Daily News

Source: BNN Bloomberg April 06, 2023

Short sellers will be 'undone' by bets against TD: Investment strategist

As short sellers place bets against Toronto-Dominion Bank, one investment strategist said the lender has managed its risks well and Canadian banks have withstood similar short positions in the past. According to Bloomberg News, an analysis conducted by S3...

Source: BNN Bloomberg April 06, 2023

Paul Harris' Top Picks: April 5, 2023

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: The U.S. Federal Reserve and other central banks reiterated that the priority remains the fight against inflation e...

Source: BNN Bloomberg April 06, 2023

​TSX recap: Index finishes 0.57% lower amid losses in technology stocks

Canada's main stock index closed down more than 100 points as losses in base metal, energy and technology stocks weighed on the market, while U.S. stock markets put in a mixed showing. The S&P/TSX Composite Index ended down 116.21 points, 0.57 per cent, at...

Source: BNN Bloomberg April 06, 2023

Retail traders ignore banking crisis and buy the dip in lenders

Individual investors have been pouncing on battered bank stocks, pouring money into heavyweights like Bank of America Corp., despite lingering concerns about an industry crisis after several lenders collapsed.  Net purchases of Bank of America stock this y...

Source: Financialpost April 06, 2023

Posthaste: Canadian oil is the world's top choice, global ranking shows

Canada is the preferred country to supply oil to the world, according to an Ipsos ranking Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through li...

Source: Financialpost April 06, 2023

CIBC CEO says mortgage aid for homeowners sustainable for ‘foreseeable future’

Bank has about $52 billion of variable-rate mortgages with monthly payments that aren't even covering interest Canadian Imperial Bank of Commerce chief executive Victor Dodig said the accommodations his bank is making for variable-rate mortgago...

Source: BNN Bloomberg April 05, 2023

Lacking financial literacy, young people are taking it into their own hands

In 2020, Jonathan Atwin and his partner jumped on the personal finance wagon, teaching themselves all about money and how to manage it better. “At the time, we were carrying some debt, so we wanted to try to tackle that,” said Atwin. It started with Tik...

Source: BNN Bloomberg April 05, 2023

Opportunities in luxury stocks: Three hot picks from Oliver Chen

The luxury retail sector may be battling with inflation risks, but one analyst says consumer savings and a younger clientele should contribute to its reliance. In an interview with BNN Bloomberg’s Amber Kanwar on Tuesday, Oliver Chen, senior research analy...

Source: BNN Bloomberg April 05, 2023

U.S. stocks halt winning streak as JOLTS lift bonds

The stock market halted a four-day rally amid a selloff in banks. Treasuries climbed as data on job openings bolstered bets the Federal Reserve is about to wrap up its tightening campaign. A gauge of financial heavyweights like Wells Fargo & Co. and Citigr...

Market Call Source: BNN Bloomberg April 05, 2023

Hap Sneddon's Top Picks: April 4, 2023

Hap Sneddon, founder and chief portfolio manager, CastleMoore Inc. FOCUS: Technical analysis  MARKET OUTLOOK: Markets are exhibiting some bottoming behaviour or “green shoots,” particularly in technology or growth securities, as the march of intere...