Daily News

Source: BNN Bloomberg December 20, 2022

U.S. stocks decline for a fourth day; yields climb

U.S. stocks dropped for a fourth session as traders assessed the Federal Reserve’s path next year after central bank officials vowed to keep raising rates until they’re confident inflation is coming down meaningfully.  Sign up to get breaking news email...

Source: BNN Bloomberg December 20, 2022

TSX today: Index down 0.57% amid losses in technology stocks

Canada's main stock index was down 100 points in late-morning trading as losses in the technology and base metal sectors helped lead a broad-based decline, while U.S. stock markets also pulled back. Sign up to get breaking news email alerts sent directl...

Market Call Source: BNN Bloomberg December 20, 2022

Keith Richards' Top Picks: December 19, 2022

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical Analysis MARKET OUTLOOK: As trend followers, we don’t predict. We simply follow our rules. Those rules incorporate trend confirmation and breakdown...

Source: BNN Bloomberg December 20, 2022

Larry Berman: Outlook for 2023 is more of the same to start, but an investable low is likely

For global equity markets, 2023 promises more of the same as the central bank narrative on tamping down inflation remains a top priority. The focus of central banks for most of the year will be to kill inflation. Unfortunately, that likely leads to a recessio...

Company News Source: BNN Bloomberg December 20, 2022

Disney closes at lowest since 2020 after tepid 'Avatar' debut

Walt Disney Co. fell on Monday, with the media company extending a lengthy selloff that took the stock to a more than two-year low. Sign up to get breaking news email alerts sent directly to your inbox Its shares fell 4.8 per cent to US$85.78, endi...

Source: Financialpost December 20, 2022

10 money mistakes people make in a recession

In uncertain times, it can be easy to make rash decisions that only make things worse This article was created by MoneyWise. Postmedia and MoneyWise may earn an affiliate commission through links on this page. We apolog...

Source: Financialpost December 20, 2022

Freeland's rationale for ending inflation-adjusted bonds 'not legitimate': veteran pension fund manager

Jim Keohane says the securities rarely trade because institutional investors value them too much to give them up The justification for Finance Minister Chrystia Freeland’s controversial decision to cancel a series of inflation-protected bonds “...

Source: Financialpost December 20, 2022

Diane Francis: Trudeau's foolhardy immigration targets

The lesson is simple: good immigration is good a for a country, but poorly executed and excessive immigration is not The Trudeau government aims to let in 465,000 immigrants next year, despite serious shortages in housing and health care. As a...

Source: Financialpost December 20, 2022

The man who bought Celine Dion's Nickels deli could be coming for your favourite restaurant chain next

Foodtastic just snapped up Freshii for $74.4 million in latest acquisition of brands that's turned it into a major restaurant franchisor A few years ago, Foodtastic Inc. was a minor restaurant franchisor in Montreal. It started with a burger co...

Source: Financialpost December 19, 2022

Mortgage defaults and foreclosures on the rise as interest rates climb

Even higher rates could cause further troubles for rate-sensitive housing market Mortgage brokers are beginning to see more instances of default on privately financed loans and an increase in powers of sale as the central bank raises interest r...