News

News and Events
*** I’m going to be updating News only with important information – hoping to promote long-term thinking ***
*I apologize for not updating this more regularly, i’ve been focusing on my job at the moment

10/24/2018

-The Bank of Canada raises their overnight rate to 1.75%

10/05/2018

-The economy added 63 300 jobs in September, vs estimates of a 25 000 increase

-Unemployment rate was 5.9% in September, matching estimates

10/01/2018

-We have a new NAFTA deal !!!

09/28/2018

-Canada’s GDP rose 0.2% in July (estimates of 0.1%)

09/20/2018

-Magna International to sell its fluid pressure and controls business to Hanon Systems, for $1.23 billion.

09/8/2018

-Enbridge to buy out Enbridge Income Fund Holdings for $4.7 billion

09/07/2018

-Canada lost 51 600 jobs in August vs. estimates of 5000 increase, unemployment rate at 6%

09/04/2018

-Savaria Completes the Acquisition of Garaventa Lift

08/28/2018

-Canada’s GDP rose 2.9% in Q2 vs. estimates of 3.1%

08/27/2018

-The U.S. and Mexico have come to an agreement on NAFTA, Canada waits

08/24/2018

-Enbridge to buy Spectra Energy Partners for $3.3 billion (USD)

08/22/2018

-Retail sales fell 0.2% in June to $50.7 billion

08/21/2018

-Consortium led by Air Canada to buy Aeroplan for $450 million

08/17/2018

-Canadian inflation rose 3% in July, highest since 2011

08/15/2018

-Constellation Brands to invest $5 billion in Canopy Growth “to Establish Transformative Global Position and Alignment”.

08/10/2018

-Canada added 54 100 jobs in July vs. estimates of 17 000 increase

08/08/2018

Top Pick Spin Master announces a $180 million secondary offering (Link)

08/01/2018

-Brookfield Infrastructure to buy Enercare for $29 per share, totalling $4.3 billion

07/31/2018

-Canadian GDP rose 0.5% in May

07/25/2018

-Air Canada, CIBC, TD and Visa offer to buy Aeroplan for $2.25 billion

07/11/2018

-The Bank of Canada has increased their overnight rate to 1.5%

-All Big 5 Banks have subsequently increased their prime rate to 3.7%

07/10/2018

-Savaria to buy Garaventa Lift for $98 million (TSE: SIS)

07/06/2018

-Canada added 31 800 jobs in June vs. estimates of an increase of 20 000 jobs

06/29/2018

-Canada GDP grew 2.5% year-over-year in April, matching estimates

-GDP grew 0.1% month-over-month in April, estimates of no change

06/28/2018

-Magna to buy Italian automotive light maker OLSA for $345 million

06/23/2018

-Congratulations to everyone who wrote the CFA exam!

06/20/2018

-Cannabis to become legal October 17

06/08/2018

-The Senate has passed Bill C-45, the government’s recreational cannabis bill

-Canadian economy lost 7 500 jobs in May vs. estimates of 23 500 increase, wage growth 3.9%

05/31/2018

-Canadian economy great at 1.3% annualized pace in Q1 vs. estimates of 1.8%

05/29/2018

-Canada to buy Trans Mountain Pipeline from Kinder Morgan for $4.5 billion

05/18/2018

-Retail sales up 0.8% in March

-Annual inflation came in at 2.2% for April

05/17/2018

-Enbridge offers $11.4 billion in stock for it’s 4 affiliates/subsidiaries

05/16/2018

-Trudeau to visit the USA to push for trade, NAFTA

05/15/2018

-H&R REIT to sell retail properties for $810 million

05/14/2018

-Aurora Cannabis to buy MedReleaf for $3.2 billion

05/11/2018

-Canadian economy lost 1 100 jobs in April vs. estimates of a 20 000 increase

05/10/2018

-Canadian Tire to buy Helly Hansen for $985 million

05/09/2018

-Enbridge is selling some of their renewable assets to CPPIB for $1.75 billion

05/08/2018

-Valeant to change their name to Bausch Health

05/07/2018

-NAFTA partners to resume talks in Washington

05/04/2018

-Federal government confirm a plan to intervene in B.C.’s Trans Mountain court case

