MacNicol

March 26, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks extended Friday’s decline, while U.S. stockslost ground too as traders remained on edge after benchmark Treasury yields briefly dropped below 2.4 percent for the first time since December 2017. The S&P/TSX Composite Index fell 0.2 percent to 16,066. Energy stocks lagged while consumer staples and [...]

March 25, 2019 Daily Market Commentary   Canadian Headlines TransAlta Corp. is nearing an agreement that would see Brookfield Asset Management Inc. invest about C$750 million ($559 million) in the power producer and nominate two directors to its board, according to people familiar with the matter. Brookfield could also use the investment to increase its stake in the [...]

March 22, 2019 Daily Market Commentary   Canadian Headlines Quebec plans to balance its budget for a fifth straight year following a record surplus, enabling new Premier Francois Legault to give tax breaks to families, home owners and older workers. Canada’s second-most populous province benefited from a surge in tax revenue and lower borrowing costs that led [...]

March 21, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks pared mid-day Fed related gains and closed Wednesday’s session slightly down, along with U.S. stocks. Energy and materials were the best performing sectors, while consumer discretionary was the worst. The S&P/TSX Composite Index fell 0.1 percent to 16,167.56. Westshore Terminals was the best performing stock, while [...]

March 20, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gave back earlier gains, even as Marijuana stocks continued their rally with Tilray Inc. beating sales estimates. Canada forecast 2019-2020 budget deficit of C$19.8 billion, however, Loonie hasn’t reacted to the news, and it likely won’t move the needle for Bank of Canada. The S&P/TSX Composite Index [...]

March 18, 2019 Daily Market Commentary   Canadian Headlines Prime Minister Justin Trudeau delivers his fourth and final budget this week before Canada’s next election. The fiscal plan, to be unveiled Tuesday in the Ottawa legislature by Finance Minister Bill Morneau, comes with the economy in a soft patch, concerns building over the country’s competitiveness and the Liberal [...]

March 15, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks fell after a three-day rally, as U.S. stocks retreated amid concern a trade deal with China will be further delayed. The S&P/TSX Composite Index declined 0.3 percent to 16,107 after the benchmark had climbed to the highest intraday since Oct. 1 on Wednesday. Most sectors [...]

March 14, 2019 Daily Market Commentary   Canadian Headlines   Bruce Flatt put Wall Street’s biggest private equity players on notice that the Canadian juggernaut was coming for them three years ago. The head of Brookfield Asset Management Inc. told Bloomberg Television then that his firm -- pushing into private equity -- should be mentioned in the same breath as Blackstone [...]

March 13, 2019 Daily Market Commentary   Canadian Headlines Canada is signaling it won’t rush to ground Boeing Co.’s 737 Max, awaiting an investigation into a second fatal crash even as 40 other nations temporarily take the airliner out of service. Transport Minister Marc Garneau, in a statement to fellow Liberal Party lawmakers Tuesday evening, said it was [...]