Daily News

Source: BNN Bloomberg June 28, 2022

BMO cuts Bombardier price target amid macro uncertainty

BMO Capital Markets lowered its 12-month price target for Bombardier Inc. on the premise that “high financial leverage and heightened macro uncertainty have weighed on [its] valuation.” In a note to clients on Sunday, Analyst Fadi Chamoun reduced his price...

FP Economy Source: Financialpost June 27, 2022

Inflation drives Canadian consumer confidence to crisis-era lows

Canada’s households are beginning to buckle amid the weight of rising prices, higher interest rates and a housing correction Canadian consumer confidence levels have fallen to near crisis-era lows in an ominous sign for the nation’s economic outloo...

FP Economy Source: Financialpost June 26, 2022

Canada has a path to 'soft landing,' Freeland says

A severe recession can be avoided, Freeland told CBC Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a “soft landing,” where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a seve...

Source: BNN Bloomberg June 25, 2022

U.S. stocks roar back with best week in a month

US stocks rebounded this week from a rout that drove the market down for three straight weeks after recent comments from Federal Reserve officials buoyed sentiment and a reading on inflation expectations eased. The S&P 500 gained more than 3 per cent Frida...

Market Call Source: BNN Bloomberg June 25, 2022

Brendan Caldwell's Top Picks: June 24, 2022

Brendan Caldwell, president and CEO, Caldwell Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Heading into 2022, a concoction of headwinds created the perfect storm for equity markets and the ensuing sell-off has led mo...

Source: BNN Bloomberg June 25, 2022

Market is shredding all the time-tested ways to chart its course

Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around. Case in point this week, with its forceful pivot from multimonth lows. Sudden...

Source: BNN Bloomberg June 24, 2022

U.S. equities gain as traders parse Fedspeak

US stocks rose and Treasuries rallied as weaker-than-forecast data and a renewed hawkish tone from Federal Reserve officials ratcheted up worries the economy is headed for a recession. The S&P 500 resumed gains on Thursday, ending the day up nearly 1 per c...

Source: BNN Bloomberg June 24, 2022

Recession fears plunge Canadian banks into 20% drop from record

Canadian banks fell about 20 per cent from their record high set in early February as recession fears send investors fleeing. The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another day of l...

Company News Source: BNN Bloomberg June 24, 2022

CPP Investments looks global but no immediate plans to invest in Ukraine rebuild: CEO

Canada's largest pension fund manager says it will continue to look for investment opportunities around the world but has no current plans to help with Ukraine's eventual reconstruction once the war with Russia ends. "We never close the door to an investme...

Source: BNN Bloomberg June 24, 2022

Traders are stockpiling the most cash in a decade: JPMorgan

In the view of JPMorgan Chase & Co. strategists, the reason why this may be the end of the bear market is that investors are holding way too much cash.  Nikolaos Panigirtzoglou estimates that cash levels are close to 40%, the highest level in a decade. JPM...