Daily News

Market Call Source: BNN Bloomberg June 01, 2022

Paul Gardner's Top Picks: May 31, 2022

Paul Gardner, partner and portfolio manager, Avenue Investment Management FOCUS: REITs, bonds and dividend stocks MARKET OUTLOOK: 2022 has been a tough year for most asset managers. It is rare for both stocks and bonds to be down significantly at t...

Source: BNN Bloomberg June 01, 2022

Alibaba, JD.com jump on easing COVID curbs, economic data

U.S.-listed Chinese stocks jumped to wipe out their monthly losses, as easing in lockdown measures in major cities and better-than-expected economic data reassured investors. With a 3.7 per cent climb on Tuesday, the Nasdaq Golden Dragon China Index capped...

Source: BNN Bloomberg June 01, 2022

Fidelity slashes Reddit, Stripe valuations after tech rout

Fidelity Investments cut valuations for several closely held technology companies, including social media platform Reddit and payment software provider Stripe.  In April, Fidelity funds marked down stakes in Reddit by more than a third from the preceding m...

Source: Bankofcanada June 01, 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 1½%, with the Bank Rate at 1¾% and the deposit rate at 1½%. The Bank is also continuing its policy of quantitative tightening (Q...

Source: BNN Bloomberg May 31, 2022

Stocks trim gains as inflation concerns increase

  Stocks and US futures trimmed their advance and European bonds tumbled after hotter-than-expected German inflation numbers added to pressure for action from central bank policymakers to tame rising prices. European equities pared a fourth day of gains...

Market Call Source: BNN Bloomberg May 31, 2022

David Fingold's Top Picks: May 30, 2022

David Fingold, vice president and senior portfolio manager, Dynamic Funds FOCUS: U.S. and global stocks MARKET OUTLOOK: Given the recent volatility in equity and fixed income markets, we recommend investors approach markets with a focus on quality...

FP Economy Source: Financialpost May 31, 2022

Canada's economic growth slows to 3.1%: What you need to know

Kevin Carmichael: Economy is cooler than forecasters thought, but it's still too hot for the Bank of Canada's liking Canada’s gross domestic product increased at an annual rate of 3.1 per cent in the first quarter, compared with a revised rate of 6...

Source: BNN Bloomberg May 28, 2022

Stocks notch their best week since November 2020

Stocks continued to rebound from a steep rout that drove the market down for seven straight weeks, with rebalancing from institutional investors potentially lifting equities at the end of the month. The S&P 500 wiped out its May losses and posted its bigge...

Source: BNN Bloomberg May 28, 2022

CPPIB's growth-equity team seeking targets amid 'perfect storm'

One of North America’s biggest institutional investors is pushing into the growth-equity business as it anticipates declines in private-company valuations will catch up with those of publicly traded stocks. Canada Pension Plan Investment Board, which manag...

Source: BNN Bloomberg May 28, 2022

Fund managers take to Twitter to warn of turmoil ahead

While stocks may be experiencing a reprieve from a recent steep sell-off, investors likely remain jittery as runaway inflation, lingering supply chain disruptions and hawkish central banks continue to place pressure on markets. That’s led some renowned mon...