Daily News

Source: Financialpost August 20, 2023

Mounting union wage demands risk impeding Bank of Canada's inflation fight

Unionized workers pushed average yearly wage settlement up to 2.9% Wages negotiated by union workers in Canada are creeping higher, complicating the central bank’s bid to restore price stability. We apologize, but this vide...

Source: BNN Bloomberg August 19, 2023

S&P 500 drops below key level in late-day slide

The drop in U.S. stocks deepened in the final hour of Tuesday trading amid signs the Federal Reserve’s fight with inflation was not yet done. Shorter-dated U.S. bonds gained as investors bought the dip. The S&P 500 Index’s 1.2 per cent drop sent the equiti...

Source: BNN Bloomberg August 19, 2023

Consumer brands that have staying power: Analyst

Consumers are stretched thin when it comes to spending their money amid high inflation, but some brands will have lasting staying power, according to one analyst.  Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, Jaime Katz, senior equity analyst at...

Market Call Source: BNN Bloomberg August 19, 2023

Kim Bolton's Top Picks: August 15, 2023

Kim Bolton, president and portfolio manager, Black Swan Dexteritas FOCUS: Technology Stocks  MARKET OUTLOOK: For July, the S&P 500 Index gained about three per cent, the Nasdaq Composite added about four per cent and our BSD Global Tech Hedge Fund...

Source: BNN Bloomberg August 19, 2023

Ontario Teachers’ makes bond bet as economic clouds gather

Ontario Teachers’ Pension Plan is making a bigger bet on bonds and credit and is adding leverage to pay for it. The pension fund, one of Canada’s largest institutional investors, earned a 1.9 per cent investment return in the first half as its fixed income...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index finishes 1.93% lower amid broad-based losses

Canada's main stock index fell almost 400 points, or nearly two per cent, Tuesday on broad-based weakness, while U.S. markets also fell, with the three major indexes south of the border each losing more than one per cent. The S&P/TSX Composite Index closed...

Source: BNN Bloomberg August 19, 2023

U.S. stocks, bonds fall as rate hikes left on the table

Pressure on U.S. equities and Treasuries ramped up in the final minutes of Wednesday’s session as traders digested hawkish comments from Federal Reserve officials at their last meeting. The S&P 500 dropped 0.8 per cent, slumping for the second day in a row...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index closes flat amid strength in energy

Strength in the energy sector helped buoy Canada's main stock index to a flat close on Wednesday while U.S. markets moved lower.  The S&P/TSX Composite Index closed down less than one point at 19,899.07. In New York, the Dow Jones Industrial Average was...

Source: BNN Bloomberg August 19, 2023

Why investors should consider selling their telecom stocks: Analyst

The telecommunications sector has lagged significantly behind the broader market and investors might want to consider selling some of these stocks in their portfolios, one analyst is warning. Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Keith S...

Source: BNN Bloomberg August 19, 2023

John Ruffolo: AI hype is calming down for now

One of Canada’s top venture capitalists believes the hype surrounding artificial intelligence is calming down, but a few factors could have it ramping back up soon. John Ruffolo, founder and managing partner of Maverix Private Equity, told BNN Bloomberg th...