ETFs

March 12, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rose to their highest level since September with every sector gaining as global indexes rebounded from a gloomy week. The S&P/TSX Composite Index added 0.7 percent to 16,106.24. That’s the biggest gain since mid-February and more than erases last week’s drop, which was the [...]

March 11, 2019 Daily Market Commentary   Bloomberg - Meet SNC, the Company That Trudeau’s Risking His Career to Save. SNC-Lavalin Group Inc. has had more than its share of woes lately. The company faces charges for bribery in Libya, posted two profit warnings for troubles in Chile and Saudi Arabia, and has lost almost half [...]

March 8, 2019 Daily Market Commentary   Canadian Headlines It’s jobs day in Canada (and the U.S.), with economists estimating a net gain of 1,200 positions in February, which would mark a sharp decline from January’s hiring spree. Norway’s sovereign wealth fund, which has ~$1.4 trillion in assets, is going ahead with a divestment of [...]

March 7, 2019 Daily Market Commentary   Canadian Headlines The Bank of Canada diluted its conviction that interest rates will need to go higher as officials expressed greater uncertainty about the outlook amid a deeper-than-expected slowdown. The Ottawa-based central bank left its overnight benchmark rate unchanged at 1.75 percent for a third straight decision Wednesday, as widely expected. From their last [...]

March 6, 2019 Daily Market Commentary   Canadian Headlines The Canadian economy’s sudden slowdown at the end of last year is set to keep the Bank of Canada from raising interest rates Wednesday, with investors looking for clues as to whether it pushes Governor Stephen Poloz off his hiking path altogether. All 25 analysts surveyed by Bloomberg see policy makers leaving the benchmark [...]

March 5, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks edged lower on Monday after the delay to Enbridge Inc.’s Line 3 crude oil pipeline expansion blasted shares of Canadian oil-sands producers. The S&P/TSX Composite Index fell 0.2 percent to 16,038.13. Energy was a key laggard while materials and industrials rose. Hostile takeovers are never pretty, [...]

March 4, 2019 Daily Market Commentary   Canadian Headlines Canada’s already beaten-down oil industry is facing a fresh setback as regulatory issues bog down another key pipeline project. The roughly one-year delay to Enbridge Inc.’s expansion of its Line 3 conduit, announced last week, threatens to prolong a shortage of pipeline space that has made it difficult [...]

March 1, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks ended a four-day winning streak, trending lower with the U.S. market on global risks. The S&P/TSX Composite Index dropped 0.5 percent to 15,999.01. Materials, financials, and industrials lagged, while health-care and real estate advanced. The S&P/TSX Composite Materials Sector GICS Level 1 Index (STMATR) dropped for [...]

February 28th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks managed to eke out a small gain Wednesday, recovering from a 0.46 percent decline as U.S. market eased about two-thirds of a percent . The S&P/TSX Composite Index gained 0.04 percent to 16,074.30. Materials and health care (mainly marijuana) were the key laggards while information technology [...]

February 27th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks advanced for a third consecutive day led by marijuana stocks. U.S. stocks pushed lower in the final hour of trading to close in the red as investors struggled to put an optimistic spin on Federal Reserve Chairman Jerome Powell’s testimony before Congress. The S&P/TSX Composite Index [...]