Canada asset management

November 26th, 2018 Daily Market Commentary   Canadian Headlines A car plant that General Motors Co. has operated for 65 years in Canada could be on the verge of shutting down, though the union that represents thousands of workers at the factory are still holding out hope. The company will announce Monday that it’s ending production at [...]

November 23rd, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks failed to gain traction following Wednesday’s rally, closing slightly lower on holiday-hit trading volumes. The S&P/TSX Composite Index fell less than 0.1 percent to 15,091.58 Thursday, fresh off the heels of Wednesday’s 1.5 percent surge. Volume was about 60 percent lower than average due to the U.S. Thanksgiving [...]

November 21st, 2018 Daily Market Commentary   Canadian Headlines Justin Trudeau spent a windfall on billions in tax breaks for Canadian businesses. Their response is that he still has work to do. Finance Minister Bill Morneau unveiled a fiscal update Wednesday in Ottawa with C$14 billion ($10.5 billion) in temporary write-offs for capital investment, a pledge to slash red tape, [...]

November 20th, 2018 Daily Market Commentary   Canadian Headlines Amid the worst crude-price environment in its history, the Canadian oil industry is being hamstrung by internal divisions that are making it harder to rally around potential solutions. That draws a stark contrast to the U.S., where a less divided industry wields more clout. Most notable is the [...]

November 19th, 2018 Daily Market Commentary   Canadian Headlines Prime Minister Justin Trudeau gets one of his last chances this week to mend frosty ties with Canada’s business community as next year’s election nears. Trudeau’s finance chief, Bill Morneau, will unveil a fiscal update Wednesday in Ottawa that provides a shot at redemption after warnings about the country’s fading [...]

November 16th, 2018 Daily Market Commentary   Canadian Headlines BlackBerry Ltd., the former mobile phone giant that’s now focused on producing software, is acquiring cybersecurity company Cylance Inc. for $1.4 billion. Waterloo, Ontario-based BlackBerry said the acquisition of Cylance would enable it to add artificial intelligence capabilities to its existing software products. It said the all-cash deal [...]

November 15th, 2018 Daily Market Commentary   Canadian Headlines Steve Williams, 62, is going to retire as chief executive officer of Suncor, Canada’s largest oil producer. Chief Operating Officer Mark Little was appointed president effective immediately and will succeed Williams as CEO in May, the company said. Investors will be watching for hints as how Ontario plans [...]

November 14th, 2018 Daily Market Commentary   Canadian Headlines Fewer Canadians are feeling strained by higher interest rates even as borrowing costs rise, polling data show, findings that should bolster the Bank of Canada’s confidence to tighten credit further. Some 41 percent of Canadians say higher borrowing costs are having a negative impact on their personal [...]

November 13th, 2018 Daily Market Commentary   Canadian Headlines HNA Group Co.’s sale of container-leasing business Seaco has attracted potential bidders including Japanese financial firm Orix Corp.and Bermuda-based Triton International Ltd., people familiar with the matter said. Seaco has also drawn preliminary interest from investment funds including Ontario Teachers’ Pension Plan, which owns rival lessor SeaCube Container [...]