emerging markets, General Dynamics, earnings, Defense stocks. Nvidia, CoreWeave, AI
- [Episode 47: Risk Is Being Underpriced: Markets, Risk Assets, and What We're Watching Now](https://macnicolasset.com/episode-46-investment-strategies-and-market-analysis-a-deep-dive-2/)
- [Alternative Quarterly Commentary - Q4, 2025](https://macnicolasset.com/alternative-quarterly-commentary-q4-2025/) - Real estate, private equity, Hedge funds, emerging markets, IPOs, Industrial real estate, Land banking, Alternative debt fund
- [The Weekly Beacon January 23, 2026](https://macnicolasset.com/the-weekly-beacon-january-23-2026/) - Tariffs, Global trade, EU, Greenland, Golden dome, Micron, AI chips, M&A, Netflix, Earnings season, Nuclear energy, Uranium, SPUT, Nuclear reactors
- [Episode 46: Investment Strategies and Market Analysis: A Deep Dive](https://macnicolasset.com/episode-46-investment-strategies-and-market-analysis-a-deep-dive/)
- [The Weekly Beacon January 16, 2026](https://macnicolasset.com/the-weekly-beacon-january-16-2026/) - China trade, Global trade surplus', Inflation report, CPI, FED Funds Rate, Powell, Trump, Jamie Dimon, JPMorgan Chase, Wall Street earnings, Credit card interest rates, Net interest income for banks
- [Episode 38: Q3 Performance & The Global Investment Landscape: Grata’s Path Forward](https://macnicolasset.com/elder-care-update-and-market-insights-2/)
- [Episode 45: Market Trends and Predictions for 2026](https://macnicolasset.com/episode-45-market-trends-and-predictions-for-2026/)
- [Episode 33: Market Dynamics Unveiled: Insights from the Weekly Research Meeting](https://macnicolasset.com/insights-from-the-weekly-research-meeting/)
- [The Quarterly - Q4 2025](https://macnicolasset.com/the-quarterly-q4-2025/) - 2025 Market Recap, Precious Metals, Equities, US Policy, Stronger Loonie, The Jevons Paradox
- [The Weekly Beacon January 9, 2026](https://macnicolasset.com/the-weekly-beacon-january-9-2026/) - President Trump, Maduro, Venezuela, China, Canada, energy stocks, OPEC, Oil supply, Offshore oil, Venezuela future, Latin America
- [Episode 44: Maximizing Your RRSP for 2026](https://macnicolasset.com/episode-44-maximizing-your-rrsp-for-2026/) - In this podcast, Joseph Pochodyniak discusses various investment strategies and opportunities for 2026, focusing on maximizing RRSP contributions, understanding tax-free savings accounts, and the importance of investing in education through RESPs. He also highlights the significance of timely tax filing and provides an overview of market performance, introducing the Safe Harbor Fund as a risk mitigation strategy for investors.
- [Episode 43: The Future of Smart Living – Insights from Grata](https://macnicolasset.com/episode-43-the-future-of-smart-living-insights-from-grata/)
- [MacNicol Investment Partner – Universa COO Brandon Yarckin on Risk Mitigation](https://macnicolasset.com/macnicol-investment-partner-universa/) - MacNicol Investment Partner – CNBC Interview – July 2024 – Universa COO Brandon Yarckin on Risk Mitigation
- [Opportunities in Gold](https://macnicolasset.com/opportunities-in-gold/) - Ross Healy, chairman, strategic analysis corporation portfolio manager at MacNicol & Associates Asset Management, joins BNN Bloomberg and talks about opportunities in Gold stocks. – The Open for Thursday, October 3rd, 2024
- [Are tech stocks in a bubble?](https://macnicolasset.com/are-tech-stocks-in-a-bubble/) - Ross Healy, chairman of the Strategic Analysis Corporation and portfolio manager at MacNicol & Associates, joins BNN Bloomberg – The Open for Tuesday, August 12, 2024
- [Rate cuts are coming, but Canadian investors should also be eyeing banks and oil](https://macnicolasset.com/rate-cuts-are-coming-but-canadian-investors-should-also-be-eyeing-banks-and-oil-2/) - FP Outlook 2024: Here are the key headwinds, tailwinds and sectors investors should be watching
- [MAAM Monthly Market Update May 2025](https://macnicolasset.com/maam-monthly-market-update-may-2025/) - May Update: Alternatives, Private equity, Telecommunications, Markets, Interest rates, Currencies, Gold, Stability, Gold stocks.
- [MAAM Research Meeting November 13, 2025](https://macnicolasset.com/maam-research-meeting-november-13-2025/) - Alternative assets, Private equity, TelMax, Hyperscalers, Tech stocks
- [MAAM Research Meeting November 20, 2025](https://macnicolasset.com/maam-research-meeting-november-20-2025/) - Alternative assets, 2025 year in review, Hyperscaler stocks, Tech giants, Real estate, Land banking, Charts of the week
- [MAAM Research Meeting November 27, 2025](https://macnicolasset.com/maam-research-meeting-november-27-2025/) - Alternative assets, 2025 year in review, Hyperscaler stocks, Tech giants, Real estate, Land banking, Charts of the week
- [A Smarter Retirement Plan Your Advisor Probably Never Mentioned](https://macnicolasset.com/a-smarter-retirement-plan-your-advisor-probably-never-mentioned/) - Discover how a Personal Pension Plan helps incorporated professionals build tax-efficient, creditor-protected, multi-generational wealth beyond retirement.
- [Why Tax-Aware Planning is Your Key to Attracting New Clients](https://macnicolasset.com/why-tax-aware-planning-is-your-key-to-attracting-new-clients/)
- [The Hidden Implications of Consolidation in Wealth Management](https://macnicolasset.com/the-hidden-implications-of-consolidation-in-wealth-management/) - Discover the hidden risks of wealth management consolidation—how platform priorities can erode client alignment, strategy discretion, and investment outcomes.
- [The Retirement Strategy Outperforming RRSPs for Incorporated Professionals](https://macnicolasset.com/the-retirement-strategy-outperforming-rrsps-for-incorporated-professionals/) - Maximize retirement savings with an Individual Pension Plan. Learn why IPPs offer more contributions, better tax benefits, and stronger long-term growth than RRSPs.
- [PPP Case Study](https://macnicolasset.com/ppp-case-study/)
- [A Smarter Retirement Plan Your Advisor Probably Never Mentioned](https://macnicolasset.com/a-smarter-retirement-plan/)
- [MacNicol & Associates Celebrates Canadian Hedge Fund Industry Awards Recognition](https://macnicolasset.com/macnicol-associates-celebrates-canadian-hedge-fund-industry-awards-recognition/)
- [Why Balanced Portfolios Have Failed And What Can Allocators Do About It?](https://macnicolasset.com/why-balanced-portfolios-have-failed-and-what-can-allocators-do-about-it/)
- [Seminar on Value Investing and the Search for Value – June 23-27, 2025](https://macnicolasset.com/seminar-on-value-investing/) - Dr. George Athanassakos is offering a highly sought-after five-day Seminar on Value Investing and the Search for Value to finance executives, finance professionals, portfolio managers, financial analysts and individual investors seeking knowledge of value creation, valuation and value investing theory and practice.
- [Bull market presents fewer opportunities for tax-loss selling, but here are some ideas](https://macnicolasset.com/tax-loss-selling/)
- [Our Alternative Asset Trust just turned 15 years old](https://macnicolasset.com/our-alternative-asset-trust-just-turned-15-years-old/) - Our Alternative Asset Trust just turned 15 years old — a milestone we’re proud to celebrate. The Trust gives clients access to unique alternative investments not typically available to individual investors. It’s one of the ways we help build tailored portfolios that protect and grow wealth over time. For more information about our alternative investments
- [MacNicol & Associates Highlights Landmark Acquisition by ICM Crescendo Music Royalty Fund](https://macnicolasset.com/landmark-acquisition-by-icm-crescendo-music-royalty-fund/)
- [MAAM Monthly Market Update October 2025](https://macnicolasset.com/maam-monthly-market-update-october-2025/) - October Update: Alternative Investments, Private Equity, SpaceX, Gold Miners, Gold prices, Interest rates, north American equities
- [MAAM Monthly Market Update November 2025](https://macnicolasset.com/maam-monthly-market-update-november-2025/) - November Update: Alternative Investments, Contrarian Capital, Emerging Markets, Energy, Oil Market, Nasdaq-100.
- [Episode 34: The Benefits of Alternative Investments](https://macnicolasset.com/the-benefits-of-alternative-investments/)
- [Episode 36: The Rise of Gold and Commodities: What Investors Need to Know](https://macnicolasset.com/the-rise-of-gold-and-commodities-what-investors-need-to-know/) - In this episode of Lighthouse Outlook, the hosts discuss various market trends, focusing on the performance of high-growth tech stocks, the rise of gold and commodities, and the implications of stablecoins in the financial landscape. They also delve into the challenges facing commercial real estate and the potential for government involvement in mining projects to stimulate the economy. The conversation highlights the interconnectedness of these themes and their impact on investors navigating the current market environment.
- [Episode 35: Investment Trends: From Gold to Tech](https://macnicolasset.com/investment-trends-from-gold-to-tech/)
- [Episode 37: MacNicol Weekly Research | Elder Care Update and Market Insights](https://macnicolasset.com/elder-care-update-and-market-insights/)
- [Alternative Quarterly Commentary - Q2 2025](https://macnicolasset.com/alternative-quarterly-commentary-q2-2025/) - Trade wars, private companies, private real estate, exits in private equity, hedge funds, alternative assets
- [The Quarterly Commentary - Q3 2025](https://macnicolasset.com/the-quarterly-commentary-q3-2025/) - PE ratios, Valuations, Tech Sector, Nvidia, Gold, Concentration risk, Markets, Warren Buffett, Berkshire Hathaway, Buffett Indicator, Investor bias during meltup
- [MAAM Monthly Market Update June 2025](https://macnicolasset.com/maam-monthly-market-update-june-2025/) - Financial Services ETF, Gold US Dollar, Trump, Alternative Investments, Canadian stock market, S&P 500, Central Banks, Private Equity
- [MAAM Monthly Market Update December 2025](https://macnicolasset.com/maam-monthly-market-update-december-2025/) - December Update: Japan interest rates, Yen, AI trade, Oracle, Meta, real estate, Commercial tenants, Markets, Canadian equities, Gold, Currencies
- [Episode 15: Music Royalty Investment Strategies | with Michael Baker](https://macnicolasset.com/music-royalty-investment-strategies/)
- [How CFPs Grow AUM & Elevate Service with Alternative Investments](https://macnicolasset.com/how-cfps-grow-aum-elevate-service-with-alternative-investments/)
- [The Quarterly Commentary - Q2 2025](https://macnicolasset.com/the-quarterly-commentary-q2-2025/) - S&P 500, Nasdaq, Valuations, Price to Earnings ratios, Earnings, Dividends, Bell Stock, Balanced portfolios, Tariffs, Real estate, Fixed mortgage rates, Past repeats the present
- [MAAM Monthly Market Update August 2025](https://macnicolasset.com/maam-monthly-market-update-august-2025/) - August Update: Alternative Investments, Private Equity, Telecommunications, Interest rates, Mortgage rates, FED, Gold, Safe Havens, S&P 500
- [Episode 31: The Dollar Dilemma – Insights from Economist Dr. Woody Brock](https://macnicolasset.com/the-dollar-dilemma/)
- [The Daily - November 4th, 2014](https://macnicolasset.com/the-daily-november-4th-2014/) - November 4th Daily Market Commentary ECONOMIC NEWS International Merchandise Trade in Canada was reported at $0.71B, above estimates of -$0.10B. Imports and Exports in Canada were reported at $44.08B and $44.79B, respectively. Imports were below estimates, while exports were above. The trade balance in the U.S. was reported at -$43.03B, below estimates of -$40B.
- [The Daily - October 31st, 2014](https://macnicolasset.com/the-daily-october-31st-2014/) - October 31st Daily Market Commentary ECONOMIC NEWS Personal Spending in the U.S. was reportedly down 0.2%, below estimates of a 0.1% rise. Personal Income in the U.S. was reportedly up 0.2%, in month-over-month terms, below estimates of 0.3%. The Personal Consumption Expenditure in the U.S. was reportedly up 0.1% and 1.4% in month-over-month and
- [The Daily - September 9th, 2014](https://macnicolasset.com/the-daily-september-9th-2014/) - September 9th Daily Market Commentary ECONOMIC NEWS Housing starts in Canada were reportedly up 192.4K in August, in year-over-year terms, coming in slightly below estimates. The NFIB Business Optimism Index for the U.S. was reported at 96.1, above estimates of 95.9. Industrial Production in Great Britain was reportedly up 0.5% and 1.7% in month-over-month
- [The Daily - September 5th, 2014](https://macnicolasset.com/the-daily-september-5th-2014/) - September 5th Daily Market Commentary ECONOMIC NEWS The Unemployment Rate in Canada was reported at 7%, in line with estimates. The August Net Change in Employment in Canada was registered at -11K. The August participation rate in Canada was reported at 66%, slightly below estimates of 66.1%. Average hourly earnings in the U.S. were
- [The Daily - September 24th, 2014](https://macnicolasset.com/the-daily-september-24th-2014/) - September 24th Daily Market Commentary ECONOMIC NEWS MBA Mortgage Applications in the U.S. were reportedly down 4.1%. A Survey of the Business Climate in Germany resulted in a score of 104.7, below estimates of 105.7. Consumer Confidence in Italy was reported at 102, above estimates of 101.5. Commodities: West Texas Intermediate traded near the
- [The Daily - August 6th 2014](https://macnicolasset.com/the-daily-august-6th-2014/) - August 6th Daily Market Commentary ECONOMIC NEWS Imports and Exports in Canada were reported at $43.34B and $45.20B, respectively. MBA Mortgage Applications in the U.S. were reportedly up 1.6%. Trade Balance in the U.S. was reported at -$41.54B for the month of June. Commodities: West Texas Intermediate rose for a second time in three
- [The Daily - August 20th 2014](https://macnicolasset.com/the-daily-august-20th-2014/) - August 20th Daily Market Commentary ECONOMIC NEWS Wholesale Sales in Canada were reportedly up 0.6% in month-over-month terms, below estimates of 1.3%. MBA Mortgage Applications in the U.S. were reportedly up 1.4%. 2 Bank of England officials, out of 9, voted to hike interest rates. It was expected that all nine would unanimously vote
- [The Daily - August 14th 2014](https://macnicolasset.com/the-daily-august-14th-2014/) - August 14th Daily Market Commentary ECONOMIC NEWS The New Housing Price Index in Canada was reportedly up 0.2% and 1.5% in month-over-month and year-over-year terms, respectively. Initial Jobless Claims in the U.S. were reported at 311K. Continuing Jobless Claims in the U.S. were reported at 2.544M. The Consumer Price Index in the Eurozone was
- [The Daily - July 30th 2014](https://macnicolasset.com/the-daily-july-30th-2014/) - July 30th Daily Market Commentary ECONOMIC NEWS U.S. Q2 GDP was reported at 2%, above estimates of 1.8%. Annualized GDP for the second quarter in the U.S. was reported at 4%, above estimates of 3%. Personal Consumption Expenditures in Q2 in the U.S. were reportedly up 2% in quarter-over-quarter terms, above estimates of 1.9%.
- [The Daily - July 29th 2014](https://macnicolasset.com/the-daily-july-29th-2014/) - July 29th Daily Market Commentary ECONOMIC NEWS The Redbook Index, which measures same-store sales growth in general merchandisers in the U.S., was reportedly down 0.6% and up 3% in month-over-month and year-over-year terms, respectively. The M4 Money Supply in Great Britain was reportedly up 0.1% and down 0.6% in month-over-month and year-over-year terms, respectively.
- [The Daily - July 28th 2014](https://macnicolasset.com/the-daily-july-28th-2014/) - July 28th Daily Market Commentary ECONOMIC NEWS Business Confidence in Italy was reported at 99.7, slightly below estimates of 99.9. Commodities: West Texas Intermediate crude dropped for the fourth time in five days as economic data may signal slowing growth in the U.S., the world’s biggest oil consumer. Brent declined in London. Gold fell
- [The Daily - June 9th 2014](https://macnicolasset.com/the-daily-june-9th-2014/) - June 9th 2014 Daily Market Commentary ECONOMIC NEWS Housing Starts in Canada were reported at 198.3K, above estimates of 185K. A Sentix Survey of investor confidence in the Eurozone was reported at 8.5, below estimates of 13.2. The Consumer Confidence index in Japan was reported at 39.3, above estimates of 37.7. Commodities: West Texas
- [The Daily - June 4th, 2014](https://macnicolasset.com/the-daily-june-4th-2014-2/) - June 4th, 2014 Daily Market Commentary ECONOMIC NEWS Canadian Exports and Imports were reported at $42.83B and $43.36B, respectively. Exports were slightly below estimates, while imports were slightly above. MBA Mortgage Applications in the U.S. were reported at -3.1%. The ADP Employment Change in the U.S. was reported at 179K, below estimates of 210K.
- [The Daily - June 3rd, 2014](https://macnicolasset.com/the-daily-june-3rd-2014/) - June 3rd, 2014 Daily Market Commentary ECONOMIC NEWS The Consumer Price Index in the Eurozone was reportedly up 0.5% in year-over-year terms, slightly below estimates of 0.7%. The Consumer Index Price Core was reportedly up 0.7%. The Unemployment Rate in the Eurozone was reported at 11.7%, slightly below estimates of 11.7%. The Unemployment rate
- [The Daily - June 27th, 2014](https://macnicolasset.com/the-daily-june-27th-2014/) - June 27th, 2014 Daily Market Commentary ECONOMIC NEWS The industrial product price index in Canada was reportedly down 0.5% in month-over-month terms, below estimates of 0%. The Raw material price index in Canada was reportedly down 0.4% in May, below estimates of -0.1%. The Consumer Price Index in Germany was reportedly up 0.3% and
- [The Daily - June 18th, 2014](https://macnicolasset.com/the-daily-june-18th-2014/) - June 18th, 2014 Daily Market Commentary ECONOMIC NEWS MBA mortgage applications in the U.S. were reportedly down 9.2%. The Current Account in the U.S. for the first quarter was reported at -$111.2B. Wholesale Sales in Canada were reportedly up 1.2% in month-over-month terms, above estimates of 0.6%. Construction Output in the Eurozone was reportedly
- [The Monthly - August 2014](https://macnicolasset.com/the-monthly-august-2014/)
- [The Quarterly- Q2 2014](https://macnicolasset.com/quarterly-commentary/)
- [Alternative Trust Q3 Commentary - 2014](https://macnicolasset.com/alternative-trust-q3-commentary-2014/) - Alternative Asset Trust Quarterly Report: September 30, 2014 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships (see Chart 1 below), is invested in private real estate and mortgages, private equity, high
- [Alternative Trust Q2 Commentary - 2014](https://macnicolasset.com/alternative-trust-q2-commentary-2014/) - Alternative Asset Trust Quarterly Report: June 30, 2014 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships (see Chart 1 below), is invested in private real estate and mortgages, private equity, high
- [Episode 28: Investment Strategies in a Shifting Economy](https://macnicolasset.com/investment-strategies-in-a-shifting-economy/)
- [Episode 27: Lessons Learned](https://macnicolasset.com/episode-27-lessons-learned/)
- [MAAM Research Meeting May 22, 2025](https://macnicolasset.com/maam-research-meeting-may-22-2025/) - Alternative assets, Real estate, Supply chain management, Platinum, Crude oil, Argentina
- [MAAM Research Meeting May 15, 2025](https://macnicolasset.com/maam-research-meeting-may-15-2025/) - Alternative assets, Currencies, Market fundamentals, FED, Interest rates.
- [Episode 26: Sector Performance Insights](https://macnicolasset.com/sector-performance-insights/)
- [Episode 12: The Power of Diverse Perspectives | With Tammy Buss](https://macnicolasset.com/episode-12-the-power-of-diverse-perspectives-with-tammy-buss/)
- [Episode 25: The Golden Age of Gold Investments | with John Ing](https://macnicolasset.com/the-golden-age-of-gold-investment/)
- [Why this portfolio manager isn’t a big believer in U.S. tech giants like Facebook and Amazon](https://macnicolasset.com/why-this-portfolio-manager-isnt-a-big-believer-in-u-s-tech-giants-like-facebook-and-amazon/) - Why this portfolio manager isn’t a big believer in U.S. tech giants like Facebook and Amazon _ Financial Post
- [Playing 100 holes in aid of six kids’ charities](https://macnicolasset.com/playing-100-holes-in-aid-of-six-kids-charities/) - Playing 100 holes in aid of six kids’ charities - The Globe and Mail
- [Three top stock picks from MacNicol and Associates’ Ross Healy](https://macnicolasset.com/three-top-stock-picks-from-macnicol-and-associates-ross-healy/) - Three top stock picks from MacNicol and Associates’ Ross Healy - The Globe and Mail
- [Digital apps and gaming top manager’s picks](https://macnicolasset.com/digital-apps-and-gaming-top-managers-picks/) - Digital apps and gaming top manager’s picks _ Financial Post
- [When everything else goes pear-shaped, investors can always count on death and taxes](https://macnicolasset.com/when-everything-else-goes-pear-shaped-investors-can-always-count-on-death-and-taxes/) - When everything else goes pear-shaped, investors can always count on death and taxes _ Financial Post
- [High school dropout has turned Amaya into a gaming and publicly traded powerhouse](https://macnicolasset.com/high-school-dropout-has-turned-amaya-into-a-gaming-and-publicly-traded-powerhouse/) - High school dropout has turned Amaya into a gaming and publicly traded powerhouse _ Financial Post
- [Bifurcated market reminds these fund managers of the dotcom bubble](https://macnicolasset.com/bifurcated-market-reminds-these-fund-managers-of-the-dotcom-bubble/) - Bifurcated market reminds these fund managers of the dotcom bubble _ Financial Post
- [The Quarterly Commentary - Q1 2025](https://macnicolasset.com/the-quarterly-commentary-q1-2025/) - Nasdaq, S&P 500, Bear markets, Automakers, Tariffs, Market risk factors, Cars sold by country, Linamar
- [Episode 24: Phishing: The Anatomy of a Cyber Attack | With Roman Zubrytsky](https://macnicolasset.com/the-anatomy-of-a-cyber-attack/)
- [Episode 23: Executor Choices: Personal vs. Corporate | with Ian Hull](https://macnicolasset.com/executor-choices-personal-vs-corporate-with-ian-hull/)
- [Liberation Day](https://macnicolasset.com/liberation-day/)
- [MAAM Monthly Market Update April 2025](https://macnicolasset.com/maam-monthly-market-update-april-2025/) - April Update: Technical indicators, S&p 500, TSX 60, Markets, Real Estate, Private Equity, Tariffs, U.S. dollar, Inflation expectations.
- [Episode 22: Sector Performance: Insights and Implications](https://macnicolasset.com/episode-22-sector-performance-insights-and-implications/)
- [Capacity Design Framework to Balance Prospecting and Client Serving](https://macnicolasset.com/capacity-design-framework-to-balance-prospecting-and-client-serving/)
- [Episode 16: Update Mastering Tax Management for Investors](https://macnicolasset.com/episode-16-update-mastering-tax-management-for-investors/)
- [Episode 18: Investing in the Exponential Age of Digital Assets](https://macnicolasset.com/episode-18-investing-in-the-exponential-age-of-digital-assets/)
- [Episode 19: The In's and Out's of Registered Accounts](https://macnicolasset.com/episode-19-the-ins-and-outs-of-registered-accounts/)
- [Episode 20: The Role of Trusts in Estate Planning](https://macnicolasset.com/episode-20-the-role-of-trusts-in-estate-planning/)
- [MAAM Research Meeting December 12, 2024](https://macnicolasset.com/maam-research-meeting-december-12-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Telmax, Telecommunications, Small caps, Market fundamentals, Annual performance, Growth vs. value.
- [MAAM Research Meeting January 16, 2025](https://macnicolasset.com/maam-research-meeting-january-16-2025/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, U.S. Dollar, Treasury Yields, Bonds, Earnings across the world, Union Agriculture Group, Agricultural goods.
- [Episode 21: Market Trends in Logistics and E-commerce](https://macnicolasset.com/market-trends-in-logistics-and-e-commerce/)
- [MAAM Monthly Market Update March 2025](https://macnicolasset.com/maam-monthly-market-update-march-2025/) - March Update: Technical indicators, S&p 500, TSX 60, Cold storage investing, Tariffs, Silver ETF, Germany.
- [How to Build a Strong Referral Network](https://macnicolasset.com/how-to-build-a-strong-referral-network/)
- [MAAM Research Meeting February 13, 2025](https://macnicolasset.com/maam-research-meeting-february-13-2025/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Private equity, 424 Capital, Charts of the week, Market fundamentals.
- [MAAM Research Meeting January 31, 2025](https://macnicolasset.com/maam-research-meeting-january-31-2025/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Uranium prices, Hedge funds, Market fundamentals.
- [MAAM Monthly Market Update February 2025](https://macnicolasset.com/maam-monthly-market-update-february-2025/) - February Update: Technical indicators, Nasdaq, Dow Jones, Copper, Gold, Real estate logistics, Bridge Investment group, Downside protection
- [MAAM Research Meeting August 29th 2024](https://macnicolasset.com/maam-research-meeting-august-29th-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Real estate in south Florida, Office real estate, Jurissa Holdings, Private banks, GLD fund, Gold prices, Gold ownership, Oil forecast, Market fundamentals.
- [MAAM Research Meeting November 14, 2024](https://macnicolasset.com/maam-research-meeting-november-14-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Solar Stocks after the election, Nuclear energy, Small caps, Private Equity, Charts of the week.
- [MAAM Research Meeting January 2, 2025](https://macnicolasset.com/maam-research-meeting-january-2-2025/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Private companies, Private Equity, Real vision, market fundamentals.
- [MAAM Monthly Market Update September 2024](https://macnicolasset.com/maam-monthly-market-update-september-2024/) - September Update: Nasdaq 100, TSX 60, Gold prices, Investor sentiment, Canadian equities, Private equity, Private equity funds, Cash flows, market technicals.
- [MAAM Monthly Market Update December 2024](https://macnicolasset.com/maam-monthly-market-update-december-2024/) - December Update: S&P 500, TSX 60, Technical Indicators, Gold, Central Bank Gold Buying, Safe Harbour Fund, Multiplier Capital, Alternative Assets, Private Equity.
- [Episode 14: Brain Un-Drain | With Bruce Croxon](https://macnicolasset.com/brain-un-drain-with-bruce-croxon/)
- [MAAM Research Meeting January 9, 2025](https://macnicolasset.com/maam-research-meeting-january-9-2025/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, U.S. Dollar, Treasury Yields, Bonds, Earnings across the world, Union Agriculture Group, Agricultural goods.
- [How Maximize Your Marketing Efforts for Better ROI](https://macnicolasset.com/how-maximize-your-marketing-efforts-for-better-roi/)
- [MAAM Monthly Market Update January 2025](https://macnicolasset.com/maam-monthly-market-update-january-2025/) - January Update: Technical indicators, Bonds, interest rates, Gold, Currencies, Market forecasts, private Equity, Real Vision, Raoul Pal.
- [Episode 10: Music Royalties | With Michael Baker](https://macnicolasset.com/episode-10-music-royalties-with-michael-baker/)
- [Episode 11: IPP vs PPP | With Matthew Bernard and JP Laporte](https://macnicolasset.com/episode-11-ipp-vs-ppp-with-matthew-bernard-and-jp-laporte/)
- [The Tech Advantage: Using Technology to Strengthen Client Relationships](https://macnicolasset.com/the-tech-advantage-using-technology-to-strengthen-client-relationships/)
- [Episode 13: Navigating Inflation, Leadership, and Global Risks | With Dr. Horace "Woody" Brock](https://macnicolasset.com/inflation-leadership-and-global-risks/)
- [Why, When, and Who to Hire to Grow Your Practice](https://macnicolasset.com/why-when-and-who-to-hire-to-grow-your-practice/)
- [MAAM Research Meeting November 7, 2024](https://macnicolasset.com/maam-research-meeting-november-7-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, ICM Music Royalties Fund, Music Streaming Industry, Charts of the Week, US Dollar Index, Election 2024.
- [MAAM Monthly Market Update November 2024](https://macnicolasset.com/maam-monthly-market-update-november-2024/) - November Update: S&P 500, TSX 60, Technical Indicators, Gold, Bond Prices, Election Results, Alternative Assets, Music Industry, Music Assets.
- [Beyond Transactions: Proven Client Retention Strategies for Financial Planners](https://macnicolasset.com/beyond-transactions-proven-client-retention-strategies-for-financial-planners/)
- [MAAM Research Meeting October 17, 2024](https://macnicolasset.com/maam-research-meeting-october-17-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, iShares US Transportation ETF, Volatility - Extreme Moves, Real Estate Holdings.
- [Advisor Webinar on Pension Solutions and RCAs with JP Laporte](https://macnicolasset.com/integris-webinar-november-2023/) - Jean-Pierre is also a pension lawyer. He has written extensively on pension matters and is often called an expert witness before the House of Commons Standing Committee on Finance. For his work on improving pension legislation in Canada, he was awarded the Queen Elizabeth II Diamond Jubilee medal in October 2012.
- [MAAM Monthly Market Update October 2024](https://macnicolasset.com/maam-monthly-market-update-october-2024/) - October Update: TSX 60, Canadian stocks, China ETF, Global markets, Technical indicators, Private equity, Hedge funds.
- [Episode 1: Alternative Asset Trust Explained – May 21, 2024](https://macnicolasset.com/alternative-asset-trust-explained/) - Joe Pochodyniak and Ken Reid discuss the Alternative Asset Trust and the benefits of investing in alternative assets. They highlight the performance and volatility metrics of the Trust, as well as the liquidity and diversification benefits of alternative investments. They also discuss some of the individual private companies that the Trust invests in, such as Jurissa, Real Vision, Telmax, Grata, Cash Today, Global Solutions Team, Pilot Coffee Roasters, OnCore Golf, and more. They emphasize the importance of long-term focus and the value of partnerships with experienced sponsors in the alternative space. The Trust is accessible to various types of investors and can be included in different types of accounts.
- [Episode 2: Raoul Pal, Real Vision – June 21, 2024](https://macnicolasset.com/raoul-pal-real-vision/) - Raoul shares his background, including his upbringing in England and India, his career in finance, and his decision to start Real Vision. He discusses his research service, Global Macro Investor, and the different ways people can access his work. Raoul also talks about the potential of cryptocurrencies, particularly Solana, and the importance of blockchain technology in revolutionizing various industries. He emphasizes the inclusivity and empowerment that cryptocurrencies offer, as well as the need for caution and due diligence in the space. Raoul also touches on the potential impact of blockchain technology on stock systems and the evolving political landscape around cryptocurrencies. The conversation explores the potential of decentralized infrastructure and its impact on various industries. It discusses the concept of individuals being rewarded for sharing their resources, such as Wi-Fi or mapping data, and how this decentralized model can disrupt traditional systems. The conversation also touches on the privacy concerns in a blockchain world and the role of energy consumption in the growth of cryptocurrencies. It highlights the importance of understanding incentives and the potential for decentralized finance to transform the traditional financial system. The conversation concludes with insights on portfolio allocation, the behavioral changes in investing, and the future of decentralized finance.
- [Episode 3: Dr. Vu Kiet Tran – July 18, 2024](https://macnicolasset.com/dr-vu-kiet-tran/)
- [Episode 4: Connor Investment | Land Banking – July 25, 2024](https://macnicolasset.com/connor-investment-land-banking/)
- [Episode 5: John Ing – August 8, 2024](https://macnicolasset.com/john-ing/)
- [Episode 6: Donor-Advised Funds (Part 1) – Aug 22, 2024](https://macnicolasset.com/meredith-agnew-jolie-elkins/)
- [Episode 8: Donor-Advised Funds (Part 2) – Sep 19, 2024](https://macnicolasset.com/episode-8-donor-advised-funds-part-2-sep-19-2024/)
- [Episode 7: RESP Rundown | With Joe Pochodyniak – September 5, 2024](https://macnicolasset.com/resp-rundown/) - In this podcast episode, Joe Pochodyniak discusses the advantages of Registered Education Savings Plans (RESPs) for saving for a child's education after high school. He explains that RESPs can be used for various types of post-secondary education, including trades programs, colleges, universities, and apprenticeships.
- [Episode 9: Dr. Horace "Woody" Brock – October 3, 2024](https://macnicolasset.com/episode-9-dr-horace-woody-brock/)
- [MAAM Research Meeting September 26, 2024](https://macnicolasset.com/maam-research-meeting-september-26-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Real estate, Florida office space, IP Capital partners, Industrial real estate, Valuations, China, ETFs, Stock picks.
- [Why Balanced Portfolios have failed and what can allocators do about it](https://macnicolasset.com/why-balanced-portfolios-have-failed/)
- [MAAM Research Meeting September 19 2024](https://macnicolasset.com/maam-research-meeting-september-19-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Hedge funds, Hedge fund performance, FED, Interest rates, Inflation, Gold, Commodities.
- [Digital Marketing Strategies to Reach More Clients](https://macnicolasset.com/digital-marketing-strategies-to-reach-more-clients/) - Digital marketing is no longer about just having a presence—it’s about strategically positioning your brand to stand out among other financial planners. High-net-worth clients expect a sophisticated, seamless experience from the first click to the final consultation.
- [Innovative Techniques for Client Acquisition](https://macnicolasset.com/innovative-techniques-for-client-acquisition/) - Despite the growing importance of digital marketing, traditional networking remains a vital part of client acquisition. In fact, 72% of financial planners say that referrals from current clients are their most effective source of new business (Source: Financial Planning Association, 2022).
- [Expanding Your Clientele: Proven Acquisition Strategies for Financial Planners](https://macnicolasset.com/expanding-your-clientele-proven-acquisition-strategies-for-financial-planners/) - With the wealth management market forecasted to reach US$128.90tn globally, in 2024, and financial advisory as a dominant player in this market, with a projected market volume of US$126.10tn; financial planners face increasing competition to secure their share of high-net-worth clients.
- [MAAM Research Meeting August 8th 2024](https://macnicolasset.com/maam-research-meeting-august-8th-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Semiconductors, Long Duration U.S. Treasuries, FED, CME FED Watch Tool, Copper, China, Unemployment rate, Recessions, Sahm rule, VIX spikes, Oil prices, Market fundamentals.
- [MAAM Research Meeting August 22nd 2024](https://macnicolasset.com/maam-research-meeting-august-22nd-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Silver prices, FED, SLV fund, Fear and greed, Cash today.
- [MAAM Research Meeting July 18, 2024](https://macnicolasset.com/maam-research-meeting-july-18-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Kognitiv, Constellation Software, TSX components, Market fundamentals, Small caps, Global equities, Asian equities, FED, Interest rates.
- [MAAM Investor Summit 2024](https://macnicolasset.com/maam-investor-summit-2024/) - MAAM hosted an investor summit recently where they talked with industry experts in the gold sector. The team hosted Frank Caterina of the Royal Canadian Mint, and John Ing of Maison Placements who riveting discussions on why gold assets belong in an investors portfolio.
