Daily News

Market Call Source: BNN Bloomberg April 29, 2023

Darren Sissons' Top Picks: April 28

Darren Sissons, partner and portfolio manager, Campbell, Lee & Ross FOCUS: Global and technology stocks  MARKET OUTLOOK:  Surprisingly, 2023 has been a strong performance year with many mandates now at or through all-time highs. Unfortunately, the...

Source: BNN Bloomberg April 29, 2023

The Week Ahead: Inflation data due; earnings from Netflix

Monday, April 17 Notable data: Wholesale Trade, International Securities Transactions, New Motor Vehicle Sales, Empire State Manufacturing Survey, NAHB Housing Index, Foreign Purchases of U.S. Securities Notable earnings: Parkland Corp., Charles Schwa...

Source: BNN Bloomberg April 29, 2023

Strong earnings lift U.S. stocks as bank concerns loom

U.S. equities extended a rally Friday as investors wrestled with strong corporate earnings against concerns about regional banks and inflation. Treasuries rose. The S&P 500 gained 0.8 per cent after better-than-expected earnings from the likes of Exxon Mob...

Source: BNN Bloomberg April 29, 2023

TSX recap: Index finishes 0.55% higher amid gains in energy stocks

Canada's main stock index gained more than 100 points Friday on strength in the energy sector, while U.S. indexes also rose to cap off a volatile week in North American markets.  The S&P/TSX Composite Index was up 113.90 points, or 0.55 per cent, at 20,636...

Source: BNN Bloomberg April 29, 2023

First Republic plunges on expectation of seizure by FDIC

First Republic Bank shares fell as much as 54 per cent in extended New York trading on speculation that it would be seized by regulators, as regional US lenders are pressured by deposit drains and weakening investments. Regulators were poised to place the...

Source: Financialpost April 29, 2023

Ottawa posts $3.1 billion surplus for first 11 months of 2022-23 fiscal year

Compares to a deficit of $69.8 billion during the same period last year OTTAWA — The federal government posted a budgetary surplus of $3.1 billion between April 2022 and February 2023. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subsc...

Source: Financialpost April 29, 2023

Posthaste: Gen X snapping up cottages amid $1-trillion wealth transfer from baby boomers

Cohort drove activity in 91% of regions surveyed by Re/Max We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: Gen X snapping up cotta...

Source: Financialpost April 29, 2023

'50% correction': Why Canada's office real estate sector is heading for a reckoning

High interest rates and rising vacancies are sending tremors through the sector Get the latest from Barbara Shecter straight to your inbox Sign Up Publicly traded office real estate trusts have seen their values drop precipitously in...

Economy Source: Financialpost April 29, 2023

Canadian economy seen shrinking after February growth falls short of expectations

Statistics Canada estimates growth dipped into the red in March OTTAWA — The Canadian economy grew 0.1 per cent in February from January, less than expected, and the gross domestic product likely contracted in March, Statistics Canada data show...

Source: BNN Bloomberg April 28, 2023

U.S. tech shares surge on earnings; Treasuries retreat

U.S. equities rose the most since January and Treasuries retreated Thursday after solid earnings from technology companies blotted out the impact of a report showing slowing economic growth and higher-than-forecast inflation. The S&P 500 jumped 2.0 per cen...