Daily News

Source: BNN Bloomberg December 15, 2022

TSX recap: Index finishes 0.66 per cent lower following mid-morning gains

Canada's main stock index saw a loss of more than half a per cent Wednesday, reversing slight mid-morning gains, while U.S. markets were also down at the close after beginning the day on a more optimistic streak.  Sign up to get breaking news email aler...

Market Call Source: BNN Bloomberg December 15, 2022

Chris Blumas' Top Picks: December 14, 2022

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: Earlier this year, the U.S. Federal Reserve shocked financial markets with its plans to increase interest rates more aggressively th...

Source: Financialpost December 15, 2022

Suspicions of U.S. CPI leak swirl around mystery rally in 60 seconds before data's release

'Someone will likely look into it, whether it’s innocent or not' (Bloomberg) — Karine Jean-Pierre, the press secretary for President Joe Biden, quickly brushed off the question when it came in toward the end of her daily press conference Tuesda...

Source: Financialpost December 15, 2022

Why Canada ran short of children's Tylenol — and why it could happen again

Episode 180 of Down to Business Last spring, Canada started experiencing a shortage of children’s Tylenol, which soon morphed into a shortage of children’s ibuprofen. We apologize, but this video has failed to load. Try...

Source: Financialpost December 15, 2022

Fed lifts rates by 50 basis points, pledges more hikes despite fears of economy stalling

Projects at least another 75 basis points of increases by the end of 2023 The Federal Reserve raised interest rates by half a percentage point on Wednesday and projected at least an additional 75 basis points of increases in borrowing costs by...

Source: BNN Bloomberg December 14, 2022

U.S. CPI posts smallest monthly increase in more than a year

A key gauge of U.S. consumer prices in November posted the smallest monthly advance in more than a year, indicating the worst of inflation has likely passed and validating an anticipated slowing in the pace of Federal Reserve interest-rate hikes. Excluding...

Market Call Source: BNN Bloomberg December 14, 2022

Gordon Reid's Top Picks: December 13, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: U.S. equity markets (as represented by the S&P 500 Index) are hovering just below the 4,000 mark, down 17 per cent for the year but...

Source: BNN Bloomberg December 14, 2022

U.S. stocks notch post-CPI gain on eve of Fed decision

U.S. stocks advanced on Tuesday as investors mulled whether latest data showing prices rose less than forecast last month would prompt the Federal Reserve to alter its aggressive approach to battling inflation. Sign up to get breaking news email alerts...

Source: BNN Bloomberg December 14, 2022

Scotiabank strategists share investment themes for 2023

As we head towards the end of the year, a new report from Scotiabank is highlighting key investment themes for 2023. Sign up to get breaking news email alerts sent directly to your inbox In a report to investors on Monday, a team of Scotiabank stra...

Source: BNN Bloomberg December 13, 2022

U.S. stocks start Fed week higher as CPI data loom

U.S. stocks advanced with investors gearing up for Tuesday’s reading on consumer prices. U.S. Treasuries ended Monday lower, erasing earlier gains. The S&P 500 rose 1.4 per cent, notching its best session in nearly two weeks. The tech-heavy Nasdaq 100 also...