- [If you're looking for value in North America, you'll find it in Canada: Ross Healy](https://macnicolasset.com/if-youre-looking-for-value-in-north-america-youll-find-it-in-canada-ross-healy/) - Ross Healy, chairman of the Strategic Analysis Corporation and portfolio manager at MacNicol & Associates, joins BNN Bloomberg to talk about his long-term outlook for Canadian stocks.
- [Rate cuts are coming, but Canadian investors should also be eyeing banks and oil](https://macnicolasset.com/rate-cuts-are-coming-but-canadian-investors-should-also-be-eyeing-banks-and-oil/) - FP Outlook 2024: Here are the key headwinds, tailwinds and sectors investors should be watching
- [A Year in Review and Forecasting 2024](https://macnicolasset.com/webinar-december-2023/) - MAAM's investment team hosted a webinar on December 11th, 2023 where they recapped 2023 and gave a forecast for 2024. The team went over the global economy, interest rates, inflation, debt markets, equity markets, and much more. The team gave their top investment picks and recapped a wild year. Joe Pochodyniak also went over the Alternative Asset Trust and what he sees in the private world moving forward.
- [Building Stronger Client Relationships Through Effective Communication](https://macnicolasset.com/building-stronger-client-relationships-through-effective-communication-2024/) - In an industry where change is constant, communication is a key factor in building and maintaining client and financial advisor relationships. It's not just about closing deals; it's about forging genuine connections that inspire loyalty and trust, leading to long-term success.
- [Building Stronger Client Relationships Through Effective Communication](https://macnicolasset.com/building-stronger-client-relationships-through-effective-communication/) - In an industry where change is constant, communication is a key factor in building and maintaining client and financial advisor relationships. It's not just about closing deals; it's about forging genuine connections that inspire loyalty and trust, leading to long-term success.
- [MAAM Monthly Market Update July 2024](https://macnicolasset.com/maam-monthly-market-update-july-2024/) - July Update: Nasdaq 100, TSX 60, Oil prices, Gold seasonality, Nvidia valuation versus Csico in 2000, Office real estate, Vacancy rates, Canadian real estate
- [MAAM Research Meeting May 2, 2024](https://macnicolasset.com/maam-research-meeting-may-2-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Real estate investing, MAC 360 degree realty fund, Charts of the week, Land banking, The FED, Interest rates, mortgage rates, Google Analysis, Market Fundamentals, Marijuana stocks.
- [MAAM Research Meeting July 4 2024](https://macnicolasset.com/maam-research-meeting-july-4-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Oil prices, Gold futures, Nvidia, Cisco analysis, FED Funds rate, Office real estate, Canadian real estate, Charts of the week, Gold stocks.
- [Market Call for Tuesday, July 9, 2024](https://macnicolasset.com/market-call-for-tuesday-july-9-2024/) - Ross Healy, chairman of the Strategic Analysis Corporation and portfolio manager at MacNicol & Associates, joins BNN Bloomberg Market Call for Tuesday, July 9, 2024
- [MAAM Research Meeting June 12 2024](https://macnicolasset.com/maam-research-meeting-june-12-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Consumer spending around the world, Global economics, Historic P/E ratios of equity markets, Small caps versus large caps, Poland, FED, Kognitiv, Private equity, technology companies.
- [MAAM Research Meeting June 6 2024](https://macnicolasset.com/maam-research-meeting-june-6-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, PE exits, Private equity activity, crude oil prices, energy, MAAM Emergence Fund, Market fundamentals, Charts of the week.
- [MAAM Monthly Market Update June 2024](https://macnicolasset.com/maam-monthly-market-update-june-2024/) - June Update: S&P 500, TSX 60, Technical Indicators, Oil prices, The FED, Interest Rates, Emerging markets, EEM ETF, Mexico election, Indian election, Private equity, Leverage.
- [MAAM Research Meeting December 21, 2023](https://macnicolasset.com/maam-research-meeting-december-21-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Rates, Real Estate investing, Rockwood, Charts of the week, U.S. Treasuries, Magnificent 7, Crude oil, Investors exposure to energy.
- [Real Estate with John Foresi Webinar](https://macnicolasset.com/real-estate-with-john-foresi-webinar/) - MacNicol & associates are shareholders in Venterra Realty funds through the MAAM Alternative Asset Trust.
- [MAAM Monthly Market Update January 2024](https://macnicolasset.com/maam-monthly-market-update-january-2024/) - January Update: S&P 500, TSX 60, U.S. 10 year treasuries, Interest rates, Oil prices, Emerging markets, EWW stock, Mexican stocks, Technical indicators, Small caps versus large caps, Music royalty business, alternative assets, Music streaming industry.
- [MAAM Research Meeting January 4, 2024](https://macnicolasset.com/maam-research-meeting-january-4-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternatives, Streaming Industry, Market Fundamentals.
- [MAAM Research Meeting January 18, 2024](https://macnicolasset.com/maam-research-meeting-january-18-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Market Indicators, Bridge Investment Group, Charts of the Week, Economic Update
- [Over viewing Major Market Forecasts for 2024](https://macnicolasset.com/over-viewing-major-market-forecasts-for-2024/) - MAAM's investment team hosted a webinar on January 25th, 2024 and talked about a variety of topics. The team looked at major forecasts by various institutions for the 2024 calender year. the team over-viewed economic data, interest rate forecasts, the FED, North American valuations and earnings, Emerging Markets tail winds, commodity markets, and Alternative assets, specifically looking at tail risk insurance and private equity.
- [RRSP and Other Registered Canadian Accounts Webinar 2024](https://macnicolasset.com/rrsp-and-other-registered-canadian-accounts-webinar-2024/) - MAAM hosted a webinar on Wednesday, February 7th, 2024 where Joe Pochodyniak talked RRSPs, RESPs, TFSAs, FHSAs, and PPPs. Joe talked about new contribution limits, upcoming deadlines, and much more. He also looked over the Alternative Asset Trust and gave some updates on where he sees it going from here.
- [MAAM Research Meeting February 8, 2024](https://macnicolasset.com/maam-research-meeting-february-8-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Telemax, Private Equity, Mexican ETF, Nvidia melt up, Bond market, Mining stocks, Market Fundamentals.
- [MAAM Research Meeting February 22, 2024](https://macnicolasset.com/maam-research-meeting-february-22-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Hedge Fund Investments, Global Macro Investing, Elements Macro, Global Equity Ranks, Country ETF Rankings, Emerging Markets ETF, EEM Stock.
- [MAAM Monthly Market Update March 2024](https://macnicolasset.com/maam-monthly-market-update-march-2024/) - March Update: Nasdaq 100, TSX 60, Technical Indicators, Bullish Percentage, Economic conditions, Financial conditions, Semiconductors, Gold miners, Real estate, Capital market real estate expectations.
- [MAAM Research Meeting March 7, 2024](https://macnicolasset.com/maam-research-meeting-march-7-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Mega cap weightings, Tech stocks, Global equities, Fiscal and Monetary policy, Apple stock, GLD stock, Gold prices, Real estate investments, Real estate trends, Macro trends.
- [March 2024 Webinar: An Economic Discussion with Dr. Woody Brock](https://macnicolasset.com/march-2024-webinar-an-economic-discussion-with-dr-woody-brock/) - MAAM's investment team hosted a webinar on March 28th, 2024 where the team talked to Dr. Woody Brock. Dr. Woody Brock is the President of Strategic Economic Decisions. Dr. Brock is a globally renowned economist and shared his insights on interest rates, inflation, the Canadian dollar, fiscal deficits, and much more. He ended the webinar by answering a few viewer-submitted questions.
- [MAAM Research Meeting March 14, 2024](https://macnicolasset.com/maam-research-meeting-march-14-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Real Estate Investing, Private assets, Sierra Crossroads Asset, Yield Curve, Market Fundamentals, Asset Class Rankings, Value stocks, EEM stock, Emerging markets.
- [MAAM Monthly Market Update April 2024](https://macnicolasset.com/maam-monthly-market-update-april-2024/) - April Update: S&P 500, TSX 60, Technical Indicators, Bullish Percentage, Inflation, Commodities, Canadian equity markets, Private assets, Private lending, alternative assets.
- [MAAM Research Meeting April 25, 2024](https://macnicolasset.com/maam-research-meeting-april-25-2024/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Alternative Investments, Stay at home stocks, Zoom sales, TelMAX, Wireless internet industry, Private Equity, Chart of the week, Market fundamentals.
- [MAAM Monthly Market Update May 2024](https://macnicolasset.com/maam-monthly-market-update-may-2024/) - May Update: Nasdaq 100, TSX 60, Technical Indicators, Bullish Percentage, The FED, Interest Rates, Jerome Powell, Mortgage rates, Real estate investing, Land banking, Private asset classes.
- [MAAM Webinar April 2024 Michael Coolbaugh Macro Investing](https://macnicolasset.com/maam-webinar-april-2024-michael-coolbaugh-macro-investing/) - MAAM hosted a webinar on April 26th, 2024 where they hosted the Founder and Chief Investment Officer of Strom Capital for a discussion on macro hedge funds, investing in today's markets, and much more. Michael Coolbaugh runs and founded Strom Capital which is located in Virginia. Strom Capital is a component of the Alternative Asset Trust through the Absolute Return Fund.
- [MAAM Research Meeting October 5, 2023](https://macnicolasset.com/maam-research-meeting-september-14-2023-2/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Hedge Funds, Contrarian Capital, Emerging Markets, Distressed Debt, Interest Rate Expectations, Housing Affordability, US Dollar, Currencies.
- [MacNicol Emergence Fund Press Release – May 2024](https://macnicolasset.com/macnicol-emergence-fund-press-release-may-2024/) - MacNicol & Associates Asset Management is pleased to announce a transaction exit through its private equity fund, the MacNicol Emergence Fund.
- [Monthly Market Update – Issue 08 - January 28, 2024](https://macnicolasset.com/monthly-market-update-issue-8/) - Read the trends & performance in alternative asset trust fund with our January monthly market update 2024. Stay ahead in investment strategies.
- [The Daily - January 9, 2024](https://macnicolasset.com/the-daily-january-9-2024/) - Bitcoin traded just below the $47,000 mark on Tuesday, as investors await a decision from regulators on whether to approve the US’s first exchange-traded fund tied directly to the token. The world’s largest cryptocurrency briefly swung above $47,000 late on Monday boosted by excitement over several filings revealing what potential ETF issuers planned to charge in fees for the products, should they gain the green light. Bitcoin hovered around $46,643 at 7:00 a.m. in New York, a decline of roughly 1% in the last 24 hours. The US Securities and Exchange Commission is expected to make a decision on some Bitcoin ETF applications by Wednesday, with spectators anticipating a slew of rulings to avoid awarding a first-mover advantage. Bitwise emerged from the pack on Monday as offering the cheapest fee for its planned ETF at 0.24% after an introductory no-fee period, while Grayscale’s planned Bitcoin Trust was the most expensive at 1.5%.
- [The Daily - January 8, 2024](https://macnicolasset.com/the-daily-january-8-2024/) - Sony Group Corp. is planning to call off the merger pact of its India unit with Zee Entertainment Enterprises Ltd., said people familiar with the matter, capping two years of drama and delay in creating a $10 billion media giant. The Japanese conglomerate is looking to cancel the deal due to a standoff over whether Zee’s Chief Executive Officer Punit Goenka, also its founder’s son, would lead the merged entity, the people said, asking not to be named as the information is not public. While the agreement signed in 2021 was that Goenka would lead the new company, Sony no longer wants him as CEO amid a regulatory probe, the people said. Sony plans to file the termination notice before a Jan. 20 extended deadline for closing the deal, saying some of the conditions necessary for the merger had not been met, one of the people said. Goenka has stood his ground in wanting to helm the merged entity, as agreed initially, over prolonged meetings in the past few weeks, according to another person.
- [The Daily - January 5, 2024](https://macnicolasset.com/the-daily-january-5-2024/) - State and local governments across the US are grappling with a growing problem: Expensive drugs to treat diabetes and obesity are threatening to drain their health-care budgets. State health plans and Medicaid offices are seeing eye-popping bills for Novo Nordisk A/S’s Ozempic, its sister drug Wegovy and similar medications known as GLP-1s. They’re a breakthrough for treating two of the most complex chronic health conditions. But with list prices stretching above $1,000 a month, the costs threaten to empty government coffers. Demand for the drugs is poised to explode. Public attention has focused on the well-off looking for a quick way to lose a few extra pounds, but the reality is that type of customer represents a tiny fraction of the potential market for GLP-1s. More than one in 10 Americans have type 2 diabetes, and upward of 100 million suffer from obesity. Those rates are higher among the 19% of Americans who rely on Medicaid, the public health-insurance program that on average accounts for more than a quarter of state spending.
- [The Daily - January 4, 2024](https://macnicolasset.com/the-daily-january-4-2024/) - As speculation about the upcoming approval or denial of spot-Bitcoin ETFs reaches a fever pitch, a group of former Citigroup Inc. executives is starting to offer securities backed by the oldest cryptocurrency that they say don’t need the blessing of US regulators. The new offering, called Bitcoin depositary receipts, will be similar to American depositary receipts that represent foreign stocks. The startup, called Receipts Depositary Corporation, or RDC, said it plans to issue the first Bitcoin depositary receipts to qualified global institutional investors in transactions exempt from registration under the Securities Act of 1933. Known as BTC DRs, the offering will give institutions access to Bitcoin securities through US regulated market infrastructure and cleared through the Depository Trust Co., according to a release from the company.
- [The Daily - January 3, 2024](https://macnicolasset.com/the-daily-january-3-2024/) - Manhattan home prices rose for the first time in more than a year, as surging high-end sales propelled the market and lower mortgage rates set the stage for a broader recovery in 2024.
- [Monthly Market Update – Issue 07 - December 28, 2023](https://macnicolasset.com/monthly-market-update-issue-7/) - Read the trends & performance in alternative asset trust fund with our December monthly market update 2023. Stay ahead in investment strategies.
- [The Daily - January 2, 2024](https://macnicolasset.com/the-daily-january-2-2024/) - Airbus SE managed to beat its annual delivery target in 2023 as the planemaker ramped up output in December, according to a website that tracks aircraft handovers.
- [Monthly Market Update - Issue 04 - September 30, 2023](https://macnicolasset.com/monthly-market-update-issue-04-september-30-2023/)
- [Monthly Market Update - Issue 03 - August 31, 2023](https://macnicolasset.com/monthly-market-update-issue-03-aug-31-2023/)
- [What role can private credit play in 'higher for longer' environment?](https://macnicolasset.com/what-role-can-private-credit-play-in-higher-for-longer-environment/) - Portfolio manager outlines the utility, and risks, in fast-growing alternative asset class
- [ETFs provide efficient investment opportunities for windfalls small and large](https://macnicolasset.com/etfs-provide-efficient-investment-opportunities/) - How to Invest: Two advisors share how they would set up a portfolio for a $10 million windfall and a $10,000 employment bonus.
- [MacNicol & Associates Asset Management Celebrates 22 Years of Investing Excellence](https://macnicolasset.com/macnicol-associates-asset-management-celebrates-22-years-of-investing-excellence/) - MacNicol & Associates Asset Management is pleased to announce its 22nd anniversary on September 17th, 2023. Over the past two decades, MacNicol & Associates has established itself as a leader in the investment industry, providing clients with a prudent and independent alternative for their investment needs. Founded in 2001, MacNicol & Associates was established with
- [MacNicol & Associates Asset Management Introduces First Home Savings Account in Canada](https://macnicolasset.com/first-home-savings/) - MacNicol & Associates Asset Management, a renowned financial institution, has recently launched the First Home Savings Account, an innovative savings plan aimed at helping Canadians achieve their goal of homeownership. This article provides an in-depth look at the features and benefits of this new offering.
- [The Alternative Quarterly Commentary - Q4 2021](https://macnicolasset.com/alternative-asset-trust-quarterly-market-commentary/) - MacNicol’s The Alternative Asset Trust Quarterly Commentary- January 2021 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate returns that are positive and uncorrelated with public stock or bond markets. The Trust, through its underlying limited partnerships invests in real estate, private equity, and hedge funds. In total the Alternative
- [MAAM Monthly Market Update January 2023](https://macnicolasset.com/maam-monthly-market-update-january-2023/) - Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. January Update: Index Overview for North America, TSX Strength, Technology Weakness, Gold Prices, US Dollar (DX/Y), Bullish Percentage, An Update on the 60/40 Portfolio, Industrial Real Estate in Canada, Alternative asset Trust Deal.
- [MAAM Research Meeting February 9 2023](https://macnicolasset.com/maam-research-meeting-february-9-2023/) - S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Oil Prices, USD Nose Dive, Equity Markets, The FED, Where is the upside?, Technical update. Email info@macnicolasset.com to receive more of our commentary. Check out more of our videos by clicking here.
- [MAAM Research Meeting March 30, 2023](https://macnicolasset.com/maam-research-meeting-march-30-2023-2/) - S&P 500, TSX 60, VIX, Bullish vs Bearish, Oil Prices, USD Nose Dive (Weakness), Equity Markets, The FED, Technical Levels for the markets, Global equity Rankings by Country, Mexico Equities, Turkish Equities, Inflation, Interest Rates, Gold Prices, U.S. 10 Year Treasury Yield, Value Stocks vs. Growth Stocks, Fliteboard Update, Private Equity Holdings. Email info@macnicolasset.com
- [MAAM Research Meeting April 6, 2023](https://macnicolasset.com/maam-research-meeting-april-6-2023-2/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Gold Prices, Oil Prices, Energy Stocks, Growth vs. Value Stocks, Metals, US Treasuries, Project Memory Care, Private Equity Holdings, Alternative Assets. Email info@macnicolasset.com to receive more of our commentary. Check out more of our videos by clicking here.
- [MAAM Research Meeting April 27, 2023](https://macnicolasset.com/maam-research-meeting-april-27-2023-2/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Industrial Real Estate, Southeast U.S. Real Estate Markets, Real Estate Indicators, Home-builders stocks, Euro USD, Copper Prices, Economic backdrop, Manufacturing, Copper Demand, Storage real estate, Deep water ports.
- [MAAM Research Meeting July 20, 2023](https://macnicolasset.com/maam-research-meeting-july-20-2023-2/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Crude oil, Gold prices, S&P 500 earnings, Earnings revisions.
- [MAAM Research Meeting August 10, 2023](https://macnicolasset.com/maam-research-meeting-august-10-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Project G, Real Estate investments, Private assets.
- [MAAM Research Meeting August 17, 2023](https://macnicolasset.com/maam-research-meeting-august-17-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Alternative Assets, Capex, Cap rates, Earnings season.
- [MAAM Research Meeting August 24, 2023](https://macnicolasset.com/maam-research-meeting-august-24-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Alternative Assets, Bank assets, Jurissa bank, Gold mining stocks, Gold prices, Crescat Capital.
- [MAAM Research Meeting September 7, 2023](https://macnicolasset.com/maam-research-meeting-september-7-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Alternative Assets, Unemployment data, International equities, Denmark ETF, Oil prices, Energy prices.
- [MAAM Research Meeting September 14, 2023](https://macnicolasset.com/maam-research-meeting-september-14-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Alternative Assets, Oil prices, Oil reserves, Gas prices, Intel stock, Intel analysis, Market fundamentals.
- [MAAM Research Meeting September 21 2023](https://macnicolasset.com/maam-research-meeting-september-21-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Charts of the week, Alternative Assets, FED Funds Rate, Interest rates, Bond ETFs, Agriculture commodities, Seasonality of the VIX.
- [MAAM Research Meeting October 19, 2023](https://macnicolasset.com/maam-research-meeting-october-19-2023/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Multi strategy hedge funds, Renewable energy ETFs, Inflation, Energy inflation, CPI, FED Funds Rate, Oil prices, Gold prices, Market multiples.
- [Alternative Quarterly Commentary - Q3 2023](https://macnicolasset.com/alternative-quarterly-commentary-q3-2023-2/) - Alternative Trust Update: The goals of the Alternative Trust are to generate attractive risk-adjusted returns using private investment opportunities so investors can reduce their dependence on public market investments. During the third quarter of 2023 the trust was higher by approximately 1.4%. Returns from private real estate and hedge funds were higher during the quarter, and strong enough to offset mixed results in private equity. During the quarter, the trust realized two notable exit transactions and made a small number of carefully thought-out new investments. The trust also experienced a more familiar pace of general transaction activity on the part of its investments, with capital being harvested from older vintage partnerships and called to newer vintage deals earlier in their investment periods which we view as positive. September also marks the trust’s final month as a “child” and of its transition to teenagerhood in October.
- [MAAM Research Meeting November 9, 2023](https://macnicolasset.com/maam-research-meeting-november-9-2023/) - VIX, Bullish vs Bearish Technical Indicators, Oil vs. natural gas, Natural gas prices, Mexican ETF, U.S. dollar, Fundamental values, Oncore Golf, Alternative investments, Private equity .
- [MAAM Research Meeting November 16, 2023](https://macnicolasset.com/maam-research-meeting-november-9-2023-2/) - S&P 500, TSX 60, VIX, Bullish vs Bearish Technical Indicators, Agricultural assets, Real estate investing, Charts of the week, Latin American equities, Emerging markets, Market fundamentals.
- [MAAM Research Meeting November 30, 2023](https://macnicolasset.com/maam-research-meeting-november-30-2023/) - Bullish vs Bearish Technical Indicators, Rates, FED Watch Tool, Shipping stocks, Shipping ETF BOAT, Bond fund TLT, Silver stocks, Gold prices, Charlie Munger, telMAX, Quant Update, Real estate acquisition.
- [MAAM Monthly Market Update December 2023](https://macnicolasset.com/maam-monthly-market-update-december-2023/) - December Update: S&P 500, TSX 60, Gold prices, S&p 493 versus Magnificent 7, PE ratios for the market, Industrial real estate, Interest rates, Real estate funds.
- [The Impact of Rising Interest Rates Webinar](https://macnicolasset.com/the-impact-of-rising-interest-rates-webinar/) - MacNicol & Associates’ hosted a webinar on September 28th 2023, dsicussing the impact of rising interest rates on equity, debt, and real estate markets. We discussed private securities, public securities, commodities, and forecasting interest rates. This is a discussion you want to tune into before the next FED or BOC meeting.
- [The need for private equity](https://macnicolasset.com/the-need-for-private-equity/) - Traditional investment sources are no longer providing desired returns, but private equity can enhance yields, writes Joe Pochodyniak
- [MAAM Monthly Market Update November 2023](https://macnicolasset.com/maam-monthly-market-update-november-2023/) - November Update: S&P 500, TSX 60, Bullish Percentage, Percent Positive Trend, Asset Class Rankings, Tech Reset, Venterra Realty, Private Real Estate, Multi Family Real Estate, Southern Residential Real Estate.
- [When gold hit an all-time high](https://macnicolasset.com/when-gold-hit-an-all-time-high/) - Year in review: pandemic caused investors to flock to the traditional safe haven for security – but can gold climb even higher in 2021?
- [COVID-19 crisis: an alternative route for investors](https://macnicolasset.com/covid-19-crisis-an-alternative-route-for-investors/) - With markets taking a hit and investors looking for safe-haven assets, what alternatives can provide solutions?
- [The Daily - December 5, 2023](https://macnicolasset.com/the-daily-december-5-2023/) - Moody’s Investors Service cut its outlook for Chinese sovereign bonds to negative, underscoring deepening global concerns about the level of debt in the world’s second-largest economy.
- [The Daily - December 4, 2023](https://macnicolasset.com/the-daily-december-4-2023/) - Emerging-market traders were taking a pause after the biggest monthly rally in a year as they awaited data-driven clues on the health of the Chinese economy and the Federal Reserve’s policy path.
- [The Daily - December 1, 2023](https://macnicolasset.com/the-daily-december-1-2023/) - Signs are piling up — in recent data, in warnings from top retailers such as Walmart Inc. and in anecdotes from local businesses across the country — that after defying expectations all year and splurging over the summer
- [The Daily - November 30, 2023](https://macnicolasset.com/the-daily-november-30-2023/) - The European Union and South America’s biggest economies are closer than ever to concluding a major trade agreement more than two decades in the making, with leaders from both regions optimistic they can strike the elusive deal next week.
- [The Daily - November 29, 2023](https://macnicolasset.com/the-daily-november-29-2023/) - US mortgage applications for home purchases increased for a fourth week, the longest stretch of gains since March that was aided by a further easing in borrowing costs.
- [The Daily - November 28, 2023](https://macnicolasset.com/the-daily-november-28-2023/) - Fast-fashion retailer Shein has filed confidentially with US regulators for an initial public offering that could take place next year, according to a person familiar with the matter.
- [The Daily - November 27, 2023](https://macnicolasset.com/the-daily-november-27-2023/) - Blackstone Inc.’s Steve Schwarzman said his firm has seen a bevy of buying opportunities in real estate across Europe. The private equity giant is eyeing opportunities in data centers, warehouse
- [Grata Webinar](https://macnicolasset.com/grata-webinar/) - MacNicol & Associates are shareholders in Grata through the MAAM Alternative Asset Trust.
- [The Daily - November 22, 2023](https://macnicolasset.com/the-daily-november-22-2023/) - S&P Global Inc. expects to generate more revenue from rating private debt financings, as a potential downturn in credit markets spurs investors
- [The Daily - November 21, 2023](https://macnicolasset.com/the-daily-november-21-2023/) - Blackstone Inc. is winding down a strategy that allocated capital to hedge funds ranging from Two Sigma Investments to Magnetar Capital.
- [The Daily - November 20, 2023](https://macnicolasset.com/the-daily-november-20-2023/) - Oil is back in a bear market, but as things currently stand one of OPEC’s largest producers is set to increase output in January.
- [The Daily - November 17, 2023](https://macnicolasset.com/the-daily-november-17-2023/) - A cut in European Central Bank interest rates won’t be happening in the near future, according to Bundesbank President Joachim Nagel.
- [The Daily - November 16, 2023](https://macnicolasset.com/the-daily-november-16-2023/) - The United Arab Emirates is developing a carbon registry that will measure companies’ progress in reducing emissions, and help set up a carbon credits trading program in the future
- [The Daily - November 15, 2023](https://macnicolasset.com/the-daily-november-15-2023/) - Goodyear Tire & Rubber Co. said it will seek a new chief executive officer, cut costs and weigh options for several business lines as part of a sweeping overhaul under pressure from activist Elliott Investment Management. Richard Kramer plans to step down as CEO and chairman in 2024
- [The Daily - November 9, 2023](https://macnicolasset.com/the-daily-november-9-2023/) - Rates traders are betting that the steepest global tightening cycle in a generation is over and that monetary easing will begin from mid-2024
- [The Daily - November 10, 2023](https://macnicolasset.com/the-daily-november-10-2023/) - A months-long backlog in processing labor permits is complicating US government efforts to help cities like New York cope
- [The Daily - November 13, 2023](https://macnicolasset.com/the-daily-november-13-2023/) - The 2023 Dubai Air Show kicked off on Monday with a major deal from local champion Emirates
- [The Daily - November 14, 2023](https://macnicolasset.com/the-daily-november-14-2023/) - China’s $6.5 billion loan to Argentina last month was a potential lifeline for presidential hopeful Sergio Massa.
- [The Daily - November 1, 2023](https://macnicolasset.com/the-daily-november-1-2023/) - Estée Lauder Cos. lowered its full-year outlook citing continued weakness in Asia travel retail and in mainland China, as well as risks to its business from the Israel-Hamas war.
- [The Daily - October 25, 2023](https://macnicolasset.com/the-daily-october-25-2023/) - Microsoft Corp. share were on track for their biggest gain in three months after it reported strong sales,
- [The Daily - October 24, 2023](https://macnicolasset.com/the-daily-october-24-2023/) - China has approved a plan to issue more additional sovereign debt and adjust the 2023 central government budget, state broadcaster CCTV reported
- [The Daily - October 23, 2023](https://macnicolasset.com/the-daily-october-23-2023/) - Europe’s space agency reached a tentative deal with SpaceX to launch as many as four satellites next year amid setbacks with the region’s latest homegrown rocket
- [The Daily - October 18, 2023](https://macnicolasset.com/the-daily-october-18-2023/) - Wall Street firms will soon face stiffer penalties for running afoul of US derivatives rules and more often admit their misconduct when settling with the Commodity Futures
- [Monthly Market Update - Issue 02 - June 15, 2023](https://macnicolasset.com/monthly-market-update-issue-02-jun-15-2023/)
- [The Daily - October 17, 2023](https://macnicolasset.com/the-daily-october-17-2023/) - A brief 10% surge in Bitcoin gave traders a glimpse into the possible impact of a looming US Securities & Exchange Commission
- [The Daily - October 10, 2023](https://macnicolasset.com/the-daily-october-10-2023/) - Republicans angling to replace ousted House Speaker Kevin McCarthy will vie for their
- [The Daily - October 6, 2023](https://macnicolasset.com/the-daily-october-6-2023/) - The seemingly boundless popularity of Taylor Swift is boosting stock prices on both sides
- [MAAM Monthly Market Update October 2023](https://macnicolasset.com/maam-monthly-market-update-october-2023/) - October Update: S&P 500, Interest Rates, U.S. Dollar, DX/Y, Currencies, Natural Gas Prices, Stagflation, Real Estate Bubbles, Contrarian Capital, Hedge Fund Investing.
- [The Daily - October 4, 2023](https://macnicolasset.com/the-daily-october-4-2023/) - Apple Inc. Chief Executive Officer Tim Cook sold stock worth about $41 million after taxes
- [The Daily - October 3, 2023](https://macnicolasset.com/the-daily-october-3-2023/) - More and more Wall Street equity strategists are sounding the alarm on the impact of higher interest rates. The team at Goldman Sachs Group Inc. joined peers at Morgan Stanley and JPMorgan Chase & Co. warning that elevated rates could spark further declines in equities
- [The Daily - October 2, 2023](https://macnicolasset.com/the-daily-october-2-2023/) - Bitcoin climbed to a six-week high as inflows onto crypto exchanges continued at the start
- [The Daily - September 27, 2023](https://macnicolasset.com/the-daily-september-27-2023/) - A US government shutdown or prolonged strike by automotive workers could slow the economy, meaning the Federal Reserve wouldn’t have to use its tools to ease price growth
- [The Daily - September 26, 2023](https://macnicolasset.com/the-daily-september-26-2023/) - Wall Street economists are growing more upbeat about US economic growth while acknowledging that it may require interest rates to stay higher for longer
- [MAAM Monthly Market Update February 2023](https://macnicolasset.com/maam-monthly-market-update-february-2023/)
- [MAAM Forecasting 2023 Webinar](https://macnicolasset.com/maam-forecasting-2023-webinar/) - Date: November 30, 2022 MacNicol & Associates’ Investment Team gave their view on the global economy, global financial markets (equity and debt markets), and private markets. MacNicol invests in private markets through its Alternative Asset Trust which invests in numerous asset classes. Inflation, interest rates, recessions, and private equity were just a few topics discussed
- [The Daily - September 20, 2023](https://macnicolasset.com/the-daily-september-20-2023/) - Goldman Sachs Asset Management has raised $14.2 billion for a new vehicle to buy stakes in private equity funds. The US investment firm closed the Vintage IX fund with commitments from institutional investors, high-net worth individuals and Goldman Sachs employees
- [The Daily - September 18, 2023](https://macnicolasset.com/the-daily-september-18-2023/) - Microsoft Corp. plans to refresh its Xbox consoles in the holiday season of 2024, according to a product roadmap posted online as part of its case against the Federal Trade Commission
- [The Daily - September 11, 2023](https://macnicolasset.com/the-daily-september-7-2023-2/) - Treasury Secretary Janet Yellen said she’s increasingly confident that the US will be able to contain inflation without major damage to the job market, hailing data showing a steady slowdown in inflation and a fresh influx of job seekers.
- [MAAM Monthly Market Update September 2023](https://macnicolasset.com/maam-monthly-market-update-september-2023/) - September Update: S&P 500, TSX 60, Oil Prices, Energy Sector, U.S. Dollar, Dx/Y, Currencies, Real Estate, REITs, Private Real Estate, Office Real Estate, Retail Real Estate, Hotel Real Estate.
- [The Daily - September 7, 2023](https://macnicolasset.com/the-daily-september-7-2023/) - China’s stumbling recovery this year has produced a string of reassurances that the impact on the US of even a sharp downturn in the world’s second-largest economy will prove limited
- [The Daily - September 6, 2023](https://macnicolasset.com/the-daily-september-6-2023/) - Microsoft Corp. and Apple Inc. face fresh investigations from European Union regulators as part of the bloc’s landmark digital markets clampdown, which could end up forcing significant changes in how the firms do business in the region.
- [The Daily - September 1, 2023](https://macnicolasset.com/the-daily-september-1-2023/) - Arm Holdings Ltd., one of the most anticipated stock listings of the year, is preparing to set a price range for its initial public offering before embarking on an investor roadshow next week
- [The Daily - August 31, 2023](https://macnicolasset.com/the-daily-august-31-2023/) - Public health officials in Germany are raising the alarm over an unexpected uptick in cigarette smoking -- including among the young -- that started in the wake of the Covid-19 lockdowns.
