Stocks Extending Yesterday’s Late-Day Rally – U.S. Commentary

Stocks Extending Yesterday’s Late-Day Rally – U.S. Commentary
Extending the strong upward move seen going into the close of the previous session, stocks have moved sharply higher in morning trading on Wednesday. The major averages are climbing further off the multi-month closing lows set on Monday. Currently, the major averages are just off their highs of the session. The Dow is up 368.74 points or 1.5 percent at... Read More

Stocks Fluctuate But Remain Mostly Positive – U.S. Commentary

Stocks Fluctuate But Remain Mostly Positive – U.S. Commentary
Stocks have fluctuated over the course of the trading day on Tuesday but have largely maintained a positive bias. The major averages are firmly in positive territory in mid-day trading after turning lower in the previous session. Currently, the major averages are posting notable gains. The Dow is up 201.12 points or 0.8 percent at 24,644.04, the Nasdaq is up... Read More

Stocks Extend See-Saw Performance With Sharp Pullback – U.S. Commentary

Stocks Extend See-Saw Performance With Sharp Pullback – U.S. Commentary
Following the substantial rebound seen in the previous session, stocks extended their recent see-saw performance with a sharp pullback during trading on Friday. The major averages regained some ground after an early sell-off but still ended the day significantly lower. The Dow slumped 296.24 points or 1.2 percent to 24,688.31, the Nasdaq plummeted 151.12 points or 2.1 percent to 7,167.21... Read More

TSX Plunges Sharply As Stocks Fall After Rate Hike

TSX  Plunges Sharply As Stocks Fall After Rate Hike
Canadian shares tanked on Wednesday after the country’s central bank increased interest rate and warned that an escalation in trade war could hurt global economic growth. A sell-off on Wall Street and weakness in European markets amid mounting worries about geopolitical concerns, trade war impact on global economic growth, Italy’s budgetary woes and weak earnings from some top notch companies,... Read More

Cannabis company MedMen to sell ‘significant portion’ of real estate assets to Treehouse

Cannabis company MedMen to sell ‘significant portion’ of real estate assets to Treehouse
MedMen Enterprises Inc. MMNFF, -0.87% announced Thursday a deal to sell a “significant portion” of its real estate assets to Treehouse Real Estate Investment Trust, with the initial deal expected to generate about $12.5 million in proceeds after the repayment of debt. Additional properties are expected to be sold to Treehouse over the next 12 months. The properties sold to... Read More

Energy, IT Stocks Drag TSX Lower

Energy, IT Stocks Drag TSX Lower
The Canadian stock market ended modestly lower on Wednesday, after trading in negative territory right through the session, weighed down by lower commodity prices and largely sluggish U.S. and European markets. Information technology, energy and healthcare stocks were among the prominent losers. Industrial and materials stocks too were mostly weak. Financial stocks found modest support, while consumer discretionary and real... Read More