MacNicol

June 6th, 2019 Daily Market Commentary Canadian Headlines If push comes to shove, one of the world’s largest gold miners is prepared to do an end run around the U.S. should President Donald Trump’s threatened tariffs on Mexican goods bite. Agnico Eagle Mines Ltd. currently produces about 300,000 ounces of gold in Mexico that it refines in [...]

June 5th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks rose after falling for five days, rebounding after Monday’s sell-off for some of the largest technology companies. The S&P/TSX Composite Index climbed 0.9% to 16,166.24. Health care stocks -- led by cannabis companies -- gained more than any other industry group, rising more than 5%. [...]

June 4th, 2019 Daily Market Commentary Canadian Headlines Canadian stocks fell for a fifth day, reaching their lowest point since March as oil prices approached a bear market. The S&P/TSX Composite Index slipped 0.1% to close at 16,015.89. Energy stocks lost 2% along with falling West Texas Intermediate crude, even as Alberta oil prices rose the most since [...]

June 3rd, 2019 Daily Market Commentary Canadian Headlines Canada will immediately pull its diplomats from Venezuela and close one of the few embassies still weathering the unsettled challenge to the nation’s autocratic president, Nicolas Maduro. Chrystia Freeland, Canada’s minister of foreign affairs, released a statement saying the Maduro government refused to extend the visas of embassy [...]

May 31st, 2019 Daily Market Commentary Canadian Headlines Canadian stocks dropped Thursday despite climbing in early trading, while U.S. stocks rebounded from a slump that took them to a 12-week low. The S&P/TSX Composite Index dropped 0.3 percent to 16,089. Health care and energy shares led the decliners, while information technology and materials rose. Bank of Canada [...]

May 30th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian Natural Resources Ltd. can’t yet claim the “King of the Oil Sands” status, but it’s a lot closer to overtaking its rival Suncor Energy Inc. after buying a key Athabasca drilling site. The company’s $2.8 billion purchase of Devon Energy Corp.’s Jackfish brings Canadian Natural’s oil-sands production capacity [...]

May 29th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian stocks dropped Tuesday after two days of gains as the U.S. market resumed trading following the Memorial Day holiday. The S&P/TSX Composite Index fell 0.3% to 16,297.46 in Toronto. Real estate, health care, and industrial stocks paced the decline. Traders are bracing for the rate decision Wednesday, [...]

May 28th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian stocks closed higher to start the week amid holidays in the U.S. and the U.K. Crude rebounded as supply risks helped offset trade war concerns. The S&P/TSX Composite Index added 0.7% to 16,346.66. Health care led all 11 sectors higher. Events on tap for investors this week [...]

May 27th, 2019 Daily Market Commentary NEWS Canadian Headlines As the Bank of Canada meets this week amid trade-war chaos, a big unanswered question will loom over the gathering: Who’s right about the nation’s economic prospects, gloomy traders or optimistic policy makers? Markets are worried that Canada is deeply exposed to the U.S.-China trade spat. The Canadian [...]

May 24th, 2019 Daily Market Commentary NEWS Canadian Headlines Canadian equities posted their biggest drop this year, with energy and pot stocks leading the decline. The S&P/TSX Composite Index lost 1% to 16,164.61, the biggest drop since Christmas Eve, amid a global slump. Investors are increasingly worried that the U.S.-China trade war is settling in [...]