- [MAAM RRSP Webinar 2023](https://macnicolasset.com/rrsp-webinar-2023/)
- [MAAM Litigation Finance Webinar](https://macnicolasset.com/webinar-october-20-2022/) - Date: October 20, 2022 MacNicol & Associates hosted Joseph Taussig of Jurissa Financial Holdings to talk all things about investing in Financial Litigation. Email: info@macnicolasset.com with any investment planning questions or anything regarding public or private markets. Our next webinar will be on November 24th 2022. Topic: TBA Click here to download
- [MAAM Succession Recession Webinar](https://macnicolasset.com/the-succession-recession-webinar/) - Date: September 29, 2022 MacNicol & Associates talked about the FED, a pending recession, inflation, the impact of interest rates, and employment levels. The webinar was extremely detailed and jumped into all sorts of topics across the economy and financial markets. Our investment team also answered questions on price targets, favored sectors, commodity
- [MAAM Trusts and Cottage Estate Planning](https://macnicolasset.com/estate-planning-webinar/) - Date: July 26th, 2022 MacNicol & Associates hosted Ian Hull from Hull & Hull LLP, a long-time member of our network to talk about all things Trusts, Estate Planning, and Cottage/Vacation Home Estate Planning. Do not forget to plan ahead. Contact Ian Hull's office or us if you have any questions. We hope our network
- [MAAM Monthly Webinar Energy Shortages](https://macnicolasset.com/maam-monthly-webinar-energy-shortages/) - Click here for the PDF: May 26 2022 Energy Shortages
- [MAAM Monthly Webinar What Happens Next. Russia and Financial Markets](https://macnicolasset.com/maam-monthly-webinar-april-28-2022/) - CLICK HERE TO DOWNLOAD THE WEBINAR DECK : April 28, 2022
- [MAAM Monthly Webinar Inflation & Other Risk Factors in Today's Markets March 24, 2022](https://macnicolasset.com/maam-monthly-webinar-inflation-and-other-risk-factors-march-24-2022/) - CLICK HERE TO DOWNLOAD THE WEBINAR DECK : March 24, 2022 Inflation and Other Risk Factors
- [MAAM Monthly Webinar A Year in Review December 16 2021](https://macnicolasset.com/maam-monthly-webinar-december-16-2021/)
- [Monthly Webinar Featuring Ian Hull on Trusts November 23 2021](https://macnicolasset.com/monthly-webinar-ian-hull-november-23-2021/)
- [The Daily - August 30, 2023](https://macnicolasset.com/the-daily-august-30-2023/) - Gold held gains following weaker-than-expected US jobs openings data that caused Treasury yields to plunge. On Tuesday
- [Exclusive Webinar Featuring Dr. Woody Brock November 17 2021](https://macnicolasset.com/exclusive-webinar-featuring-dr-woody-brock-november-17-2021/)
- [Webinar: Inflation. Cause for concern?](https://macnicolasset.com/inflation-cause-for-concern-october-28-2021/) - Time Stamps 0:00 Introduction 0:53 What are the markets telling us? 7:12 Macroeconomic Inflation Update (CPI, PPI, M2) 15:08 Real Estate and Inflation 31:09 Question Period
- [Webinar: Real Estate? What does the future look like now?](https://macnicolasset.com/webinar-realestate/)
- [Webinar: Your First Defence Against the Second Wave](https://macnicolasset.com/webinar-first-defence/)
- [Webinar: Heading to Calm Waters or Rough Seas?](https://macnicolasset.com/webinar-calm-waters-rough-seas/)
- [Webinar: Dr. Woody Brock's Market Review](https://macnicolasset.com/webinar-dr-woody-brock/)
- [Webinar: Personal Pension Plan (PPP)](https://macnicolasset.com/webinar-personal-pension-plan-2020/)
- [Webinar: Commercial Real Estate](https://macnicolasset.com/webinar-commercial-real-estate/)
- [Webinar: The Big Re-Boot](https://macnicolasset.com/webinar-the-big-re-boot/)
- [Webinar: Why Balanced Portfolios stopped working in 2009?](https://macnicolasset.com/webinar-60-40-portfolios/)
- [Webinar: What's Next for Gold?](https://macnicolasset.com/webinar-whats-next-for-gold/)
- [Webinar: Alternative vs COVID-19](https://macnicolasset.com/maam-webinar-april-3-2020/)
- [Webinar: This too shall pass. But what to do in the interim?](https://macnicolasset.com/maam-webinar-march-26-2020/)
- [Webinar: Registered Plan - RRSP](https://macnicolasset.com/maam-rrsp-2020/)
- [Collision Course Webinar](https://macnicolasset.com/collision_course/)
- [MAAM Market Outlook Webinar](https://macnicolasset.com/maam-market-outlook-webinar/)
- [Dr. Woody Brock's exclusive webinar](https://macnicolasset.com/dr-woody-brocks-exclusive-webinar/)
- [Living Life with a Golden Opportunity Webinar](https://macnicolasset.com/living-life-with-a-golden-opportunity-webinar/)
- [Lunch & Learn Webinar: August 24, 2017](https://macnicolasset.com/lunch-learn-webinar-august-24-2017/) - Listen to our webinar recording as David MacNicol & Joseph Pochodyniak explain global macro and geopolitical risk to the markets, and the 3 main catalysts for ongoing support in residential single & multi-family housing. Additionally, both David and Joseph explore the emerging digital blockchain technology and Bitcoin currency.
- [June 2017 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-june-22nd-2017/) - We hope you enjoy our Monthly Investment Lunch video. Should you be interested in listening to a particular section of our meeting please see the minute markers below. Speakers: David MacNicol, Joseph Pochodyniak & Zac Gouveia Interest Rate Outlook & Alternative Debt Fund Update (1:40-15:21) Update of the Alternative Trust (15:22-32:34) Equity
- [March 2017 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-march-23-2017/) - March Investment Lunch from David MacNicol on Vimeo.
- [November 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-november-24th-2016/) - November Investment Lunch Meeting from David MacNicol on Vimeo.
- [October 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-october-20th-2016/) - October Investment Lunch Presentation from David MacNicol on Vimeo.
- [August 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-monthly-investment-lunch-august-25-2016/) - August Investment Lunch Presentation from David MacNicol on Vimeo.
- [July 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-debt-fund-webinar-july-28-2016/)
- [June 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-monthly-investment-lunch-june-23rd/)
- [May 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-may-26th-2016/)
- [April 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-april-28th-2016/)
- [March 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-associates-monthly-investment-lunch-march-24th-2016/)
- [February 2016 Lunch & Learn Webinar](https://macnicolasset.com/macnicol-monthly-investment-lunch-february/)
- [First Home Savings Account Webinar July 2023](https://macnicolasset.com/first-home-savings-account-webinar-july-2023/) - MacNicol & Associates’ hosted a webinar on July 27th, 2023 discussing a new registered investment account available to Canadians, the First Home Savings Account. The account has features that benefit first time home buyers and has features from both the TFSA and RRSP.
- [MAAM Monthly Market Update August 2023](https://macnicolasset.com/maam-monthly-market-update-august-2023/) - August Update: S&P 500, TSX 60, Percent Positive Trend, Technical Indicators, GDP Growth, Technology Earnings, Tech Stocks, Real Vision, Alternative Assets,
- [Q1 Commentary - 2017](https://macnicolasset.com/q1-commentary-2017/) - The Quarterly: April 2017 With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, and a section on behavioural investing. We hope you enjoy this information, and it allows you to better understand what we see going on in the market place.
- [The Monthly - March 2017](https://macnicolasset.com/the-monthly-march-2017-2/) - March 2017 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it allows
- [The Monthly - February 2017](https://macnicolasset.com/the-monthly-february-2017/) - February 2017 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [The Monthly - December, 2016](https://macnicolasset.com/the-monthly-december-2016/) - December 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management. We hope you enjoy this information, and it allows
- [Commentary: Trump Card](https://macnicolasset.com/commentary-trump-card/) - November 2016 Commentary: Trump Card Heading into last nights’ election, most were prepared to awake to headlines heralding the 45th President of the United States, Hillary Clinton. All major polls and pundits showed former Secretary Clinton likely to win the election by various margins; none, however, seemed to predict the eventual outcome – a
- [The Quarterly- Q3 2016](https://macnicolasset.com/q3-commentary-2016-3/) - The Quarterly: October 2016 The purpose of this quarterly commentary is to communicate with you about our thoughts on the markets, provide some snap-shots of market metrics, and provide an overview of topical issues; however, it will also be married with some aspects of our monthly commentary, in order to provide you with a
- [The Monthly - September, 2016](https://macnicolasset.com/the-monthly-september-2016/) - September 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it allows
- [Interim Commentary: The Price of Safety](https://macnicolasset.com/the-price-of-safety/) - August 2016 Interim Commentary: The Price of Safety When it comes to the financial markets, unfortunately, nothing is free; indeed, truly idealistic capitalist markets correctly price all major aspects of investments: earnings, growth, liquidity, risk, and safety. Many of these have values which move in tandem, such as earnings and growth, while others are diametrically
- [The Monthly - August, 2016](https://macnicolasset.com/the-monthly-august-2016/) - August 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it allows
- [The Quarterly- Q2 2016](https://macnicolasset.com/q2-commentary-2016/) - The Quarterly: July 2016 “… the only way to guarantee you have nothing at retirement is to invest nothing along the way.” – John Bogle, founder and CEO of Vanguard Group The purpose of this quarterly commentary is to communicate with you about our thoughts on the markets, provide some snap-shots of market metrics, and
- [What's the Alternative? June 21st, 2016](https://macnicolasset.com/whats-the-alternative/)
- [MacNicol's Independent Approach to Alternative Assets - Webinar](https://macnicolasset.com/maam-alt-asset-webinar/)
- [Private Real Estate vs. Alternative Real Estate - Webinar](https://macnicolasset.com/maam-private-vs-public-real-estate/) - 
- [Interim Commentary: Brexit Wounds](https://macnicolasset.com/interim-commentary-brexit/) - June 2016 The UK Referendum: Brexit Wounds www.theguardian.com This morning, the world awoke to discover the historic results of yesterday’s referendum in the UK: Britain has voted to leave the European Union. This is, without a doubt, a monumental event, and as such, we wanted to put together
- [The Monthly - May, 2016](https://macnicolasset.com/the-monthly-may-2016/) - May 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it allows
- [The Quarterly- Q1 2016](https://macnicolasset.com/q1-commentary-2016/) - The Quarterly: April 2016 “The intelligent investor is a realist who sells to optimists and buys from pessimists.” – Benjamin Graham The purpose of this quarterly commentary is to communicate with you about our thoughts on the markets, provide some snap-shots of market metrics, and provide an overview of topical issues; however, it will also
- [The Monthly - March, 2016](https://macnicolasset.com/the-monthly-march-2016/) - March 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it allows
- [Interim Commentary - Positives](https://macnicolasset.com/interim-commentary-positives/) - February 23rd, 2016 Interim Commentary: Positives The purpose of this interim commentary is to communicate with our clients in regard to important recent developments in the markets, whether positive or negative, that we believe clients may be interested in hearing an explanation about. If you are not interested in receiving these communications, please let us
- [The Monthly - February, 2016](https://macnicolasset.com/the-monthly-february-2016/) - February 2016 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [Interim Commentary - A Rough Start to 2016](https://macnicolasset.com/interim-commentary-a-rough-start-to-2016/) - January 15th, 2016 Interim Commentary: A Rough Start to 2016 The purpose of this interim commentary is to communicate with our clients in regard to important recent developments in the markets, whether positive or negative, that we believe clients may be interested in hearing an explanation about. If you are not interested in receiving
- [The Quarterly- Q4 2015](https://macnicolasset.com/q4-commentary-2015/) - The Quarterly: January 2016 “The busy man is never wise, and the wise man is never busy.” – Lin Yutang The purpose of this quarterly commentary is to communicate with you about our thoughts on the markets, provide some snap-shots of market metrics, and provide an overview of topical issues; however, it will also
- [The Monthly - December 2015](https://macnicolasset.com/the-monthly-december-2015/) - December 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it allows
- [The Monthly - November 2015](https://macnicolasset.com/the-monthly-november-2015/) - November 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [The Quarterly- Q3 2015](https://macnicolasset.com/q3-commentary-2015/) - The Quarterly: October 2015 "Patience is power. Patience is not an absence of action; rather it is timing; it waits on the right time to act, for the right principles and in the right way." Fulton J. Sheen The purpose of this quarterly commentary is to communicate with you about our thoughts on the
- [The Monthly - September 2015](https://macnicolasset.com/the-monthly-september-2015/) - September 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [Interim Commentary: A Note on Volatility](https://macnicolasset.com/interim-commentary/) - September 3rd, 2015 Interim Commentary: A Note on Volatility The purpose of this interim commentary is to communicate with our clients in regard to important recent developments in the markets, whether positive or negative, that we believe clients may be interested in hearing an explanation about. If you are not interested in receiving these
- [The Monthly - August 2015](https://macnicolasset.com/the-monthly-august-2015/) - August 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [The Quarterly- Q2 2015](https://macnicolasset.com/q2-commentary-2015/) - The Quarterly: July 2015 “You must be shapeless, formless, like water. When you pour water in a cup, it becomes the cup. When you pour water in the bottle, it becomes the bottle. When you pour water in a teapot, it becomes the teapot. Water can drip and it can crash. Become like water my
- [The Monthly - June 2015](https://macnicolasset.com/the-monthly-june-2015/) - June 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [The Monthly - May 2015](https://macnicolasset.com/the-monthly-may-2015/) - May 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [The Quarterly- Q1 2015](https://macnicolasset.com/q1-commentary-2015/) - The Quarterly: April, 2015 “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.” – Robert Kiyosaki The purpose of this quarterly commentary is to communicate with you about our thoughts on the markets, provide some snap-shots
- [The Monthly - March 2015](https://macnicolasset.com/the-monthly-march-2015/) - March 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management (MAAM). I hope you enjoy this information, and it
- [The Monthly - January 2015](https://macnicolasset.com/the-monthly-january-2015/) - January 2015 The Monthly With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally an update on some of the people at MacNicol & Associates Asset Management Inc. (MAAM). I hope you enjoy this information, and
- [The Quarterly- Q4 2014](https://macnicolasset.com/q4-commentary-2014/) - The purpose of this quarterly commentary is to communicate with you about our thoughts on the markets, provide some snap-shots of market metrics, and provide an overview of topical issues; however, it will also be married with some aspects of our recently initiated monthly commentary, in order to provide you with a succinct update of
- [The Quarterly- Q3 2014](https://macnicolasset.com/q3-commentary-2014/) - The purpose of this quarterly commentary will be the same as the past: to communicate with you about our thoughts on the markets, provide some snap-shots of market metrics, and provide an overview of topical issues; however, it will also be married with some aspects of our recently initiated monthly commentary, in order to provide
- [The Monthly - June 2014](https://macnicolasset.com/the-monthly-june-2014/) - MAAM: Monthly Note With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snap-shots of metrics, a section on behavioural investing and finally
- [The Daily - August 29, 2023](https://macnicolasset.com/the-daily-august-29-2023/) - Walmart Inc., Walgreens Boots Alliance Inc. and CVS Health Corp. are rolling out new care options normally only available at doctor’s offices.
- [The Daily - August 28, 2023](https://macnicolasset.com/the-daily-august-28-2023/) - Wagner mercenary group chief Yevgeny Prigozhin’s death in a plane crash last week was confirmed by Russian investigators,
- [The Daily - August 24, 2023](https://macnicolasset.com/the-daily-august-24-2023/) - UBS Group AG is poised to decide in favor of fully integrating Credit Suisse’s domestic bank, ending months of speculation about the future of the business
- [The Daily - August 23, 2023](https://macnicolasset.com/the-daily-august-23-2023/) - Hollywood studios released the details of their contract proposal to film industry’s screenwriters, the latest salvo in their bid to end a months-long strike that has stalled production
- [The Daily - August 22, 2023](https://macnicolasset.com/the-daily-august-22-2023/) - The US lifted restrictions on 27 Chinese companies and organizations, a sign Washington is extending an apparent olive branch ahead of Commerce Secretary Gina Raimondo’s
- [The Daily - August 18, 2023](https://macnicolasset.com/the-daily-august-18-2023/) - Estée Lauder Cos. beat an already-slashed forecast for the current quarter but its profit outlook for the fiscal year was below estimates, a sign the beauty company continues to struggle in its crucial
- [The Daily - August 17, 2023](https://macnicolasset.com/the-daily-august-17-2023/) - Global government bond yields extended their climb to the highest level since 2008
- [The Daily - August 16, 2023](https://macnicolasset.com/the-daily-august-16-2023/) - Norway’s central bank is poised to slow the pace of monetary tightening this week in what may prove its penultimate step in this hiking cycle.
- [The Daily - August 9, 2023](https://macnicolasset.com/the-daily-august-9-2023/) - Walt Disney Co.’s ESPN has signed a long-term exclusive agreement with casino operator Penn Entertainment Inc., licensing its brand for sports betting and deepening the media giant’s ties to the growing online gambling business.
- [MAAM Public Equity Analysis - Strategic Analysis Corp.](https://macnicolasset.com/maam-public-equity-analysis-sac/) - Introduction to SAC: SAC Price Multiples: Looking at North American Indexes Public Company Analysis (CTC.A, TD, FDX, ED) Email: info@macnicolasset.com with any stock, index, and commodity-related questions.
- [The Daily - August 8, 2023](https://macnicolasset.com/the-daily-august-8-2023/) - Moody’s Investors Service lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp.
- [Alt Trust Q2 Press Release](https://macnicolasset.com/alt-trust-q2-press-release/)
- [The Daily - August 2, 2023](https://macnicolasset.com/the-daily-august-2-2023/) - Meta Platforms Inc. started its process of ending news availability in Canada over a law requiring digital platforms to pay local news outlets.
- [The Daily - July 31, 2023](https://macnicolasset.com/the-daily-july-31-2023/) - UBS Group AG is planning to exit billions of dollars in loans to Credit Suisse’s clients in the Asia Pacific region, as the Swiss bank
- [The Daily - July 27, 2023](https://macnicolasset.com/the-daily-july-27-2023/) - European stocks gained on a busy day of earnings reports and ahead of an interest rates decision from the region’s central bank
- [The Daily - July 25, 2023](https://macnicolasset.com/the-daily-july-25-2023/) - Biogen Inc. said it would cut 1,000 jobs and reduce operating expenses by an additional $700 million by 2025 as it reported sales and earnings that beat analyst expectations.
- [MAAM Research Meeting December 8, 2022](https://macnicolasset.com/maam-research-meeting-december-8-2022/) - S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, USD, USD Negative Trend, Energy Prices, Gasoline Prices, Energy Stocks, Emerging Markets, Indian Stocks in North America, Office Space Real Estate, Industrial Real Estate Market, Real Estate Outlook, Canadian Industrial Real estate, bank of Canada, Interest Rates, Inflation Fighting Policy. Email info@macnicolasset.com
- [MAAM Research Meeting December 15, 2022](https://macnicolasset.com/maam-research-meeting-december-15-2022/) - S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Real Estate, MAC 360 Degree Real Estate Fund, Private Real Estate Investing, Florida Real Estate, Florida Investing, Miami Real Estate, Field Effect Software, Private SAAS Investments, Materials Sector, Private Equity Investments vs. Public Equity Investments in 2022, Oil Prices, Wheat Prices, Commodity
- [MAAM Monthly Market Update July 2023](https://macnicolasset.com/maam-monthly-market-update-july-2023-2/) - July Update: S&P 500, Nasdaq 100, Market Forecast, Interest Rates, FED probabilities, Private Real Estate, 13th floor investments, Miami real estate, REITs vs. private real estate.
- [MAAM Monthly Market Update March 2023](https://macnicolasset.com/maam-monthly-market-update-march-2023-2/) - Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. March Update: Index Overview for North America, Nasdaq vs. the Dow, VIX Target, Gold Prices, Natural Gas Prices, Commodity Projections, Yield Curve Costing, Bank of Canada Policy, Yield Curves, REITs.
- [MAAM Monthly Market Update April 2023](https://macnicolasset.com/maam-monthly-market-update-april-2023-2/) - Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. April Update: Index Overview for North America, Dow Jones, TSX 60, Gold Prices, Bullish Percentage for US Equities, Project Memory Care, Alternative Asset Trust Update, Private Assets.
- [MAAM Monthly Market Update May 2023](https://macnicolasset.com/maam-monthly-market-update-may-2023-2/) - May Update: Index Overview for North America, S&P 500, TSX 60, Volatility, VIX, South Florida Real estate, Solar manufacturing, Real estate, Job Growth, Office Real Estate.
- [MAAM Monthly Market Update June 2023](https://macnicolasset.com/maam-monthly-market-update-june-2023-2/) - S&P 500, TSX 60, Market Forecast, Gold Prices, Tech Stocks, Nvidia, AI Hype, Money Market Funds versus Technology Stocks, USD Strength, FED, Interest Rates, Land Real Estate, Alternative Asset Trust, Private Real estate, Land in Texas as an asset.
- [The Daily - July 24, 2023](https://macnicolasset.com/the-daily-july-24-2023/) - Bank of Japan officials meeting this week will probably consider a sharp increase to their inflation forecast for this fiscal year
- [The Daily - July 21, 2023](https://macnicolasset.com/the-daily-july-21-2023/) - Glencore Plc said it expects annual profit of $3.5 billion to $4 billion from its commodity trading business, reiterating that the unit remains on track to beat its long-term target for a fourth straight year
- [The Daily - July 19, 2023](https://macnicolasset.com/the-daily-july-19-2023/) - US mortgage rates fell back below 7% last week, largely erasing the prior week’s surge. The contract rate on a 30-year fixed mortgage fell 20 basis
- [The Daily - July 18, 2023](https://macnicolasset.com/the-daily-july-18-2023/) - US bank regulators are set to release their plans next week for a sweeping overhaul of capital rules
- [The Daily - July 15, 2023](https://macnicolasset.com/the-daily-july-15-2023/) - China’s disappointing economic growth figures prompted several economists to downgrade their forecasts for the year,
- [The Daily - July 14, 2023](https://macnicolasset.com/the-daily-july-14-2023/) - Wells Fargo & Co. earned more net interest income than analysts expected in the second quarter
- [The Daily - July 12, 2023](https://macnicolasset.com/the-daily-july-12-2023/) - The Bank of Canada is likely to increase interest rates for a second consecutive meeting
- [The Daily - July 11, 2023](https://macnicolasset.com/the-daily-july-11-2023/) - Saudi Aramco, the world’s largest oil company, has become an unlikely beneficiary of funds earmarked for sustainable investments thanks to a complex
- [The Daily - July 10, 2023](https://macnicolasset.com/the-daily-july-10-2023/) - Among the lawyers, litigants and spectators who packed into a San Francisco courtroom last month for a hearing on the fate of the biggest video gaming deal
- [The Daily - July 7, 2023](https://macnicolasset.com/the-daily-july-7-2023/) - European football teams, media like Le Monde and Agence France-Presse and other organizations on the continent have found a way to get Meta Platforms Inc.’s
- [The Daily - July 6, 2023](https://macnicolasset.com/the-daily-july-6-2023/) - Canada has reached an agreement with automaker Stellantis NV to increase government financial support for an electric-vehicle battery plant, ending a standoff that began in May when the carmaker halted construction on the project.
- [The Daily - July, 5, 2023](https://macnicolasset.com/the-daily-july-5-2023/) - The collapse of two US auto dealers and a growing pile of delinquent car loans are threatening to deliver losses in a corner of Wall Street that
- [The Daily - July, 4, 2023](https://macnicolasset.com/the-daily-july-4-2023/) - The US is preparing to curtail Chinese companies’ access to cloud computing services including Amazon.com Inc.’s and Microsoft Corp.’s
- [Inflation Debate: Woody Brock vs. David Rosenberg](https://macnicolasset.com/inflation-debate-woody-brock-vs-david-rosenberg-2/) - MacNicol & Associates’ hosted a webinar on June 29th, 2023 where Woody Brock and David Rosenberg debated inflation and other economic metrics.
- [MacNicol Webinar Music Royalties](https://macnicolasset.com/june-2023/) - MacNicol & Associates’ hosted its monthly webinar where Michael Baker, from ICM Group joined us to talk about music royalties as an asset class. MacNicol's Alternative Asset Trust has made an investment in ICM Group's Music Royalties Fund which exposes investors to a variety of genres and music vintages.
- [MacNicol Webinar with Real Vision's Raoul Pal](https://macnicolasset.com/real-vision-may-2023-2/) - MacNicol & Associates’ hosted its monthly webinar where Raoul Pal, Co-Founder and CEO of Real Vision joined us.
- [MAAMs Outlook on the Markets Webinar](https://macnicolasset.com/february-2023-webinar-2/) - MacNicol & Associates’ Investment Team talked about the Canadian and U.S. economy diving into inflation, interest rates, employment, and global economic growth. They also dive into public markets including the yield curve and market multiples. Finally, Joe Pochodyniak looks at the outlook for our Alternative asset Trust including an overview of our real estate,
- [MAAMs Tax Tips for Investing Webinar](https://macnicolasset.com/march-2023-webinar-2/) - MacNicol & Associates’ hosed its monthly webinar where Joseph Pochodyniak talked about Canadian and U.S. tax receipts, our Alternative Asset Trust and how tax works with it, and tax savings accounts in Canada. Email: info@macnicolasset.com with any investment planning questions or anything regarding public or private markets.
- [MAAM Webinar PPPs vs. IPPs](https://macnicolasset.com/ppp-vs-ipp-2/) - MacNicol & Associates’ hosed its monthly webinar where pension experts JP Laporte and Mathieu Bernard debated the Individual Pension Plan and Personal Pension Plan. Both are great options for retirement savings in specific situations.
- [The Daily - June 27, 2023](https://macnicolasset.com/the-daily-june-27-2023/) - Oil held near $69 a barrel as traders weighed the potential for China stimulus measures against the outlook for higher interest rates.
- [The Daily - June 26, 2023](https://macnicolasset.com/the-daily-june-26-2023/) - China’s consumer-driven recovery is showing more signs of losing momentum as spending slows on everything from holiday
- [The Daily - June 23, 2023](https://macnicolasset.com/the-daily-june-23-2023/) - Italian energy giant Eni SpA expanded the reach of its natural gas business through the joint acquisition of explorer Neptune Energy Group Ltd. for $4.9 billion
- [The Daily - June 21, 2023](https://macnicolasset.com/the-daily-june-21-2023/) - China said US President Joe Biden had made a “public political provocation” by referring to his Chinese counterpart Xi Jinping as a “dictator,” as fresh tensions flared in bilateral ties just days after meetings to stabilize relations
- [The Daily - June 20, 2023](https://macnicolasset.com/the-daily-june-20-2023/) - Saudi Arabia’s Public Investment Fund is emerging as the leading bidder to acquire a stake in Vale SA’s multibillion-dollar nickel and copper operations, people with knowledge of the matter said
- [The Daily - June 19, 2023](https://macnicolasset.com/the-daily-june-19-2023/) - Secretary of State Antony Blinken said the US-China relationship had taken a “positive step” forward during his two-day trip to Beijing
- [The Daily - June 16, 2023](https://macnicolasset.com/the-daily-june-16-2023/) - Federal Reserve Governor Christopher Waller said it’s not clear that recent banking strains will lead to significantly tighter lending conditions
- [The Daily - June 15, 2023](https://macnicolasset.com/the-daily-june-15-2023/) - Former Prime Minister Boris Johnson committed a “serious contempt” of Parliament, according to a long-awaited probe that found he repeatedly misled lawmaker
- [The Daily - June 14, 2023](https://macnicolasset.com/the-daily-june-14-2023/) - Microsoft Corp.’s $69 billion acquisition of Activision Blizzard Inc. was temporarily blocked by a federal judge in California
- [The Daily - June 13, 2023](https://macnicolasset.com/the-daily-june-13-2023/) - Short sellers are signaling it’s time to stop betting against emerging-market stocks. Bearish positions in the $24 billion
- [The Daily - June 12, 2023](https://macnicolasset.com/the-daily-june-12-2023/) - Russian metal industry veteran Artem Volynets’ blank check firm agreed to acquire two Brazilian mines for $1 billion including debt
- [The Daily - June 8, 2023](https://macnicolasset.com/the-daily-june-8-2023/) - The artificial intelligence hype that has propelled US technology stocks in the past few weeks is showing signs of fatigue
- [The Daily - June 7, 2023](https://macnicolasset.com/the-daily-june-7-2023/) - Sequoia Capital’s plan to split itself into three separate regional firms represents a major shift at one the world’s foremost venture capital firms.
- [Monthly Market Update - Issue 01 - May 4, 2023](https://macnicolasset.com/monthly-market-update-issue-01-may-4-2023/)
- [The Daily - June 6, 2023](https://macnicolasset.com/the-daily-june-6-2023/) - French unions are holding a fresh day of strikes against Emmanuel Macron’s pension reform in a test of whether the president has succeeded in getting much
- [The Daily - June 5, 2023](https://macnicolasset.com/the-daily-june-5-2023/) - European stocks were little changed in early trading after a slew of European economic activity data left markets unmoved.
- [The Daily - May 31, 2023](https://macnicolasset.com/the-daily-may-31-2023/) - French inflation eased more than anticipated, reaching its lowest level in a year in a boost to those at the European Central Bank
- [The Daily - May 30, 2023](https://macnicolasset.com/the-daily-may-30-2023/) - Malaysia believes financier Low Taek Jho is hiding in Macau, along with others wanted in the multibillion ringgit 1MDB scandal,
- [The Daily - May 29, 2023](https://macnicolasset.com/the-daily-may-29-2023/) - The bankruptcy liquidator in charge of Silicon Valley Bank’s Canadian unit is set to receive offers for its loan book on Monday
- [The Daily - May 26, 2023](https://macnicolasset.com/the-daily-may-26-2023/) - A breakout in a closely watched corner of the bond market is signaling the Federal Reserve has more to do to rein in inflation
- [The Daily - May 24, 2023](https://macnicolasset.com/the-daily-may-24-2023/) - Traders at five major banks colluded in chatrooms to swap sensitive information on UK bonds in the wake of the 2008 financial crisis,
- [The Daily - May 23, 2023](https://macnicolasset.com/the-daily-may-23-2023/) - China’s move to ban Micron Technology Inc.’s products marked its most meaningful retaliation yet against US export controls
- [The Daily - May 19, 2023](https://macnicolasset.com/the-daily-may-19-2023/) - Alibaba Group Holding Ltd.’s surprise move to fully spin out a potentially transformative $12 billion cloud business
- [The Daily - May 17, 2023](https://macnicolasset.com/the-daily-may-17-2023/) - Russia is finding oil customers in Asia to replace sanctions-blocked European buyers
- [The Daily - May 16, 2023](https://macnicolasset.com/the-daily-may-16-2023/) - Treasury Secretary Janet Yellen warned that “time is running out” to avert an economic catastrophe from failing to raise the debt ceiling
- [The Daily - May 15, 2023](https://macnicolasset.com/the-daily-may-15-2023/) - Gold giant Newmont Corp. secured a A$28.8 billion ($19.2 billion) deal to buy Australian rival Newcrest Mining Ltd.
