Daily News

Source: BNN Bloomberg February 07, 2023

U.S. stock euphoria deflated with Powell as 'wild card'

Stocks gave back some of this year’s gains, with traders waiting to see if Jerome Powell will dampen the bullish reaction to his recent remarks amid bets the Federal Reserve will keep its firm grip on policy. As equities came off overbought levels, Treasur...

Source: BNN Bloomberg February 07, 2023

Canadian dollar's outlook for 2023 uncertain as interest rate hikes wane: experts

The outlook for the loonie in 2023 largely depends on commodity prices, how the U.S. dollar fares, and whether central banks are successful in avoiding a major recession, experts said. The Canadian dollar recently rose to its highest level in more than two...

Source: BNN Bloomberg February 07, 2023

TSX recap: Index finishes 0.62% lower amid broad-based losses

Canada's main stock index lost more than 100 points Monday on broad-based weakness while U.S. markets were also down, with the Nasdaq slipping one per cent. The S&P/TSX Composite Index was down 129.42 points, or 0.62 per cent, at 20,628.92. In New York,...

Market Call Source: BNN Bloomberg February 07, 2023

Barry Schwartz's Top Picks: February 6, 2023

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Most people are certain that the outlook will worsen from here and those fears are probably well founded...

Source: BNN Bloomberg February 07, 2023

Opportunities in semiconductors stocks: Three hot picks from Harsh Kumar

The semiconductor sector has been on the rise in recent months and one analyst believes it will only get better going forward. Speaking with BNN Bloomberg's Amber Kanwar on Monday, Harsh Kumar, managing director and senior research analyst at Piper Sandler...

Source: BNN Bloomberg February 07, 2023

Bed Bath & Beyond shares post record gain in heavy trading

Bed Bath & Beyond Inc. climbed 92 per cent on Monday to rack up a record one-day advance as trading volume for the beleaguered home-goods retailer surged.  About 240 million shares changed hands, which is more than three times the average over the past mon...

Source: Bankofcanada February 07, 2023

Higher interest rates are working

Governor Tiff Macklem explains how the Bank of Canada’s increases to the policy interest rate will cool the economy and bring inflation down. Watch Go...

Source: Financialpost February 07, 2023

Bed Bath & Beyond has nothing but itself to blame for impending bankruptcy

Its undoing is a story of how deciding to rip it up and start again can leave a company in tatters Bed Bath & Beyond Inc., facing a crisis in late summer as sales plunged and suppliers revolted, insisted its white-collar workers return to the o...

Source: Financialpost February 07, 2023

Bay Street thinks Macklem will cut rates to counter a recession in 2023: Bank of Canada survey

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Survey suggests M...

Source: Financialpost February 07, 2023

Saskatchewan company greenlights Canada's first large-scale geothermal power plant

A 25-megawatt facility should produce enough power for 25,000 households Saskatchewan’s Deep Earth Energy Production Corp. said it will begin construction this year on Canada’s first commercial-scale facility for producing electricity from geot...