February 26th, 2019 Daily Market Commentary  Canadian Headlines Canadian stocks advanced Monday, following early gains in global stocks after U.S. President Donald Trump postponed the date for boosting tariffs on Chinese imports, taken as a sign of progress in the trade talks. The S&P/TSX Composite Index rose 0.3 percent to 16,057.03, its highest closing [...]
February 25th, 2019 Daily Market Commentary  Canadian Headlines Barrick Gold Corp. is going hostile in its bid to acquire Newmont Mining Corp. and create the world’s largest gold producer by offering $17.8 billion for the company in an all-share deal. The offer raises the potential for a three-way fight between some of the world’s largest gold miners, [...]
February 22nd, 2019 Daily Market Commentary  Canadian Headlines The debt-trading malaise that hurt U.S. lenders last quarter has extended north of the border, though Royal Bank of Canada’s equities traders helped soften the blow. The company saw a 12 percent slump in trading revenue from fixed income, currencies and commodities in the three months through [...]
February 21th, 2019 Daily Market Commentary  Canadian Headlines Bank of Canada Governor Stephen Poloz gives his last speech Thursday before next month’s rate decision, with investors looking for indications on whether he will follow the Federal Reserve toward a more dovish tilt on policy. While Poloz has signaled he’s in no rush, he has stuck to [...]
February 20th, 2019 Daily Market Commentary  Canadian Headlines Alberta is preparing a giant crude-by-rail operation to help its oil-sands producers cope with a pipeline crunch, and it expects a big profit from the venture. The Canadian province, which holds the world’s third-largest crude reserves, plans to net C$2.2 billion ($1.7 billion) after investing C$3.7 [...]
February 19th, 2019 Daily Market Commentary  Canadian Headlines Canadian Prime Minister Justin Trudeau has lost his top aide as the controversy over the government’s role in the SNC-Lavalin Group Inc. legal case deepens. In a bombshell departure ahead of an election this year, Gerald Butts resigned as Trudeau’s principal secretary on Monday, a holiday in much of the country. [...]
February 15h, 2019 Daily Market Commentary  Canadian Headlines Facing bumper production in 2019, Agnico Eagle Mines Ltd.is giving more back to shareholders in the form of a 14 percent dividendhike -- and says it likely won’t stop there. The Toronto-based miner is forecasting record gold output as it brings two major projects in Canada’s subarctic into [...]
February 14h, 2019 Daily Market Commentary  Canadian Headlines The world’s largest new copper mine rumbled to a start this week in the Panamanian jungle, poised to supply a global market that’s tipping into deficit and gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble. Cobre Panama, a [...]
February 13th, 2019 Daily Market Commentary  Canadian Headlines Canadian stocks gained for the first time in four sessions amid a broader global rally kickstarted by optimism over trade talks and a possible deal to avoid a U.S. government shutdown. The S&P/TSX Composite Index added 0.5 percent to 15,642.10. Information technology was one of the strongest sectors, gaining [...]
February 12th, 2019 Daily Market Commentary  Canadian Headlines Canadian stocks fell for a third day as investors took a risk-off approach to a week that could provide clarity on global trade. Energy stocks gained, offset by declines in most other sectors. The S&P/TSX Composite Index lost 0.4 percent to 15,568.85, the lowest since Feb. 1. [...]
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