- [The Daily - May 12, 2023](https://macnicolasset.com/the-daily-may-12-2023/) - Asian stocks Tesla Inc. recalled virtually every car it’s sold in China due to a braking and acceleration defect that may increasefor their steepest slide in two weeks amid reluctance to buy shares before the release of closely watched US inflation dat
- [The Daily - May 10, 2023](https://macnicolasset.com/the-daily-may-10-2023/) - Asian stocks headed for their steepest slide in two weeks amid reluctance to buy shares before the release of closely watched US inflation dat
- [The Daily - May 9, 2023](https://macnicolasset.com/the-daily-may-9-2023/) - Days after the World Health Organization declared the coronavirus pandemic over, Ryanair Holdings Plc is betting
- [The Daily - May 8, 2023](https://macnicolasset.com/the-daily-may-8-2023/) - South Africa will likely miss its primary budget surplus target for the 2023 fiscal year by 8.2 billion rand ($448 million)
- [The Daily - May 4, 2023](https://macnicolasset.com/the-daily-may-4-2023/) - Russia claimed the US was behind a drone strike on the Kremlin early Wednesday that it has blamed on Ukraine, but provided no evidence for either assertion
- [The Daily - May 3, 2023](https://macnicolasset.com/the-daily-may-3-2023/) - CVS Health Corp. cut its earnings forecast for the year as it looks to pay for two major acquisitions that are central to its strategy of broadening its health-care services
- [The Daily - May 2, 2023](https://macnicolasset.com/the-daily-may-2-2023/) - American Airlines Group Inc. said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season
- [The Daily - April 27, 2023](https://macnicolasset.com/the-daily-april-27-2023/) - American Airlines Group Inc. said its second-quarter profit may exceed Wall Street projections as international demand builds headed into the peak summer season
- [The Daily - April 26, 2023](https://macnicolasset.com/the-daily-april-26-2023/) - April 26, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd. raised the cost of building its flagship copper mine in Chile once again as the Canadian company released results ahead of a crucial shareholder vote Wednesday. Teck said a delay in commissioning its Quebrada Blanca 2 project, as well as foreign-exchange impacts, meant the total cost of
- [The Daily - April 25, 2023](https://macnicolasset.com/the-daily-april-25-2023/) - April 25, 2023 Daily Market Commentary Canadian Headlines The Ontario Teachers’ Pension Plan is closing down an Asia equity investment team in Hong Kong, resulting in the loss of five jobs. The C$247 billion ($182 billion) fund is shutting the country-focused stock picking teams in Asia, and will concentrate that work from its Toronto head office, according to a
- [The Daily - April 24, 2023](https://macnicolasset.com/the-daily-april-24-2023/) - April 24, 2023 Daily Market Commentary Canadian Headlines Glencore Plc’s attempt to seal mining’s biggest deal in a decade has thrust Chief Executive Officer Gary Nagle into center stage. Little known outside Glencore before taking the job nearly two years ago, the energetic South African is pursuing one of mining’s most unattainable targets, in a bitter brawl
- [The Daily - April 21, 2023](https://macnicolasset.com/the-daily-april-21-2023/) - April 21, 2023 Daily Market Commentary Canadian Headlines Brookfield Asset Management Ltd. has submitted a £2.1 billion ($2.6 billion) takeover proposal for Middle Eastern credit card processor Network International Holdings Plc, topping a rival buyout consortium. The Canadian investment giant made a “highly preliminary,” non-binding proposal of 400 pence per share, Network said in a statement Friday, confirming an
- [The Daily - April 20, 2023](https://macnicolasset.com/the-daily-april-20-2023/) - April 20, 2023 Daily Market Commentary Canadian Headlines Sumitomo Metal Mining says it will vote in favor of Teck Resources’s plan to split its businesses at the Canadian company’s annual shareholder’s meeting on April 26 amid a takeover proposal from Glencore. Says it “confirms its continuous support for Teck’s plan” to split its base metal and steelmaking
- [The Daily - April 19, 2023](https://macnicolasset.com/the-daily-april-19-2023/) - April 19, 2023 Daily Market Commentary Canadian Headlines Glencore Plc said it’s willing to raise its bid for Teck Resources Ltd. in the latest attempt to sway shareholders and pressure Teck’s board, with just one week to go before a pivotal vote on the Canadian miner’s future. The companies have spent the past few weeks in a bruising
- [The Daily - April 18, 2023](https://macnicolasset.com/the-daily-april-18-2023/) - April 18, 2023 Daily Market Commentary Canadian Headlines George Weston Limited and Loblaw Companies Limited jointly announced today the appointment of Mr. Per Bank as President and Chief Executive Officer of Loblaw. Mr. Bank will formally join the company by Q1 2024. The appointment follows a global talent search initiated in August 2022 in anticipation
- [The Daily - April 17, 2023](https://macnicolasset.com/the-daily-april-17-2023/) - April 17, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd.’s controlling shareholder has given his clearest indication yet that the company will be up for sale, but only if investors throw their support behind a plan to split the Canadian miner in half. Norman Keevil, the 85-year-old magnate who controls Teck through “supervoting” Class
- [The Daily - April 14, 2022](https://macnicolasset.com/the-daily-april-14-2023/) - April 14, 2023 Daily Market Commentary Canadian Headlines Global finance chiefs, gathering in Washington little more than a year after the shock Russian invasion of Ukraine, are drawing sharply different conclusions about the biggest risks to the outlook, in a split showcasing the rising role of geopolitical struggles in the world economy. The key takeaway among
- [The Daily - April 13, 2023](https://macnicolasset.com/the-daily-april-13-2023/) - April 13, 2023 Daily Market Commentary Canadian Headlines Royal Bank of Canada topped JPMorgan Chase & Co. last year to become the world’s largest backer of fossil-fuel companies, providing more fodder to critics who say the lender isn’t living up to its climate commitments. Royal Bank provided $42.1 billion of funding to the industry, up 4.2% from a
- [The Daily - April 12, 2023](https://macnicolasset.com/the-daily-april-12-2023/) - April 12, 2023 Daily Market Commentary Canadian Headlines Brookfield Infrastructure Partners struck a deal to buy Triton International Ltd., the world’s largest owner of intermodal containers, for $4.7 billion. The takeover bid is for $85 a share, including $68.50 in cash, the companies said early Wednesday, and is expected to close in the fourth quarter. It’s a 35%
- [The Daily - April 11, 2023](https://macnicolasset.com/the-daily-april-11-2023/) - April 11, 2023 Daily Market Commentary Canadian Headlines US gold giant Newmont Corp. has made a fresh bid for Australian rival Newcrest Mining Ltd., sweetening its record offer to A$29.4 billion ($19.5 billion) to bring closer the prospect of a precious metal behemoth. The revised proposal, which comes two months after Newcrest rejected Newmont’s earlier $17 billion all-stock
- [The Daily - April 10, 2023](https://macnicolasset.com/the-daily-april-10-2023/) - April 10, 2023 Daily Market Commentary Canadian Headlines Sleep County Canada Holdings Inc., Canada's leading omnichannel specialty sleep retailer, today announced its intention to acquire 100% ownership of the Canadian assets of Casper Sleep Inc., the original disruptor of the mattress industry in North America and award-winning mattress retailer. "We are very excited to acquire
- [The Daily - April 6, 2023](https://macnicolasset.com/the-daily-april-6-2023/) - April 6, 2023 Daily Market Commentary Canadian Headlines Oil headed for a third straight weekly gain after a surprise supply cut by OPEC+ and a drop in US inventories tightened the market outlook. Yields slumped on bets the world economy is set for a sharper slowdown. The two-year Canada benchmark traded at 3.55% early Thursday
- [The Daily - April 5, 2023](https://macnicolasset.com/the-daily-april-5-2023/) - April 5, 2023 Daily Market Commentary Canadian Headlines Toronto home prices rose for a second month as buyers coming out for the traditional spring selling season were met with a smaller number of newly listed properties. The benchmark price for a home in Canada’s largest city climbed 2.5% to C$1.12 million ($830,000) in March from
- [The Daily - April 4, 2023](https://macnicolasset.com/the-daily-april-3-2023-2/) - April 4, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd. is willing to entertain offers from potential suitors after it finishes the spinoff of its steelmaking coal business, according to people familiar with the matter. The Canadian miner said Monday it rejected an unsolicited $23 billion proposal from Glencore Plc and will forge ahead with an April 26 shareholder vote
- [The Daily - April 3, 2023](https://macnicolasset.com/the-daily-april-3-2023/) - April 3, 2023 Daily Market Commentary Canadian Headlines Canada’s Teck Resources Ltd. rejected a proposal from Glencore Plc to buy the company for shares and then spin off their combined coal businesses, in the latest sign of dealmaking heating up across the mining industry. Glencore’s proposal on March 26 represented a 20% premium at the
- [The Daily - March 31, 2023](https://macnicolasset.com/the-daily-march-31-2023/) - March 31, 2023 Daily Market Commentary Canadian Headlines The Canadian government will allow Rogers Communications Inc. to acquire rival Shaw Communications Inc., ending a two-year odyssey to seal one of the biggest corporate takeovers in the country’s history. Industry Minister François-Philippe Champagne will make the announcement at a news conference Friday morning in Ottawa. He’ll outline measures on competitiveness in
- [The Daily - March 30, 2023](https://macnicolasset.com/the-daily-march-30-2023/) - March 30, 2023 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s plan to add billions of dollars in new annual spending has some economists worried that Canada is at risk of racking up unsustainable debt — especially if economic growth comes in worse than expected. Finance Minister Chrystia Freeland’s latest budget added C$43 billion ($32 billion) in net new costs over
- [The Daily - March 29, 2023](https://macnicolasset.com/the-daily-march-29-2023/) - March 29, 2023 Daily Market Commentary Canadian Headlines Finance Minister Chrystia Freeland is planning to raise billions of dollars from banks and insurance companies by changing the tax rules for dividends they get from Canadian firms. In a measure that officials billed as closing a loophole, Canada will begin treating dividends received by financial institutions from holding domestic shares
- [The Daily - March 28, 2023](https://macnicolasset.com/the-daily-march-28-2023/) - March 28, 2023 Daily Market Commentary Canadian Headlines Finance Minister Chrystia Freeland plans to expand Canada’s investment subsidies for the oil and hydrogen sectors and allocate C$2 billion ($1.5 billion) to a fund for cutting emissions from heavy industry. The money is part of a plan by one of the world’s largest oil producers to accelerate the growth of
- [The Daily - March 27, 2023](https://macnicolasset.com/the-daily-march-27-2023/) - March 27, 2023 Daily Market Commentary Canadian Headlines A Brookfield Asset Management Inc.-led consortium agreed terms on a A$18.7 billion ($12.4 billion) deal, including debt, to acquire Australian utility Origin Energy Ltd. after months of delays. The consortium, which includes EIG Global Energy Partners, increased the value of its proposal following further talks in recent weeks and the pact will
- [The Daily - March 24, 2023](https://macnicolasset.com/the-daily-march-24-2023/) - March 24, 2023 Daily Market Commentary Canadian Headlines The US and Canada are poised to announce a deal to rewrite an immigration accord that has driven people to cross the border between the two countries by land to refile asylum claims, a key irritant between the governments, people familiar with the talks say. Joe Biden arrived
- [The Daily - March 23, 2023](https://macnicolasset.com/the-daily-march-23-2023/) - March 23, 2023 Daily Market Commentary Canadian Headlines A Canadian lawmaker has resigned from Justin Trudeau’s governing Liberal Party caucus after a media report alleged he spoke to Chinese diplomats in Toronto in 2021 and advised them not to release two imprisoned Canadians for political reasons. Han Dong, who represents a district in Toronto, said the
- [The Daily - March 15, 2023](https://macnicolasset.com/the-daily-march-15-2023/) - March 15, 2023 Daily Market Commentary World Headlines Europe’s Stoxx 600 equity benchmark fell more than 2%, with a gauge of banks plunging as much as 6%. Credit Suisse shares slumped 21% after its top shareholder ruled out more assistance, while the cost of default insurance on the Swiss lender’s short-term debt approached distressed levels. Some voices are now also calling
- [The Daily - March 14, 2023](https://macnicolasset.com/the-daily-march-14-2023/) - March 14, 2023 Daily Market Commentary Canadian Headlines The yield on short-term Canada bonds is falling at the fastest rate in decades, as investors bet the Bank of Canada will cut rates in coming months to counter fallout from the collapse of US regional banks. Canada’s two-year benchmark yield tumbled 42 basis points Monday to 3.532%, bringing its
- [The Daily - March 13, 2023](https://macnicolasset.com/the-daily-march-13-2023/) - March 13, 2023 Daily Market Commentary Canadian Headlines A group of investors including Silver Lake and the Canada Pension Plan Investment Board has agreed to buy software developer Qualtrics International Inc. at a $12.5 billion valuation. Chief Executive Officer Zig Serafin will continue to steer the company, which will get delisted after the deal, SAP said in a statement. SAP SE will offload its entire stake
- [The Daily - March 10, 2023](https://macnicolasset.com/the-daily-march-10-2023/) - March 10, 2023 Daily Market Commentary Canadian Headlines The Bank of Canada’s No. 2 official said policymakers need time to assess whether they’ve raised borrowing costs enough to curb inflation, reiterating that their path on rates can differ from peers. In the first speech after keeping interest rates unchanged for the first time in nine meetings,
- [The Daily - March 9, 2023](https://macnicolasset.com/the-daily-march-9-2023/) - March 9, 2023 Daily Market Commentary Canadian Headlines Lithium Royalty Corp. raised C$150 million ($109 million) in Canada’s biggest initial public offering in 10 months, tapping investor appetite for a slice of the booming battery metals industry. The Toronto-based company sold 8.82 million shares for C$17 apiece in its IPO, within its targeted range of C$16
- [The Daily - March 8, 2023](https://macnicolasset.com/the-daily-march-8-2023/) - March 8, 2023 Daily Market Commentary Canadian Headlines A major shareholder of Canaccord Genuity Group Inc. is trying to force out a quartet of directors who are standing in the way of a leveraged buyout by management of the Canadian financial firm. Skky Capital Corp. has requisitioned a shareholder meeting to remove Gillian Denham and three other board members, according
- [The Daily - March 7, 2023](https://macnicolasset.com/the-daily-march-7-2023/) - March 7, 2023 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau yielded to pressure over allegations China interfered in Canada’s elections, appointing a special investigator to study the matter. “Upholding confidence in our democratic process in our elections, in our institutions, is of utmost importance,” the prime minister told reporters Monday evening in Ottawa. “I will
- [The Daily - March 6, 2023](https://macnicolasset.com/the-daily-march-6-2023/) - March 6, 2023 Daily Market Commentary Canadian Headlines Canada’s crackdown on Chinese investment in critical minerals will make it harder for miners to produce the metals needed for the global energy transition, according to Ivanhoe Mines Ltd. founder Robert Friedland. “We’re going to be deprived of all this Chinese capital in all these junior mining companies,” the billionaire
- [The Daily - March 3, 2023](https://macnicolasset.com/the-daily-march-3-2023/) - March 3, 2023 Daily Market Commentary Canadian Headlines Toronto’s benchmark home price rose for the first time in 11 months after the Bank of Canada paused its campaign of interest rate hikes. The price of a home in Canada’s largest city rose 1.1% to C$1.09 million ($803,000), in February on a non-seasonally adjusted basis, according
- [The Daily - March 1, 2023](https://macnicolasset.com/the-daily-march-1-2023/) - March 1, 2023 Daily Market Commentary Canadian Headlines Royal Bank of Canada’s capital-markets division — the largest among the country’s banks — gave it a boost last quarter as its trading business rebounded. Revenue from RBC Capital Markets rose 4.3% to C$3.12 billion ($2.3 billion) in the three months through January, the Toronto-based bank said Wednesday. That beat
- [The Daily - February 28, 2023](https://macnicolasset.com/the-daily-february-28-2023/) - February 28, 2023 Daily Market Commentary Canadian Headlines Bank of Nova Scotia missed earnings estimates as the company failed to capture the benefit of rising interest rates. Net interest margin — the difference between what the bank earns from loans and what it pays depositors —contracted to 2.11% in the three months through January, down from
- [The Daily - February 27, 2023](https://macnicolasset.com/the-daily-february-27-2023/) - February 27, 2023 Daily Market Commentary Canadian Headlines LKQ Corp. agreed to buy Canadian automotive-parts wholesaler Uni-Select Inc. for about C$2.8 billion ($2.1 billion). The sum represents the total enterprise value, which includes the assumption of debt. The equity value is C$2.1 Billion. LKQ will pay C$48 per share for Uni-Select, a 19% premium on the Feb. 24
- [The Daily - February 23, 2023](https://macnicolasset.com/the-daily-february-23-2023/) - February 23, 2023 Daily Market Commentary Canadian Headlines First Quantum Minerals Ltd. said it’s been forced to stop processing copper at its giant mine in Panama after the government blocked it from loading the metal at a port in the country. The move is a further escalation in an ongoing dispute between the miner and the
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- [The Daily - February 22, 2023](https://macnicolasset.com/the-daily-february-22-2023/) - February 22, 2023 Daily Market Commentary Canadian Headlines Canadian stocks posted their biggest decline in two months Tuesday as cannabis and information-technology shares declined, even as consumer price index data showed cooler-than-expected inflation for January. The S&P/TSX Composite fell 1.3% as every sector declined and the index fell for a third straight session. Only 22
- [The Daily - February 21, 2023](https://macnicolasset.com/the-daily-february-21-2023/) - February 21, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd. will spin off its steelmaking coal business to shareholders as it shifts focus to industrial metals, and plans to wind down the dual-class share structure through which Canada’s Keevil family controls the company. Teck will separate into two independent, publicly-listed companies: Teck Metals Corp. and Elk Valley
- [The Daily - February 17, 2023](https://macnicolasset.com/the-daily-february-17-2023/) - February 17, 2023 Daily Market Commentary Canadian Headlines Rogers Communications, Shaw Communications and Quebecor extended the deadline to close their deals to March 31. The companies said they’re working with the department in charge of telecom policy, led by Industry Minister François-Philippe Champagne, who has final say on the deal. Hedge fund Luxor Capital Group stepped up
- [The Daily - February 16, 2023](https://macnicolasset.com/the-daily-february-16-2023/) - February 16, 2023 Daily Market Commentary Canadian Headlines Teck Resources Ltd. is planning to separate its multibillion-dollar steelmaking coal business to focus more on industrial metals, according to people familiar with the matter. The Canadian miner is expected to make an announcement on the spinoff as early as next week, the people said, asking not to
- [The Daily - February 15, 2023](https://macnicolasset.com/the-daily-february-15-2023/) - February 15, 2023 Daily Market Commentary Canadian Headlines Barrick Gold Corp. plans to reverse a three-year production slump that brought output to the lowest level in more than two decades. The world’s second-biggest gold miner expects to produce 4.2 million to 4.6 million ounces this year, up from 4.14 million ounces last year, according to its
- [The Daily - February 14, 2023](https://macnicolasset.com/the-daily-february-14-2023/) - February 14, 2023 Daily Market Commentary Canadian Headlines Shopify Inc. was the among the first technology giants to slash its workforce during last year’s market rout. Now, some investors say its stock is poised to outperform peers over the course of 2023 as those job cuts translate into lower costs, narrower losses and better cash flow.
- [The Daily - February 13, 2023](https://macnicolasset.com/the-daily-february-13-2023/) - February 13, 2023 Daily Market Commentary Canadian Headlines B2Gold Corp., a Canadian gold miner with assets in Africa and the Philippines, agreed to buy Sabina Gold & Silver Corp. in a C$1.1 billion ($820 million) stock deal. The deal is the latest sign of M&A heating up in the industry, after Newmont Corp.’s $17 billion offer for
- [The Daily - February 10, 2023](https://macnicolasset.com/the-daily-february-10-2023/) - February 10, 2023 Daily Market Commentary Canadian Headlines Enbridge Friday morning reported non-GAAP Q4 net income of CA$0.63 per share, down from a CA$0.68 per share adjust profit during the final three months of 2021. Analysts, on average, had been expecting the pipeline company earning CA$0.73 per share during the three months ended Dec. 31,
- [The Daily - February 9, 2023](https://macnicolasset.com/the-daily-february-9-2023/) - February 9, 2023 Daily Market Commentary Canadian Headlines Ivanhoe Mines Ltd. founder Robert Friedland said he may bring in a minority partner to help develop Congolese copper assets that are key to the green energy transition. The Vancouver-based company is in discussions with potential partners, including sovereign investors, as countries seek stable supplies of the metal, Friedland said.
- [The Daily - February 8, 2023](https://macnicolasset.com/the-daily-february-8-2023/) - February 8, 2023 Daily Market Commentary Canadian Headlines Brookfield Asset Management Ltd.’s distributable earnings rose 6% in the fourth quarter as it wrapped up a year of record fundraising. The Canadian alternative asset manager said distributable earnings increased to $569 million from $539 million in the prior year. It’s the first quarterly report for Brookfield Asset
- [The Daily - February 7, 2023](https://macnicolasset.com/the-daily-february-7-2023/) - February 7, 2023 Daily Market Commentary Canadian Headlines Bank of Canada Governor Tiff Macklem is scheduled to give a lunchtime speech in Quebec City. A central bank survey shows financial market participants expect the BOC will cut its key interest rate to 4% by December, from the current 4.5%. Prime Minister Justin Trudeau is preparing to commit billions of
- [The Daily - February 6, 2023](https://macnicolasset.com/the-daily-february-6-2023/) - February 6, 2023 Daily Market Commentary Canadian Headlines Newmont Corp. made a provisional offer to acquire Australia’s top gold miner Newcrest Mining Ltd. in what would be the biggest global takeover of the year so far. The offer, which values Newcrest at around $17 billion, would also be one of the largest in Australian history, according to data
- [The Daily - February 2, 2023](https://macnicolasset.com/the-daily-february-2-2023/) - February 2, 2023 Daily Market Commentary Canadian Headlines Rogers Communications Inc., Canada’s largest wireless provider, reported fourth-quarter profit that topped analysts’ estimates as an increase in subscribers boosted revenue in its largest unit. Profit excluding some items was C$1.09 a share. Analysts estimated 98 cents, on average. The company’s wireless unit, its most important business,
- [The Daily - February 1, 2023](https://macnicolasset.com/the-daily-february-1-2023/) - February 1, 2023 Daily Market Commentary Canadian Headlines Allied Properties REIT named Chief Financial Officer Cecilia Williams as its next CEO, to take over from company founder Michael Emory in May. Oil steadied before the Federal Reserve’s monetary-policy decision and guidance from producer group OPEC and its allies. CGI Inc. reported adjusted earnings per share for the first quarter
- [The Daily - January 31, 2023](https://macnicolasset.com/the-daily-january-31-2023/) - January 31, 2023 Daily Market Commentary Canadian Headlines Statistics Canada will report gross domestic product for November at 8:30 a.m. Ottawa time, with economists forecasting that the economy likely grew by 0.1%. Oil headed for a third straight monthly loss as traders awaited clues on China’s economic recovery as well as latest guidance from OPEC+ producers and Wednesday’s monetary
- [The Daily - January 30, 2023](https://macnicolasset.com/the-daily-january-30-2023/) - January 30, 2023 Daily Market Commentary Canadian Headlines Rogers, Shaw and Quebecor agreed to extend the outside date of the proposed merger of Rogers and Shaw and the acquisition of Freedom Mobile by Videotron to Feb. 17. The companies continue to work with Innovation, Science and Economic Development Canada to secure the final approval needed
- [The Daily - January 27, 2023](https://macnicolasset.com/the-daily-january-27-2023/) - January 27, 2023 Daily Market Commentary Canadian Headlines Hedge fund manager Anson Funds is backing an activist investor who’s fighting for control of First Capital Real Estate Investment Trust. TotalEnergies EP Canada took a further 6.7% stake in the Fort Hills oil-sand project for C$312 million ($234 million). Ahead Friday, watch for earnings from Real Matters Inc. Crude
- [The Daily - January 26, 2023](https://macnicolasset.com/the-daily-january-26-2023/) - January 26, 2023 Daily Market Commentary Canadian Headlines Canada’s Tiff Macklem was the first Group of Seven central banker to adopt outsize rate hikes to tame runaway inflation, saying that big increases would boost the odds of a soft landing later on. Now his argument is being put to the test. After raising its overnight lending rate to 4.5%,
- [The Daily - January 25, 2023](https://macnicolasset.com/the-daily-january-25-2023/) - January 25, 2023 Daily Market Commentary Canadian Headlines Finance Minister Chrystia Freeland is facing significant pressure to spend more on clean-energy subsidies and health care, even as a possible recession looms. Canadian National Railway Co. beat analysts’ forecasts in the fourth quarter but said a “softer economic outlook” will hurt growth in 2023. Ahead Wednesday, watch for an interest
- [The Daily - January 24, 2022](https://macnicolasset.com/the-daily-january-24-2022-2/) - January 24, 2023 Daily Market Commentary Canadian Headlines Canadian stocks rose to their highest level since June 2022 on Monday as investors continue to pile into value stocks amid optimism on China’s reopening. The S&P/TSX Composite Index rose above its 20-, 50- and 100-day moving averages this month, extending a positive run for one of the few major
- [The Daily - January 23, 2023](https://macnicolasset.com/the-daily-january-23-2023/) - January 23, 2023 Daily Market Commentary Canadian Headlines • The combination of Tiny and WeCommerce creates a well-capitalized technology holding company managed by a leadership team with a strong track record of building and acquiring profitable companies, driving organic growth, and generating free cash flow for future acquisitions. The proforma newly combined business of WeCommerce
- [The Daily - January 20, 2023](https://macnicolasset.com/the-daily-january-20-2023/) - January 20, 2023 Daily Market Commentary Canadian Headlines Shares of Cellnex Telecom SA surged Friday after Spanish news outlet Okdiario reported that American Tower REIT and Brookfield Asset Management Ltd. are weighing a takeover bid for the Spanish wireless-telecommunications company, citing people familiar with the matter. Dah Sing Bank and Sun Life Hong Kong announce a 15-year bancassurance
- [The Daily - January 18, 2023](https://macnicolasset.com/the-daily-january-18-2023/) - January 18, 2023 Daily Market Commentary Canadian Headlines Bank of Montreal has received approval from the the Federal Reserve to acquire San Francisco-based Bank of the West, a combination that will create the 15th-largest US lender. After the transaction, Bank of Montreal US subsidiary BMO Financial Corp. will have consolidated assets of $286.8 billion, representing about 1% of those held
- [The Daily - January 17, 2023](https://macnicolasset.com/the-daily-january-17-2023/) - January 17, 2023 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 0.1%, with nine of 11 sectors higher, led by health care stocks. As of market close, 152 of 236 stocks rose, while 77 fell. Dundee Precious Metals Inc. led the advances, rising 6.1%, while Mullen Group Ltd. decreased 8.7%. Barrick Gold Corp.’s bullion
- [The Daily - January 16, 2023](https://macnicolasset.com/the-daily-january-16-2023/) - January 16, 2023 Daily Market Commentary Canadian Headlines The Bank of Canada will release two key reports, the Business Outlook Survey and the Canadian Survey of Consumer Expectations, at 10:30 a.m. Ottawa time. Also ahead Monday morning: December housing sales and prices from the Canadian Real Estate Association. Elliott Investment Management now has until March
- [The Daily - January 12, 2023](https://macnicolasset.com/the-daily-january-12-2023/) - January 12, 2023 Daily Market Commentary Canadian Headlines • Mexico and Canada won a trade dispute with the US over cars shipped across regional borders, providing automakers more incentive to make vehicles in those nations. The decision was included in a final report released Wednesday by a five-member dispute-resolution panel set up under the 2020
- [The Daily - January 11, 2023](https://macnicolasset.com/the-daily-january-11-2023/) - January 11, 2023 Daily Market Commentary Canadian Headlines Teck Resources said 4Q steelmaking coal sales were 4.3 million tonnes, below previous guidance, as cold weather affected rail and port operations. Oil reversed an earlier decline as traders weighed the outlook for stronger Chinese demand against a reported build in US crude stockpiles. Ahead Wednesday, retailer Aritzia Inc. will report
- [The Daily - January 10, 2023](https://macnicolasset.com/the-daily-january-10-2023/) - January 10, 2023 Daily Market Commentary Canadian Headlines Top central bankers from across Group of 20 said fighting climate change while setting interest rates to combat inflation is now a permanent tension for global monetary policymakers. The US, Canada and Mexico outlined joint actions to address regional issues, including migration and drug trafficking. Canadian Prime Minister Justin Trudeau will
- [MAAM Monthly Market Update March 2022](https://macnicolasset.com/maam-monthly-market-update-march-2022/)
- [MAAM Monthly Market Update April 2022](https://macnicolasset.com/maam-monthly-market-update-april-2022/) - Advisor and client monthly market outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions.
- [Alternative Trust Q4 Commentary - 2014](https://macnicolasset.com/alternative-trust-q4-commentary-2014/) - Alternative Asset Trust Quarterly Report: December 31, 2014 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and multi-strategy
- [Alternative Trust Q4 Commentary - 2014](https://macnicolasset.com/alt-trust-q4-commentary-2014-2/) - Alternative Asset Trust Quarterly Report: December 31, 2014 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and
- [Alternative Trust Q1 Commentary - 2015](https://macnicolasset.com/alternative-trust-q1-commentary-2015/) - Alternative Asset Trust Quarterly Report: March 31, 2015 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and
- [Alternative Trust Q2 Commentary - 2015](https://macnicolasset.com/alternative-trust-q2-commentary-2015/) - Alternative Asset Trust Quarterly Report: June 30, 2015 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and multi-strategy
- [Alternative Trust Q3 Commentary - 2015](https://macnicolasset.com/alternative-trust-q3-commentary-2015/) - Alternative Asset Trust Quarterly Report: September 30, 2015 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and multi-strategy
- [Alternative Trust Q4 Commentary - 2014](https://macnicolasset.com/alternative-trust-q4-commentary-2015/) - Alternative Asset Trust Quarterly Report: December 31, 2015 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and multi-strategy
- [Alternative Trust Q1 Commentary - 2016](https://macnicolasset.com/alternative-trust-q1-commentary-2016-2/) - Alternative Asset Trust Quarterly Report: March 31, 2016 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and
- [Alternative Trust Q2 Commentary - 2016](https://macnicolasset.com/alternative-trust-q2-commentary-2016-2/) - Alternative Asset Trust Quarterly Report: June 30, 2016 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate and mortgages, private equity, high yield bonds and multi-strategy
- [Alternative Trust Q3 Commentary - 2016](https://macnicolasset.com/alternative-trust-q3-commentary-2016/) - Alternative Asset Trust Quarterly Report: September 30, 2016 The MacNicol Alternative Asset Trust is a multi-strategy, alternative investment platform designed to generate positive and uncorrelated returns against the public stock and bond markets. The Trust, through its underlying limited partnerships, is invested in private real estate, private equity, and multi-strategy hedge funds. Combined, the Alternative
- [The Daily - January 9, 2023](https://macnicolasset.com/the-daily-january-9-2023/) - January 9, 2023 Daily Market Commentary Canadian Headlines Canaccord Genuity Group Inc.’s management group is seeking to take the firm private in a C$1.13 billion (about $840 million) deal, taking advantage of a plunge in the share price after last year’s turmoil in capital markets. The management group — which includes the firm’s chief executive officer, chairman
- [MAAM Webinar ACPM Real Estate](https://macnicolasset.com/maam-feature-webinar-real-estate-june-14/) - The Association Of Canadian Pension Management (ACPM) Webinar featuring David MacNicol and Joseph Pochodyniak Email: info@macnicolasset.com with any real estate-specific questions. Learn more about our real estate program.
- [MAAM Monthly Market Update July 2022](https://macnicolasset.com/maam-monthly-market-update-july-2022/) - Advisor and client monthly market outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions.
- [Inside a MAAM Research Meeting July 14, 2022](https://macnicolasset.com/inside-a-maam-research-meeting-july-14-2022-duplicate-1/) - MAAM's Internal Research Meeting S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Global Interest Rates, Wealth Wipe Out, Health Care, Energy.
- [Inside a MAAM Research Meeting July 21, 2022](https://macnicolasset.com/inside-a-maam-research-meeting-july-21-2022/) - MAAM's Internal Research Meeting S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Private Real Estate, Earnings Momentum, Earnings Seasons, Italy Default, Inflation.
- [Inside a MAAM Research Meeting July 28, 2022](https://macnicolasset.com/maam-weekly-research-meeting-july-28-2022/) - MAAM's Internal Research Meeting S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, FED Meeting, U.S. 10 Year Treasury, Yield Curve, Natural Gas Prices, December Energy Futures, Cold December Weather, Jerome Powell, Hawkish, Interest Rate Hikes. Check out more of our videos by clicking here.
- [MAAM Research Meeting September 1, 2022](https://macnicolasset.com/maam-research-meeting-september-1-2022/) - MAAM Research Meeting - September 1, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Metal Pricing, Technical Analysis, Break Points, Markets, Uranium, Sprott Uranium Trust, URNM ETF, Yield Curve, TIPS, US Dollar (DX/Y), Alternative Ways to Calculate Volatility, Jackson Hole, FED, Inflation, Hawkish Powell, Market Upside. Email info@macnicolasset.com to
- [MAAM Monthly Market Update August 2022](https://macnicolasset.com/monthly-market-update-august-2022/) - Advisor and client monthly market outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. August Update: North American Public Equities, Currencies, Interest Rates, Hedge Funds, Technicals.
- [Inside a MAAM Research Meeting August 5, 2022](https://macnicolasset.com/inside-a-maam-research-meeting-august-5-2022/) - MAAM's Internal Research Meeting S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, FED Meeting, U.S. 10 Year Treasury, Yield Curve, Multi-Strategy Hedge Fund Approach, MAAM Absolute Fund Update, Real Estate Update, Alternative Asset Trust. Email info@macnicolasset.com to receive more of our commentary. Check out more of our videos
- [MAAM Research Meeting August 11, 2022](https://macnicolasset.com/maam-research-meeting-august-11-2022/) - MAAM Research Meeting - August 11 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, FED Meeting, Commodity Prices, Gold Prices, Wheat, WEAT, Corn Futures, Commodity Bottom, Agriculture Stocks, Ukraine Agriculture, Russian Invasion, Alternative Real Estate Investments, Financial Charts of the Week, Dumb Money vs. Smart Money, Earnings, Bank Stocks. With
- [MAAM Research Meeting August 18, 2022](https://macnicolasset.com/maam-research-meeting-august-18-2022/) - MAAM Research Meeting - August 18 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Logistics Real Estate Update, Industrial Real Estate, E-Commerce Sales, U.S. E Commerce Sales, Gold Price, Yield Curve, Fund scores, ETFs, Interest Rates, Market Valuations, Which Market is Most Attractive? Email info@macnicolasset.com to receive more
- [MAAM Monthly Market Update September 2022](https://macnicolasset.com/maam-monthly-market-update-september-2022/) - MAAM - Advisor and Client Monthly Market Outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. September Update: North American Public Equities, Technical Analysis, Energy Markets, Uranium, Volatility, USD Strength, Uranium Price, Energy Policy, Japan Uranium, California Extends Nuclear, FED Balance Sheet, U.S. 10 Year Yield, TSX 60 Outlook.
- [MAAM Research Meeting September 15, 2022](https://macnicolasset.com/maam-research-meeting-september-15-2022/) - MAAM Research Meeting - September 15, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, India ETFs, Outperforming Equity Markets, Technical Analysis, Break Points, Markets, Crude Oil Price, Yield Curve, US 10 Year Treasury Yield, US Dollar (DX/Y), Market Upside, CAD/USD Exchange Rate, USD Safe Haven, TelMax Company, Private Equity
- [MAAM Research Meeting September 22, 2022](https://macnicolasset.com/maam-research-meeting-september-22-2022/) - MAAM Research Meeting - September 22, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, India ETFs, Outperforming Equity Markets, Technical Analysis, Break Points, Markets, Crude Oil Price, Corn Spot Price, Wheat Price, Commodities, Best Year Stock Market Performance, Presidential Terms and the Stock Market, What Index has the most
- [MAAM Monthly Market Update October 2022](https://macnicolasset.com/monthly-market-update-october-2022/) - MAAM - Advisor and Client Monthly Market Outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. October Update: 200 Day Moving Averages, TSX Upside, Silver Rally, Precious Metals Bounce, Semiconductor Stocks, North American Public Equities, Technical Analysis, Oil Prices, Silver Prices, Volatility, USD Strength, FED Balance Sheet, U.S. 10 Year Yield, TSX 60 Outlook.
- [MAAM Research Meeting November 3, 2022](https://macnicolasset.com/maam-research-meeting-november-3-2022/) - MAAM Research Meeting - November 3, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Indian Economy, Indian Stocks in U.S., India GDP Growth, Asset Class Rankings - Relatively, Multi Family Residential Real Estate Deal, Percentage Positive Trending Stocks, Natural Gas Shortage, Russian Gas, European Energy Crisis, Natural Gas Bounce,
- [MAAM Monthly Market Update November 2022](https://macnicolasset.com/maam-monthly-market-update-november-2022/) - MAAM - Advisor and Client Monthly Market Outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. November Update: Index Overview for North America, Indian Equities, Indian Economy, Emergence Fund Update (Private Equity Exit), Multifamily Real Estate Deals, Real Estate Growth Markets in the U.S.
- [Exclusive Webinar Featuring MAAM Partner Limestone Boats](https://macnicolasset.com/exclusive-webinar-featuring-maam-partner-limestone-boats/) - The Limestone Boat Company Limited – the owner and builder of heritage brands Limestone®, Aquasport and Boca Bay – is headquartered in Collingwood, Ontario. They manufacture brand models in their own 145,000 sq. ft facility located in White Bluff, Tennessee.
