Daily News

FP Economy Source: Financialpost October 07, 2022

Canada's unemployment rate drops to 5.2%: What you need to know

Employment was little changed, but wages rose 5.2 per cent from last year Canadian employment was little changed in September from the previous month, and the unemployment rate dropped to 5.2 per cent, albeit because fewer people told Statistic...

Commodities Source: BNN Bloomberg October 06, 2022

Gold falls after two-day surge with Fed rate stance in focus

Gold declined -- after surging past US$1,700 an ounce on Tuesday -- as traders weighed whether the US central bank may moderate its hawkish stance after the release of weak U.S. data. The metal ticked lower Wednesday as the dollar and Treasury yields rose,...

Source: BNN Bloomberg October 06, 2022

Private capital markets to double by 2027, Preqin says

Private capital strategies are set to nearly double assets under management over the next five years, according to data provider Preqin, even as the fast-growing industry adjusts to a tougher macro environment. Private markets, encompassing private equity...

Source: BNN Bloomberg October 06, 2022

TSX recap: Index finishes down 0.7% after two days of optimism

Markets in Canada and the U.S. were slightly down Wednesday after two days of optimism at the beginning of the fourth quarter, as virtually everything other than oil reversed its early-week rally. The S&P/TSX Composite Index was down 135.90 points, or 0.7%...

Source: BNN Bloomberg October 06, 2022

U.S. stocks take breather after furious rally from low

For many stock traders, it felt just about right that the market would take a breather after the dramatic rally of the past couple of days. After a bounce that started around noon in New York and was attributed to a big options trade, the S&P 500 came back...

Market Call Source: BNN Bloomberg October 06, 2022

James Telfser's Top Picks: October 5, 2022

James Telfser, partner and portfolio manager at Aventine Investment Counsel FOCUS: North American stocks MARKET OUTLOOK: This has been a challenging year for investors with very few places to hide from the cross-asset carnage. In speaking with clie...

Source: Bankofcanada October 06, 2022

Restoring price stability for all Canadians

Governor Tiff Macklem explains how inflation in Canada reflects more and more what’s happening with domestic demand and what the Bank is watching as it works to brin...

Source: BNN Bloomberg October 05, 2022

U.S. stock shorts fold in best two-day rally since 2020

Stocks extended their rebound from deeply oversold levels, with traders weighing whether it would be realistic that central banks moderate their aggressive stance to prevent a hard landing. The S&P 500 had its best two-day surge since April 2020. Tesla Inc...

Source: BNN Bloomberg October 05, 2022

TSX recap: Index closes up 2.6% in broad-based rally

A broad-based rally pushed Canada's main stock index up by almost 500 points Tuesday, while U.S. stock markets were also up. The S&P/TSX Composite Index closed up 489.80 points, or 2.6 per cent, at 19,370.99. In New York, the Dow Jones industrial averag...

Market Call Source: BNN Bloomberg October 05, 2022

Brian Madden's Top Picks: October 4, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: 2022 is proving to be a year that tests the mettle of investors in virtually every asset class, with stocks, bonds and real estat...