Canada asset management

October 29th, 2018 Daily Market Commentary Canadian Headlines U.S. pot companies are pushing north of the border in search of capital. Curaleaf Inc., a Massachusetts-based company backed by Moscow banking veteran Boris Jordan with roughly 30 pot stores open in 12 states, is raising $350 million through a private placement that values the company at about $4 billion. The [...]

October 26th, 2018 Daily Market Commentary Canadian Headlines The Canadian cannabis industry is still reeling from sky-high demand in the second week of legalization, with growers expressing frustration at the length of time it’s taking to get licensed as shelves sit empty. The process of getting a sales license from Health Canada is onerous, according [...]

October 25th, 2018 Daily Market Commentary Canadian Headlines The U.S. has its fiscal stimulus. The Canadian economy? Well, it has its human stimulus. The biggest population increase in six decades, driven by international migration, is one reason the Bank of Canada has been able to match the Federal Reserve hike-for-hike since June 2017 -- making the two easily the most hawkish [...]

October 24th, 2018 Daily Market Commentary Canadian Headlines Canadian stocks swung through another volatile session amid a morning rout in U.S. stocks spurred by disappointing results from Caterpillar and 3M. Those results added to worries that rising costs will erode profit margins. The Canadian 10-year yield fell to the lowest in nearly a month as bonds rallied. [...]

October 23rd, 2018 Daily Market Commentary Canadian Headlines For the first time in a decade, Canada’s policy makers are worrying the economy is running too hot instead of too cold. The federal government and Bank of Canada are set to release key reports that will paint a picture of an economy running at full steam, with the [...]

October 22nd, 2018 Daily Market Commentary Canadian Headlines Rotating strikes at Canada’s state-owned mail carrier will start in four cities early Monday unless a last-minute deal over collective agreements is reached, according to the union involved in the negotiations. The strikes will last 24 hours and could delay mail delivery, the Canadian Union of Postal [...]

October 20th, 2018 Daily Market Commentary Canadian Headlines Rogers Communications reported adjusted earnings per share for the third quarter that beat the average analyst estimate. 3Q adjusted EPS C$1.21, estimate C$1.17. A slowing economy and rising borrowing costs will probably push Canadian delinquency rates higher in coming months, according to the country’s largest credit reporting firm. Bill [...]

October 18th, 2018 Daily Market Commentary Canadian Headlines MEG Energy Corp. said Wednesday it had rejected a C$3 billion ($2.3 billion) hostile takeover by Husky Energy Inc. and plans to launch a strategic review with an eye to finding another buyer. The Calgary-based oil and natural gas company said its board unanimously rejected the unsolicited bid Husky made [...]

October 16th, 2018 Daily Market Commentary Canadian Headlines Justin Trudeau’s government is under increasing attack for its U.S. trade deal, but Canadians still see the prime minister as the best bet for dealing with Donald Trump. In a Nanos Research poll conducted for Bloomberg, 39 percent of Canadians say Trudeau is the best for managing ties [...]