- [MAAM Monthly Webinar The Difference Between Long Only Managers & MacNicol Jan 27 2022](https://macnicolasset.com/maam-monthly-webinar-january-27-2022/)
- [Exclusive Webinar Featuring Dr. Woody Brock January 28, 2022](https://macnicolasset.com/exclusive-webinar-featuring-dr-woody-brock-january-28-2022/)
- [MAAM Monthly Webinar RRSPs February 22, 2022](https://macnicolasset.com/maam-monthly-webinar-rrsps-february-22-2022/)
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- [Exclusive Webinar Featuring Dr. Woody Brock May 2, 2022](https://macnicolasset.com/exclusive-webinar-featuring-dr-woody-brock-may-2-2022/)
- [The Daily - January 5, 2023](https://macnicolasset.com/the-daily-january-5-2023/) - January 5, 2023 Daily Market Commentary Canadian Headlines Home-sales activity slowed to a crawl in Canada’s largest city in December, with just 3,117 homes trading hands to end a year that saw prices decline by a record amount. The benchmark price of a home in Toronto fell 0.8% in December from the month before to
- [OnCore Golf: Going the Distance](https://macnicolasset.com/oncore-golf-going-the-distance-with-golf-balls/) - Technology is reshaping the golf industry. From GPS systems that calculate the distance to the hole to self-driving carts, performance-enhancing club designs and swing analysis systems, we can say that the turf is now greener than ever. This doesn’t just mean a more competitive sports arena but also income-generating opportunities. Which is why we have
- [The Daily - December 2, 2022](https://macnicolasset.com/the-daily-december-2-2022/) - December 2, 2022 Daily Market Commentary Canadian Headlines The Biden administration proposed a ban on waste disposal that would thwart a long-planned gold and copper mine in Alaska, citing the potential harm to the area’s thriving sockeye salmon industry. The Environmental Protection Agency issued a formal recommendation Thursday to bar the disposal of mining waste in Bristol Bay, which
- [The Daily - January 17, 2022](https://macnicolasset.com/the-daily-january-17-2022/) - January 17, 2022 Daily Market Commentary Canadian Headlines The Canadian dollar is strengthening along with other commodity-driven currencies, even as trading is expected to stay subdued during a public holiday in the U.S. Crude prices, already up more than 10% this year, could rise even further because of tight supplies, according to Vitol, the world’s biggest
- [The Daily - August 4, 2022](https://macnicolasset.com/the-daily-august-4-2022/) - August 4, 2022 Daily Market Commentary Canadian Headlines Sun Life Financial Inc.’s second-quarter earnings were boosted by the growth of its Canadian business. Underlying net income in Canada rose 19% to C$344 million ($268 million), driven by higher new-business gains, favorable credit, investments and lower claims volume, according to a statement Wednesday. The Toronto-based company’s asset-management unit
- [The Daily - January 4, 2023](https://macnicolasset.com/the-daily-january-4-2023/) - January 4, 2023 Daily Market Commentary Canadian Headlines Oil’s rough start to the year worsened as a deteriorating demand outlook came to the fore, buttressed by predictions for a US recession, China’s near-term struggles with Covid-19, and milder winter weather. West Texas Intermediate fell below $75 a barrel. Canfor Corp. said it’s extending sawmill curtailments
- [The Daily - January 3, 2023](https://macnicolasset.com/the-daily-january-3-2023/) - January 3, 2023 Daily Market Commentary Canadian Headlines Shopify Inc. spent last year cutting costs. Now, it’s cutting meetings. As employees return from holiday break, the Canadian e-commerce firm said it’s conducting a “calendar purge,” removing all recurring meetings with more than two people “in perpetuity,” while reupping a rule that no meetings at all can be held
- [The Daily - December 22, 2022](https://macnicolasset.com/the-daily-december-22-2022/) - December 22, 2022 Daily Market Commentary Canadian Headlines Superior Plus Corp. said Thursday it agreed to buy fuel-distributor Certarus Ltd. in a deal valued at 1.05 billion Canadian dollars ($771.3 million), bolstering its portfolio with the addition of complementary fuels including compressed natural gas, renewable gas and hydrogen. Superior said it will acquire Certarus for
- [The Daily - December 21, 2022](https://macnicolasset.com/the-daily-december-21-2022/) - December 21, 2022 Daily Market Commentary Canadian Headlines TC Energy pushed back the restart of its Keystone oil pipeline by a week after a 14,000-barrel oil spill shut the conduit, according to people familiar with the matter. The company had expected to begin a full restart Dec. 20 but is now targeting Dec. 28 or 29,
- [The Daily - December 20, 2022](https://macnicolasset.com/the-daily-december-20-2022/) - December 20, 2022 Daily Market Commentary Canadian Headlines Magna International Inc. has agreed to buy a driver-assistance unit from SSW Partners for about $1.5 billion following a drawn-out battle to control previous parent Veoneer Inc. The purchase will complement the Canadian-Austrian automotive supplier’s advanced driver-assistance business with combined sales expected to reach $3 billion in
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- [The Q4 Commentary 2021](https://macnicolasset.com/the-q4-commentary-2021/) - MacNicol’s Quarterly Commentary - January 2022 With this commentary, we plan to communicate with you every month about our thoughts on the markets, some snapshots of metrics, a section on behavioural investing and finally an update on MacNicol & Associates Asset Management (MAAM). We hope you enjoy this information, and it allows you to
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- [MAAM Research Meeting October 20, 2022](https://macnicolasset.com/maam-research-meeting-october-20-2022/) - MAAM Research Meeting - October 20, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Oil Price, Natural Gas Prices, Energy Prices Heading into Winter, Real Estate Relative Strength, Private Real Estate Investing, Asset Sector Rankings, Where is the upside in the market?, REITs, Relative Strength by Sector, Quantitative Update,
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- [MAAM Research Meeting November 10, 2022](https://macnicolasset.com/maam-research-meeting-november-10-2022/) - MAAM Research Meeting - November 10, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, Gold Price, SPDR Gold Trust, Asset Class Rankings - Relatively, Real Estate Deals, Percentage Positive Trending Stocks, VIX Update, FED, CPI, Inflation, Interest Rates. Email info@macnicolasset.com to receive more of our commentary. Check out
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- [MAAM Research Meeting November 24, 2022](https://macnicolasset.com/maam-research-meeting-november-24-2022/) - MAAM Research Meeting - November 24, 2022 S&P 500, Nasdaq 100, TSX 60, Dow Jones, VIX, Bullish vs Bearish, USD, Retail Stocks, Retail Earnings, Dollar Tree, Black Friday Discounts, Emerging Markets ETF, Relative Strength, Energy Prices, Upside in the Market, Emergence Fund Deals, Ticketmaster, Ticketing Business, Long Term Bond Yields, Debt Markets. Email
- [MAAM Monthly Market Update December 2022](https://macnicolasset.com/maam-monthly-market-update-december-2022/) - MAAM - Advisor and Client Monthly Market Outlook. Email: info@macnicolasset.com with any index, stock, or commodity-specific questions. December Update: Index Overview for North America, Country Rankings, Emergence Fund Update, Emerging Markets, U.S. Treasury Yields, Private Medical Companies.
- [The Daily - December 19, 2022](https://macnicolasset.com/the-daily-december-19-2022/) - December 19, 2022 Daily Market Commentary Canadian Headlines The threat of a mass extinction of plant and animal species led 195 nations early Monday to agree to protect and restore at least 30% of the Earth’s land and water by 2030. Rich nations committed to pay an estimated $30 billion a year by 2030 to
- [The Daily - December 16, 2022](https://macnicolasset.com/the-daily-december-16-2022/) - December 16, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell 1.5%, with 11 of 11 sectors lower, led by materials stocks. As of market close, 154 of 237 stocks fell, while 78 rose. TransAlta Renewables Inc. led the declines, falling 17%, while NFI Group Inc. increased 3.7%. Advent International Corp. agreed to buy satellite
- [The Daily - December 15, 2022](https://macnicolasset.com/the-daily-december-15-2022/) - December 15, 2022 Daily Market Commentary Canadian Headlines A section of TC Energy’s Keystone pipeline unaffected by a recent spill, from Alberta to Illinois, was restarted. Oil prices rallied, with WTI over $77. Carlsberg agreed to buy Waterloo Brewing, based in Kitchener, Ontario, for about C$144 million. Ahead Thursday: Canada Mortgage and Housing Corp. will
- [The Daily - December 13, 2022](https://macnicolasset.com/the-daily-december-13-2022/) - December 13, 2022 Daily Market Commentary Canadian Headlines Bank of Montreal, which is working to close the largest acquisition in its history, is selling C$3.15 billion ($2.31 billion) in equity to make sure it can meet Canadian regulators’ recently-increased capital requirements. The bank is issuing C$1.4 billion in shares in a public offering at C$118.60
- [The Daily - December 8, 2022](https://macnicolasset.com/the-daily-december-8-2022/) - December 8, 2022 Daily Market Commentary Canadian Headlines Canada is proposing to change its foreign investment law, creating new powers for a cabinet minister to impose conditions on deals to protect national security. The new legislation was promised in the government’s release of its Indo-Pacific strategy in November. It’s part of a broader government effort to guard
- [The Daily - December 7, 2022](https://macnicolasset.com/the-daily-december-7-2022/) - December 7, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell 1.2%, with 11 of 11 sectors lower, led by health care stocks. As of market close, 198 of 236 stocks fell, while 37 rose. Canopy Growth Corp. led the declines, falling 16%, while Fortuna Silver Mines Inc. increased 2.2%. The Bank of Canada
- [The Daily - December 6, 2022](https://macnicolasset.com/the-daily-december-6-2022/) - December 6, 2022 Daily Market Commentary Canadian Headlines Toronto home prices fell the least this year in November as fewer people put their homes up for sale, slowing a correction that began when interest rates started to march higher. The benchmark home price in Canada’s largest city slipped 0.8% to C$1.09 million ($802,000), the smallest monthly
- [The Daily - December 5, 2022](https://macnicolasset.com/the-daily-december-5-2022/) - December 5, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell 0.2%, with seven of 11 sectors lower, led by real estate stocks. As of market close, 148 of 236 stocks rose, while 86 fell. Tilray Brands Inc. led the advances, rising 9.6%, while Wesdome Gold Mines Ltd. decreased 8.6%. A Blackstone Inc. business
- [RealVision: Disrupting On-Demand TV](https://macnicolasset.com/realvision-disrupting-on-demand-tv-2/)
- [The Daily - December 1, 2022](https://macnicolasset.com/the-daily-december-1-2022/) - December 1, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank is making the most of rising interest rates, with widening lending margins lifting results. Net interest margin -- the difference between what the bank earns on loans and what it pays for deposits -- expanded to 1.81% in the fiscal fourth quarter, up 7 basis points
- [The Daily - November 30, 2022](https://macnicolasset.com/the-daily-november-30-2022/) - November 30, 2022 Daily Market Commentary Canadian Headlines Royal Bank of Canada, which just struck its largest deal ever to expand in its home market, is getting a boost from its dominant position in the country’s retail banking landscape at a time when rising rates are making lending more profitable. Net interest income rose 24%
- [The Daily - November 29, 2022](https://macnicolasset.com/the-daily-november-29-2022/) - November 29, 2022 Daily Market Commentary Canadian Headlines Royal Bank of Canada agreed to buy HSBC Holdings Plc’s Canadian unit -- the country’s seventh-largest bank -- for C$13.5 billion ($10 billion) in cash, expanding its roster of business clients and bulking up its retail presence on the West Coast. The deal is expected to be completed by
- [The Daily - November 28, 2022](https://macnicolasset.com/the-daily-november-28-2022/) - November 28, 2022 Daily Market Commentary Canadian Headlines Canada’s banks are expected to post their second straight quarter of declining earnings as the darkening economic outlook slows loan growth and prompts them to stockpile capital, outweighing the benefit of wider lending margins. Net income at the country’s six largest lenders is projected to have fallen
- [The Daily - November 25, 2022](https://macnicolasset.com/the-daily-november-25-2022/) - November 25, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 0.3%, with nine of 11 sectors higher, led by materials stocks. As of market close, 148 of 236 stocks rose, while 84 fell. Corus Entertainment Inc. led the advances, rising 5.7%, while Wesdome Gold Mines Ltd. decreased 3.5%. Prime Minister Justin Trudeau is set to
- [The Daily - November 23, 2022](https://macnicolasset.com/the-daily-november-23-2022/) - November 23, 2022 Daily Market Commentary Canadian Headlines Alberta announced plans to spend C$2.4 billion ($1.8 billion) on tax breaks and increased social benefits, as the oil-rich Canadian province uses part of its budget surplus to help residents deal with soaring inflation. The package includes a six-month suspension of the provincial fuel tax, C$600 for parents
- [The Daily - November 22, 2022](https://macnicolasset.com/the-daily-november-22-2022/) - November 22, 2022 Daily Market Commentary Canadian Headlines Shaw Communications Inc. told Canada’s Competition Tribunal that it couldn’t compete effectively without merging with Rogers Communications Inc. “This isn’t the first time that we considered consolidation within the sector,” Trevor English, Shaw’s chief financial officer, said Monday in testimony. “This has been part of our process that’s been going on
- [The Daily - November 21, 2022](https://macnicolasset.com/the-daily-november-21-2022/) - November 21, 2022 Daily Market Commentary Canadian Headlines Home Capital Group Inc., the Canadian mortgage lender that nearly collapsed five years ago and was bailed out by Berkshire Hathaway Inc., agreed to a C$1.7 billion ($1.3 billion) takeover by the co-founder of a rival financial firm. Smith Financial Corp., the family holding company of First National Financial Corp. co-founder Stephen Smith,
- [The Daily - November 18, 2022](https://macnicolasset.com/the-daily-november-18-2022/) - November 18, 2022 Daily Market Commentary Canadian Headlines Canada’s government was worried about the hit to its reputation from trucker-convoy trade disruptions as it negotiated with the US on electric-vehicle incentives. Michael Sabia, the top civil servant in the finance department, told a public inquiry into Prime Minister Justin Trudeau’s invocation of emergency powers that border blockades came
- [The Daily - November 17, 2022](https://macnicolasset.com/the-daily-november-17-2022/) - November 17, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. plans to expand into Saudi Arabia, joining BlackRock Inc. and global banks to tap investment opportunities in the biggest Gulf economy. Managing director Aanandjit Sunderaj will relocate to the Riyadh office once open, according to a statement. “There are vast investment opportunities within our main
- [The Daily - November 15, 2022](https://macnicolasset.com/the-daily-november-15-2022/) - November 15, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. is making a foray into the recycling business, creating a new firm with an investment of as much as $700 million through its sustainability fund. Publicly traded Brookfield Renewable Partners LP struck a deal with Closed Loop Partners LLC to establish a company called Circular Services. The new entity, formed
- [The Daily - November 14, 2022](https://macnicolasset.com/the-daily-november-14-2022/) - November 14, 2022 Daily Market Commentary NEWS US stock futures declined Monday and Treasury yields rose as a cautious tone from a Fed speaker tempered some of the ebullience that inflation may have peaked. Contracts on the tech-heavy Nasdaq 100, typically more sensitive to interest rates, slipped 0.6% while those on the S&P 500
- [The Daily - November 11, 2022](https://macnicolasset.com/the-daily-november-11-2022/) - November 11, 2022 Lest we forget. Remembrance Day Daily Market Commentary Canadian Headlines Onex Corp. said Bobby Le Blanc will become its chief executive officer next year, replacing Gerry Schwartz, who has been in charge of the private-equity firm since he founded it in 1984. Le Blanc will take over after next year’s annual meeting. Schwartz, 80, will remain chairman
- [The Daily - November 10, 2022](https://macnicolasset.com/the-daily-november-10-2022/) - November 10, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc.’s earnings declined as volatile markets weighed on valuations of its holdings of private assets. Net income fell to $716 million in the third quarter from $2.7 billion in the same period last year because of lower valuation and disposition gains, the Toronto-based asset
- [The Daily - November 9, 2022](https://macnicolasset.com/the-daily-november-9-2022/) - November 9, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. reported earnings that were below analysts’ estimates, as a network failure cost the company hundreds of millions in revenue from wireless and internet service. The Canadian cable and wireless firm earned 84 Canadian cents a share on an adjusted basis in the third quarter, short
- [The Daily - November 8, 2022](https://macnicolasset.com/the-daily-november-8-2022/) - November 8, 2022 Daily Market Commentary Canadian Headlines Enbridge Inc., Bank of Nova Scotia and Bell Canada are among five issuers selling debt in the Canadian dollar corporate bond market, joining the US and European companies in unleashing a crush of new sales. The energy pipeline company raised C$2 billion ($1.48 billion) by selling securities in three portions while
- [The Daily - November 7, 2022](https://macnicolasset.com/the-daily-november-7-2022/) - November 7, 2022 Daily Market Commentary Canadian Headlines Dream Industrial REIT has partnered with GIC to acquire Summit Industrial Income REIT in an all-cash transaction valued at C$5.9 billion. Dream Industrial REIT to acquire a 10% interest in Summit Industrial Income REIT, representing an approximately C$470 million total equity requirement, with intention to finance
- [Why is industrial real estate a ‘hot’ asset class?](https://macnicolasset.com/why-is-industrial-real-estate-hot/) - Why is industrial real estate a ‘hot’ asset class? - Wealth Professional Featuring Joe Pochodyniak “Demand in the industrial space has been very, very strong,”
- [The Daily - October 25, 2022](https://macnicolasset.com/the-daily-october-25-2022/) - October 25, 2022 Daily Market Commentary Canadian Headlines John Tory cruised to a third term as mayor of Toronto, as voters in Canada’s financial capital opted for a status-quo candidate with a strong fiscal pedigree at a time of growing economic uncertainty. It’s the first time any mayor has won three consecutive elections in Toronto since
- [The Daily - October 26, 2022](https://macnicolasset.com/the-daily-october-26-2022/) - October 26, 2022 Daily Market Commentary Canadian Headlines The Canadian government imposed new conditions on Rogers Communications Inc.’s $14.7 billion takeover of rival Shaw Communications Inc., saying that a divestiture of Shaw’s wireless assets to another firm must guarantee better prices for consumers. Rogers and Shaw have agreed to sell most of Shaw’s wireless division to Quebecor Inc. to
- [The Daily - October 27, 2022](https://macnicolasset.com/the-daily-october-27-2022/) - October 27, 2022 Daily Market Commentary Canadian Headlines Shopify Inc. gained as it reported revenue that beat analysts’ expectations after adding more avenues for merchants to sell and promote their products. Revenue was $1.4 billion in the third quarter, the Ottawa-based company said in a statement Thursday. That exceeded expectations for $1.3 billion, according to the median of
- [The Daily - October 28, 2022](https://macnicolasset.com/the-daily-october-28-2022/) - October 28, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. failed to settle a dispute with Canada’s antitrust watchdog about its takeover of Shaw Communications Inc. during mediated talks, almost certainly sending the parties to court. The companies said they’re committed to the deal and are confident of their chances in litigation. That step is scheduled to begin
- [The Daily - October 31, 2022](https://macnicolasset.com/the-daily-october-31-2022/) - October 31, 2022 Happy Halloween! Daily Market Commentary Canadian Headlines West Texas Intermediate futures dipped below $87 a barrel on Monday after Chinese government figures showed factory and services activity contracted in October. Wheat futures jumped as much as 7.7% early on Monday, with traders pointing to uncertainty about the outlook even as ships loaded with crops are departing Ukraine and
- [The Daily - November 3, 2022](https://macnicolasset.com/the-daily-november-3-2022/) - November 3, 2022 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government will propose a tax on corporate stock buybacks in an effort to encourage companies to invest in domestic operations and workers, Canadian Press reported. The story, which cited an unnamed government official, didn’t elaborate on the plan, which will be part of
- [The Daily - November 2, 2022](https://macnicolasset.com/the-daily-november-2-2022/) - November 2, 2022 Daily Market Commentary Canadian Headlines Canada Goose Holdings Inc. lowered its outlook for the year, saying coronavirus restrictions in China and “significant uncertainty” in the global economy will hurt sales and margins. The shares fell 8% in premarket trading in New York. The Canadian manufacturer of high-end parkas and apparel said it expects
- [Fliteboard: Surfing, Redefined](https://macnicolasset.com/fliteboard-surfing-redefined/) - In an era of innovation, it’s not a foreign concept to integrate technology into every aspect of our lives – especially with sports and leisure. It was 2020 when we first encountered a Fliteboard bombing through South Florida’s steady waters. At a time of panic and pandemic, MacNicol & Associates Asset Management saw a
- [Litigation Funding as an Asset Class](https://macnicolasset.com/litigation-funding-as-an-asset-class/) - Jurissa Financial Holdings Inc. (“JFH”) has received a Permission to Organize for Jurissa International Bank Inc. (“JIB”) from the Puerto Rican Office of Financial Institutions (“OCIF”).
- [The Daily - November 1, 2022](https://macnicolasset.com/the-daily-november-1-2022/) - November 1, 2022 Daily Market Commentary Canadian Headlines The judge presiding over the antitrust case against Rogers Communications Inc.’s takeover of a rival has asked lawyers representing the company and Canada’s antitrust czar whether there’s a solution to the impasse that’s stalling the deal. Chief Justice Paul Crampton ordered legal counsel for Rogers, Shaw Communications Inc. and the federal Competition
- [The Daily - October 24, 2022](https://macnicolasset.com/the-daily-october-24-2022/) - October 24, 2022 Daily Market Commentary Canadian Headlines The Canadian dollar weakened against the US dollar together with all of its G-10 peers as investors remain focused on interests rates in the US and Europe, as well as upcoming earnings reports of megacap technology companies. The Bank of Canada may raise rates by as much
- [The Daily - October 21, 2022](https://macnicolasset.com/the-daily-october-21-2022/) - October 21, 2022 Daily Market Commentary Canadian Headlines Just 41% of US travelers said in a June 2022 sentiment survey that they had a trip to Canada planned in the following nine months. Granted this was before Canada announced an end to all entry requirements as of Oct. 1, but confidence in vacationing north of the border has taken a hit. Consider
- [The Daily - October 20, 2022](https://macnicolasset.com/the-daily-october-20-2022/) - October 20, 2022 Daily Market Commentary Canadian Headlines Trudeau’s Bold Climate Goals Belie Minimal Progress on Emissions. Prime Minister Justin Trudeau pitches Canada as a global climate leader, one that’s adopted increasingly bold climate targets and policies under his watch. But Canada’s greenhouse gas emissions tell an entirely different story. In the seven years since Trudeau
- [The Daily - October 19, 2022](https://macnicolasset.com/the-daily-october-19-2022/) - October 19, 2022 Daily Market Commentary Canadian Headlines Canadian heavy crude exports from US Gulf Coast ports have sharply rebounded as India takes advantage of sharply discounted prices, according to oil-tracker Vortexa. A total of 3.3 million barrels of Access Western Blend, a crude grade produced in the oil sands of Alberta, are scheduled to
- [The Daily - October 18, 2022](https://macnicolasset.com/the-daily-october-18-2022/) - October 18, 2022 Daily Market Commentary Canadian Headlines One of Canadian Prime Minister Justin Trudeau’s longest-serving economic advisers said progressive governments need to reckon with the unequal impact of inflation, arguing it requires carefully-targeted spending. Tyler Meredith, who left government last month after nearly seven years, warned that Canada’s 40-year-high inflation rate “hurts, most importantly, the
- [The Daily - October 17, 2022](https://macnicolasset.com/the-daily-october-17-2022/) - October 17, 2022 Daily Market Commentary Canadian Headlines Crédit Agricole’s asset servicing banking group CACEIS signs MoU to acquire the European asset servicing activities of RBC Investor Services, according to statement. Deal includes custody, global custody FX, fund administration, transfer agency, middle office and securities lending as well as associated Malaysian center of excellence. Together,
- [The Daily - October 11, 2022](https://macnicolasset.com/the-daily-october-11-2022/) - October 11, 2022 Daily Market Commentary Canadian Headlines Royal Bank of Canada expects to gain more market share in the UK wealth-management business in the years ahead, with its technological capabilities key to attracting clients. Canada’s largest bank recently completed its 1.6 billion-pound ($1.8 billion) acquisition of Brewin Dolphin Holdings Plc, vaulting its wealth-management operation to the No. 3
- [The Daily - October 6, 2022](https://macnicolasset.com/the-daily-october-6-2022/) - October 6, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. is joining with independent publisher Primary Wave Music in a $2 billion deal to invest in music copyrights, the companies said. The asset manager, which hasn't previously invested in music catalogs, will take a significant minority interest in Primary Wave, and commit $1.7
- [The Daily - October 5, 2022](https://macnicolasset.com/the-daily-october-5-2022/) - October 5, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management Inc. is in advanced talks to acquire Hong Kong-based clothing label maker Trimco Group from buyout firm Affinity Equity Partners, according to people familiar with the matter. The investment firms are hammering out the details of a transaction that could value Trimco at as much as $1 billion,
- [The Daily - October 4, 2022](https://macnicolasset.com/the-daily-october-4-2022/) - October 4, 2022 Daily Market Commentary Canadian Headlines HSBC Holdings Plc is exploring a sale of its operations in Canada, the latest move to streamline the lender that is seeking to head off a call by its largest shareholder to split up. A potential sale of HSBC’s 100% equity stake in HSBC Bank Canada is among
- [The Daily - October 3, 2022](https://macnicolasset.com/the-daily-october-3-2022/) - October 3, 2022 Daily Market Commentary Canadian Headlines Quebecers are heading to the polls today after a five-week provincial election campaign dominated by issues such as immigration, the environment and the rising cost of living. Polls have suggested Coalition Avenir Québec Leader François Legault is poised to cruise to a second majority, with support more
- [The Daily - September 29, 2022](https://macnicolasset.com/the-daily-september-29-2022/) - September 29, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management’s renewable-power unit is buying wind and solar firm Scout Clean Energy LLC for $1b and Standard Solar Inc. for $530m, Dow Jones reports citing company officials. The Bank of Canada will begin publishing a minutes-like summary of deliberations by officials after each policy decision in an
- [The Daily - September 28, 2022](https://macnicolasset.com/the-daily-september-28-2022/) - September 28, 2022 Daily Market Commentary Canadian Headlines Canadian theater chain Cineplex Inc. has weighed a merger with Cineworld Group Plc’s US arm, and has discussed a potential deal with the UK company’s lenders, the Wall Street Journal reported. Cineplex has proposed taking over Regal Entertainment Group, and would give Cineworld’s lenders debt and stock backed by the combined
- [The Daily - September 27, 2022](https://macnicolasset.com/the-daily-september-27-2022/) - September 27, 2022 Daily Market Commentary Canadian Headlines The Ontario Municipal Employees Retirement System hired advisers to approach lenders to test the appetite for financing a leveraged buyout of French calibration company Trescal, Bloomberg reported. The pension fund, which bought Trescal in 2018, is sounding out financing sources in the early stages, since the availability of debt
- [The Daily - September 26, 2022](https://macnicolasset.com/the-daily-september-26-2022/) - September 26, 2022 Daily Market Commentary Canadian Headlines Bank of Nova Scotia Chief Executive Officer Brian Porter is stepping down in January and handing the reins to Finning International Inc. CEO Scott Thomson, a rare selection of an outside executive to run one of Canada’s largest banks. Thomson will become Scotiabank’s president on Dec. 1
- [The Daily - September 23, 2022](https://macnicolasset.com/the-daily-september-23-2022/) - September 23, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the third day, dropping 0.9%, or 181.86 to 19,002.68 in Toronto. The index dropped to the lowest closing level since July 26. Shopify Inc. contributed the most to the index decline, decreasing 6.3%. Canopy Growth Corp. had the largest drop, falling 7.1%.
- [The Daily - September 22, 2022](https://macnicolasset.com/the-daily-september-22-2022/) - September 22, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the second day, dropping 1%, or 184.15 to 19,184.54 in Toronto. The index dropped to the lowest closing level since Sept. 6. Toronto-Dominion Bank contributed the most to the index decline, decreasing 2.0%. Canopy Growth Corp. had the largest drop, falling 4.6%.
- [The Daily - September 21, 2022](https://macnicolasset.com/the-daily-september-21-2022/) - September 21, 2022 Daily Market Commentary Canadian Headlines Manulife Financial Corp. and Sun Life Financial Inc., Canada’s two largest life insurers, each finance emissions equal to those of Ontario and Quebec, making it imperative for the firms to accelerate their climate plans, according to an advocacy group. Manulife finances emissions of about 277 million tons of carbon
- [The Daily - September 20, 2022](https://macnicolasset.com/the-daily-september-20-2022/) - September 20, 2022 Daily Market Commentary Canadian Headlines Walmart Canada will build a fulfillment centre in Quebec as part of its $1 billion investment in infrastructure this year. Facility to open in 2024. Investment to provide more than 2,500 trade and construction jobs across Canada. World Headlines European stocks fell as investors braced for interest-rate
- [The Daily - September 19, 2022](https://macnicolasset.com/the-daily-september-19-2022/) - September 19, 2022 Daily Market Commentary Canadian Headlines Ontario Teachers’ Pension Plan Board has acquired a co-control stake in GPA Global from EQT Private Equity and other minority shareholders, OTPP says in a statement. GPA’s two founders, Tom Wang and Adam Melton, will roll over their respective ownership and continue to lead the company World
- [The Daily - September 15, 2022](https://macnicolasset.com/the-daily-september-15-2022/) - September 15, 2022 Daily Market Commentary Canadian Headlines Ontario’s government is creating an economic advisory group with representatives from Stellantis NV and three indigenous groups to try to advance billions of dollars of investment in clean energy and infrastructure projects. The governments of Canada and Ontario have provided financial support to a raft of electric vehicle initiatives
- [The Daily - September 14, 2022](https://macnicolasset.com/the-daily-september-14-2022/) - September 14, 2022 Daily Market Commentary Canadian Headlines The Canadian government has declared Monday a federal holiday for the funeral of Queen Elizabeth II, but financial markets will function normally. TMX Group Ltd., operator of the Toronto Stock Exchange, said the main exchange, the TSX Venture Exchange and TSX Alpha Exchange will follow normal trading
- [The Daily - September 13, 2022](https://macnicolasset.com/the-daily-september-13-2022/) - September 13, 2022 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 1.1%, with 11 of 11 sectors higher, led by energy stocks. As of market close, 213 of 237 stocks rose, while 21 fell. New Gold Inc. led the advances, rising 8.1%, while Corus Entertainment Inc. decreased 8.2%. Ontario Teachers’ Pension Plan Board, one
- [The Daily - September 12, 2022](https://macnicolasset.com/the-daily-september-12-2022/) - September 12, 2022 Daily Market Commentary Canadian Headlines Around the world, soaring borrowing costs are squeezing homebuyers and property owners alike. From Sydney to Stockholm to Seattle, buyers are pulling back as central banks raise interest rates at the fastest pace in decades, sending house prices falling. Meanwhile, millions of people who borrowed cheaply to purchase
- [The Daily - September 2, 2022](https://macnicolasset.com/the-daily-september-2-2022/) - September 2, 2022 Daily Market Commentary Canadian Headlines Canadian equities dropped for the fifth straight day as energy and materials stocks tumbled. The S&P/TSX Composite fell 1%, or 188.09 to 19,142.72 in Toronto. The index dropped to the lowest closing level since July 26. Bank of Nova Scotia contributed the most to the index decline,
- [The Daily - September 1, 2022](https://macnicolasset.com/the-daily-september-1-2022/) - September 1, 2022 Daily Market Commentary Canadian Headlines Canadian equities drop to their lowest level since late July, led by energy as oil posted a third monthly drop -- the longest losing streak in more than two years. The S&P/TSX Composite fell for the fourth day, dropping 0.9%, or 182.09 to 19,330.81 in Toronto. The
- [The Daily - August 31, 2022](https://macnicolasset.com/the-daily-august-31-2022/) - August 31, 2022 Daily Market Commentary Canadian Headlines Canadian equities tumbled in their biggest one-day drop in more than two months as slumping oil and copper prices dragged down energy and materials stocks. The S&P/TSX Composite fell for the third day, dropping 1.6%, or 323.22, to 19,512.90 in Toronto. The move was the biggest
- [The Daily - August 30, 2022](https://macnicolasset.com/the-daily-august-30-2022/) - August 30, 2022 Daily Market Commentary Canadian Headlines Bank of Montreal became another victim of the slowdown in capital markets last quarter, as a slump in equity and debt issuances reduced investment-banking fees. Capital-markets revenue fell 20% to C$1.26 billion ($974 million) in the fiscal third quarter, the Toronto-based company said in a statement Tuesday. Overall profit missed
- [The Daily - August 29, 2022](https://macnicolasset.com/the-daily-august-29-2022/) - August 29, 2022 Daily Market Commentary Canadian Headlines A slump in capital-markets activity and expectations that the economy may take a turn for the worse are casting a pall over a Canadian bank earnings season that showed the lenders’ core businesses in otherwise solid shape. Five of Canada’s six largest banks posted fiscal third-quarter results
- [The Daily - August 26, 2022](https://macnicolasset.com/the-daily-august-26-2022/) - August 26, 2022 Daily Market Commentary Canadian Headlines Canada’s Open Text Corp. struck a deal to buy UK software firm Micro Focus International Plc for about $6 billion including debt, building on a strategy of growth by acquisition. The Waterloo, Ontario-based company is offering 532 pence per Micro Focus share, a 99% premium to Thursday’s closing price. Open Text said
- [The Daily - August 25, 2022](https://macnicolasset.com/the-daily-august-25-2022/) - August 25, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank, which has struck deals this year for two major acquisitions to expand in the US, reaped the benefit of higher interest rates and continued strong loan growth last quarter. Net interest income rose 17% to C$7.04 billion ($5.45 billion) in the fiscal third quarter, the Toronto-based
- [The Daily - August 24, 2022](https://macnicolasset.com/the-daily-august-24-2022/) - August 24, 2022 Daily Market Commentary Canadian Headlines Royal Bank of Canada’s capital-markets division dragged down the company’s results last quarter as slumping investment-banking activity took a toll on revenue, while a deteriorating economic outlook prompted a bigger-than-expected provision for loan losses. RBC Capital Markets’ revenue fell by a third to C$1.65 billion ($1.27 billion) in
- [The Daily - August 23, 2022](https://macnicolasset.com/the-daily-august-23-2022/) - August 23, 2022 Daily Market Commentary Canadian Headlines Bank of Nova Scotia’s years-long turnaround of its Latin America-focused international unit faced a setback last quarter as the division’s lending margins contracted and non-interest revenue slipped. The unit’s total revenue came in at C$2.42 billion ($1.86 billion) in the fiscal third quarter, the Toronto-based bank said
- [The Daily - August 18, 2022](https://macnicolasset.com/the-daily-august-18-2022/) - August 18, 2022 Daily Market Commentary Canadian Headlines Phillips 66, Enbridge Swap Stakes in US Pipes Through JV Merger. Phillips 66 and Enbridge Inc. swapped interests in two major US pipelines as part of a transaction to merge joint ventures between the companies. Phillips 66 increased its ownership of DCP Midstream LP to 43.3% from 28.3% while slashing its stake in Gray
- [The Daily - August 17, 2022](https://macnicolasset.com/the-daily-august-17-2022/) - August 17, 2022 Daily Market Commentary Canadian Headlines Ontario Teachers’ Pension Plan Board, one of Canada’s largest public-sector pension managers, is among shortlisted bidders to acquire a stake in specialty packaging company GPA Global from buyout firm EQT AB. OTPP, as the investment firm is known, is competing with Asian private equity firm FountainVest Partners, the people
- [The Daily - August 16, 2022](https://macnicolasset.com/the-daily-august-16-2022/) - August 16, 2022 Daily Market Commentary Canadian Headlines Quebec Auditor General Guylaine Leclerc forecasts a significant drop in the provincial deficit, according to a pre-election report. “Some expenses may not be realized as expected, and more persistent inflation could have temporary positive effects on incomes of the government,” it says. Budget deficit is expected to
- [The Daily - August 15, 2022](https://macnicolasset.com/the-daily-august-15-2022/) - August 15, 2022 Daily Market Commentary Canadian Headlines Home Capital Group Inc., the Canadian mortgage lender that Berkshire Hathaway Inc. helped rescue five years ago, says it turned down an approach from an unnamed buyer because the price was too low. Toronto-based Home Capital didn’t disclose the exact amount of the offer but said it was more than
- [The Daily - August 12, 2022](https://macnicolasset.com/the-daily-august-12-2022/) - August 12, 2022 Daily Market Commentary Canadian Headlines Rogers Communications, Shaw Communications, and Quebecorhave entered into a definitive agreement for the sale of Freedom Mobile to Quebcor subsidiary Videotron, subject to regulatory approvals and closing of the merger of Shaw and Rogers, according to a statement. Companies believe transaction will address concerns raised by Canada’s Commissioner of Competition
- [The Daily - August 11, 2022](https://macnicolasset.com/the-daily-august-11-2022/) - August 11, 2022 Daily Market Commentary Canadian Headlines Manulife Financial Corp.’s Canadian business boosted profit last quarter on the back of rising sales and lower-than-expected benefit use, cushioning the toll that continued Covid restrictions are taking on its Asian operations. Core earnings in Canada rose 8.5% from a year earlier to C$345 million ($270 million)
- [The Daily - August 10, 2022](https://macnicolasset.com/the-daily-august-10-2022/) - August 10, 2022 Daily Market Commentary Canadian Headlines West Fraser Timber said it’s permanently curtailing ~170m board feet of combined production at its Fraser Lake and Williams Lake sawmills and ~85m square feet of plywood production at its Quesnel Plywood mill. Expected to impact 77 positions at Fraser Lake, 15 at Williams Lake and 55
- [The Daily - August 9, 2022](https://macnicolasset.com/the-daily-august-9-2022/) - August 9, 2022 Daily Market Commentary Canadian Headlines Investment group Fairfax Financial Holdings Ltd. has pitched a take-private deal for Recipe Unlimited Corp.that values the Canadian restaurant chain at about C$1.2 billion ($933 million). Toronto-based Fairfax would pay C$20.73 in cash for the company, which owns fast-casual and fast-food brands such as East Side Mario’s, Kelseys and Swiss Chalet.
