Canada asset management

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

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

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

April 18th, 2019 Daily Market Commentary   Canadian Headlines Canopy Growth Corp. shares gained as much as 7.8 percent in pre-market U.S. trading after the Canadian cannabis producer was said to be near a deal to acquire Acreage Holdings Inc., a cross-border purchase that analysts say would be “a big positive.” The deal would allow [...]

April 17th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks dropped Tuesday, stopping a four-day advance, as the market took a steep drop in late trading. The S&P/TSX Composite Index lost 0.1 percent to 16,502. Information technology, materials and real estate lagged while health care and consumer discretionary outperformed. Cannabis companies will continue to [...]

April 16th, 2019 Daily Market Commentary   Canadian Headlines Voters in the Canadian province of Alberta, home to the world’s third-largest oil reserves, head to the voting booth today in a divisive election that could have wide-ranging implications for the country’s environmental policy and global energy markets. Polls have consistently shown that United Conservative Party [...]

April 15th, 2019 Daily Market Commentary   Canadian Headlines Bank of Canada Governor Stephen Poloz indicated he’s all but abandoned any bias for higher interest rates, saying officials are simply focused on keeping policy aligned with current economic conditions. Asked at a press briefing Saturday in Washington whether he’s done with hiking, Poloz said: “That’s a very [...]

April 12th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks climbed for the eighth day in nine, pushed up by energy and information technology. One of the best performers was the online platform for merchants, Shopify Inc., which hit an all-time high. The S&P/TSX Composite Index added 0.02 percent to 16,399 in Toronto. Energy [...]

April 11th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rebounded from their first drop in seven days as oil prices rose and soft U.S. inflation was seen as encouraging a dovish tone from central bankers. The pot sector also rose after a two-day decline. The S&P/TSX Composite Index added 0.4 percent to 16,396.29 [...]

April 10th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks snapped six days of gains on Tuesday, falling along with U.S. equities, as pot stocks underperformed for a second straight session. The S&P/TSX Composite Index fell 0.4 percent to 16,336.45. The pot sector contributed to the decline in health care, the worst performing sector, dropping [...]