Daily News

Source: BNN Bloomberg November 15, 2022

FTX fiasco sparks billions of dollars of outflows from exchanges

The spectacular collapse of 30-year-old Sam Bankman-Fried's crypto empire has fueled a spike in outflows across global crypto exchanges. Users yanked a net $3.7 billion worth of Bitcoin and $2.5 billion of Ether in the week from Sunday, Nov. 6 to Sunday, Nov....

Source: BNN Bloomberg November 15, 2022

TSX recap: Index declines 0.94% amid losses in technology, energy

Canada's main stock index was down almost 190 points on Monday, weighed down by losses in information technology, utilities and energy, while U.S. stock markets were also in the red. The S&P/TSX Composite Index down 189.70 points, or 0.94 per cent, at 19,9...

Market Call Source: BNN Bloomberg November 15, 2022

Teal Linde's Top Picks: November 14, 2022

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks MARKET OUTLOOK: Pandemic, war, inflation, surging rates, climate disasters and rising authoritarianism - the last three years have introduced no shortage of globa...

Source: BNN Bloomberg November 15, 2022

Morgan Stanley sees rough ride for U.S. stocks in 2023

U.S. stocks will end 2023 almost unchanged from their current level -- but will have a bumpy ride to get there, according to Morgan Stanley’s Michael Wilson. The top-rated strategist sees a “volatile path” to get to his 2023 year-end S&P 500 base-case targ...

Source: BNN Bloomberg November 15, 2022

Easing rates won't be enough to revive big tech, Citigroup says

It’s going to take more than just a drop in Treasury yields to revive moribund technology stocks, as growth worries grip an industry slashing costs. That’s the view of Stuart Kaiser, head of US equity trading strategy at Citigroup Global Markets.  ...

Source: BNN Bloomberg November 15, 2022

Fallout from crypto exchange FTX's collapse shows importance of regulation: Experts

The rapid collapse of crypto-exchange giant FTX shows the importance for the sector to be regulated, something that Canada has helped lead the way on, experts say. Canada has numerous safeguards in place that would help prevent some of the alleged practice...

Source: Financialpost November 15, 2022

Why Canada's inflation rate could go higher, not lower, in tomorrow's data

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 And what a higher...

Source: Financialpost November 15, 2022

William Watson: At least Pierre Poilievre thinks about monetary policy

His plan for the Bank of Canada to control asset price inflation is a worthy idea, but not so easy to do with interest rates In his interview with the Post last week, Conservative leader Pierre Poilievre told Sabrina Maddeaux: “When I’m prime m...

Economy Source: Financialpost November 15, 2022

Tiff Macklem turns tables on critics, calls on politicians, employers to boost supply of skilled labour

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 Immigration, inve...

Economy Source: Financialpost November 15, 2022

Canada to enter short technical recession, economists say

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 Gross domestic pr...