- [The Daily - August 6, 2022](https://macnicolasset.com/the-daily-august-6-2022/) - August 6, 2022 Daily Market Commentary Canadian Headlines Barrick Gold Corp. became one of the few major mining companies this earnings season to deliver a positive surprise, navigating cost inflation and production challenges to exceed analysts’ estimates. The world’s No. 2 gold producer on Monday reported adjusted earnings of 24 cents a share for the second quarter versus
- [The Daily - August 5, 2022](https://macnicolasset.com/the-daily-august-5-2022/) - August 5, 2022 Daily Market Commentary Canadian Headlines TC Energy Corporation today announced that it has entered into an agreement with a syndicate of underwriters led by RBC Capital Markets and Scotiabank, pursuant to which the underwriters have agreed to purchase, on a bought deal basis, 28,400,000 common shares of the Company at a price
- [The Daily - August 3, 2022](https://macnicolasset.com/the-daily-august-3-2022/) - August 3, 2022 Daily Market Commentary Canadian Headlines Semiconductor maker Semtech Corp. is acquiring Sierra Wireless Inc. in all-cash transaction valuing the Canadian company at $1.2 billion including debt. Semtech said in a statement Tuesday that it’s paying $31 a share for Sierra Wireless, a premium of about 25% to Friday’s closing price before Bloomberg News reported the merger talks. The
- [The Daily - August 2, 2022](https://macnicolasset.com/the-daily-august-2-2022/) - August 2, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank agreed to buy US brokerage Cowen Inc.for $1.3 billion in cash, bulking up its presence in American capital markets just months after striking a historic deal to expand its retail operations in the country. Toronto-Dominion agreed to pay $39 a share, according to a statement Tuesday. The acquisition
- [The Daily - July 29, 2022](https://macnicolasset.com/the-daily-july-29-2022/) - July 29, 2022 Daily Market Commentary Canadian Headlines A lingering trade dispute between the US and Canada is expected to keep tariffs on softwood lumber in place, adding to soaring inflation costs. The US is expected to lower duty rates on Canadian softwood lumber in a ruling next week, but not get rid of them, said Susan Yurkovich,
- [The Daily - July 28, 2022](https://macnicolasset.com/the-daily-july-28-2022/) - July 28, 2022 Daily Market Commentary Canadian Headlines In a mining reporting season marked by stickier-than-expected inflation, at least one producer saw the rising costs coming. Agnico Eagle Mines Ltd. took out protection against pricier fuel amid an energy squeeze exacerbated by Russia’s invasion of Ukraine, while hedging its foreign-exchange exposure as central banks in the
- [The Daily - July 27, 2022](https://macnicolasset.com/the-daily-july-27-2022/) - July 27, 2022 Daily Market Commentary Canadian Headlines Shopify Inc. slumped in premarket trading after the company kicked off earnings season for e-commerce firms with a second-quarter result that missed analysts’ estimates. The Ottawa-based company fell more than 6% to $29.47 in premarket trading in New York as of 7:13 a.m. Shopify posted a loss of
- [The Daily - July 26, 2022](https://macnicolasset.com/the-daily-july-26-2022/) - July 26, 2022 Daily Market Commentary Canadian Headlines Central banks are responsible for soaring inflation rates around the world and should admit that they over-stimulated economies during the pandemic. That’s the view of former New Zealand central bank governor Graeme Wheelerand Bryce Wilkinson, a senior research fellow with the New Zealand Initiative think tank, who have
- [The Daily - July 25, 2022](https://macnicolasset.com/the-daily-july-25-2022/) - July 25, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. said it plans to invest C$10 billion ($7.8 billion) over the next three years in networks to improve reliability after a massive outage earlier this month. The House of Commons industry committee will hold hearings Monday on that incident. Crypto platform Voyager Digital LLC said a joint offer proposed
- [The Daily - July 20, 2022](https://macnicolasset.com/the-daily-july-20-2022/) - July 20, 2022 Daily Market Commentary Canadian Headlines Statistics Canada will report inflation numbers for June at 8:30 a.m. Ottawa time, with economists expecting a print of 8.4%, potentially setting up more aggressive Bank of Canada rate hikes this fall. The rapid increase in rates this year is already evident in housing markets in cities
- [The Daily - July 19, 2022](https://macnicolasset.com/the-daily-july-19-2022/) - July 19, 2022 Daily Market Commentary Canadian Headlines (Reuters) - Private equity firm CVC Capital and wood panel manufacturer Kronospan have submitted a joint expression of interest to acquire Canadian lumber company West Fraser Timber Co, people familiar with the matter said on Tuesday. Suncor Energy Inc.’s decision to bow to investor pressure and investigate
- [The Daily - July 18, 2022](https://macnicolasset.com/the-daily-july-18-2022/) - July 18, 2022 Daily Market Commentary Canadian Headlines Suncor Energy Inc. reached a deal with activist investor Elliott Investment Management LP to appoint three new directors to the Canadian oil sands company’s board and review its retail business for a possible sale. The refreshed board will form a committee to conduct the review of the downstream assets, Suncor
- [The Daily - July 15, 2022](https://macnicolasset.com/the-daily-july-15-2022/) - July 15, 2022 Daily Market Commentary Canadian Headlines Canadian bank stocks slid the most in more than two years as the first round of earnings from US lenders weighed on the outlook for the financial sector amid growing fears of a recession. The S&P/TSX Composite Commercial Banks Index, which tracks Canada’s eight largest lenders, dropped 3.8%
- [The Daily - July 14, 2022](https://macnicolasset.com/the-daily-july-14-2022/) - July 14, 2022 Daily Market Commentary Canadian Headlines Canadian stocks pared earlier losses after the market dipped to its lowest point since March 2021 on the Bank of Canada’s largest interest-rate hike since 1998. The S&P/TSX Composite Index ended the session 0.3% lower, rebounding from a 1.6% intraday drop after the central bank lifted interest rates by
- [The Daily - July 13, 2022](https://macnicolasset.com/the-daily-july-13-2022/) - July 13, 2022 Daily Market Commentary Canadian Headlines Cable and wireless firm Rogers Communications Inc. said it will give customers a credit worth five days of service as compensation for last week’s network failure, which knocked more than 10 million people offline and temporarily choked Canada’s payments system. The move is “a first step” to regain the trust
- [The Daily - July 12, 2022](https://macnicolasset.com/the-daily-july-12-2022/) - July 12, 2022 Daily Market Commentary Canadian Headlines Canadian equities dipped as investors sold risky stocks -- cannabis, tech, and consumer discretionary -- amid recession fears ahead of the Bank of Canada’s rate decision this week. This marks the second day of losses for the S&P/TSX index, which dropped 1.1%, or 206.06 to 18,816.80 in
- [The Daily - July 8, 2022](https://macnicolasset.com/the-daily-july-8-2022/) - July 8, 2022 Daily Market Commentary Canadian Headlines Germany expects Canada to release a key Russian pipeline part caught up in sanctions, a move that both Berlin and Moscow have said could ease the squeeze on gas flows to Europe. According to a person familiar with the situation, Germany expects Canada to send the turbine
- [The Daily - July 4, 2022](https://macnicolasset.com/the-daily-july-4-2022/) - July 4, 2022 Daily Market Commentary Canadian Headlines A Chinese-Canadian tycoon who was seized at a Hong Kong hotel five years ago and has lost much of his business empire to the Chinese government is going on trial on Monday. The Canadian embassy in Beijing said in a statement that it was aware Xiao Jianhua’s trial
- [The Daily - June 30, 2022](https://macnicolasset.com/the-daily-june-30-2022/) - June 30, 2022 Daily Market Commentary Canadian Headlines Canadian Prime Minister Justin Trudeau’s government released a long-anticipated plan to slash motor fuel emissions, setting up a potential clash with the country’s hydrocarbon producing provinces. The Clean Fuel Regulations aim to reduce emissions from motor fuels by 26.6 million metric tons by 2030, according to a statement from the
- [The Daily - June 27, 2022](https://macnicolasset.com/the-daily-june-27-2022/) - June 27, 2022 Daily Market Commentary Canadian Headlines The war in Ukraine has highlighted the risks associated with the supply chain for metals needed for the energy transition. Canada has the potential to become a metals powerhouse for batteries and electric vehicles, harnessing its significant raw material resources, hydropower capacity and proximity to the large
- [The Daily - June 24, 2022](https://macnicolasset.com/the-daily-june-24-2022/) - June 24, 2022 Daily Market Commentary Canadian Headlines • Recession Fears Sink Canadian Banks Into 20% Drop From High. Canadian banks fell about 20% from their record high set in early February as recession fears send investors fleeing. The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another
- [The Daily - June 22, 2022](https://macnicolasset.com/the-daily-june-22-2022/) - June 22, 2022 Daily Market Commentary Canadian Headlines Brookfield Asset Management said it raised $15 billion for the Brookfield Global Transition Fund, including investments from institutional investors in and alongside the Fund, as well as amounts reserved for the private wealth channel. BGTF focuses on investments to accelerate the global transition to a net zero
- [The Daily - June 17, 2022](https://macnicolasset.com/the-daily-june-17-2022/) - June 17, 2022 Daily Market Commentary Canadian Headlines Canadian equities plunged to their biggest drop since June 2020, hitting their lowest point in 14 months as concerns mount that a recession is coming. The S&P/TSX Composite fell 3.1% at 19,004.06 in Toronto. Toronto-Dominion Bank contributed the most to the index decline, decreasing 3.4%. Cargojet Inc.
- [The Daily - June 13, 2022](https://macnicolasset.com/the-daily-june-13-2022/) - June 13, 2022 Daily Market Commentary Canadian Headlines Canadian equities notched their worst week since mid-May as a hot US consumer-price index added to concern the Federal Reserve may be even more aggressive with rate hikes. The S&P/TSX Composite fell for the third day, dropping 1.4%, or 289.07, to 20,274.82 in Toronto. The move was
- [The Daily - June 8, 2022](https://macnicolasset.com/the-daily-june-8-2022/) - June 8, 2022 Daily Market Commentary Canadian Headlines Canada Pension Plan Investment Board and OMERS Infrastructure are exploring the sale of their lease attached to the Chicago Skyway Toll Bridge, according to people with knowledge of the matter. The firms are working with an adviser to solicit interest in the 7.8-mile (12.6 kilometers) toll-road concession, the people said,
- [The Daily - June 6, 2022](https://macnicolasset.com/the-daily-june-6-2022/) - June 6, 2022 Daily Market Commentary Canadian Headlines Dubai is selling stakes in some of its most prized assets, including the port that helped transform the city into a global trade hub, to a Canadian fund as the emirate seeks to alleviate its debt burden. Caisse de Depot et Placement du Quebec agreed to invest
- [The Daily - June 3, 2022](https://macnicolasset.com/the-daily-june-3-2022/) - June 3, 2022 Daily Market Commentary Canadian Headlines Doug Ford cruised to a second victory as Ontario’s premier, cementing his control over Canada’s most populous province for the next four years after promising to steer the economy to a post-pandemic recovery with heavy spending on infrastructure. His Progressive Conservatives won a handy majority, leading or elected
- [The Daily - May 31, 2022](https://macnicolasset.com/the-daily-may-31-2022/) - May 31, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. and Shaw Communications Inc.agreed not to close their C$20 billion ($15.8 billion) deal until antitrust problems are dealt with and said they’re working to negotiate a solution to satisfy Canadian regulators’ concerns. The companies agreed to a temporary halt on completing the merger. That removes one
- [The Daily - May 30, 2022](https://macnicolasset.com/the-daily-may-30-2022/) - May 30, 2022 Daily Market Commentary Canadian Headlines • GIC Pte. and Greystar Real Estate Partners have agreed to buy one of the UK’s largest student-accommodation businesses from Brookfield Asset Management Inc., according to people familiar with the matter. The Singaporean wealth fund and US-based property investor are putting the finishing touches on a roughly
- [The Daily - May 27, 2022](https://macnicolasset.com/the-daily-may-27-2022/) - May 27, 2022 Daily Market Commentary Canadian Headlines National Bank of Canada’s fiscal second-quarter results got a boost from a surge in trading as recession fears roiled markets. Revenue in the financial-markets unit rose 7.7% to C$632 million ($496 million) in the three months through April, the Montreal-based lender said Friday. That beat analysts’ C$524.4 million average projection.
- [The Daily - May 26, 2022](https://macnicolasset.com/the-daily-may-26-2022/) - May 26, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank’s US personal-banking business benefited from continued strength in the housing market and robust credit conditions in the fiscal second quarter. Revenue in the US retail segment came in at C$2.32 billion ($1.81 billion) in the three months through April, the Toronto-based bank said Thursday. That’s up 12% from
- [The Daily - May 24, 2022](https://macnicolasset.com/the-daily-may-24-2022/) - May 20, 2022 Daily Market Commentary Canadian Headlines Fortis Inc. plans to increase its presence in the green bond market via transactions from subsidiaries as the C$58 billion ($45 billion) asset company moves to reduce its greenhouse gas emissions, Chief Financial Officer Jocelyn Perry said. The St. John’s, Newfoundland-based power utility, which operates in nine US states, five
- [The Daily - May 20, 2022](https://macnicolasset.com/the-daily-may-20-2022/) - May 20, 2022 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government joined Canada’s closest intelligence allies in banning Huawei Technologies Co. from fifth-generation wireless networks. The Chinese state-championed telecommunications firm poses a threat to Canada’s national security, Industry Minister Francois-Philippe Champagne said Thursday, confirming an earlier Bloomberg News report. ZTE Corp. equipment will also be prohibited. Firms that already have
- [The Daily - May 17, 2022](https://macnicolasset.com/the-daily-may-17-2022/) - May 17, 2022 Daily Market Commentary Canadian Headlines BHP Sees ‘Strong Case’ for Expansion at Canada Potash Project. BHP Group has begun studies for Stage 2 at the Jansen potash project, which would add around an additional 4 million tons per year, according to copy of speech by CEO Mike Henry at industry conference Tuesday. Co. is
- [The Daily - May 16, 2022](https://macnicolasset.com/the-daily-may-16-2022/) - May 16, 2022 Daily Market Commentary Canadian Headlines The global lithium industry needs as much as $42 billion of investment by the end of the decade in order to meet demand for the crucial battery-making material, with attempts to build supply chains outside of China subject to much higher costs, according to a data and
- [The Daily - May 12, 2022](https://macnicolasset.com/the-daily-may-12-2022/) - May 12, 2022 Daily Market Commentary Canadian Headlines Canadian stocks sunk for a fifth straight day, closing in correction territory on Wednesday for the first time since the pandemic-induced crash in 2020, as investors flee equity markets amid rate hikes and recession concerns. The S&P/TSX Composite Index closed 0.3% lower on Wednesday and has tumbled more
- [The Daily - May 11, 2022](https://macnicolasset.com/the-daily-may-11-2022/) - May 11, 2022 Daily Market Commentary Canadian Headlines Canadian stocks dropped for a fourth straight day, closing on the brink of the first correction since 2020, as investors exit risk assets on concerns about rate hikes and slowing economic growth. The S&P/TSX Composite Index closed 0.6% lower on Tuesday after Federal Reserve Bank of Cleveland President
- [The Daily - May 10, 2022](https://macnicolasset.com/the-daily-may-10-2022/) - May 10, 2022 Daily Market Commentary Canadian Headlines Canadian equities plunged the most in nearly two years as energy and materials stocks plunged amid slumping crude oil, fertilizer and metals prices. The S&P/TSX Composite fell for the third day, dropping 3.1%, or 633.6 to 19,999.69 in Toronto. The benchmark index hit its lowest point since
- [The Daily - May 9, 2022](https://macnicolasset.com/the-daily-may-9-2022/) - May 9, 2022 Daily Market Commentary Canadian Headlines To close one of Canada’s biggest-ever takeovers, Rogers Communications Inc. may need help from an unlikely ally: a rival telecommunications company led by an outspoken Quebec separatist with a penchant for lawsuits. Rogers is trying to acquire Shaw Communications Inc. for about C$20 billion ($15.5 billion), but the deal is in
- [The Daily - May 6, 2022](https://macnicolasset.com/the-daily-may-6-2022/) - May 6, 2022 Daily Market Commentary Canadian Headlines Telus reported Friday Q1 adjusted earnings of CA$0.30 ($0.23) per share, compared with CA$0.27 a year ago. The company said Q1 revenue was CA$4.28 billion, up from CA$4.02 billion last year. The company also reiterated its full-year guidance of 8% to 10% growth in revenue and adjusted
- [The Daily - May 5, 2022](https://macnicolasset.com/the-daily-may-5-2022/) - May 5, 2022 Daily Market Commentary Canadian Headlines Canadian stocks staged a turnaround from earlier losses, following a rally in U.S. markets after the U.S. Federal Reserve said that it will likely maintain rate increases of 50 basis-point for the “next couple of meetings.” The S&P/TSX Composite rose for the second day, climbing 1.3%, or
- [The Daily - May 4, 2022](https://macnicolasset.com/the-daily-may-3-2022-duplicate-1/) - May 4, 2022 Daily Market Commentary Canadian Headlines Natural resources stocks surged and led a 1% rise for Canada’s S&P/TSX Composite index to 20,905.28 in Toronto, snapping a two-day losing streak. Nutrien Ltd. contributed the most to the index gain, increasing 6.0%. SSR Mining Inc. had the largest percentage increase, rising 7.5%. Toronto home prices
- [The Daily - May 3, 2022](https://macnicolasset.com/the-daily-may-3-2022/) - May 3, 2022 Daily Market Commentary Canadian Headlines Thomson Reuters Corp. on Tuesday beat expectations on revenues and adjusted earnings beat expectations in the first quarter, benefiting from growth among its Big 3 business segments. Revenue came in at $1.67 billion, up from $1.58 billion a year ago. According to analysts polled on FactSet, revenue
- [The Daily - May 2, 2022](https://macnicolasset.com/the-daily-may-2-2022/) - May 2, 2022 Daily Market Commentary Canadian Headlines A real estate company with apartment buildings in five U.S. states is set to list in Toronto, ending a deep freeze in Canada’s market for initial public offerings. Dream Residential Real Estate Investment Trust expects to close its $125 million offering and begin trading on May 6, according
- [The Daily - April 28, 2022](https://macnicolasset.com/the-daily-april-28-2022/) - April 28, 2022 Daily Market Commentary Canadian Headlines Block Inc., the digital-payments firm run by Jack Dorsey, is expanding its small-business loans service to Canada, bringing it into more direct competition with the country’s big banks. The program, known as Square Loans, will make offers to eligible users and deliver funds as soon as the next
- [The Daily - April 25, 2022](https://macnicolasset.com/the-daily-april-25-2022/) - April 25, 2022 Daily Market Commentary Canadian Headlines To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting at the seams. The vacancy rate for space in the city’s warehouses has fallen below 1%, according to data from real estate
- [The Daily - April 20, 2022](https://macnicolasset.com/the-daily-april-20-2022/) - April 20, 2022 Daily Market Commentary Canadian Headlines Canadian equities extended a winning streak as technology and consumer stocks surged. The S&P/TSX Composite rose for the fourth straight day, climbing 0.64%, or 140.41 to 22,018.82 in Toronto. The gain was the biggest since an advance of about 0.9% on March 21. Shopify Inc. contributed the
- [The Daily - April 18, 2022](https://macnicolasset.com/the-daily-april-18-2022/) - April 18, 2022 Daily Market Commentary Canadian Headlines Canada’s housing minister has a daunting target in front of him as his government tries to rein in skyrocketing housing prices: doubling the pace of housing construction in the country within 10 years. But Ahmed Hussen, who was appointed to the job after last year’s election, says Canada
- [The Daily - April 14, 2022](https://macnicolasset.com/the-daily-april-14-2022/) - April 14, 2022 Daily Market Commentary Canadian Headlines Hours after delivering the biggest interest-rate hike in 22 years in Canada, Tiff Macklem had a message for investors: There’s no reason to worry about inflation getting out of hand. While there is plenty of uncertainty in the global economy, the Bank of Canada governor told Bloomberg News he’s quite certain that
- [The Daily - April 12, 2022](https://macnicolasset.com/the-daily-april-12-2022/) - April 12, 2022 Daily Market Commentary Canadian Headlines Canadian stocks fell as real estate slumped and energy stocks dropped the most in one month. The S&P/TSX Composite slid 0.4% to 21,790.49 in Toronto. The move follows the previous session’s increase of 0.2%. Brookfield Asset Management Inc. contributed the most to the index decline, decreasing 2.3%.
- [The Daily - April 6, 2022](https://macnicolasset.com/the-daily-april-6-2022/) - April 6, 2022 Daily Market Commentary Canadian Headlines West Fraser Timber said it will permanently reduce capacity at its pulp mill in Hinton, Alberta by the end of this year. The capacity reduction will see staffing levels transition to 270 positions from 345. Sees impairment charge of about $13 million in 1Q associated with the
- [The Daily - April 4, 2022](https://macnicolasset.com/the-daily-april-4-2022/) - April 4, 2022 Daily Market Commentary Canadian Headlines Shopify’s 50% Slump Proves That It’s No Amazon. “They are two different businesses,” said David Trainer, chief executive officer and founder of research firm New Constructs. “Even with the recent stock price decline, shares remain priced for Shopify to be bigger than Amazon. Shopify remains significantly overvalued.” Trainer
- [The Daily - March 31, 2022](https://macnicolasset.com/the-daily-march-31-2022/) - March 31, 2022 Daily Market Commentary Canadian Headlines Air Canada said it’s poised to recover most of its pre-pandemic capacity this year, issuing a bright outlook for travel as the nation relaxes restrictions and Canadians try to move on from the gloom of the Covid-19 pandemic. The carrier expects to recover 75% of the total seats offered
- [The Daily - March 30, 2022](https://macnicolasset.com/the-daily-march-30-2022/) - March 30, 2022 Daily Market Commentary Canadian Headlines Lululemon Athletica Inc. shares rise 7.6% in premarket provided a 1Q profit and net revenue forecast that topped estimates. The board approved a new stock buyback for up to $1 billion of common shares. The analysts recognize Lululemon strong momentum, brand power, and guidance above Street’s expectation, with at least
- [The Daily - March 28, 2022](https://macnicolasset.com/the-daily-march-28-2022/) - March 28, 2022 Daily Market Commentary Canadian Headlines Canadian consumer sentiment tumbled to its lowest level in more than a year as Russia’s invasion of Ukraine and surging inflation cloud the economic outlook, weekly polling data suggest. The Bloomberg Nanos Canadian Confidence Index, a measure of sentiment based on weekly polling, fell to 56.3 last week, the
- [The Daily - March 24, 2022](https://macnicolasset.com/the-daily-march-24-2022/) - March 24, 2022 Daily Market Commentary Canadian Headlines Canadian stocks broke its four-day winning streak of setting consecutive record highs, slumping as companies in the technology and financials sectors sunk. The S&P/TSX Composite fell 0.6% at 21,932.18 in Toronto. The move was the biggest since falling 1.3% on March 14 and follows the previous session’s increase of
- [The Daily - March 23, 2022](https://macnicolasset.com/the-daily-march-23-2022/) - March 23, 2022 Daily Market Commentary Canadian Headlines Canadian stocks closed at a record high for the fourth consecutive session as technology and financials stocks pulled the index higher even as energy and materials sunk. The S&P/TSX Composite rose for the sixth day, climbing 0.3%, or 65.22 to 22,074.35 in Toronto. Shopify Inc. contributed the
- [The Daily - March 21, 2022](https://macnicolasset.com/the-daily-march-21-2022/) - March 21, 2022 Daily Market Commentary Canadian Headlines A work stoppage at one of Canada’s two largest railways must end quickly, given increased pressure on already strained supply chains, Labor Minister Seamus O’Regan said. But O’Regan said he’s still hoping for a negotiated solution between Canadian Pacific Railway Ltd. and the Teamsters Canada Rail Conference, rather than legislation that
- [The Daily - March 16, 2022](https://macnicolasset.com/the-daily-march-16-2022/) - March 16, 2022 Daily Market Commentary Canadian Headlines Healthcare of Ontario Pension Plan returned 11.3% last year, as gains in equities dwarfed a small loss in bonds, but its top executive warned that 2022 may be a difficult one for investors. “It’s been a pretty rough start of the year,” Chief Executive Officer Jeff Wendling said in an
- [The Daily - March 10, 2022](https://macnicolasset.com/the-daily-march-10-2022/) - March 10, 2022 Daily Market Commentary Canadian Headlines Canadian equities reversed two days of losses, climbing as technology and consumer discretionary stocks rallied. The S&P/TSX Composite rose 1.2% at 21,493.23 in Toronto. The move was the biggest since rising 1.7% on Feb. 25 and follows the previous session’s decrease of 0.3%. Shopify Inc. contributed the
- [The Daily - March 8, 2022](https://macnicolasset.com/the-daily-march-8-2022/) - March 8, 2022 Daily Market Commentary Canadian Headlines Canadian equities edged lower, weighed down by information technology and consumer discretionary stocks, as global markets slumped amid Russia’s war in Ukraine. The S&P/TSX Composite fell 0.5% at 21,304.40 in Toronto. The move follows the previous session’s increase of 0.7%. Intertape Polymer Group agreed to be acquired
- [The Daily - March 7, 2022](https://macnicolasset.com/the-daily-march-7-2022/) - March 7, 2022 Daily Market Commentary Canadian Headlines Fairfax Financial Holdings Ltd., the Canadian investment firm run by Prem Watsa, is exploring the sale of its stake in Indian financial firm IIFL Wealth Management Ltd., according to people familiar with the matter. The Toronto-based firm is in early-stage talks with potential bidders for the stakes, said
- [The Daily - March 3, 2022](https://macnicolasset.com/the-daily-march-3-2022/) - March 3, 2022 Daily Market Commentary Canadian Headlines • Toronto-Dominion Bank, which earlier this week announced a $13.4 billion acquisition to expand in the U.S., got a lift from loan growth at home. Total revenue for the bank’s Canadian retail unit rose to C$6.72 billion ($5.32 billion) in the fiscal first quarter, up 5.9% from
- [The Daily - March 1, 2022](https://macnicolasset.com/the-daily-march-1-2022/) - March 1, 2022 Daily Market Commentary Canadian Headlines Canadian energy equities rose Monday, thanks to a 4.6% jump in crude oil futures, and led gains on the S&P/TSX Composite Index. The Composite advanced slightly to 21,126.36 in Toronto. Nutrien Ltd. contributed the most to the index gain, increasing 5.7%. Ballard Power Systems Inc. had the
- [The Daily - February 28, 2022](https://macnicolasset.com/the-daily-february-28-2022/) - February 28, 2022 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank agreed to buy First Horizon Corp. for $13.4 billion to expand in the U.S. Southeast. The Canadian bank agreed to pay $25 a share in cash for Memphis-based First Horizon, the Toronto-based company said Monday in a statement. The purchase price was about 37% higher than First Horizon’s closing
- [The Daily - February 25, 2022](https://macnicolasset.com/the-daily-february-25-2022/) - February 25, 2022 Daily Market Commentary Canadian Headlines Canadian stocks erased earlier losses, closing the session higher on a rally in technology stocks as investors weighed whether Russia’s invasion in Ukraine could cause central banks to ease on plans for aggressive interest rate hikes. The S&P/TSX Composite advanced 0.1% to 20,761.93 in Toronto, ending a
- [The Daily - February 22, 2022](https://macnicolasset.com/the-daily-february-22-2022/) - February 22, 2022 Daily Market Commentary Canadian Headlines The Bridging Finance sale process has ended and investors stand to lose an estimated C$1.3 billion, The Globe and Mail newspaper reported. Bridging’s court-appointed receiver, PricewaterhouseCoopers, engaged with more than 200 potential bidders; PwC narrowed the formal offers down to two. PwC to ask a judge to approve a liquidation
- [The Daily - February 18, 2022](https://macnicolasset.com/the-daily-february-18-2022/) - February 18, 2022 Daily Market Commentary Canadian Headlines Canadian banks have started to freeze a small number of accounts connected to people whom police say have been involved in illegal protests, acting on orders from Prime Minister Justin Trudeau’s government. But the banks won’t be going after donors who collectively gathered millions of dollars to help
- [The Daily - February 17, 2022](https://macnicolasset.com/the-daily-february-17-2022/) - February 17, 2022 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau will deliver a speech in Canada’s parliament this morning, explaining his government’s decision to invoke an emergency law against protesters who have blocked streets and bridges. The address is scheduled to begin around 10 a.m. Ottawa time. Big box retailer Canadian Tire Corp. delivered 4Q revenue
- [The Daily - February 15, 2022](https://macnicolasset.com/the-daily-february-15-2022/) - February 15, 2022 Daily Market Commentary Canadian Headlines Demonstrators against vaccine mandates halted traffic at two major border crossings in Western Canada and some vowed to stay even as Prime Minister Justin Trudeau used a law giving his government emergency powers to end blockades. The main border posts in Alberta and Manitoba were closed Monday, with commercial traffic to
- [The Daily - February 14, 2022](https://macnicolasset.com/the-daily-february-14-2022/) - February 14, 2022 Daily Market Commentary Canadian Headlines Largely civil and without violence, a demonstration in Windsor, Ontario was finally cleared by police Sunday after blocking one of North America’s busiest cross-border trade arteries for more than five days. But while the stand-off is over and the Ambassador Bridge has reopened, deep issues remain. Many
- [The Daily - February 11, 2022](https://macnicolasset.com/the-daily-february-11-2022/) - February 11, 2022 Daily Market Commentary Canadian Headlines • Canadian protests that began by championing the rights of truckers have spread into sprawling, ad-hoc anti-establishment demonstrations across the country -- shuttering crucial trade links, confounding police and giving hints that the efforts could spread. As of Thursday, the rolling blockades had closed three U.S.-Canada border
- [The Daily - February 8, 2022](https://macnicolasset.com/the-daily-february-8-2022/) - February 8, 2022 Daily Market Commentary Canadian Headlines Canadian equities fell slightly, ending a mixed trading session lower as companies in the technology and industrials sectors dropped. The S&P/TSX Composite fell 0.2% at 21,235.50 in Toronto. The move follows the previous session’s increase of 0.8%. Shopify Inc. contributed the most to the index decline, decreasing
- [The Daily - February 7, 2022](https://macnicolasset.com/the-daily-february-7-2022/) - February 7, 2022 Daily Market Commentary Canadian Headlines Canada’s capital city declared a state of emergency Sunday as police struggled to rein in protests against vaccine mandates and Covid-19 restrictions. Ottawa Mayor Jim Watson, who declared the emergency, said that increasingly rowdy demonstrations posed a “serious danger and threat to the safety and security of residents.” Hundreds of
- [The Daily - February 3, 2022](https://macnicolasset.com/the-daily-february-3-2022/) - February 3, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose Wednesday, shrugging off another decline in information-technology stocks led by a 10% decline for Shopify, to advance to the highest closing level since Jan. 17. The S&P/TSX Composite rose for the fourth day, climbing 0.2%, or 42.44 to 21,362.36 in Toronto. Information technology and
- [The Daily - January 31, 2022](https://macnicolasset.com/the-daily-january-31-2022/) - January 31, 2022 Daily Market Commentary Canadian Headlines Blackberry to Sell Legacy Patents for $600M, according to a press release. BlackBerry Limited, announced today that it has entered into a patent sale agreement with Catapult IP Innovations Inc., a Delaware company, pursuant to which BlackBerry has agreed to sell substantially all of its non-core patent
- [The Daily - January 28, 2022](https://macnicolasset.com/the-daily-january-28-2022/) - January 28, 2022 Daily Market Commentary Canadian Headlines Canadian equities fell to their lowest point in more than a month, dragged lower by technology and materials sectors, as investors weighed prospects for monetary policy tightening. The S&P/TSX Composite dropped 0.3 percent at 20,544.11 in Toronto. Shopify Inc. contributed the most to the index decline, decreasing
- [The Daily - January 26, 2022](https://macnicolasset.com/the-daily-january-26-2022/) - January 26, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose slightly by 0.1%, ending a five-day losing streak as major U.S. markets were weighed down by potential interest rate hikes by the U.S. Federal Reserve set for tomorrow. The S&P/TSX Composite advanced slightly to 20,590.98 in Toronto, ending a 5-day loss. The gain follows
- [The Daily - January 24, 2022](https://macnicolasset.com/the-daily-january-24-2022/) - January 24, 2022 Daily Market Commentary Canadian Headlines TCV and Inovia Capital are leading a $50 million funding round for a Canadian biomedical software startup that has some of the world’s largest pharmaceutical companies as clients. The investment in BenchSci Analytics Inc. will be used to expand its software platform and hire hundreds of new employees. The Toronto-based company has
- [The Daily - January 20, 2022](https://macnicolasset.com/the-daily-january-20-2022/) - January 20, 2022 Daily Market Commentary Canadian Headlines Canada’s plans to introduce a tax credit for carbon capture in the country’s oil patch would amount to a fossil fuel subsidy for an ineffective technology, a group of academics said in a letter to the deputy prime minister. Carbon capture, where the carbon dioxide from oil
- [The Daily - January 18, 2022](https://macnicolasset.com/the-daily-january-18-2022/) - January 18, 2022 Daily Market Commentary Canadian Headlines Energy and financial stocks propelled Canadian stocks to their highest closing level since Nov. 25, as the benchmark index climbed for a second straight day. The S&P/TSX Composite Index jumped 0.8% Monday, or 179.89 points to 21,537.45 in Toronto. Oil and gas stocks were the best performers
- [The Daily - January 13, 2022](https://macnicolasset.com/the-daily-january-13-2022/) - January 13, 2022 Daily Market Commentary Canadian Headlines Canadian equities climbed as the materials sector soared to its highest point in more than a month and energy rose. The S&P/TSX Composite gained for the second day, climbing 0.6% or 120.19 points to 21,395.00 in Toronto. The index advanced to the highest closing level since Nov.
- [The Daily - January 12, 2022](https://macnicolasset.com/the-daily-january-12-2022/) - January 12, 2022 Daily Market Commentary Canadian Headlines Canadian equities climbed, led higher by gains in the energy and materials sectors, after the U.S. Federal Reserve said it will manage inflation as the economy rebounds. The S&P/TSX Composite rose 1 percent at 21,274.81 in Toronto. The move was the biggest advance since rising 1.9 percent
- [The Daily - January 11, 2022](https://macnicolasset.com/the-daily-january-11-2022/) - January 11, 2022 Daily Market Commentary Canadian Headlines Rogers Communications Inc. said it’s appointing Tony Staffieri to lead the company through its takeover of Shaw Communications Inc., a move that may widen the rift between members of the Rogers family. Canada’s largest wireless and cable company named Staffieri as its president and chief executive officer in a statement Monday. He had
- [The Daily - January 7, 2022](https://macnicolasset.com/the-daily-january-7-2022/) - January 7, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose as gains in energy and financial stocks offset steep losses in materials and technology as investors weight the potential for rate hikes. The S&P/TSX Composite rose 0.2 percent at 21,072.20 in Toronto. The move was the biggest since rising 0.5 percent on Dec. 29
- [The Daily - January 6, 2022](https://macnicolasset.com/the-daily-january-6-2022/) - January 6, 2022 Daily Market Commentary Canadian Headlines Canadian equities slumped, weighed down by technology and real estate stocks, after Federal Reserve minutes signaled the potential for earlier and faster interest rate hikes. The S&P/TSX Composite fell 0.9 percent to 21,039.866 in Toronto. The decline was the biggest since a 1 percent drop on Dec.
