Equity

January 11th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gained with the S&P/TSX Composite Index up 1.4 percent to highest since December 6. Health care and information technology sectors led the way. The Bank of Canada indicated less urgency in its push toward higher interest rates as the economy grapples with slumping oil prices. Separately, [...]

January 10th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gained with the S&P/TSX Composite Index up 1.4 percent to highest since December 6. Health care and information technology sectors led the way. The Bank of Canada indicated less urgency in its push toward higher interest rates as the economy grapples with slumping oil prices. Separately, [...]

January 9th, 2019 Daily Market Commentary   Canadian Headlines Canadian heavy crude extended its surge as one of Alberta’s largest oil-sands producers said its mandatory February oil production curtailment will be similar to January’s. Western Canadian Select’s discount to West Texas Intermediate futures narrowed $1.50 to $9 a barrel Tuesday, the tightest since April 2017, data compiled [...]

January 8th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks ended Monday in the green after a weak start, with the S&P/TSX Composite Index gaining 0.5 percent. Information technology and consumer discretionary led the way while materials underperformed. Heavy Canadian crude surged to the strongest level in more than a year as rail shipments keep rising [...]

January 7th, 2019 Daily Market Commentary   Canadian Headlines ·         After a wild year for the cannabis sector, it’s appropriate that 2019 kicks off with a focus on Aphria Inc., the Canadian pot producer that was attacked by short sellers and is now the target of a hostile takeover bid. Aphria reports results for the fiscal second quarter on [...]

January 4th, 2019 Daily Market Commentary   Canadian Headlines ·         Canadian stocks retreated, led by tech stocks after Apple Inc. cut its sales outlook, but avoided the deeper losses experienced south of the border. The S&P/TSX Composite Index fell 0.9 percent to 14,212.75, the most since the market’s Christmas Eve selloff, but that paled in comparison [...]

January 3rd, 2019 Daily Market Commentary   Canadian Headlines ·         Barrick Gold Corp.’s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up. Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion deal announced in September. As part of the agreement, Randgold’s CEO, Mark Bristow, [...]

January 2nd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rose on the final trading day of the year but it wasn’t enough to prevent them from posting their worst annual performance since 2008. The S&P/TSX Composite Index gained 0.7 percent to 14,322.86 on thin New Year’s Eve volume after U.S. President Donald Trump reported “big [...]

December 31st, 2018 Daily Market Commentary   Canadian Headlines Canada Goose Holdings Inc. rose 6 percent in early trading before U.S. markets opened after the company opened its flagship store in Beijing over the weekend. The store had been delayed since Dec. 15 amid escalating tensions between Canada and China following the arrest of Huawei Technologies Co.’s [...]