Daily News

Source: BNN Bloomberg May 28, 2022

Big up week for everything is latest sudden twist for traders

Practically everything rose this week, with traders crawling out from seven weeks of wreckage. From speculative flyers to the bluest chips, across junk and corporate bonds to Treasuries and commodities, the path of least resistance was, for once, up.  Clim...

Market Call Source: BNN Bloomberg May 28, 2022

Greg Newman's Top Picks: May 27, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and protection strategies MARKET OUTLOOK: Investors are trying to assess whether we are facing a cycle end or a cycle elongation (soft...

Source: BNN Bloomberg May 28, 2022

The Week Ahead: StatsCan business conditions survey; BoC interest rates

Monday, May 30 (U.S. markets closed for Memorial Day) Notable data: Canadian current account balance and StatsCan survey on business conditions European Union leaders begin two-day summit in Brussels (Ukraine, energy prices, food security on agenda)...

Source: BNN Bloomberg May 27, 2022

Stocks see widespread rally amid retail strength

Stocks continued to rebound from the lowest levels in over a year as solid outlooks from retailers bolstered confidence in the economy despite supply-chain snags and inflationary pressures. A slide in US mortgage rates by the most since April 2020 and Broa...

Market Call Source: BNN Bloomberg May 27, 2022

Brian Acker's Top Picks: May 26, 2022

Brian Acker, president, CEO, and chief investment strategist at Acker Finley FOCUS: North American large-cap stocks   MARKET OUTLOOK: Since my last appearance, on April 12, the S&P 500 index has broken or had a negative transit of what we call E...

Source: BNN Bloomberg May 27, 2022

S&P 500 believers see light forming in the market

Have stocks stopped being expensive? Among bulls, hope is coalescing around valuation metrics that could support that view, though with so many caveats they require a big dose of courage to heed.  After falling 15 per cent this year, the S&P 500 is trading...

Banking Source: Financialpost May 27, 2022

Cloudier economic outlook isn't denting the confidence of Canada's big banks

Bank execs brush off concerns about financial sector’s ability to navigate looming headwinds Executives at Canada’s Big Five banks are acknowledging the economic outlook is becoming cloudier, but took steps during earnings calls this week to assuag...

FP Economy Source: Financialpost May 27, 2022

Port of Vancouver ranks among the worst in the world, according to World Bank report

Port efficiency has taken on a new level of urgency amid pandemic supply disruptions The Port of Vancouver — the main gateway for consumer goods entering Canada from the manufacturing powerhouses in Asia — is among the worst performers, ranking 368...

Source: BNN Bloomberg May 26, 2022

Stocks climb in volatile session after Fed minutes

Stocks climbed after minutes from the Federal Reserve’s latest policy meeting gave no signals that officials could turn more hawkish soon to fight inflation. The S&P 500 rebounded from earlier losses, while the tech-heavy Nasdaq 100 outperformed. The dolla...

Source: BNN Bloomberg May 26, 2022

Couche-Tard attracts new bull with outperform rating

Alimentation Couche-Tard Inc. picked up another fan in the analyst community Wednesday, as Wells Fargo initiated coverage of the Montreal-based convenience store operator with the equivalent of a buy recommendation. Analyst Anthony Bonadio launched coverag...