- [The Daily - January 5, 2022](https://macnicolasset.com/the-daily-january-5-2022/) - January 5, 2022 Daily Market Commentary Canadian Headlines Canadian equities rose 0.06% on the index’s first trading day of the new year as surges in energy and financials offset steep losses in technology stocks. The S&P/TSX Composite advanced to 21,236.52 in Toronto. The move follows the previous session’s decrease of 0.3%. Shopify Inc. plunged 11%,
- [The Daily - January 4, 2022](https://macnicolasset.com/the-daily-january-4-2022/) - January 4, 2022 Daily Market Commentary Canadian Headlines Trade show operator Emerald Holding Inc. has acquired closely held media and events company MJBiz for $120 million in cash, according to a statement provided to Bloomberg News. The deal will give Emerald, whose largest shareholder is Toronto-based investment firm Onex Corp., a foothold in trade shows focused on the cannabis industry.
- [The Daily - December 30, 2021](https://macnicolasset.com/the-daily-december-30-2021/) - December 30, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose for the fifth straight day, with consumer discretionary, real estate and energy stocks advancing. The S&P/TSX Composite index climbed 0.5%, or 114.97 to 21,344.65, its highest closing level since Nov. 25. Brookfield Asset Management Inc. contributed the most to the index gain, increasing 2.1%.
- [The Daily - December 29, 2021](https://macnicolasset.com/the-daily-december-29-2021/) - December 29, 2021 Daily Market Commentary Canadian Headlines Ontario, Quebec Weigh Shorter Isolation Period After CDC Shift. Canada’s two largest provinces are considering cutting quarantine times for people with Covid-19 after U.S. health officials recommended reducing the isolation period to five days for people who are no longer experiencing symptoms. Quebec, currently the hardest-hit province
- [The Daily - December 23, 2021](https://macnicolasset.com/the-daily-december-23-2021/) - December 23, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government is expanding the number of businesses that can use Covid-19 aid programs as the omicron variant fuels a surge in cases and new restrictions in Canada. At a press conference with Finance Minister Chrystia Freeland, Trudeau said companies and individuals affected by new capacity
- [The Daily - December 21, 2021](https://macnicolasset.com/the-daily-december-21-2021/) - December 21, 2021 Daily Market Commentary Canadian Headlines Canadian equities declined for a third straight day as industrial, information technology and real estate stocks weighed down the market. The S&P/TSX Composite dropped 1%, or 200.97, to 20,538.22 in Toronto, the biggest move since Nov. 30. Industrials stocks led the market lower, as 9 of 11
- [The Daily - December 20, 2021](https://macnicolasset.com/the-daily-december-20-2021/) - December 20, 2021 Daily Market Commentary Canadian Headlines Bank of Montreal agreed to buy BNP Paribas SA’s Bank of the West unit for $16.3 billion, extending its presence in the U.S. and giving the French seller a windfall before its new strategic plan. BMO will fund the transaction, which should add 1.8 million customers upon closing next
- [The Daily - December 17, 2021](https://macnicolasset.com/the-daily-december-17-2021-2/) - December 17, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau is instructing his top economic ministers to take tough positions on trade issues amid growing disputes with the U.S., potentially signaling a more protectionist approach from Canada. The marching orders were contained in mandate letters to cabinet ministers released Thursday afternoon, nearly three months after Trudeau was
- [The Daily - December 15, 2021](https://macnicolasset.com/the-daily-december-15-2021/) - December 15, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau’s government released new budget estimates Tuesday that showed federal finances in better shape than expected, though the numbers don’t include the bulk of the election campaign promises his Liberal Party made earlier this year. The document from Finance Minister Chrystia Freeland is a straightforward update of
- [MAAM Partner Spotlight: 13th Floor December 14, 2021](https://macnicolasset.com/partner-spotlight-13th-floor-2021-12-14/)
- [The Daily - December 13, 2021](https://macnicolasset.com/the-daily-december-13-2021/) - December 13, 2021 Daily Market Commentary Canadian Headlines Heavy winds over the weekend in the Canadian province of Ontario felled trees, broke utility poles and cut power to more than 450,000 Hydro One Ltd. customers, the company said. The utility had restored power to all but 115,000 customers as of Saturday as workers repaired more than 200
- [The Daily - December 3, 2021](https://macnicolasset.com/the-daily-december-3-2021/) - December 3, 2021 Daily Market Commentary Canadian Headlines Canadian equities surged as investors bought the dip after a two-day plunge. S&P/TSX Composite rose 1.5 percent to 20,762.03 in Toronto. The move was the biggest gain since April 1 and follows the previous session’s decrease of 0.9 percent. Today, financial stocks led the market higher, as
- [The Daily - December 2, 2021](https://macnicolasset.com/the-daily-december-2-2021/) - December 2, 2021 Daily Market Commentary Canadian Headlines Toronto-Dominion Bank’s Canadian operation got another boost from the country’s surging housing market. Profit in the Canadian retail segment rose 19% to C$2.14 billion ($1.7 billion) in the fiscal fourth quarter, the Toronto-based bank said Thursday in a statement. Overall profit topped analysts’ estimates. Toronto-Dominion has seen its balances
- [The Daily - November 30, 2021](https://macnicolasset.com/the-daily-november-30-2021/) - November 30, 2021 Daily Market Commentary Canadian Headlines The turnaround at Bank of Nova Scotia’s Latin America-focused international division is picking up steam. The unit’s adjusted profit rose 74% to C$614 million ($480 million) in the fiscal fourth quarter, Toronto-based Scotiabank said Tuesday. Overall profit in the three months through Oct. 31 topped analysts’ estimates. Scotiabank’s international
- [The Daily - November 29, 2021](https://macnicolasset.com/the-daily-november-25-2021-2/) - November 29, 2021 Daily Market Commentary Canadian Headlines The omicron variant of Covid-19, first identified in South Africa, has been detected in locations from Australia to Germany and Canada, showing the difficulties of curtailing new strains. Most infections stem from travelers carrying the disease across borders. Israel, for instance, said a confirmed case who arrived from Malawi rode on
- [The Daily - November 25, 2021](https://macnicolasset.com/the-daily-november-25-2021/) - November 25, 2021 Daily Market Commentary Canadian Headlines Canadian equities climbed for the second consecutive day as companies in the technology sector offset losses in consumer staples. The S&P/TSX Composite rose 0.4%, or 94.66, to 21,548.43 in Toronto. The gain was the biggest since it rose 0.9% on Nov. 12. Shopify Inc. contributed the most
- [The Daily - November 24, 2021](https://macnicolasset.com/the-daily-november-24-2021/) - November 24, 2021 Daily Market Commentary Canadian Headlines Canadian equities quelled a four-day losing streak, edging higher as companies in the energy and financials sectors climb. The S&P/TSX Composite rose 0.2 percent at 21,453.77 in Toronto. The gain follows the previous session’s decrease of 0.6 percent. Today, energy stocks led the market higher, as 7 of 11
- [The Daily - November 23, 2021](https://macnicolasset.com/the-daily-november-23-2021/) - November 23, 2021 Daily Market Commentary Canadian Headlines After languishing for months while Wall Street, by comparison, charged back to the office, Toronto’s financial district is finally starting to stir. Many of Canada’s large financial firms say they have a growing portion of their workforces back in the office and the numbers are expected to
- [The Daily - November 19, 2021](https://macnicolasset.com/the-daily-november-19-2021/) - November 19, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau said he raised a number of trade concerns in his bilateral meeting with President Joe Biden, including a proposed tax credit for the purchase of electric vehicles made in the U.S. Trudeau was speaking to reporters after a summit with Biden and Mexican
- [The Daily - November 18, 2021](https://macnicolasset.com/the-daily-november-18-2021/) - November 18, 2021 Daily Market Commentary Canadian Headlines Canadian equities edged lower, weighed down by companies in the technology and industrials sectors. The S&P/TSX Composite fell 0.3 percent at 21,653.02 in Toronto. The move follows the previous session’s increase of 0.2 percent. Shopify Inc. contributed the most to the index decline, decreasing 1.8 percent. Real
- [The Daily - November 17, 2021](https://macnicolasset.com/the-daily-november-17-2021/) - November 17, 2021 Daily Market Commentary Canadian Headlines Rogers Communications Inc. named Tony Staffieri as its interim chief executive officer, giving Chairman Edward Rogers the leadership change he’s craved but setting off a new round of fighting with his mother and sisters. The Canadian wireless and cable company announced the decision Tuesday to replace Joe Natale in a statement, adding the board
- [The Daily - November 16, 2021](https://macnicolasset.com/the-daily-november-16-2021/) - November 16, 2021 Daily Market Commentary Canadian Headlines Canadian equities slumped on Monday, dragged down by technology and industrial companies. The S&P/TSX Composite fell 0.4% at 21,683.08 in Toronto, retreating from the previous session’s record high. Shopify Inc. contributed the most to the index decline with a 1.1% drop. Canopy Growth Corp. had the largest
- [The Daily - November 15, 2021](https://macnicolasset.com/the-daily-november-15-2021/) - November 15, 2021 Daily Market Commentary Canadian Headlines First Quantum Minerals Ltd. said Tristan Pascall will take over as chief executive officer in May from co-founder Philip Pascall, who will remain as the company’s chairman. Tristan Pascall became the Vancouver-based miner’s chief operating officer in January after joining First Quantum in 2007. He held senior operational roles in Africa
- [The Daily - November 11, 2021](https://macnicolasset.com/the-daily-november-11-2021/) - November 11, 2021 Daily Market Commentary Canadian Headlines Canadian equities finished lower Wednesday as shares in the tech sector led losses and a dip in oil dragged on energy companies. The S&P/TSX Composite fell 0.6% at 21,461.93 in Toronto. The decline was the biggest since falling 0.8% on Oct. 29 and follows the previous session’s
- [The Daily - November 10, 2021](https://macnicolasset.com/the-daily-november-10-2021/) - November 10, 2021 Daily Market Commentary Canadian Headlines Canadian Natural Resources to buy Storm Resources for C$6.28/share cash, Storm Resources says in release. Purchase price implies an enterprise value for Storm of approximately C$960 million. Storm says holders with 12.6% of outstanding shares will vote in favor of deal. The White House pledged to discuss
- [The Daily - November 9, 2021](https://macnicolasset.com/the-daily-november-9-2021/) - November 9, 2021 Daily Market Commentary Canadian Headlines Onex Partners to Buy Fidelity Building Services Group, according to a press release. Onex Corporation today announced that Onex Partners V, Onex' $7.2 billion fund, has agreed to acquire Fidelity Building Services Group, in partnership with the company's management team. Canaccord Genuity Group Inc.’s dealmakers turned in their
- [The Daily - November 8, 2021](https://macnicolasset.com/the-daily-november-8-2021/) - November 8, 2021 Daily Market Commentary Canadian Headlines FirstEnergy Corp. agreed to sell a stake in its transmission businesses to Brookfield Asset Management Inc. for $2.4 billion. The Akron, Ohio-based utility will sell a 19.9% stake in FirstEnergy Transmission to Brookfield’s infrastructure group, according to a statement Sunday. Separately, FirstEnergy will issue $1 billion in common stock to Blackstone
- [The Daily - November 4, 2021](https://macnicolasset.com/the-daily-november-4-2021/) - November 4, 2021 Daily Market Commentary Canadian Headlines Canadian equities finished close to an all-time record amid strength in the health-care sector and positive sentiment in U.S. markets following the Federal Reserve decision. The S&P/TSX Composite rose 0.4% to 21,265.10 in Toronto. The index advanced to the highest closing level since Oct. 25 after the
- [The Daily - November 3, 2021](https://macnicolasset.com/the-daily-november-3-2021/) - November 3, 2021 Daily Market Commentary Canadian Headlines Toronto’s housing market posted its second-best October on record, with prices continuing to soar as a flood of buyers chased a dwindling number of homes for sale. A total of 9,783 homes changed hands, shy of last year’s 10,503 deals, which was an all-time high for October,
- [The Daily - November 2, 2021](https://macnicolasset.com/the-daily-november-2-2021/) - November 2, 2021 Daily Market Commentary Canadian Headlines CI Financial Corp. and R.H. Bluestein & Co. today announced an agreement under which CI will acquire a majority interest in Bluestein, a Birmingham, Michigan and New York-based private client firm overseeing US$4.1 billion in assets. Founded in 1990, Bluestein is led by Robert H. Bluestein and Jeffrey
- [The Daily - November 1, 2021](https://macnicolasset.com/the-daily-november-1-2021/) - November 1, 2021 Daily Market Commentary Canadian Headlines Australian electricity and gas distribution company AusNet Services has agreed to a binding takeover offer from a consortium including Brookfield Asset Management in a deal that values the business at A$10.2 billion ($7.7 billion). AusNet said its board unanimously supports the A$2.65 per share offer from the group, which also includes
- [The Daily - October 29, 2021](https://macnicolasset.com/the-daily-october-29-2021/) - October 29, 2021 Daily Market Commentary Canadian Headlines Canadian heavy crude’s price collapsed at the U.S. trading hub of Cushing as refiners shun heavy and higher-sulfur crude for lighter grades that are less expensive to process in refineries. Western Canadian Select’s discount for December to West Texas Intermediate widened to $9 a barrel at Cushing
- [The Daily - October 27, 2021](https://macnicolasset.com/the-daily-october-27-2021/) - October 27, 2021 Daily Market Commentary Canadian Headlines The board of Rogers Communications Inc. voted 10-1 to let go of Chief Executive Officer Joe Natale and even drafted a press release announcing his departure, but reversed course at a Sept. 26 board meeting, according to court documents filed by Edward Rogers. Edward’s mother, Loretta Rogers, spoke in favor of a CEO
- [The Daily - October 26, 2021](https://macnicolasset.com/the-daily-october-26-2021/) - October 26, 2021 Daily Market Commentary Canadian Headlines The Canadian stock market posted its longest streak of gains ever as a rally in commodities pushed the benchmark higher for a 14th straight session. The S&P/TSX Composite Index rose 0.3% to an all-time high Monday. It has added about C$237 billion ($191 billion) in market value
- [The Daily - October 25, 2021](https://macnicolasset.com/the-daily-october-25-2021/) - October 25, 2021 Daily Market Commentary Canadian Headlines The escalating crisis at Rogers Communications Inc. has taken another extraordinary twist, with two different men claiming they are chairman and two factions of the Rogers family each saying they have control of the board. Edward Rogers was named chairman at a meeting in Toronto on Sunday night, according to
- [The Daily - October 21, 2021](https://macnicolasset.com/the-daily-october-21-2021/) - October 21, 2021 Daily Market Commentary Canadian Headlines Canadian stocks rallied for an 11th straight day as positive earnings reports outweighed any inflation concerns. The S&P/TSX Composite gained 0.5% in Toronto. Financials stocks led the market higher, as 7 of 11 sectors gained; 140 of 233 shares rose, while 86 fell. Canadian National Railway contributed
- [The Daily - October 20, 2021](https://macnicolasset.com/the-daily-october-20-2021/) - October 20, 2021 Daily Market Commentary Canadian Headlines Canadian National Railway Co. said Chief Executive Officer Jean-Jacques Ruest plans to retire by the end of January, handing an apparent victory to a major shareholder who had been pressuring him to step down. The surprise announcement comes one day after TCI Fund Management Ltd., CN’s second-largest investor, released a presentation
- [The Daily - October 19, 2021](https://macnicolasset.com/the-daily-october-19-2021/) - October 19, 2021 Daily Market Commentary Canadian Headlines Rogers Communications Inc. Chairman Edward Rogers said there’s “room for improvement” in the company’s performance and that he has the firm’s best interests at heart as he battles family members over its strategic direction. “It is my responsibility to put the interests of RCI first,” Rogers said in an emailed
- [MacNicol & Associates 20th Anniversary Celebration with special guest Erik Compton](https://macnicolasset.com/20th-anniversary-replay/) - We are proud and happy to have celebrated our 20th Anniversary this September. We hosted a party at Rosedale Golf Club and although the weather did not cooperate, we had a good turn out. We were thrilled to have PGA Tour Player Erik Compton as our guest speaker. Erik spoke to us for about
- [The Daily - October 18, 2021](https://macnicolasset.com/the-daily-october-18-2021/) - October 18, 2021 Daily Market Commentary Canadian Headlines Hexo said co-founder and CEO Sebastien St-Louis has left the company, effective immediately, as it “completes a strategic reorganization.” The Special Committee of the Board for Succession is in advanced discussions with a preferred CEO candidate and expects to make an announcement in the coming days. World Headlines European stocks
- [The Daily - October 15, 2021](https://macnicolasset.com/the-daily-october-15-2021/) - October 15, 2021 Daily Market Commentary Canadian Headlines Bank of Canada’s Tiff Macklem doesn’t see an ongoing inflation crisis arising from supply concerns. “These supply disruptions, they continue to be viewed as transitory, but they are likely to be more persistent than most of us thought around the table.” Inflation expectations in near-term have moved
- [The Daily - October 14, 2021](https://macnicolasset.com/the-daily-october-14-2021/) - October 14, 2021 Daily Market Commentary Canadian Headlines The maturing Canadian technology sector has caught the eye of the world’s largest asset manager. BlackRock Inc.’s private equity unit is one of the lead investors in a new “continuation fund” set up by Inovia Capital, the Montreal-based firm said Thursday. Inovia will use the $334 million it
- [The Daily - October 13, 2021](https://macnicolasset.com/the-daily-october-13-2021/) - October 13, 2021 Daily Market Commentary Canadian Headlines The United States will relax coronavirus restrictions at its land borders with Canada and Mexico for vaccinated travelers next month, allowing for the resumption of non-essential travel like tourism. The changes, announced by members of New York’s congressional delegation, come after the White House previously announced its
- [The Daily - October 12, 2021](https://macnicolasset.com/the-daily-october-12-2021/) - October 12, 2021 Daily Market Commentary Canadian Headlines More than 75% of Canadians say that Prime Minister Justin Trudeau’s government should ban China’s Huawei Technologies Co. from taking part in the build-out of fifth-generation telecommunications networks, a new poll shows. Opposition to Huawei’s participation in 5G is up from 53% in 2019, according to the poll by Nanos Research for
- [The Daily - October 8, 2021](https://macnicolasset.com/the-daily-october-8-2021/) - October 8, 2021 Daily Market Commentary Canadian Headlines Canadian equities advanced on Thursday with tech and consumer discretionary stocks leading the way. The S&P/TSX Composite rose for the third day, climbing 1.1% in Toronto. The move was the biggest since rising 1.2% on June 1. Today, information technology stocks led the market higher, as all
- [The Daily - October 7, 2021](https://macnicolasset.com/the-daily-october-7-2021/) - October 7, 2021 Daily Market Commentary Canadian Headlines Canada is moving painfully slowly to set the market and regulatory conditions required to transition to a cleaner economy, according to a report by the Institute for Sustainable Finance. To date, Canada has made “significant” progress in only one of 15 recommendations made by a panel of experts
- [The Daily - October 6, 2021](https://macnicolasset.com/the-daily-october-6-2021/) - October 6, 2021 Daily Market Commentary Canadian Headlines Justin Trudeau is poised to announce details of the vaccine mandate for federally regulated industries he used as a wedge issue in his successful bid for a third term in Canada. The prime minister and his deputy, Chrystia Freeland, will make an announcement on the “Covid-19 situation” on Wednesday
- [The Daily - October 4, 2021](https://macnicolasset.com/the-daily-october-4-2021/) - October 4, 2021 Daily Market Commentary Canadian Headlines Sun Life Financial Inc., Canada’s largest group-benefits company, agreed to buy U.S. dental-benefits provider DentaQuest for about $2.48 billion, bolstering its business south of the border. Private equity firm Centerbridge Partners LP will sell its minority stake in DentaQuest as part of the transaction, Toronto-based Sun Life said Sunday.
- [The Daily - October 1, 2021](https://macnicolasset.com/the-daily-october-1/) - October 1, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fluctuated between gains and losses Thursday, reflecting a volatile month as investors rotated out of pricey growth stocks and into value. The S&P/TSX Composite was unchanged as of 10:45 a.m. in Toronto, putting the benchmark on track for a monthly and quarterly drop. A measure
- [The Daily - September 30](https://macnicolasset.com/the-daily-september-30/) - September 30, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell for a second day as tech companies dragged the benchmark index lower. The S&P/TSX Composite declined to 20,158.14 in Toronto, putting it on track for its biggest monthly decline since October. Lightspeed Commerce contributed the most to the index decline and had the largest
- [The Daily - September 28](https://macnicolasset.com/the-daily-september-28/) - September 28, 2021 Daily Market Commentary Canadian Headlines Canadian stocks climbed on Monday, led by health care and energy stocks. The S&P/TSX Composite rose 0.3% to 20,463.42 in Toronto. The index advanced to the highest closing level since Sept. 17 after the previous session’s decline of 0.3%. Toronto-Dominion Bank contributed the most to the index
- [The Daily - September 27](https://macnicolasset.com/the-daily-september-27/) - September 27, 2021 Daily Market Commentary Canadian Headlines Canadian Imperial Bank of Commerce is planning to double the staff of its innovation-banking unit in the next year and a half as a boom in the technology industry boosts demand for venture lending to startups. The business is opening an office in London, bringing its total locations
- [The Daily - September 24](https://macnicolasset.com/the-daily-september-24/) - September 24, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose for the third day, climbing 0.3%, or 60.44 to 20,461.93 in Toronto. Energy stocks jumped with oil. Financials also rose, with Royal Bank of Canada contributing the most to the index gain, increasing 1.4%. BlackBerry Ltd. had the largest increase, rising 11%. Today,
- [The Daily - September 23](https://macnicolasset.com/the-daily-september-23/) - September 23, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose for the second day, climbing 0.8%, or 157.2 to 20,401.49 in Toronto. The move was the biggest gain since July 21. Gainers included cannabis, energy, and tech stocks. Oil advanced after U.S. crude inventories slid to the lowest since October 2018 amid a global energy
- [The Daily - September 22](https://macnicolasset.com/the-daily-september-22/) - September 22, 2021 Daily Market Commentary Canadian Headlines Canadian stocks climbed along with the country’s currency after Prime Minister Justin Trudeau won a historic third term in a federal election that did little to reorder the political balance of the country. Canada’s benchmark S&P/TSX Composite Index was up 0.7% at 9:58 a.m. in Toronto, in line with
- [The Daily - September 21](https://macnicolasset.com/the-daily-september-21/) - September 21, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the third day, dropping 1.6%, or 335.82 to 20,154.54 in Toronto. The move was the biggest since falling 1.8% on Jan. 29. Today, financials stocks led the market lower, as all sectors lost; 200 of 235 shares fell, while 34 rose. Shopify
- [The Daily - September 20](https://macnicolasset.com/the-daily-september-20/) - September 20, 2021 Daily Market Commentary Canadian Headlines Canadian equities fell for a second week as materials shares dipped on commodity headwinds. The S&P/TSX Composite fell for the second day, dropping 0.5%, or 111.74 to 20,490.36 in Toronto. The index dropped to the lowest closing level since Aug. 23. Today, financials stocks led the market lower, as
- [The Daily - September 17](https://macnicolasset.com/the-daily-september-17/) - September 17, 2021 Daily Market Commentary Canadian Headlines Royal Bank of Canada Says Nadine Ahn to Become CFO. Ahn takes over from Rod Bolger, who will be leaving RBC after 10 years. Ahn joined RBC in 1999 and has held progressively senior Finance roles, including in Corporate Treasury and in RBC Capital Markets Finance. Bank also
- [The Daily - September 16](https://macnicolasset.com/the-daily-september-16/) - September 16, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite rose 0.7% at 20,693.79 in Toronto. The move was the biggest daily gain since Aug. 27 and follows the previous session’s decrease of 0.5%. Shopify Inc. contributed the most to the index gain, increasing 1.2%. Denison Mines Corp. had the largest increase, rising 8.8%.
- [The Daily - September 15](https://macnicolasset.com/the-daily-september-15/) - September 15, 2021 Daily Market Commentary Canadian Headlines Canadian National Railway Co. has declined to increase its offer for Kansas City Southern after a months-long takeover battle, a person familiar with the matter said, ceding to Canadian Pacific Railway Ltd. a prize that will create the first railroad spanning the U.S., Canada and Mexico. The decision
- [The Daily - September 14](https://macnicolasset.com/the-daily-september-14/) - September 14, 2021 Daily Market Commentary Canadian Headlines Canadian shares climbed on Monday with natural resources companies outperforming. The S&P/TSX Composite rose 0.2% in Toronto. The move was the biggest since rising 0.5% on Sept. 2 and follows the prior session’s decrease of 0.4%. Energy and materials stocks outperformed with as the prices for oil
- [The Daily - September 13](https://macnicolasset.com/the-daily-september-13/) - September 13, 2021 Daily Market Commentary Canadian Headlines Kansas City Southern said it’s backing out of a merger agreement with Canadian National Railway Co. and plans to accept a competing offer from Canadian Pacific Railway Ltd., the latest step in the fight over which railroad would become the first to operate in Canada, the U.S. and Mexico. Canadian
- [The Daily - September 10](https://macnicolasset.com/the-daily-september-10/) - September 10, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell for the third day, dropping 0.2%, or 36.52 to 20,705.27 in Toronto. The index dropped to the lowest closing level since Sept. 1. Industrials stocks led the market lower Thursday as 9 of 11 sectors declined; 145 of 229 shares fell, while 82
- [The Daily - September 9](https://macnicolasset.com/the-daily-september-9/) - September 9, 2021 Daily Market Commentary Canadian Headlines Erin O’Toole’s Conservative Party published the estimated cost of its election platform on Wednesday, ahead of a televised debate for the Sept. 20 vote. Canada’s federal deficit would be C$168 billion ($132 billion) in 2021-22 under the Conservative plan, about C$30 billion more than the baseline forecast
- [The Daily - September 8](https://macnicolasset.com/the-daily-september-8/) - September 8, 2021 Daily Market Commentary Canadian Headlines China Accuses Canada Goose Of ‘Misleading’ Consumers in Ads. High-end parka maker Canada Goose Holdings Inc. was fined by China and criticized by its state media for allegedly misleading consumers in some advertisements, becoming the latest foreign brand to be targeted by regulators amid political tensions between Beijing
- [The Daily - September 7](https://macnicolasset.com/the-daily-september-3-duplicate-1/) - September 7, 2021 Daily Market Commentary Canadian Headlines Enbridge Inc., the Canadian pipeline giant, agreed to acquire Moda Midstream Operating LLC for $3 billion to add U.S. Gulf Coast oil export capacity. Enbridge is buying Moda for cash from EnCap Flatrock Midstream, it said Tuesday in a statement. The deal will connect Enbridge with oil produced
- [The Daily - September 3](https://macnicolasset.com/the-daily-september-3/) - September 3, 2021 Daily Market Commentary Canadian Headlines Canadian shares extended their gains into second day on Thursday, led by energy and technology stocks. The S&P/TSX Composite opened rose about 1% in last two days, most since Aug. 24. Energy stocks were the best performers, as oil price climbed. Shopify contributed the most to the index gain,
- [The Daily - September 2](https://macnicolasset.com/the-daily-september-2/) - September 2, 2021 Daily Market Commentary Canadian Headlines Canadian stocks rise in the first trading day of September, after falling in the last two sessions. The S&P/TSX Composite rose as much as 0.5% in Toronto. Industrials stocks led the market higher, as Canadian National and Canadian Pacific Railway outperformed amid a battle for Kansas City Southern. Materials
- [The Daily - September 1](https://macnicolasset.com/the-daily-september-1/) - September 1, 2021 Daily Market Commentary Canadian Headlines Canada’s main stock index rose for a seventh straight month in August, the longest winning streak since 2017, as technology shares continued their torrid gains. The S&P/TSX Composite index gained 1.5% this month, helped by strong performances by tech stocks including Shopify Inc. The benchmark was flat on Tuesday
- [The Daily - August 31](https://macnicolasset.com/the-daily-august-31/) - August 31, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets dropped as cyclical stocks such as materials, financials and health care companies underperformed. The S&P/TSX Composite fell 0.2% in Toronto, following on the previous session’s increase of 0.7%. Materials stocks were the worst performers, led by miners. Consumer staples and tech stocks were the
- [The Daily - August 30](https://macnicolasset.com/the-daily-august-30/) - August 30, 2021 Daily Market Commentary Canadian Headlines Centerbridge Partners and Caisse de dépôt et placement du Quebec are nearing a deal to buy Medical Solutions, a travel nurse staffing firm backed by TPG, according to people familiar with the matter. The deal could be announced within days and would value the company at about $2.3 billion including debt,
- [The Daily - August 27](https://macnicolasset.com/the-daily-august-26-duplicate-1/) - August 27, 2021 Daily Market Commentary Canadian Headlines The S&P/TSX Composite fell 0.4% at 20,504.15 in Toronto, ending a 4-day rally. The loss follows the previous session’s increase of 0.2%. Investors will be listening for any details at tomorrow’s Jackson Hole symposium for when and how the U.S. central bank will start to ease back its massive
- [The Daily - August 26](https://macnicolasset.com/the-daily-august-26/) - August 26, 2021 Daily Market Commentary Canadian Headlines Canadian shares extended their rally as big banks including RBC topped estimates. The S&P/TSX Composite Index gained 0.2%, with financials and tech leading the charge. Oil rose for a third session after a U.S. government report showed that crude and gasoline inventories fell despite fears that the delta variant’s spread
- [The Daily - August 25](https://macnicolasset.com/the-daily-august-25/) - August 25, 2021 Daily Market Commentary Canadian Headlines Canadian equities advanced for a third straight session as broader markets continued their rebound. The S&P/TSX Composite Index rose 0.3%, with tech, health care, and energy leading the charge. Shopify rose after the New York Times reported that the e-commerce company would partner with TikTok. Meanwhile, Oil extended gains from the biggest jump
- [The Daily - August 24](https://macnicolasset.com/the-daily-august-23-duplicate-1/) - August 24, 2021 Daily Market Commentary Canadian Headlines Canadian stocks surged Monday, staging their biggest rally since July 21 after last week’s volatility. The S&P/TSX Composite Index rose 0.7%. Healthcare led as Trillium Therapeutics surged the most on record, following Pfizer’s purchase of the cancer drugmaker. Materials and energy also gained along with higher commodity prices. Gold rose
- [The Daily - August 23](https://macnicolasset.com/the-daily-august-20-duplicate-1/) - August 23, 2021 Daily Market Commentary Canadian Headlines Canadian stocks bounced back on Friday amid a broader equity-market relief rally. The S&P/TSX Composite index rose 0.6% in Toronto, after falling last six days. All 11 sectors finished in the green, with real estate and financials leading the advance. New Gold was the best performing stock
- [The Daily - August 20](https://macnicolasset.com/the-daily-august-19-duplicate-1/) - August 20, 2021 Daily Market Commentary Canadian Headlines Royal Bank of Canada said it will require employees to be fully vaccinated against Covid-19 to work in the bank’s offices, joining Morgan Stanley and other firms in restricting access to some locations as the Delta variant spreads. Toronto-based RBC said it will begin by asking Canadian and U.S. employees
- [The Daily - August 19](https://macnicolasset.com/the-daily-august-18-duplicate-1/) - August 19, 2021 Daily Market Commentary Canadian Headlines Canadian shares fell on Wednesday as the nation’s inflation picked up speed last month to the highest level in almost 20 years and U.S. Federal Reserve officials agreed they could start reducing the pace of their bond-buying purchases. The S&P/TSX Composite index extended its decline into fifth
- [The Daily - August 18](https://macnicolasset.com/the-daily-august-17-duplicate-1/) - August 18, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell Tuesday amid concern that the global economic recovery will lose momentum as the delta variant prompts further shutdowns to contain the renewed spread of the pandemic. The S&P/TSX Composite dropped 0.6%, the most since July 19. Seven of eleven sectors retreated. A Statistics Canada
- [The Daily - August 17](https://macnicolasset.com/the-daily-august-16-duplicate-1/) - August 17, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets fell on Monday, after cannabis and materials sectors declined. The S&P/TSX Composite index dropped 0.2% in Toronto. Health care was the worst performing sector, led by a decline in pot stocks, while communication services stocks were the best performers. Canada’s housing market posted its
- [The Daily - August 16](https://macnicolasset.com/the-daily-august-13-duplicate-1/) - August 16, 2021 Daily Market Commentary Canadian Headlines Prime Minister Justin Trudeau called an election for next month, seeking to capitalize on polls showing his Liberal Party with a large enough lead to retake a majority in parliament. The prime minister met Governor General Mary Simon, the Queen’s representative in Canada, on Sunday morning to request that parliament
- [The Daily - August 13](https://macnicolasset.com/the-daily-august-12-duplicate-1/) - August 13, 2021 Daily Market Commentary Canadian Headlines Canadian equities declined Thursday, led by commodity-exposed sectors including energy and materials. The S&P/TSX Composite Index fell 0.2%, with seven of 11 sectors dropping. Oil closed lower as traders assess how the spreading delta variant will impact world fuel demand the rest of the year. Kansas City Southern’s board
- [The Daily - August 12](https://macnicolasset.com/the-daily-august-11-duplicate-1/) - August 12, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose for a second session as value sectors including materials, real estate, and financials rose. The S&P/TSX Composite Index gained 0.3%, with 7 of eleven sectors higher. Gold rose the most in three months as the dollar fell after data showed U.S. inflation moderated, easing fears that
- [The Daily - August 11](https://macnicolasset.com/the-daily-august-10-duplicate-1/) - August 11, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose Tuesday as investors continued to weigh strong earnings against the risks of the spreading delta virus variant. The S&P/TSX Composite Index gained 0.3%. Oil rose alongside broader equity gains with investors optimistic global economic growth will continue even amid Covid-19’s resurgence. Soaring crop prices and global
- [The Daily - August 10](https://macnicolasset.com/the-daily-august-10/) - August 10, 2021 Daily Market Commentary Canadian Headlines Canadian equities fell Monday as investors digest the resurgence of Covid through the fast-spreading delta virus variant, while commodities dipped. The S&P/TSX Composite Index fell 0.2%, with energy and materials leading the drop. Health care and tech jumped. Oil slid to a three-week low with new waves of
- [Inflation back in fashion](https://macnicolasset.com/inflation-back-in-fashion/) - Inflation back in fashion No matter where you live in the world, rising inflation deflates peoples hard earned money. This makes it extremely unattractive for the partisan Central Bank’s across the world to report that inflation is high. They usually under report the actual value of inflation. Over time the US Federal government has adjusted
- [The Daily - August 9](https://macnicolasset.com/the-daily-august-6-duplicate-1/) - August 3, 2021 Daily Market Commentary Canadian Headlines Bausch Health Companies Inc. today announced that it plans to pursue an initial public offering (IPO) of its Solta Medical business ("Solta"). Solta is a leading global provider in medical aesthetics with innovative and effective skin rejuvenation and body contouring solutions, including the Thermage® RF systems, Fraxel® laser, Clear
- [The Daily - August 6](https://macnicolasset.com/the-daily-august-5-duplicate-1/) - August 3, 2021 Daily Market Commentary Canadian Headlines Bausch Health Companies Inc. today announced that it plans to pursue an initial public offering (IPO) of its Solta Medical business ("Solta"). Solta is a leading global provider in medical aesthetics with innovative and effective skin rejuvenation and body contouring solutions, including the Thermage® RF systems, Fraxel® laser, Clear
- [The Daily - August 5](https://macnicolasset.com/the-daily-august-3-duplicate-1-2/) - August 3, 2021 Daily Market Commentary Canadian Headlines Bausch Health Companies Inc. today announced that it plans to pursue an initial public offering (IPO) of its Solta Medical business ("Solta"). Solta is a leading global provider in medical aesthetics with innovative and effective skin rejuvenation and body contouring solutions, including the Thermage® RF systems, Fraxel® laser, Clear
- [The Daily - August 4](https://macnicolasset.com/the-daily-august-3-duplicate-1/) - August 4, 2021 Daily Market Commentary Canadian Headlines Canadian stocks reached a record high on Tuesday as consumer staples and tech shares advanced. The S&P/TSX Composite index rose 0.4% to 20,365.85, an all-time high for the close. Consumer staples stocks were the best performers, led by grocery retailers. Health care and real estate were the
- [The Daily - August 3](https://macnicolasset.com/the-daily-july-30-duplicate-1/) - August 3, 2021 Daily Market Commentary Canadian Headlines Bausch Health Companies Inc. today announced that it plans to pursue an initial public offering (IPO) of its Solta Medical business ("Solta"). Solta is a leading global provider in medical aesthetics with innovative and effective skin rejuvenation and body contouring solutions, including the Thermage® RF systems, Fraxel® laser, Clear
- [The Daily - July 30](https://macnicolasset.com/the-daily-july-29-duplicate-1/) - July 30, 2021 Daily Market Commentary Canadian Headlines Canada’s telecommunications companies will pay C$8.9 billion ($7.2 billion) to buy licenses for 5G wireless airwaves, with Rogers Communications Inc. spending the most to protect its No. 1 position in the market. Toronto-based Rogers committed C$3.3 billion in the government’s spectrum auction, while BCE Inc. spent C$2.1 billion and Telus Corp. more than
- [The Daily - July 29](https://macnicolasset.com/the-daily-july-29/) - July 29, 2021 Daily Market Commentary Canadian Headlines Canadian equities edged higher for a third session, led by a rally in cannabis producers following Tilray’s earnings. The S&P/TSX Composite Index rose 0.3%. Technology giant Shopify fell despite strong results. Inflation decelerated in Canada for the first time this year, but price pressures continue to run at some of the
- [The Daily - July 28](https://macnicolasset.com/the-daily-july-27-duplicate-1/) - July 28, 2021 Daily Market Commentary Canadian Headlines Canadian stocks were mixed Tuesday as investors digested corporate earnings. The S&P/TSX Composite Index was mostly unchanged, with real estate and industrials rising, while cannabis and energy lagged. Pot investors will gain some color this week as Tilray is set to report earnings after combining with Aphria. Shopify Inc. has entered
- [The Daily - July 27](https://macnicolasset.com/the-daily-july-26-duplicate-1/) - July 27, 2021 Daily Market Commentary Canadian Headlines Canadian equities fell Monday with weakness in information-technology stocks. The S&P/TSX Composite Index fell 0.1%. Shopify Inc. dropped 3.9%, most since May 3. The Canadian tech giant is set to report second quarter earnings July 28. Meanwhile, materials and energy stocks rallied ahead of big earnings reports. The takeover
- [The Daily - July 26](https://macnicolasset.com/the-daily-july-23-duplicate-1/) - July 26, 2021 Daily Market Commentary Canadian Headlines Pembina Pipeline Corp. terminated its C$8.5 billion ($6.7 billion) agreement to acquire Inter Pipeline Ltd. after Brookfield Infrastructure Partners LP raised its hostile bid for the Canadian energy company. Inter Pipeline said Monday in a statement it will pay a C$350 million termination fee to Pembina. “Inter Pipeline’s Board of Directors is open to
- [The Daily - July 23](https://macnicolasset.com/the-daily-july-21-duplicate-1/) - July 23, 2021 Daily Market Commentary Canadian Headlines Magna International Inc. will acquire Veoneer Inc.for $3.8 billion in cash, bolstering its business supplying advanced driver-assistance systems to automakers. The $31.25-a-share offer represents a 57% premium to Veoneer’s closing price on Thursday. The transaction is expected to close toward the end of this year, according to a statement. Veoneer
- [The Daily - July 21](https://macnicolasset.com/the-daily-july-20-duplicate-1/) - July 21, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets gained on Tuesday as investors bought the recent dips in stocks, led by health care companies. The S&P/TSX Composite index rose 1.1%, after falling 1.3% on Monday. All of the sectors were in the green, with health care and tech stocks leading the outperformance.
