toronto asset management

April 9th, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rallied late Monday to close positive, extending gains made all last week. The S&P/TSX Composite Index rose 0.07 percent to 16,407.29. Energy and materials gained while health care dropped. Canadian pot stocks retreated after Cowen cut revenue estimates on the expectation that first-quarter growth will [...]

April 8th, 2019 Daily Market Commentary   Canadian Headlines Justin Trudeau is trying to move on after the most bruising two months of his time in office -- but the damage may already be done. Resignations have been piling up for the Canadian prime minister amid a scandal over whether he and his staff pressured the [...]

April 5th, 2019 Daily Market Commentary   Canadian Headlines Canada is ratcheting up pressure on the U.S. to lift tariffs on steel and aluminum -- threatening to hold up the new continental trade deal and change up its own retaliatory tariffs to have a bigger impact. The U.S., Canada and Mexico signed their new trade [...]

April 4th, 2019 Daily Market Commentary   Canadian Headlines Canada’s bond market is churning out issues backed by increasingly riskier assets -- and yield-starved investors are lapping them up. Recent deals have included debt backed by a variety of assets including mortgages on Hudson’s Bay Co. stores, a junk-rated retailer; consumer loans charging interest rates of as [...]

April 3rd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks rebounded from an intraday decline, closing higher for a second day as the benchmark approaches a fresh record. The S&P/TSX Composite Index gained 0.2 percent to 16,263.87, about 300 points below its all-time closing high last July. Consumer staples led the way, rising 1 [...]

April 2nd, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks kicked off the second quarter on an upbeat note, gaining the most since mid-February amid a widespread global rally prompted by strong Chinese manufacturing data. The S&P/TSX Composite Index added 0.8 percent to 16,228.06, about 300 points from its record closing high. Consumer discretionary stocks [...]

April 1st, 2019 Daily Market Commentary   Canadian Headlines Pot stocks led Canada’s equity benchmark to its best first quarter since 2000, but strategists are questioning whether the rally has legs after gains slowed in March. The S&P/TSX Composite Index ended the quarter at 16,102.09, up 12 percent since the beginning of the year and just 3 [...]

March 29 2019 Daily Market Commentary   Canadian Headlines BlackBerry Ltd. beat analysts’ estimates for fourth-quarter earnings, boosted by an artificial intelligence acquisition and continued growth in software. Profit in the quarter ended Feb. 28 was 11 cents a share, on an adjusted basis, beating expectations of 6 cents. Sales also topped the average analyst estimate, [...]

March 28, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks dropped Wednesday as pot-sector weakness stole the spotlight. The S&P/TSX Composite Index fell 0.1 percent to 16,132.53. The Horizons Marijuana Life Sciences ETF fell 3.7 percent, most since February 6. Energy stocks also underperformed. Separately, Newmont Mining Corp. announced that Glass, Lewis & Co. has joined [...]

March 27, 2019 Daily Market Commentary   Canadian Headlines Canadian stocks gained after a two-day decline as oil rebounded along with equities as pessimism over the global growth outlook eased a little. The S&P/TSX Composite Index advanced almost 0.6 percent to 16,155.16 in Toronto, the most in a week. The industrials and energy sectors gained most, with [...]