05/03/2018

-Canada’s trade deficit widened to $4.14 billion

05/02/2018

-CN Rail to purchase 250 new lumber cars from Hamilton manufacturer

05/01/2018

-Canada’s GDP rose 0.4% month/over/month in February vs. estimates of 0.3% rise

-Canada’s GDP rose 3.0% year/over/year in February vs. estimates of 2.8% rise

04/30/2018

-TD Bank to join Canadian Cybersecurity Institute (TSE: TD)

04/27/2018

-TD increases their 5-year fixed mortgage rates 45 basis points to 5.59% (TSE: TD)

04/26/2018

-The union that represent’s WestJet’s pilots calls for a strike

04/25/2018

Top pick Spin Master (TSE: TOY) files a patent suit against Mattel

04/24/2018

-Mitel to be bought for $2 billion by Searchlight Capital (TSE: MNW)

04/23/2018

-Wholesale sales fell 0.8% in February (StatsCan)

04/20/2018

-Canadian inflation rose 2.3% year-over-year in March vs. estimates of 2.4%

-Canadian retail sales rose 0.4% in March

04/19/2018

-NAFTA’s 3 negotiators to meet in Washington amid a push for a deal

04/18/2018

-Bank of Canada holds overnight rate at 1.25%

04/17/2018

-IMF cuts Canada’s 2018 GDP growth rate to 2.1% from 2.3%

-Canada’s manufacturing sales rose 1.9% to $55.8 billion in February

04/16/2018

-Vermilion Energy is buying Spartan Energy for $1.23 billion

04/13/2018

-The US are looking at re-entering the TPP

04/12/2018

-TMX Group sells their stake in fixed income index business

04/11/2018

-Alberta prepared to buy Trans Mountain pipeline outright

04/10/2018

-Mexico: 80% chance a new NAFTA is agreed upon

04/09/2018

-Rachel Notley: Alberta would take a stake in Trans Mountain to keep the pipeline alive

04/06/2018

-Canada added 32 300 jobs in March vs. estimates of 20 000 increase, unemployment rate at 5.8%

04/05/2018

-Canada’s February trade deficit increases to $2.69 billion

04/04/2018

-Toronto home sales fell 40% year-over-year in March

04/03/2018

-The US are pushing for a preliminary NAFTA deal by mid April

04/02/2018

-Transcontinental to buy Coveris Americas packaging business for $1.32 billion USD (TSE: TCL.a)

03/29/2018

-Canada GDP rose 2.7% year-over-year in January vs. estimates of 2.9% rise

-Canada GDP fell 0.1% month-over-month in January vs. estimates of 0.1% rise

03/28/2018

-Aecon extends deadline to complete CCCI deal as review continues

03/27/2018

-Brookfield Property Partners to buy GGP Inc. (TSE: BPY.UN)

03/26/2018

-Stocks rebound as US-China trade talks cool trade war fears

03/23/2018

-Annual inflation rate accelerated to 2.2%, beyond BoC’s target (List of inflation by province and territory)

-Retail sales fell by 0.3% in January

03/22/2018

-BlackBerry and Land Rover announce partnership for vehicles (TSE: BB)

03/21/2018

-Finance minister Morneau to consider taxing US tech giants

-US has dropped contentious demands that autos include 50% US content: Globe and Mail

03/20/2018

-Canada’s wholesale trade rises 0.1% in January

-Blackberry announces a partnership with Microsoft for enterprise security (TSE: BB)

03/19/2018

-Canada’s sees the US ready to accept NAFTA compromise (LINK)

