Daily News

Source: BNN Bloomberg October 01, 2022

BofA strategists see Wall Street rout forcing asset sales

Spiraling losses on Wall Street are now snowballing into forced asset liquidation, according to Bank of America Corp. strategists.  The NYSE Composite Index, which includes US stocks, depositary receipts and real estate investment trusts, has broken multip...

Source: BNN Bloomberg October 01, 2022

TSX today: Composite ekes out 0.01% gain but down for the quarter

A volatile trading day capped the quarter as an early rally evaporated to leave the S&P/TSX Composite Index with the barest of gains while U.S. markets swung deep into the red. The S&P/TSX Composite Index closed up 2.38 points, or 0.01 per cent, Friday at...

Source: BNN Bloomberg October 01, 2022

Pound claws back budget-shock loss on bets for policy revamp

The pound rallied for a fourth day as traders speculated the UK government will water down fiscal policies that pummeled the currency to a record low at the start of the week. Sterling soared over 1 per cent on Friday to US$1.1234, surpassing levels seen b...

Market Call Source: BNN Bloomberg October 01, 2022

Brianne Gardner's Top Picks: September 30, 2022

Brianne Gardner, wealth manager and investment advisor, Velocity Investment Partners, Raymond James FOCUS: North American large-cap stocks  MARKET OUTLOOK:  We have some historically unique challenges right now, but we’re also heading into a season...

Source: BNN Bloomberg September 30, 2022

U.S. stocks plummet to 22-month low as Fed hawks circle

U.S. stocks plunged to the lowest since November 2020 as another group of Federal Reserve officials struck a hawkish tone, and turmoil in Europe continued to fray investor nerves. The S&P 500 fell as much as 2.9 per cent during Thursday’s session but trimm...

Source: BNN Bloomberg September 30, 2022

TSX today: Index swings back to losses, ends down 1.1%

Canada's main stock index ended down more than 1.1 per cent in broad-based declines on continued economic growth concerns, while U.S. stock markets also fell. The S&P/TSX Composite Index closed down 207.08 points at 18,441.84. In New York, the Dow Jones...

Market Call Source: BNN Bloomberg September 30, 2022

Darren Sissons' Top Picks: September 29, 2022

Darren Sissons, vice-president and partner, Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: Given current market conditions, a regime change is clearly in effect, which drives four investment considerations moving forward....

Source: BNN Bloomberg September 29, 2022

S&P 500 roars back from six-day slide; bonds surge

U.S. stocks and Treasuries rallied on Wednesday after the Bank of England’s decision to stage a market intervention boosted U.K. bonds and tentatively calmed markets. The S&P 500 snapped a six-day rout, rising the most since early last month, and for the f...

Source: BNN Bloomberg September 29, 2022

Bank of Canada vows more transparency after pressure from IMF

The Bank of Canada will begin publishing a minutes-like summary of deliberations by officials after each policy decision in an effort to enhance transparency as it faces one of the most severe tests of its credibility. The move comes in response to a revie...

Source: BNN Bloomberg September 29, 2022

TSX today: Index jumps 1.9% as U.S. Treasury yields retreat

The S&P/TSX composite index snapped a six-day losing streak as it made substantial gains along with U.S. markets after U.S. Treasury yields retreated on speculation central banks may ease up on restrictive, inflation-fighting policies. The S&P/TSX composit...