- [The Daily - July 20](https://macnicolasset.com/the-daily-july-19-duplicate-1/) - July 20, 2021 Daily Market Commentary Canadian Headlines The selloff in Canadian shares worsened on Monday after the spread of the delta coronavirus variant raised investors’ concern over the economic recovery, while tension between the U.S. and China escalated. The S&P/TSX Composite index fell as much as 1.9% in the biggest intraday drop since March
- [The Daily - July 19](https://macnicolasset.com/the-daily-july-16-duplicate-1/) - July 19, 2021 Daily Market Commentary Canadian Headlines Canada has fully vaccinated 48.8% of its population against Covid-19, overtaking the U.S. rate for the first time after a delayed start caused by procurement troubles and distribution bottlenecks. In the U.S, where vaccinations are plateauing in some regions, 48.5% of the population is fully inoculated. Of those old
- [The Daily - July 16](https://macnicolasset.com/the-daily-july-15-duplicate-1/) - July 16, 2021 Daily Market Commentary Canadian Headlines Canada will be able to welcome fully vaccinated travelers from all countries by early September if “the current positive path of vaccination rate and public health conditions continue,” Justin Trudeau said. U.S. citizens and residents who’ve had a full course of Covid-19 vaccines could be allowed in for non-essential
- [The Daily - July 15](https://macnicolasset.com/the-daily-july-14-duplicate-1/) - July 15, 2021 Daily Market Commentary Canadian Headlines Canada’s wireless spectrum auction is reported to have raised about C$8 billion ($6.4 billion), a record-breaking number that was higher than expected, according to RBC Capital Markets. The figure suggests the industry’s three dominant players -- BCE Inc., Rogers Communications Inc. and Telus Corp. -- may have spent heavily to boost their
- [The Daily - July 14](https://macnicolasset.com/the-daily-july-13-duplicate-1/) - July 14, 2021 Daily Market Commentary Canadian Headlines The Bank of Canada is expected to continue scaling back emergency levels of stimulus on Wednesday amid growing optimism about the speed of the recovery. The Ottawa-based central bank is unanimously forecast to cut its weekly purchases of Canadian government bonds by one-third to C$2 billion ($1.6 billion) per
- [The Daily - July 13](https://macnicolasset.com/the-daily-july-12-duplicate-1/) - July 13, 2021 Daily Market Commentary Canadian Headlines Royal Dutch Shell on Tuesday said that it plans to construct a large-scale carbon capture and storage facility at its Scotford Complex near Edmonton, Alberta. The Polaris carbon capture and storage facility would have storage capacity of about 300 million tons of carbon dioxide during its entire
- [The Daily - July 12](https://macnicolasset.com/the-daily-july-9-duplicate-1/) - July 12, 2021 Daily Market Commentary Canadian Headlines Canada’s transportation authority imposed new rules on its two largest railroad companies operating in wildfire-ravaged British Columbia as it investigates whether a freight train caused a blaze that destroyed a village two weeks ago. Canadian National Railway Co. and Canadian Pacific Railway Co. will have to ensure
- [The Daily - July 9](https://macnicolasset.com/the-daily-july-8-duplicate-1/) - July 9, 2021 Daily Market Commentary Canadian Headlines Canadian shares fell with the U.S. equity markets amid growing investor concern that the spread of Covid-19 variants will upend growth expectations, undoing popular reflation trades. The S&P/TSX Composite fell as much as 1.5% in Toronto, the most intraday since March 4. All of the eleven sectors
- [The Daily - July 8](https://macnicolasset.com/the-daily-july-7-duplicate-1/) - July 8, 2021 Daily Market Commentary Canadian Headlines Canadian stocks were mostly unchanged, paring earlier losses on Wednesday. The S&P/TSX Composite was flat in Toronto, paring earlier loss of as much as 0.3%. Industrials were the best performers, led by Waste Connections and GFL Environmental. Meanwhile, health care sector was the worst performer, led by
- [The Daily - July 7](https://macnicolasset.com/the-daily-july-6-duplicate-1/) - July 7, 2021 Daily Market Commentary Canadian Headlines Canadian stocks pared earlier losses and ended the session in the green, after tech sectors outperformed. The S&P/TSX Composite index was up slightly in Toronto. Tech stocks were the best performers, led by Shopify’s 5.6% gain. Consumer staples and energy were the worst performing stocks. Oil fell
- [The Daily - July 6](https://macnicolasset.com/the-daily-july-5-duplicate-1/) - July 6, 2021 Daily Market Commentary Canadian Headlines Canadian stocks rallied to their highest closing level on record Monday as energy companies outperformed on surging oil prices. The S&P/TSX Composite index rose 0.3% in Toronto, led by energy and tech stocks. Oil prices rose above $75 a barrel after OPEC+ abandoned its meeting without a
- [The Daily - July 5](https://macnicolasset.com/the-daily-july-2-duplicate-1/) - July 5, 2021 Daily Market Commentary Canadian Headlines A unit of Brookfield Asset Management Inc. agreed to acquire DexKo Global Inc., a supplier of axles and chassis to trailer and recreational-vehicle manufacturers, for $3.4 billion. Brookfield Business Partners LP, a listed arm of the Canadian investment firm, plans to fund the deal with about $1.1 billion of equity.
- [The Daily - July 2](https://macnicolasset.com/the-daily-june-30-duplicate-1/) - July 2, 2021 Daily Market Commentary Canadian Headlines Manulife Financial Corp. is planning to seek full control of its mutual fund joint venture in China to expand in one of the world’s fastest-growing wealth markets, according to a person familiar with the matter. The Toronto-based insurer is in talks to buy the 51% stake being sold
- [The Daily - June 30](https://macnicolasset.com/the-daily-june-29-duplicate-1/) - June 30, 2021 Daily Market Commentary Canadian Headlines The world is counting on farmers in North America for big harvests of everything from corn to canola this year. Due to weird weather patterns, growers will likely come up short. The U.S. and Canada are seeing unusual variability in climate, with some crops withering from severe
- [The Daily - June 29](https://macnicolasset.com/the-daily-june-28-duplicate-1/) - June 29, 2021 Daily Market Commentary Canadian Headlines Manulife Financial Corp. Chief Executive Officer Roy Gori is setting a higher bar for the financial firm’s Asia operations after growing the business substantially in the past four years. The Toronto-based company, which is hosting an investor day on Tuesday, is seeking to increase its Asian insurance and wealth businesses
- [The Daily - June 28](https://macnicolasset.com/the-daily-june-25-duplicate-1/) - June 28, 2021 Daily Market Commentary Canadian Headlines A unit of Brookfield Asset Management Inc. agreed to acquire Modulaire Group, the European designer of modular work spaces backed by TDR Capital for about $5 billion, in one of the largest private equity deals in Europe this year. Brookfield Business Partners LP, a listed arm of the $600 billion-plus Canadian investment
- [The Daily - June 25](https://macnicolasset.com/the-daily-june-24-duplicate-1/) - June 25, 2021 Daily Market Commentary Canadian Headlines Dye & Durham’s special committee appointed JPMorgan and Scotiabank to act as independent financial advisers after the company started a strategic review, as previously announced, in response to the receipt of a takeover proposal from a shareholder group led by certain members of management. BlackBerry Misses Estimates
- [The Daily - June 24](https://macnicolasset.com/the-daily-june-23-duplicate-1/) - June 24, 2021 Daily Market Commentary Canadian Headlines Canadian equities closed lower Wednesday in a session lacking direction. The S&P/TSX Composite Index fell 0.2% with ten of eleven sectors lagging. Empire Co. led the market lower after reducing same-store sales for the full year. Enbridge Inc.’s embattled plan to build a tunnel under the Straits of Mackinac for its Line
- [The Daily - June 23](https://macnicolasset.com/the-daily-june-18-duplicate-1/) - June 23, 2021 Daily Market Commentary Canadian Headlines Canadian equities advanced Tuesday, extending their strong start to the week. The S&P/TSX Composite Index increased 0.2% as nine of eleven sectors rose. Technology and consumer staples stocks climbed the most. Canada’s Senate passed legislation that will legalize single-event sports betting in the country. Shares of Score Media and Gaming rose
- [The Daily - June 18](https://macnicolasset.com/the-daily-june-17-duplicate-1/) - June 18, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell on Thursday, after cyclical stocks underperformed, while investors rotated into tech stocks after U.S. Federal Reserve officials signaled they’re preparing the way for a tapering of bond purchases. The S&P/TSX Composite index fell 0.4% in Toronto. Miners, energy and financials were the worst performers, while tech stocks
- [The Daily - June 17](https://macnicolasset.com/the-daily-june-16-duplicate-1/) - June 17, 2021 Daily Market Commentary Canadian Headlines Canadian stocks closed little changed on the day after initially rising when U.S. Federal Reserve officials signaled two rate hikes by the end of 2023. The S&P/TSX Composite Index was flat, with eight of eleven sectors declining. Tech and financials were among gainers. Gold fell to a four-week low after the
- [The Daily - June 16](https://macnicolasset.com/the-daily-june-15-duplicate-1/) - June 16, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets advanced on Tuesday, marking the fourth consecutive gain for the benchmark index, as energy and tech stocks outperformed. The S&P/TSX Composite index rose 0.4% in Toronto. Energy stocks were the best performers after oil climbed as a chorus of prominent traders in the crude market said
- [The Daily - June 15](https://macnicolasset.com/the-daily-june-14-duplicate-1/) - June 15, 2021 Daily Market Commentary Canadian Headlines Canada and the European Union launched a new partnership to secure supply chains for critical minerals and reduce dependence on China in a push for jobs and to counter climate change. “With EU partners, we talked about what we can do to build a cleaner economy for
- [The Daily - June 14](https://macnicolasset.com/the-daily-june-11-duplicate-1/) - June 14, 2021 Daily Market Commentary Canadian Headlines Group of Seven nations backed away from plans to set a target for making sure most new cars sold are greener vehicles, instead pledging only speed up efforts to move away from combustion engines. In the final communique Sunday, the bloc include an autos section that was
- [The Daily - June 11](https://macnicolasset.com/the-daily-june-10-duplicate-1/) - June 11, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose Thursday with mining companies leading the way. The S&P/TSX Composite Index rose 0.2% as seven of eleven sectors gained. Materials and tech led, while health care retreated. Gold erased early losses after U.S. inflation data showed domestic prices rising slightly faster than expected, causing real Treasury
- [The Daily - June 10](https://macnicolasset.com/the-daily-june-9-duplicate-1/) - June 10, 2021 Daily Market Commentary Canadian Headlines Brookfield Infrastructure Partners files an application with the Alberta Securities Commission challenging the defensive tactics employed by Inter Pipeline and the special committee of its board of directors. Brookfield says seeks elimination of the $350 million termination fee, agreed to by IPL and its board of directors, which “threatens to enrich Pembina Pipeline
- [The Daily - June 9](https://macnicolasset.com/the-daily-june-8-duplicate-1/) - June 9, 2021 Daily Market Commentary Canadian Headlines The battle for a controversial Canadian oil pipeline is heating up, with Pembina Pipeline Corp. forming a partnership with an indigenous group to buy the key Trans Mountain pipeline in a challenge to another native group seeking full ownership. Canada’s third-largest pipeline company said in an emailed statement it
- [The Daily - June 8](https://macnicolasset.com/the-daily-june-7-duplicate-1/) - June 8, 2021 Daily Market Commentary Canadian Headlines Canadian equities were relatively flat Monday as traders prep for economic data and corporate conferences. The S&P/TSX Composite Index rose 0.03%, with 7 of 11 sectors gaining. Trillium Therapeutics Inc. and Aurora Cannabis Inc. led health care stocks higher. Meanwhile, consumer discretionary retreated, led by seadoo-maker BRP
- [The Daily - June 7](https://macnicolasset.com/the-daily-june-4-duplicate-1/) - June 7, 2021 Daily Market Commentary Canadian Headlines Lightspeed POS Inc. said it’s making two deals to acquire digital platforms and will spend a total of $925 million in cash and stock. Acquisition of Ecwid, an e-commerce platform, is for $175 million in cash and $325 million in subordinate voting shares. Ecwid had $20m in revenue
- [The Daily - June 4](https://macnicolasset.com/the-daily-june-3-duplicate-1/) - June 4, 2021 Daily Market Commentary Canadian Headlines Analysts have raised their forecasts on the high-flying commodity-linked Canadian dollar as a proposed infrastructure spending package in the United States bolsters prospects for the global economy, a Reuters poll showed. The Canadian dollar has been the top performing Group of 10 currency this year, up about
- [The Daily - June 3](https://macnicolasset.com/the-daily-june-2-duplicate-1/) - June 3, 2021 Daily Market Commentary Canadian Headlines Canadian stocks failed to hold onto their earlier gains after a rally in cannabis stocks was offset by declines in consumer discretionary companies. The S&P/TSX Composite index was little changed in Toronto, after rising as much as 0.3%. Tilray and Cronos were among the best-performing pot stocks.
- [The Daily - June 2](https://macnicolasset.com/the-daily-june-1-duplicate-1/) - June 2, 2021 Daily Market Commentary Canadian Headlines Canada’s main stock index rose above 20,000 for the first time Tuesday, aided by a gain in energy shares, a rotation to value stocks and global economies emerging from the depths of Covid-19 lockdowns. The S&P/TSX Composite Index jumped as much as 1.5% before paring those gains to close up 1.2%
- [The Daily - June 1](https://macnicolasset.com/the-daily-may-31-duplicate-1-2/) - June 1, 2021 Daily Market Commentary Canadian Headlines Canadian equity markets gave up their earlier gains on Monday as marijuana and consumer stocks underperformed. The S&P/TSX Composite index fell -0.6%, reversing the earlier gain of as much as 0.3%. The decline marks the first drop for the index in five trading sessions. Cronos, Organigram were
- [The Daily - May 31](https://macnicolasset.com/the-daily-may-28-duplicate-1/) - May 31, 2021 Daily Market Commentary Canadian Headlines Canadian software company Dye & Durham Ltd. will review its options after a shareholder group led by management offered to buy the company for about C$3.4 billion ($2.8 billion), less than a year after it went public. The Toronto-based company announced Monday it will form a special committee of directors “to
- [The Daily - May 28](https://macnicolasset.com/the-daily-may-27-duplicate-1/) - May 28, 2021 Daily Market Commentary Canadian Headlines When Chrystia Freeland became Canada’s minister of finance in August, she had a mandate from Prime Minister Justin Trudeau to aggressively pursue economic growth. She was already Trudeau’s deputy and had led the government’s international trade and foreign ministries, making her a leading candidate to eventually succeed Trudeau even though she’d been
- [The Daily - May 27](https://macnicolasset.com/the-daily-may-26-duplicate-1/) - May 27, 2021 Daily Market Commentary Canadian Headlines Canadian equities gained for a second session to a record high. The S&P/TSX Composite Index gained 0.9%, with all eleven sectors rising. Health care and energy led the charge. U.S. Commerce Secretary Gina Raimondo said she wants to find a “long-term solution” to Washington’s long-running dispute with
- [The Daily - May 26](https://macnicolasset.com/the-daily-may-25-duplicate-1/) - May 26, 2021 Daily Market Commentary Canadian Headlines Canadian shares rose to a record after a comeback in information technology and cannabis stocks. The S&P/TSX Composite Index rose 0.2%, with eight of 11 sectors higher. The U.S. moved to set up a dispute-settlement panel to review Canada’s dairy quotas, which Washington alleges undermine the ability of
- [The Daily - May 25](https://macnicolasset.com/the-daily-may-21-duplicate-1/) - May 25, 2021 Daily Market Commentary Canadian Headlines The so-called financed emissions from British-headquartered banks and asset managers, as well as the U.K. arms of international banks such as Credit Suisse Group and JPMorgan Chase, totaled 805 million tons of CO2 in 2019, almost double the nation’s annual carbon emissions, according to the report, published
- [The Daily - May 21](https://macnicolasset.com/the-daily-may-20-duplicate-1/) - May 21, 2021 Daily Market Commentary Canadian Headlines Canadian officials escalated efforts to cool the nation’s booming housing market, moving ahead with tighter mortgage qualification rules after the central bank issued a fresh warning against buyers taking on too much debt. Prime Minister Justin Trudeau’s government set a new benchmark interest rate on Thursday afternoon to
- [The Daily - May 20](https://macnicolasset.com/the-daily-may-19-duplicate-1/) - May 20, 2021 Daily Market Commentary Canadian Headlines A cloud of methane was detected by satellite over a natural gas field in Canada, identifying a hidden source of pollution from one of North America’s most prolific production basins. The emissions rate was estimated at 79 metric tons an hour on April 20, according to geospatial analytics company Kayrros SAS, which
- [The Daily - May 19](https://macnicolasset.com/the-daily-may-18-duplicate-1/) - May 19, 2021 Daily Market Commentary Canadian Headlines Canadian shares rose for second day this week, after tech and health-care stocks outperformed. The S&P/TSX Composite index rose 0.2% in Toronto, after rebounding from earlier loss of as much as 0.3%. Tech stocks were the best performers, led by Shopify after Google announced e-commerce shopping partnership with the
- [The Daily - May 18](https://macnicolasset.com/the-daily-may-17-duplicate-1/) - May 18, 2021 Daily Market Commentary Canadian Headlines Canadian National Railway Co.’s proposal to buy Kansas City Southern will be judged under stricter rules adopted in 2001, the industry’s U.S. overseer said Monday, mapping the path to the first major rail merger in more than 20 years. The Surface Transportation Board also denied Canadian National’s initial request
- [The Daily - May 17](https://macnicolasset.com/the-daily-may-14-duplicate-1/) - May 17, 2021 Daily Market Commentary Canadian Headlines KKR & Co. has agreed to buy sustainability consultancy ERM Group Inc. at a time when the business world is paying ever-closer attention to green issues amid pressure from investors. The private equity firm has acquired a majority stake in ERM from Canada’s Omers Private Equity and Alberta Investment Management
- [The Daily - May 14](https://macnicolasset.com/the-daily-may-13-duplicate-1/) - May 14, 2021 Daily Market Commentary Canadian Headlines Kansas City Southern said it intends to accept a revised merger offer from Canadian National Railway Co. but will give its other suitor, Canadian Pacific Railway Ltd., until May 21 to come up with a higher bid. Canadian National’s binding $33.6 billion offer is “superior” to the proposal by its Canadian
- [The Daily - May 13](https://macnicolasset.com/the-daily-may-12-duplicate-1/) - May 13, 2021 Daily Market Commentary Canadian Headlines Canadian shares fell for a third day along with U.S. equities on inflation concerns after a higher than expected uptick in U.S. consumer prices. The S&P/TSX Composite index fell 0.9% in Toronto to lowest since April 23. All of the stock sectors fell, except energy as oil prices climbed.
- [The Daily - May 12](https://macnicolasset.com/the-daily-may-11-duplicate-1/) - May 12, 2021 Daily Market Commentary Canadian Headlines Canadian stocks pared some of their earlier losses on Tuesday, but still ended the session in the red amid a broader equity market selloff. The S&P/TSX Composite index fell 0.5% in Toronto with consumer discretionary and real estate stocks as the worst performers, while tech and health
- [The Daily - May 11](https://macnicolasset.com/the-daily-may-10-duplicate-1/) - May 11, 2021 Daily Market Commentary Canadian Headlines Justin Trudeau’s debt-financed spending plan earned a stamp of approval from at least one former Bank of Canada governor amid a simmering debate over whether the budget can propel long-term growth. Stephen Poloz, whose term as the nation’s central bank chief ended last June, said in an interview that
- [The Daily - May 10](https://macnicolasset.com/the-daily-may-7-duplicate-1/) - May 10, 2021 Daily Market Commentary Canadian Headlines Ninepoint Partners LP is seeking to lessen apprehension about the energy usage of Bitcoin by dedicating a portion of its crypto ETF’s management fee to offset the fund’s carbon footprint. “For some investors who are concerned about the carbon footprint of mining, they may be wary of
- [The Daily - May 7](https://macnicolasset.com/the-daily-may-6-duplicate-1/) - May 7, 2021 Daily Market Commentary Canadian Headlines Canadian equities closed lower Thursday amid a wave of corporate earnings. The S&P/TSX Composite Index fell 0.1%. Materials were a bright spot, while cannabis and tech retreated. Spot iron ore broke $200 a ton for the first time, while copper approached a record high as Chinese investors unleashed fresh
- [The Daily - May 6](https://macnicolasset.com/the-daily-may-5-duplicate-1/) - May 6, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose Wednesday amid a slew of corporate earnings. The S&P/TSX Composite Index rose 0.6%, with energy and materials leading. Teck Resources Ltd. gained 7.1% and Suncor Energy Inc. rose 3.6%. U.S. lumber futures extended their steep rally to fresh record highs, shooting above $1,500 as sawmills try
- [The Daily - May 5](https://macnicolasset.com/the-daily-may-4-duplicate-1/) - May 5, 2021 Daily Market Commentary Canadian Headlines Canadian equities fell Tuesday after mixed earnings reports, while U.S. Treasury Secretary Janet Yellen ruffled markets with a comment that interest rates will likely rise. The S&P/TSX Composite Index fell 0.1%. Ballard Power Systems Inc. tumbled 20% after weak earnings, while Bausch Health Cos Inc. lost 11%. The Bloomberg Commodity Spot Index, which tracks
- [The Daily - May 4](https://macnicolasset.com/the-daily-may-3-duplicate-1/) - May 4, 2021 Daily Market Commentary Canadian Headlines The real estate investment firm Hines is raising money for deals in the Asia-Pacific region as it looks for opportunities coming out of the pandemic. The fund, Hines Asia Property Partners, will have an initial investment capacity of roughly $900 million, according to a statement on Tuesday. Cadillac Fairview,
- [The Daily - May 3](https://macnicolasset.com/the-daily-april-30-duplicate-1/) - May 3, 2021 Daily Market Commentary Canadian Headlines Canada’s top capital markets regulator is investigating officers and shareholders of Bridging Finance Inc., one of the country’s largest private lenders, on allegations they misappropriated investor funds. An Ontario court appointed PricewaterhouseCoopers to take control of Bridging at the request of the Ontario Securities Commission, pending the outcome of the investigation.
- [The Daily - April 30](https://macnicolasset.com/the-daily-april-29-duplicate-1/) - April 30, 2021 Daily Market Commentary Canadian Headlines Canadian stocks fell on Thursday, after tech and materials stocks underperformed. The S&P/TSX Composite index fell 0.5% in Toronto. Tech stocks were the worst performers, while energy outperformed. Meanwhile, lumber demand is so strong that Resolute Forest Products Inc.’s order book exceeds its inventory, according to Chief Executive Officer
- [The Daily - April 29](https://macnicolasset.com/the-daily-april-28-duplicate-1/) - April 29, 2021 Daily Market Commentary Canadian Headlines BCE Inc. said its first-quarter revenue rose 1.2% from a year earlier, to C$5.7 billion ($4.6 billion), beating analysts’ average estimates of C$5.60 billion. The Montreal-based company added 32,925 new postpaid mobile phone subscribers. Average billing per mobile user fell 3.4% to C$70.34. BCE’s profitability beat expectations. Adjusted
- [The Daily - April 28](https://macnicolasset.com/the-daily-april-27-duplicate-1/) - April 28, 2021 Daily Market Commentary Canadian Headlines Canadian shares were little changed as a rally in energy stocks were matched by a decline in mining companies. The S&P/TSX Composite index was flat in Toronto. Energy stocks were the best performers as oil climbed with the OPEC+ alliance and BP Plc pointing to signs of a robust
- [The Daily - April 27](https://macnicolasset.com/the-daily-april-26-duplicate-1/) - April 27, 2021 Daily Market Commentary Canadian Headlines Canadian stocks advanced on Monday as tech and health care companies outperformed other sectors. The S&P/TSX Composite index rose 0.4% in Toronto. Tech stocks were led by Shopify, as the e-commerce giant’s shares rose 5%, heading into this week’s earnings. On the M&A front, Fortuna Silver Mines
- [The Daily - April 26](https://macnicolasset.com/the-daily-april-23-duplicate-1/) - April 26, 2021 Daily Market Commentary Canadian Headlines Canadian Pacific Railway Ltd. won a petition for its proposed tie-up with Kansas City Southern to be exempt from tougher merger rules that the regulator had established in 2001, lowering the burden for winning approval of the deal. The Surface Transportation Board, which is the final authority on rail acquisitions,
- [The Daily - April 23](https://macnicolasset.com/the-daily-april-22-duplicate-1/) - April 23, 2021 Daily Market Commentary Canadian Headlines Canadian equities dipped Thursday in a volatile session, with U.S. President Joe Biden thinking about doubling the capital gains tax rate for wealthy individuals to 39.6%. The S&P/TSX Composite Index fell 0.6% to its lowest since April 5. All 11 sectors declined, with tech and materials leading the drop. Ontario Premier Doug
- [The Daily - April 22](https://macnicolasset.com/the-daily-april-21-duplicate-1/) - April 22, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose amid corporate earnings reports after dropping in the previous two session. The S&P/TSX Composite Index gained 0.5%, with eight of 11 sectors higher. Shaw Communications jumped 6.8% after earnings, while Trulieve Cannabis and Canopy Growth Gorp. both rose more than 6%. Oil fell for a second day
- [The Daily - April 21](https://macnicolasset.com/the-daily-april-20-duplicate-1/) - April 21, 2021 Daily Market Commentary Canadian Headlines Canadian equities extended their drop Tuesday to their lowest level since April 5. The S&P/TSX Composite Index fell 0.9%, with marijuana stocks leading the drop. Industrials were also weak with Canadian National Railway dropping 6.3% after a deal offer. CN’s offer of $30 billion to snatch Kansas
- [The Daily - April 20](https://macnicolasset.com/the-daily-april-19-duplicate-1/) - April 20, 2021 Daily Market Commentary Canadian Headlines Canadian equities dropped Monday led by a retreat in information technology stocks. The S&P/TSX Composite fell 0.8% to its lowest level since April 14. Shopify and Lightspeed POS led tech shares lower, both down over 3.5%. Ten of eleven sectors dropped. Kansas City Southern spiked as much as
- [The Daily - April 19](https://macnicolasset.com/the-daily-april-16-duplicate-1/) - April 19, 2021 Daily Market Commentary Canadian Headlines Justin Trudeau is set to unveil a vision for Canada’s post-pandemic recovery that will double as an election platform, heavy on new spending and assurances the mounting debt is affordable. The April 19 budget, the prime minister’s first full fiscal plan since before Covid-19 hit, is an opportunity
- [The Daily - April 16](https://macnicolasset.com/the-daily-april-15-duplicate-1/) - April 16, 2021 Daily Market Commentary Canadian Headlines Canadian stocks climbed to a new high on Thursday after mining and tech companies outperformed. The S&P/TSX Composite index rose 0.8% in Toronto. Miners were the best performers as most metals rallied, while health care stocks performed the worst as pot stocks declined. Meanwhile, the Canadian housing market hit
- [The Daily - April 15](https://macnicolasset.com/the-daily-april-14-duplicate-1/) - April 15, 2021 Daily Market Commentary Canadian Headlines Canadian shares gave up their session gains on Wednesday after tech and marijuana stocks declined. The S&P/TSX Composite index fell 0.2% in Toronto. Tech and health care sectors were the worst performers, while energy and materials were the best. Oil price surged to the highest level in a
- [The Daily - April 14](https://macnicolasset.com/the-daily-april-13-duplicate-1/) - April 14, 2021 Daily Market Commentary Canadian Headlines Royal Bank of Canada and Bank of Nova Scotia have signed on to help provide the C$19 billion ($15.2 billion) bridge loan raised by Rogers Communications Inc. to buy a smaller rival, according to a person familiar with the matter. Bank of America Corp., which was initially the sole lender on the transaction, carried
- [The Daily - April 13](https://macnicolasset.com/the-daily-april-12-duplicate-1/) - April 13, 2021 Daily Market Commentary Canadian Headlines Air Canada reached a deal with the Canadian government for loans and equity worth nearly C$5.9 billion ($4.7 billion), a package to help the airline get through the pandemic and restore flights to remote parts of the country. The state, which sold off its ownership interest in the
- [The Daily - April 12](https://macnicolasset.com/the-daily-april-9-duplicate-1/) - April 12, 2021 Daily Market Commentary Canadian Headlines Bank of Montreal agreed to sell its Europe, Middle East and Africa asset-management unit to Ameriprise Financial Inc. for 615 million pounds ($847 million), marking Chief Executive Officer Darryl White’sbiggest move yet to trim the bank’s portfolio of non-core businesses. The sale also includes the opportunity for some U.S. clients to
- [The Daily - April 9](https://macnicolasset.com/the-daily-april-8-duplicate-1/) - April 9, 2021 Daily Market Commentary Canadian Headlines Almost as soon as it was announced, the Canadian government’s first attempt to rein in the country’s pandemic housing boom was dismissed as not enough. Canada’s banking regulator signaled its intent Thursday to take a small step by tightening qualification rules for uninsured mortgages, worried that low interest
- [The Daily - April 8](https://macnicolasset.com/the-daily-april-7-duplicate-1/) - April 8, 2021 Daily Market Commentary Canadian Headlines Canadian equities posted a slight rise Wednesday as investors digested global vaccinations along with comments from the U.S. Federal Reserve. The S&P/TSX Composite Index rose 0.1% with seven of 11 sectors higher. Consumer staples led the charge while health care retreated. Bank of Montreal’s CEO said Canada’s policy makers
- [The Daily - April 7](https://macnicolasset.com/the-daily-april-6-duplicate-1/) - April 7, 2021 Daily Market Commentary Canadian Headlines Canadian equities rose Tuesday for a third straight session, aided by rising commodity prices. The S&P/TSX Composite Index rose 0.4%, with 7 of 11 sectors advancing. Tech also climbed, while health care fell. Oil rose as a brighter economic growth outlook and calls for a summer travel pickup
- [The Daily - April 6](https://macnicolasset.com/the-daily-april-5-duplicate-1/) - April 6, 2021 Daily Market Commentary Canadian Headlines Canadian equities gained Monday though lost some of their early spark. The S&P/TSX Composite Index gained 0.2%, with materials and utilities leading advancers. Energy and tech retreated. Oil plunged the most in nearly two weeks as growing delays in Europe’s reopening and looming Iranian supply damped hopes for a

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