03/16/2018

-Stats Canada: manufacturing sales fell 1% in January

03/15/2018

-BMO blocks cryptocurrency purchases using their credit and debit cards (TSE: BMO)

-Statistics Canada reports household debt-to-income falls

-CREA: Canadian home sales fell 6.5% in February

03/14/2018

-Magna International partners with Lyft on autonomous vehicles, to invest $200 million in Lyft (Link, TSE: MG)

-Canadian home prices fall 0.1% in February from January

03/13/2018

-Paris based OECD raises their estimates for Canada’s GDP growth to 2.2% this year

03/12/2018

-Doug Ford named new leader of Ontario’s PC party

03/09/2018

-Canada added 15 400 jobs in February vs. estimates of an increase of 21 000

03/08/2018

-Gregg Saretsky, CEO of WestJet is retiring today (TSE: WJA)

03/07/2018

-Canada’s trade deficit narrows to $1.9 billion in January

-Bank of Canada holds overnight rate at 1.25%

03/06/2018

-Toronto home sales fell 35% y/y in February

-Bombardier raising $638 million in share offering (TSE: BBD.b)

03/05/2018

-CN Rail CEO Luc Jobin is leaving the company (TSE: CNR)

-Shopify names Amy Shapero CFO (TSE: SHOP)

03/02/2018

-Canada GDP increased 1.7% in Q4 vs. estimates of 2.0%

-Canada GDP up 0.1% month-over-month in December

03/01/2018

-Canada’s current account deficit shrinks to $16.3 billion in the fourth quarter

02/28/2018

-2018 Federal budget is released, 6 things to know via BNN

02/27/2018

-Shoppers Drug Mart sign marijuana supply deal with Aurora Cannabis

02/26/2018

-TD stops cryptocurrency purchases using their credit cards

02/23/2018

-January inflation came in at an annualised pace of 1.7% vs. estimates of 1.5%

02/22/2018

-Canada retail sales fell 0.8% in December

02/21/2018

-B.C. hikes foreign buyers tax to 20%

02/20/2018

-Trudeau announces $750 million in investments with India

02/16/2018

-Magna International feeling more positive on NAFTA talk, via Bloomberg

-Canopy Growth among 4 firms selected to run marijuana shops in Manitoba (TSE: WEED)

02/15/2018

-Choice Properties to buy Canadian REIT for $3.9 billion (TSE: REF.UN)

02/14/2018

-Morneau to deliver Federal budget Feb 27

02/13/2018

-Canada to review Aecon sale to Chinese firm on national security concerns (TSE: ARE)

02/12/2018

-LCBO chooses Shopify to run online marijuana sales (TSE: SHOP)

-Scotiabank to buy investment firm Jarislowsky Fraser for $950 million (TSE: BNS)

-Suncor buys out Mocal Energy’s 5% stake in Syncrude for $920 million (TSE: SU)

02/09/2018

-Canada lost 88 000 jobs in January, unemployment rate up to 5.9%

02/08/2018

-First Canadian blockchain ETF launches (TSE: HBLK)

02/07/2018

-Barrick Gold to take $429 million (USD) charge at stalled gold project (TSE: ABX)

02/06/2018

-Canada’s trade deficit widens to $3.2 billion in December

-Toronto home sales fall 22% in January

02/05/2018

-Aurora Cannabis buys a stake in Liquor Stores North America for $103 million (TSE: ACB)

02/02/2018

-Motorola to buy Avigilon for $1.2 billion in cash or $27 per share (TSE: AVO)

02/01/2018

-The TSX posts a loss of 1.6% through the month of January

-Methanex increases their dividend 10% (TSE: MX)

-Exco Technologies increases their dividend 6% (TSE: XTC)

01/31/2018

-GDP rose 3.5% year-over-year in November vs. estimates of 3.4% rise

-GDP rose 0.4% month-over-month in November, matching estimates

01/30/2018

-Metro Inc raises their dividend 10.8% to $0.18 per share (TSE: MRU)

