Daily News

FP Economy Source: Financialpost September 15, 2022

Video-game maker Behaviour Interactive's CEO sees reason for optimism amid spectre of recession

Founder of Canada's largest independent game maker is eyeing expansion of its Toronto office The booming video-game industry has seen a flurry of acquisitions in recent years, but the founder and CEO of Canada’s largest independent game maker i...

Source: BNN Bloomberg September 14, 2022

Ugly selloff pushes U.S. stocks down most since 2020

A broad-based selloff sent equities to their worst day in more than two years after hotter-than-expected inflation data fueled bets on a jumbo hike by the Federal Reserve next week. Treasury yields surged and the dollar gained. Across the board selling sen...

Source: BNN Bloomberg September 14, 2022

TSX down 1.71% as North American markets tumble

North American markets tumbled Tuesday after the latest reading on U.S. inflation disappointed traders, with Canada's main stock index down more than 300 points and all three major U.S. stock indexes seeing their worst day since June 2020. The S&P/TSX comp...

Source: BNN Bloomberg September 14, 2022

BofA survey shows investors fleeing equities en masse on fear of recession

Investors are fleeing equities en masse amid the specter of a recession, with allocations to stocks at record lows and cash exposure at all-time highs, a Bank of America Corp. survey showed. A historically high 52 per cent of respondents said they are unde...

Market Call Source: BNN Bloomberg September 14, 2022

John De Goey's Top Picks: September 13, 2022

John De Goey, senior advisor and portfolio manager, Wellington-Altus Private Wealth FOCUS: Personal finance and ETFs MARKET OUTLOOK: This is a dangerous market precisely because major asset classes are seemingly indestructible. Given all that has g...

Source: BNN Bloomberg September 13, 2022

U.S. stocks on CPI eve close out best 4 days since June

US stocks rose on the final day of trading before the release of key consumer-price data, with risk sentiment buoyed by speculation inflation is near peaking. The dollar fell for a second day. The S&P 500 extended last week’s rally, notching the biggest ga...

Source: BNN Bloomberg September 13, 2022

S&P/TSX composite ends day up more than 200 points, U.S. stocks also close higher

Canada's main stock index ended the first trading day of the week up more than 200 points, as U.S. stock markets also closed higher. The S&P/TSX composite index was up 213.89 points at 19,987.23, with gains in the energy sector helping lead a broad-based r...

Market Call Source: BNN Bloomberg September 13, 2022

Rob Lauzon's Top Picks: September 12, 2022

Rob Lauzon, chief investment officer, Middlefield Capital Corporation FOCUS: North American equities MARKET OUTLOOK: It's a confusing time for investors as central banks are hiking rates into a slowing economy. The strong U.S .dollar is an earnings...

FP Economy Source: Financialpost September 13, 2022

Trudeau announces billions in cost-of-living relief, says it won't fuel inflation

Double GST rebate and top up housing benefit for renters Prime Minister Justin Trudeau announced a package of new measures to help Canadians cope with steeply rising prices, as his governing Liberals face increasing political pressure to mitiga...

FP Work Source: Financialpost September 12, 2022

Canada's real problem isn't job losses, it's the rush to retire

Wave of retirements hastening mass exodus of skilled workers, leaving businesses scrambling and pushing wages higher OTTAWA — More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own greyer v...