Daily News

Market Call Source: BNN Bloomberg June 09, 2022

Gordon Reid's Top Picks: June 8, 2022

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Financial markets are roiled by the possibility of a recession caused by the actions of the Federal Reserve to control inflation. No one has a crystal...

Source: BNN Bloomberg June 09, 2022

Don't be fooled by daily drama. The stock market is in a rut.

It might not exactly feel like it, but the stock market has been, well, kind of boring.  The choppiness and seemingly constant mid-session about-faces are obscuring the bigger picture: the S&P 500 has been vacillating within a roughly 100-point range over...

Source: Bankofcanada June 09, 2022

Release of the Financial System Review

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the Bank of Canada’s Financial System Review (FSR). The FSR...

FP Economy Source: Financialpost June 09, 2022

Higher inflation, global tensions complicating financial system risks: Bank of Canada

Biggest vulnerability remains higher household indebtedness The Bank of Canada warned that threats to the financial system have grown more complicated in recent months as the country grapples with tightening monetary policy, rampant global inflatio...

Source: BNN Bloomberg June 08, 2022

U.S. stocks rise second day, recoup last week's losses

U.S. stocks rose for a second day, climbing to session highs in the last hour of trading amid a broad-based rally. Treasuries pared gains and the dollar slipped. Back-to-back gains in the S&P 500 clawed back all of last week’s losses. The tech-heavy Nasdaq...

Company News Source: BNN Bloomberg June 08, 2022

Target’s bloated inventory spurs another profit outlook cut

Target Corp. cut its profit outlook for the second time in three weeks as it rushes to ease an inventory surge by marking down items and canceling orders. Soaring merchandise stockpiles and “unusually high transportation and fuel costs” prompted Target to...

Market Call Source: BNN Bloomberg June 08, 2022

Jamie Murray's Top Picks: June 7, 2022

Jamie Murray, portfolio manager and head of research, Murray Wealth Group FOCUS: Global equities MARKET OUTLOOK: The market has never been more confused in terms of news flow as both bad news and good news seem to drive the market lower. May’s stro...

Source: BNN Bloomberg June 08, 2022

ESG insiders demand course correction to fix industry woes

With ESG being increasingly maligned these days from both the inside and the outside, some of the industry’s early devotees say it’s time for a course correction. Jerome Dodson, the retired founder of one of the world’s largest ESG-focused investing firms,...

Source: BNN Bloomberg June 08, 2022

Uranium stocks jump as U.S. looks to boost domestic supplies

Canadian uranium stocks jumped on Tuesday after Bloomberg News reported the White House is looking to reduce its dependence on Russian uranium imports in favour of sourcing more uranium domestically. Bloomberg reported the Biden administration is pushing l...

Executive Summary Source: Financialpost June 08, 2022

Posthaste: Recession risk rises as Canadian economy runs out of room to grow

Aggressive interest rate hikes to tackle inflation could 'tip the economy into recession,' RBC says Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...