Daily roundup of research and analysis from The Globe and Mail’s market strategist Scott Barlow
BMO bank analyst Sohrab Movahedi sees a good chance Canadian banks will outperform the benchmark in the second half of the year,
“In the first half of calendar 2024, the Canadian bank index has delivered a positive total return of ~0.5%, underperforming the S&P/TSX composite by ~5.5%. In our view, this slow start to the year is driven by continued investor caution around the macroeconomic environment and its implications for earnings recovery prospects for the Canadian banks given still elevated credit costs and sluggish loan growth.
“Given the heightened volatility in both Cu prices and the mining equities over the past month, we have revisited our implied Cu price analysis. We estimate that the large/mid-caps are currently implying an average Cu price of $5.38/lb, representing a relatively large 26% premium to spot . We believe this strong premium is being driven by increased investor appetite for Cu exposure and some M&A speculation.
Canada News Breaking News Video Canadian Breaking News Breaking News Globe And Mail Breaking News Globe And Mail Canada News Photos World News Local News National News Us News Foreign News Sports News Arts News Life News Lifestyle Canada Traffic Canada Weather Trudeau Government Federal Government Canada Sports Canada Sports News Politics Politics News Political News Political Opinion Environment Economy Technology Education Travel Canada Alberta Bc British Columbia Manitoba Ontario Quebec Nova Scotia Pei New Brunswick Newfoundland And Labrador Nunavut Northwest Territories Yukon Globe And Mail
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Headed to the Stratford Festival this year? Here's what you need to knowJuan Chioran as Brother Jeremiah in Something Rotten!, part of the 2024 Stratford Festival 2024.
Read more »
Terrace fire dept. down to no volunteers due to increased training requirementsThe volunteer count dropped from 10 in February 2024 to none in June 2024
Read more »
BMO Capital increases gold and silver forecasts, sees rally in the final months of 2024The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Read more »
Your daily horoscope: June 6, 2024Your daily horoscope today, Thursday, June 6 , 2024
Read more »
Your daily horoscope: June 5, 2024Your daily horoscope for today, Wednesday, June 5 , 2024
Read more »
Paraguay vs. Brazil | Jun 28, 2024 | Copa America USA 2024NHL news, NHL results, NHL standings, NHL scores, NHL teams, NHL schedule, NHL stats, NHL updates, NHL analysis, NHL highlights, NHL players, NHL events, NHL coverage, NHL articles, NHL season, NHL videos, NHL games, NHL live scores
Read more »