Daily News

FP Economy Source: Financialpost June 20, 2022

Freeland says Ottawa 'prepared to do more' if inflation stays hot

For now, however, the finance minister said she thinks she's done enough Finance Minister Chrystia Freeland said the federal government is prepared to take additional steps to offset the rising cost of living if inflation continues to accelerate....

Source: BNN Bloomberg June 18, 2022

U.S. equities end turbulent week with a modest gain

US stocks rallied Friday as sentiment improved after traders parsed comments from Federal Reserve officials who reiterated that the central bank needs to do more to curb the hottest inflation in 40 years.  While the S&P 500 rose on Friday, it still closed...

Market Call Source: BNN Bloomberg June 18, 2022

Darren Sissons' Top Picks: June 17, 2022

Darren Sissons, vice-president and partner at Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: Central banks telegraphed clearly the world is changing: interest rates would rise as they did again in the U.S. on Wednesday. Ce...

Source: BNN Bloomberg June 18, 2022

Canadian stocks plummet in worst week since the pandemic crash

Canadian stocks plunged in the market’s worst week in more than two years as investors fled riskier assets amid deepening concerns that red-hot inflation could trigger a recession. The S&P TSX Composite Index fell 0.4 per cent on Friday, extending losses t...

Source: BNN Bloomberg June 18, 2022

How the 2022 bear market is different from the last one

It’s time to navigate through what traders call a “sea of red,” the color used to signal declines in asset prices on their computer screens. Almost everywhere you look right now, it’s crimson. The S&P 500 has fallen more than 20 per cent from its high on J...

Source: BNN Bloomberg June 18, 2022

The Week Ahead: Inflation data due; Sobeys parent company to report earnings

Monday, June 20 Notable data: New Housing Price Index US Markets are closed for Juneteenth Collision conference kicks off at 5pm ET and runs until the 23rd Tuesday, June 21 Notable data: Cdn. Retail Sales, US Existing Home Sales Notable...

Source: BNN Bloomberg June 17, 2022

Stock market gets crushed with recession worries mounting

Stocks tumbled around the globe as recession fears resurfaced, with the Federal Reserve struggling to get on top of inflation that has proved more persistent and widespread than officials anticipated. The S&P 500 closed at its lowest since December 2020, w...

Source: BNN Bloomberg June 17, 2022

Tesla stock has more than Twitter weighing on it

The Twitter overhang on Tesla Inc. shares is turning out to be among the least of investors’ problems.   Elon Musk’s decision to pursue a takeover of Twitter Inc. contributed to the plunge in Tesla’s stock over the past couple months. Yet even if the billi...

Market Call Source: BNN Bloomberg June 17, 2022

Brian Madden's Top Picks: June 16, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: A recession is in the making and investors need to position portfolios defensively by overweighting cash, gold, consumer staples,...

Source: BNN Bloomberg June 17, 2022

Private equity faces 'crisis of value' over inflated prices

Private owners of assets face a “crisis of value”, after years of prices being driven higher by rock-bottom interest rates, according to two senior private equity figures. “Right now in the private markets it has been a crisis of value,” Gabriel Caillaux,...