Canada asset management

November 12th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks ended the week on a sour note and U.S. stocks also turned sharply lower Friday amid a fresh round of selling in technology shares sparked by weak earnings. Crude capped its longest losing streak on record. The S&P/TSX Composite Index fell 0.5%, with pot [...]

November 8th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks climbed along with their U.S. peers as markets moved past the hurdle of uncertainty presented by the U.S. midterm elections. Pot stocks lifted Canadian equities higher after Michigan voted to legalize recreational marijuana and Missouri approved it for medical use. The S&P/TSX Composite Index [...]

November 7th, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks followed U.S. peers higher for a second day, boosted by pot stocks and utilities. The increase comes as Americans go to the polls to vote in the midterm elections, with congressional races seen as a referendum on President Donald Trump’s policies. The S&P/TSX Composite [...]

November 2nd, 2018 Daily Market Commentary   Canadian Headlines Dutch packaging firm Schoeller Allibert Group BV is in talks to merge with Irish rival IPL Plastics Inc., according to people familiar with the matter. Schoeller Allibert, majority owned by an affiliate of Brookfield Asset Management Inc., has been in merger talks with IPL for several months, said the people, [...]

November 1st, 2018 Daily Market Commentary   Canadian Headlines Canadian stocks rose alongside their U.S. peers as megacap tech shares that bore the brunt of October’s rout paced the Wednesday rebound. The rally trimmed some of the S&P/TSX Composite index’s losses this month but the benchmark still ended October lower by 6.5%, its worst monthly performance since [...]

October 31st, 2018 Daily Market Commentary   Canadian Headlines The highways of Saskatchewan show just how desperate Canadian oil producers are to get their crude to market. Tanker trucks laden with oil are journeying almost 500 miles to pipeline and rail terminals. It’s a phenomenon that Ken Boettcher, president of Three Star Trucking Ltd. in Alida, Saskatchewan, [...]

October 30th, 2018 Daily Market Commentary Canadian Headlines From declining resource stocks to the recent rout in cannabis shares, Canada’s venture exchange can’t seem to catch a break. Pot stocks accounted for more than a third the 11 percent decline in the S&P/TSX Venture Composite Index so far this quarter, with cannabis companies making up [...]