Daily News

Source: BNN Bloomberg November 29, 2022

U.S. stocks hit by Fedspeak as China woes boost havens

Stocks sank as Federal Reserve officials stressed that more rate hikes are coming, with risk appetite also hit by uncertainties around China’s Covid curbs and their impact on the global economy. The S&P 500 pared its monthly gain as Fed Bank of St. Louis P...

Source: BNN Bloomberg November 29, 2022

Hedge fund that beat 99% of peers places contrarian bet on Meta

As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc.   Expensive Silicon Valley tech would not normal...

Source: BNN Bloomberg November 29, 2022

Goldman strategists say stocks are yet to reflect recession risk

Stock markets are in for a wild ride next year as they don't yet reflect the risk of a U.S. recession, according to strategists at Goldman Sachs Group Inc. and Deutsche Bank. The team including Christian Mueller-Glissmann and Cecilia Mariotti said their mo...

Market Call Source: BNN Bloomberg November 29, 2022

Greg Newman's Top Picks: November 28, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and portfolio protection strategies  MARKET OUTLOOK: We all know that if you miss the first 20 days of the next bull market, historica...

Source: Financialpost November 29, 2022

William Watson: Solicitor-client privilege? How about people-truth privilege?

Canadians have a right to know the truth about what Ottawa was thinking when it invoked the Emergencies Act Does it seem strange to anyone else that during the hearings into the use of the Emergencies Act we have been allowed to read the unreda...

Source: Financialpost November 29, 2022

FP Answers: The Bank of Canada lost $522 million in three months — here's why

This section is Sponsored This section was created by Content Works, Postmedia’s commercial content studio. by RBC RBC Here's what you need to know about the Bank of Canada's ballooning liabilities and the long-term implic...

Source: Financialpost November 29, 2022

Kevin Carmichael: Economy grows faster than expected, raising odds of another big rate hike

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 However, worrying...

Source: Financialpost November 29, 2022

Matthew Lau: Woke education stunts young minds

Many young people will be ill-prepared for all but a very narrow range of career pursuits Public education is a shambles and many young people will be ill-prepared for all but a very narrow range of career pursuits: professional climate change...

Source: Financialpost November 29, 2022

Royal Bank of Canada to buy HSBC Bank Canada for $13.5 billion

Deal is expected to close by late 2023 Royal Bank of Canada has entered an agreement to buy HSBC Holdings PLC’s Canadian business in a $13.5-billion cash deal that will pad RBC’s lead as Canada’s largest bank, assuming regulators give the trans...

Economy Source: Financialpost November 29, 2022

GDP beat masks weakness underneath: What economists are saying about the numbers

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 Most see the Bank...