Daily News

Source: BNN Bloomberg January 05, 2023

Wall Street's top bear sees another big down year for S&P 500

Equity investors hoping for a reprieve in the new year after a brutal 2022 are likely to be disappointed, according to Michael Kantrowitz at Piper Sandler & Co. The strategist, ranked No. 3 in the last year’s Institutional Investor survey, predicts that th...

Source: Financialpost January 05, 2023

Gwyn Morgan: The painful return to energy supply reality

The Ukraine crisis revealed just how narrow the global oil supply margin has become Last year my year-end column, “Fossil fuel follies of 2021,” focused on the bizarre impacts of the Great March Greenward by net-zero zealots intent on replacing...

Source: Financialpost January 05, 2023

Opinion: Canadians are right to worry about immigration levels

Almost half of Canadians think Ottawa's target of 500,000 immigrants a year is too high, poll finds By Herbert Grubel We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other...

Executive Summary Source: Financialpost January 05, 2023

Posthaste: What to expect from inflation, interest rates and the housing market in 2023

Hold onto your wallets — inflation, high interest rates and falling home prices will continue this year, BMO says Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from p...

Source: BNN Bloomberg January 04, 2023

How to help your money grow in 2023 against a backdrop of economic uncertainty

Canadian investors who made it through a tumultuous 2022 face further uncertainty in the year ahead amid increased recession risk, higher interest rates, persistent inflation, a jittery stock market and a plummeting real estate market. Investment professio...

Source: BNN Bloomberg January 04, 2023

Bonds to stage comeback as hedge for stock losses, investors say

After the biggest loss for 60/40 portfolios since the global financial crisis, better days may lie ahead for the trillion-dollar complex of balanced investment strategies. Amid optimism that inflation has peaked, more than 60 per cent of 610 respondents to...

Source: BNN Bloomberg January 04, 2023

Apple's slide topples last stock in US$2T club

A steady slide in Apple Inc. shares pushed the iPhone maker’s market value below US$2 trillion, the latest casualty in the tech stock rout.   Sign up to get breaking news email alerts sent directly to your inbox Apple fell 3.7 per cent on Tuesday,...

Technology Source: BNN Bloomberg January 04, 2023

Crypto starts year with low trading volume after 2022 downturn

Cryptocurrencies are starting the year with a whimper as trading volumes remain desiccated in the wake of 2022's numerous industry scandals and meltdowns. Trading volumes on Binance, the biggest digital-assets exchange, are at lows not seen since last summ...

Source: BNN Bloomberg January 04, 2023

U.S. stocks start 2023 lower; Treasuries advance

U.S. stocks declined on Tuesday as Tesla Inc. and Apple Inc. highlighted slowing demand, stoking concern about what lies ahead for growth stocks and the U.S. economy as the Federal Reserve prepares to keep raising interest rates. Treasuries advanced and the d...

Source: BNN Bloomberg January 04, 2023

TSX recap: Index finishes higher as broad-based gains offset losses in energy

Canada's main stock index ended the first day of the trading year up just 0.30 per cent, with losses in energy offset by gains in several other sectors, while U.S. markets were slightly down.  Sign up to get breaking news email alerts sent directly to y...