-Thomson Reuters in talks with Blackstone regarding potential partnership (TSE: TRI)

01/29/2018

-Aphria to buy Nuuvera for $826 million to expand into Europe, Africa and Middle East (TSE: APH)

01/26/2018

-December inflation up 1.9% from a year ago, StatsCan

01/25/2018

-November retail sales up 0.2%, StatsCan

01/24/2018

-Aurora cannabis initiate friendly takeover of CanniMed Therapeutics, worth $1.1 billion (TSE: ACB)

01/23/2018

-Bell Media partners with Lionsgate to bring Starz to Canada (TSE: BCE)

-Cara Operations to merge with Keg Restaurants Ltd. (TSE: CARA)

-Toyota selects Kinaxis to manage automotive demand and supply (TSE: KXS)

01/22/2018

-IMF raises Canadian growth in 2018 to 2.3%  from 2.1%

01/19/2018

-Canadian manufacturing sales rose 3.4% in November (StatsCan)

01/18/2018

-Big 5 banks increase prime lending rate to 3.45%

01/17/2018

-The Bank of Canada has raised its key overnight lending rate to 1.25%

01/16/2018

Magna warns of near-term margin pressure amid investments in technology, expects to earn $2.3 billion to $2.5 billion this year

-Magna projects revenue to be between $39.3 billion and $41.5 billion

-Magna’s sales are expected to grow to $42.7 billion to $45.7 billion in 2020.

01/15/2018

-Aphria to buy Broken Coast Cannabis for $230 million in stock and cash (TSE: APH)

01/12/2018

-Canadian utilities raises its dividend by 10%, marks 46 years of dividend increases (TSE: CU)

-Sun Life Financial expects a $200 million charge due to US tax reform (TSE: SLF)

01/11/2018

-Aritzia sees continued e-commerce growth, reports Q3 2018 (TSE: ATZ)

01/10/2018

-Canada takes U.S. to WTO with trade complaint of nearly 200 violations

01/09/2018

-Blackstone to acquire Pure Industrial REIT for $3.8 billion, including debt (TSE: AAR.UN)

01/08/2018

-Saskatchewan to sell recreational marijuana through private retailers

-Saskatchewan Liquor and Gaming Authority to regulate recreational marijuana industry

-Bank of Canada sees capacity and labour pressure as being “more apparent”

-Bank of Canada sees broad-based plans by firms to increase investment

-Bank of Canada says wage pressures picking up on minimum wage increases

-Bank of Canada’s Business Outlook Survey gauge rebounds to near peak level

01/05/2018

-Canada added 78 600 jobs in December vs. estimates of 1 000

-Canada unemployment rate in December 5.7% vs. estimates of 6.0%

01/04/2018

-Greater Toronto Home Sales fell 7.1% Y/Y in December

-Average Greater Toronto condo price rose 14.4% Y/Y in December

-Brookfield Business Partners to buy Westinghouse for $4.6 billion (TSE: BBU.UN)

01/03/2018

-BlackBerry selected to work with Baidu’s Apollo program for driverless vehicles (TSE: BB)

12/22/2017

-Canada October GDP rose 3.4% year-over-year vs. estimates of 3.5% rise

-Canada October GDP unchanged month-over-month vs. estimates of 0.2% rise

12/21/2017

-Canadian retail sales up 1.5% in October

12/19/2017

-Aecon shareholders approve takeover (TSE: ARE)

12/18/2017

-Cominar REIT sells 97 non-core properties to Slate Acquisitions for $1.14 billion (TSE: CUF.UN)

12/15/2017

-Linamar reaches $1.2 billion deal to bu agriculture manufacturer MacDon (TSE: LNR)

12/11/2017

-TFI International raises dividend 10.5% (TSE: TFII)

12/07/2017

-Blackberry, Qualcomm to expand collaboration in connected-car technology (TSE: BB)

