May 23rd, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian stocks bounced off their session lows but still closed at the lowest level in a week as a disappointing start to bank earnings season and trade tensions weighed on the benchmark. The S&P/TSX Composite Index lost 0.6% to 16,327.35, the biggest drop in six sessions. [...]
May 22nd, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian stocks rose on Tuesday, reversing earlier losses, as U.S. equities also rebounded in the wake of the latest trade-war moves. The S&P/TSX Composite Index climbed close to 0.2% to 16,426 in Toronto. Communication services and financial companies outperformed other industry groups, while materials stocks dragged [...]
May 21st, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian stocks fell, ending a three-day win streak as trade related jitters left investors to hit the sell button, globally. The S&P/TSX Composite Index fell 0.3% to 16,401.75 on Friday in Toronto. Pot stocks were among the worst performers, while consumer staples were the best. Seven of the [...]
May 17th, 2019 Daily Market Commentary NEWS Canadian Headlines Canada’s opposition Conservatives, leading in the polls ahead of October elections, will seek to make the country oil independent within 10 years if they win power, the party’s leader said Thursday. Andrew Scheer, the front-runner to unseat Prime Minister Justin Trudeau, said he’ll work toward that goal [...]
May 16th, 2019 Daily Market Commentary NEWS Canadian Headlines China confirmed it has formally arrested two Canadians detained since December, in cases that have further strained tensions between the countries. Michael Kovrig, who works for the International Crisis Group, and entrepreneur Michael Spavor “were arrested in accordance with the law,” Chinese Foreign Ministry spokesman Lu Kang told [...]
May 15th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian crude prices fell Tuesday as storage tanks topped out amid refinery maintenance in the U.S. Midwest. Heavy Western Canadian Select, an oil sands benchmark, fell to the biggest discount against West Texas Intermediate futures since Feb. 19, data compiled by Bloomberg show. Edmonton Mixed Sweet, a light grade, [...]
May 14th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian stocks continued to decline for a third day, after China retaliated with higher tariffs on a range of American goods. Pot stocks were the biggest losers as new Canada licensing rules may worsen a shortage. The S&P/TSX Composite Index fell 0.6% to 16,193. Health care and consumer discretionary sectors [...]
May 13th, 2019 Daily Market Commentary NEWS Canadian Headlines Bank of Canada Governor Stephen Poloz enters the final year of his term next month, and the guessing game on who could succeed him is underway. While Poloz hasn’t officially announced whether he wants to stay, no Canadian central bank governor has been given a second mandate since [...]
May 10th, 2019 Daily Market Commentary NEWS Canadian Headlines President Donald Trump discussed trade and legal disputes with China in a telephone conversation Thursday with Canadian Prime Minister Justin Trudeau. The two leaders talked about the negotiations with China as the U.S. readied a tariff increase from 10% to 25% on some $200 billion in Chinese goods, [...]
May 9th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian Prime Minister Justin Trudeau’s plan to make housing more affordable for millennials could result in shared gains -- or losses -- for taxpayers. The government announced in its March federal budget that Canada’s housing agency will spend up to C$1.25 billion ($928 million) over three years to take [...]
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