Daily News

Source: Financialpost March 15, 2023

Peter Shawn Taylor: The many benefits of booze that the scolds ignore

Booze has long played a crucial and highly beneficial role in the human experience In a recent interview with Toronto Life, Catherine Paradis, interim associate director of research at the Canadian Centre for Substance Use and Addiction (CCSA),...

Source: Financialpost March 15, 2023

Ontario Teachers' not interested in SVB's Canadian assets, CEO says

Funds posts 4% return in 'difficult' investment environment in 2022 as net assets grew to $247.2 billion. The Ontario Teachers’ Pension Plan has invested heavily in tech and financial services companies in recent years, but the chief executive...

Source: Financialpost March 15, 2023

John Turley-Ewart: Canada doesn't have bank failures because we learned our lesson 100 years ago

Since 2001 America has endured 562 bank failures, not including Silicon Valley Bank. In Canada, there were zero Nothing roils markets and focuses attention like a good old-fashioned bank run. Canadians are witnessing this truth as our American...

Economy Source: Financialpost March 15, 2023

Canada is a buying opportunity despite series of headwinds: David Rosenberg

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Here's why a repu...

Source: BNN Bloomberg March 14, 2023

Bonds rally, U.S. stocks steady as Fed rate path mulled

The yield on the two-year Treasury note plunged in its biggest one-day slump in decades, while tech stocks rebounded from last week’s rout as the collapse of Silicon Valley Bank reverberated across trading desks. In Monday’s chaotic session, yield on the t...

Source: BNN Bloomberg March 14, 2023

Sell any post-SVB stocks bounce, says Morgan Stanley

Morgan Stanley's Michael Wilson, known for being one of Wall Street's most bearish strategists, recommended that investors sell any rebound in U.S. stocks that may result from regulators' support measures after the collapse of Silicon Valley Bank. “We sugg...

Commodities Source: BNN Bloomberg March 14, 2023

Gold, copper advance as SVB fallout triggers flight to safety

Gold and copper rose as the collapse of Silicon Valley Bank spurred investors to seek safe havens. The American lender’s demise sparked such a severe drop in regional bank stocks that automatic trading halts were triggered on Monday. More broadly, more tha...

Source: BNN Bloomberg March 14, 2023

SVB collapse is not a repeat 08-09 financial crisis: John Zechner

Bank stocks have come under pressure following the collapse of Silicon Valley Bank (SVB), but one financial expert is advising that now is an opportune time to put money into the sector.    SVB, most commonly known for lending money to startup tech companies...

Source: BNN Bloomberg March 14, 2023

Attractive aerospace stocks: Three hot picks from Matthew Lee

Airlines and airfreight companies are well positioned to capture the expected demand in travel and air shipping ahead, one analyst says.    In an interview with BNN Bloomberg’s Paul Bagnell on Monday, Matthew Lee, equity research analyst of aerospace and spe...

Company News Source: BNN Bloomberg March 14, 2023

Canadian regulator seizes assets of Toronto branch of Silicon Valley Bank

Canada's banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon Valley Bank, it has temporarily seized assets of the Canadian branch to preserve their value. U.S. banking reg...