12/06/2017

-Bank of Canada leaves key benchmark interest rate unchanged at 1.0%

-Kinder Morgan Canada announces $200 million stock offering (TSE: KML)

12/05/2017

-Bank of Montreal raises dividend 3.3% (TSE: BMO)

-Roots jumps 5%+ after announcing positive earnings (TSE: ROOT)

12/04/2017

-Aphria enters into supplier agreement with Shoppers Drug Mart (TSE: APH, TSE: L)

12/01/2017

-National Bank increases dividend 3.4% (TSE: NA)

-Canadian economy added 79 500 jobs in November vs. estimates of 10 000 increase

-Canadian GDP up 0.2% month-over-month vs. estimates of 0.1% rise

-Canadian Q3 GDP up 1.7% vs. estimates of 1.6%

11/30/2017

-Enbridge increases dividend 10%, plans to sell $3 billion in assets (TSE: ENB)

11/29/2017

-Jean Coutu shareholders approve sale to Metro (TSE: PJC, TSE: MRU)

11/28/2017

-RioCan sell 7 properties to CT REIT for $200 million (TSE: REI, TSE: CRT.UN)

-Bank of Canada: Financial system remains resilient, 5 key takeaways

11/24/2017

-Sobeys to cut 800 corporate jobs (TSE: EMP.a)

11/23/2017

-Canadian retail sales up 0.1% in September

11/22/2017

-Ontario passes legislation paving the way for $15 minimum wage in 2019

11/21/2017

-Royal Bank of Canada has joined the group of too big to fail (TSE: RY)

-StatsCan says wholesale sales fell 1.2% in September

11/20/2017

-Keystone pipeline leaks 210 000 gallons of oil in South Dakota (TSE: TRP)

-Keystone XL has been approved (TSE: TRP)

11/17/2017

-Annual CPI (inflation) up 1.4% in October as expected

-Teck outlines plan to spend nearly $500 million on dividends, stock buybacks (TSE: TECK.b)

11/16/2017

-Manufacturing sales up 0.5% of $53.7 billion in September, according to StatsCan.

11/15/2017

-Algonquin Power and Utilities raises dividend 7% (TSE: AQN, Earnings Report)

-CREA reports October home sales in Canada up 0.9% from September

11/14/2017

-Ontario cuts small business tax rate to 3.5%

11/13/2017

-Brookfield Property Partners bids $23 for GGP (TSE: BPY)

-Whitecap Resources buying stake in Cenovus Energy’s Weyburn operations for $940 million (TSE: CVE, TSE: WCP)

11/10/2017

-Ottawa proposes $1/gram tax on cannabis, plus HST

11/09/2017

-Canadian Tire boosts dividend 38% (TSE: CTC.a)

-Telus raises it’s dividend by 2.5% (TSE: T)

11/07/2017

-BCE Inc. buying AlarmForce for $166 million (Earnings Report, TSE: BCE)

-Centerra Gold to buy AuRico Metals for $310 million (TSE: CG)

11/06/2017

-Montreal home prices rise 7% in October

-Valeant Pharmaceuticals signs a deal to sell Sprout Pharmaceuticals subsidiary (TSE: VRX)

11/03/2017

-Canada added 35 300 jobs in October vs. estimates of 15 000

-Canada unemployment rises 0.1% to 6.3% in October

-RioCan REIT’s occupancy rose to 96.8% in Q3 (TSE: REI)

11/02/2017

-Toronto home sales fall 26.7% in October

-Algonquin Power expanding in new deal with Spanish firm Abengoa (TSE: AQN)

11/01/2017

-HBC has confirmed it received an unsolicited offer for Kaufhof from Signa (TSE: HBC)

10/31/2017

-GDP contracted 0.1% in August (month-to-month)

10/30/2017

-Teslus to acquire Xavient Information Systems for $250 million (TSE: T)

-Constellation Brands buys 9.9% stake in Canopy Growth for $245 million (TSE: WEED, NYSE: STZ)

