MacNicol

September 3rd, 2019 Daily Market Commentary Canadian Headlines After enduring a bumpy ride in August, investors in Canadian stocks need to brace for more volatility in September, typically the worst month of the year for equities. In the past 10 years, the S&P/TSX Composite Index has dropped an average 1.5% in September, as the end [...]

August 30th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose for a fourth day, the longest advance in almost two months, as markets rallied on optimism that the U.S. and China may avoid the worst threats to their hundreds of billions in annual trade. The S&P/TSX Composite Index climbed 0.7% on Thursday in Toronto to 16,384.49. [...]

August 29th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose for a third straight session, highlighted by a strong rally for energy after oil inventory data. The S&P/TSX Composite Index climbed 0.5% to 16,271.65. Energy led the way, while health care also rose after a weak session Tuesday for marijuana stocks. Information technology and industrials [...]

August 28th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose for a second day as gold and silver prices soared amid trade and recession fears. Oil also jumped by more than $1 per barrel. The S&P/TSX Composite Index climbed 0.5% to 16,183.59. Materials and information technology outperformed while cannabis shares lagged. The Horizons Marijuana Life Sciences ETF (HMMJ CN) [...]

August 27th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks closed higher, following U.S. shares up after optimistic remarks from French and U.S. leaders about developments in the Sino-American trade war. The S&P/TSX Composite Index climbed 0.4% to 16,098.79. Shopify Inc. advanced 3.1%, leading information technology stocks higher. Consumer discretionary and staples also rose. On the commodities [...]

August 26th, 2019 Daily Market Commentary Canadian Headlines President Donald Trump’s twitter tirade upended markets globally Friday with the S&P/TSX Composite Index down 1.3%, for a second weekly decline. The slide in Canadian stocks wasn’t as painful as the plunge in their U.S. counterparts -- the Nasdaq was down 3% -- thanks to the heavy weighting of gold miners [...]

August 23rd, 2019 Daily Market Commentary Canadian Headlines Canada’s equity benchmark retreated as pot stocks continued a several monthlong slide and lower crude prices weighed on energy shares. The S&P/TSX Composite Index lost 0.3% to 16,253.46. Eight of 11 sectors fell, with the health-care index leading the decline as pot stocks fell for a third [...]

August 22nd, 2019 Daily Market Commentary Canadian Headlines Canada’s equities benchmark gained, propelled by financial stocks, despite an earnings miss by Canada’s largest bank. The S&P/TSX Composite Index gained 0.6% to 16,309.23. Energy stocks rose 1% after the oil-rich province of Alberta extended its output cuts by a year to December 2020, a move that could help [...]

August 21st, 2019 Daily Market Commentary Canadian Headlines Pembina Pipeline Corp. agreed to buy Kinder Morgan Inc.’s Canadian unit and the U.S. portion of the Cochin Pipeline system for about C$4.35 billion ($3.3 billion). The two deals with Kinder Morgan will give Pembina additional storage and shipping assets across Canada, connected to both conventional and oil-sands regions [...]

August 20th, 2019 Daily Market Commentary Canadian Headlines Enbridge Inc. is forging ahead on plans to shift to long-term contracts on its Mainline crude pipeline network, even as criticism of the revamp mounts. The company won’t delay the Oct. 2 deadline for producers to seek pipeline space because it needs the commitments to get regulatory approval [...]