Daily News

Market Call Source: BNN Bloomberg March 16, 2023

Shane Obata's Top Picks: March 15, 2023

Shane Obata, portfolio manager, Middlefield Capital FOCUS: Global and North American large caps  MARKET OUTLOOK: After a strong start to the year, North American equity markets gave back some of the early gains in February with the S&P 500 and TSX...

Source: Financialpost March 16, 2023

Crowded discount airline sector set for shakeout

Watch: Airtrav's Robert Kokonis on what's next for the discount airline industry Robert Kokonis, president of Airtrav Inc., talks with the Financial Post’s Larysa Harapyn about how the crowded discount airline sector is set for a shakeout....

Source: Financialpost March 16, 2023

'Horrified': Trans Mountain's latest big cost increase catches watchers by surprise

Here's what you need to know about TMX's skyrocketing costs, which could complicate the sale process Trans Mountain Corp. wouldn’t have been waiting for an international banking crisis to publish the latest cost analysis of the Trans Mountain p...

Source: Financialpost March 16, 2023

Toronto stocks join global selloff as Credit Suisse sparks concerns

TSX recorded its worst day since December 2022 Canada’s main stock index fell 1.6 per cent on Wednesday, dragged down by energy and financial stocks as Credit Suisse spooked world markets, renewing concerns of a banking crisis. THIS CON...

Source: BNN Bloomberg March 15, 2023

U.S. stocks gain despite market jitters; bonds fall

U.S. stocks rallied into the close as traders wagered the worst of the banking turmoil has passed. Treasuries fell. The S&P 500 recovered much of its lost gains in the late afternoon after a Russian fighter jet collided with a U.S. drone tamped down the in...

Source: BNN Bloomberg March 15, 2023

Apollo, Blackstone and KKR said to circle SVB's loan assets

Apollo Global Management Inc., Blackstone Inc. and KKR & Co. have expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week, people with knowledge of the matter said. Apollo,...

Market Call Source: BNN Bloomberg March 15, 2023

Brian Acker's Top Picks: March 14, 2023

Brian Acker, president, chief executive officer and chief investment strategist, at Acker Finley FOCUS: North American large-cap stocks  MARKET OUTLOOK: For the last 10 years, I have been recommending U.S. dollar-dominated assets for Canadian inves...

Source: BNN Bloomberg March 15, 2023

In wake of SVB collapse, RBC analyst surprised consequences of rising rates took this long

The situation that caused Silicon Valley Bank (SVB) to collapse in the course of 48 hours was uncommon and it’s an example of the type of consequences that can happen after interest rates rise quickly, according to an analyst at RBC Capital Markets. In an...

Source: BNN Bloomberg March 15, 2023

Footwear stocks positioned for growth: Three hot picks from Tom Nikic

The transition from winter to spring is usually a time when shoe brands release new styles and boost demand for their products, which is why one analyst is bullish on the space. In an interview with BNN Bloomberg’s Paul Bagnell, Tom Nikic, analyst at Wedbu...

Source: BNN Bloomberg March 15, 2023

Short sellers scored US$2B profit as regional banks plunged

In the span of just three days, short sellers minted more than US$2 billion in paper profits as the collapse of Silicon Valley Bank set off a cascade of selling across the stocks of regional lenders. The precise amount of the mark-to-market gains came to U...