-Alex Pourbaix named new Cenovus Energy CEO (TSE: CVE)

10/27/2017

-Saputo reaches deal to acquire Australian dairy firm for $1.29 billion (TSE: SAP)

-TMX Group to acquire Trayport Holdings from ICE worth $931 million

10/26/2017

-Aecon group to be acquired by China’s CCCC International Holdings for $1.4 Billion (TSE: ARE)

-Restaurant Brands International increases dividend by 5% (TSE: QSR)

-Canada’s housing market remains ‘highly vulnerable’: CMHC

10/25/2017

-Bank of Canada leaves interest rate unchanged at 1% (6 things to know)

-TransCanada selling Ontario solar business for $540 million (TSE: TRP)

-Roots Canada shares begin trading on the TSX below $12 IPO price (TSE: ROOT)

-Agnico Eagle Mines raises dividend 10% (TSE: AEM)

-Waste Connections raises dividend by 16.7% (TSE: WCN)

10/24/2017

-Canada projects GDP growth of 3.1% in 2017, 2.1% in 2018, provides fall economic update (BNN for more details)

-HBC to sell Lord & Taylor Fifth Avenue building to WeWork for US $850 million (TSE: HBC)

10/23/2017

-Canada August wholesale trade up by 0.5% on goods, autos

10/20/2017

-Annual inflation rises to 1.6% in September on gasoline and food costs (StatsCan)

-The Canadian dollar fell with disappointing data (retail sales -0.7% m/m, core CPI +0.2% m/m)

-Concordia International files for debt restructuring, falls 30%+ (TSE: CXR)

10/19/2017

-Altagas boosts dividend by 4.3% (TSE: ALA)

-Cenovus to sell Palliser assets to Torxen & Schlumberger for $1.3 Billion, will pay down debt (TSE: CVE)

10/18/2017

-Factory sales grew by 1.6 per cent in August from July as sales increased in motor vehicles, and petroleum and coal, Statistics Canada said.

-Magna forms E-Powertrain joint venture in China (TSE: MG).

-CP Rail rallies follow earnings beat and improved guidance (TSE: CP)

10/17/2017

-Airbus takes control of C-Series from Bombardier (TSE: BBD.B)

-Roots prices IPO below target range at $12/share

10/16/2017

-BMO says $6/item is current price ceiling for Dollarama customers (TSE: DOL)

-Trudeau to cut small business tax to 9%, unveil tax plan changes

-Magna falls 2% after Goldman cuts to sell (TSE: MG)

-Fortis raises its dividend 6.25% for the 44th year in a row, provides 5-year outlook (TSE: FTS)

10/12/2017

-Jean Coutu (TSE: PJC) profit falls, revenue rises as Metro (TSE: MRU) takeover nears

-Metro is selling the majority of their Alimentation Couche-Tard holdings, more detail on BNN

10/10/2017

-IMF hikes Canada’s growth forecast to lead G7 this year at 3%

-IMF expects year-over-year growth rate will slow to 2.1% in 2018

10/06/2017

-Canada added 10 000 jobs in September vs estimates of 14 500 jobs gained

-Canada gains jobs for 10th month in a row with boost in full-time workers

10/05/2017

-TransCanada terminates plans for Energy East pipeline

-Canada August trade deficit unexpectedly widens as exports drop

10/04/2017

-Toronto September homes sales -35.1% year/year, home prices +2.6% year/year

10/02/2017

-RioCan REIT (TSE: REI.UN) plans to sell 100 properties worth $2 billion by 2020.

-Metro (TSE: MRU) has acquired The Jean Coutu Group (TSE: PJC) for $4.5 billion.

9/29/2017

-Canadian GDP little changed month-over-month vs estimates of 0.1% rise.

-July GDP 3.8% year-over-year vs estimates of 3.9% rise.

-GDP slump due to slowing oil and automobile production, and lagging housing market curbed construction and banking.