Daily News

Source: BNN Bloomberg November 12, 2022

Ontario Teachers' Pension Plan invested US$95M into failing crypto platform FTX

The Ontario Teachers' Pension Plan says it invested US$95 million into failing cryptocurrency exchange platform FTX Trading. Rival exchange platform Binance pulled out of a deal to purchase FTX due to significant concerns, sending cryptocurrency prices fal...

Source: BNN Bloomberg November 12, 2022

U.S. stocks cap best week since June; tech regains mojo

U.S. stocks gained surer footing after a choppy morning session, extending a rally sparked by a slowdown in inflation. The dollar fell, declining for a fourth week. The S&P 500 closed near session highs in the biggest weekly gain since June. The tech-heavy...

Market Call Source: BNN Bloomberg November 12, 2022

Ryan Bushell's Top Picks: November 11, 2022

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks  MARKET OUTLOOK: Markets continue to search for tangible signs of stability which are proving elusive. Economic data remains stubbornly strong...

Source: BNN Bloomberg November 12, 2022

The Week Ahead: Earnings from Loblaw, Lowes; CPI data due

Monday, November 14 Notable data: Construction Investment, New Motor Vehicle Sales, BoC Senior Loan Officer Q3 Survey Notable earnings: Tyson Foods, Turquoise Hill Resources, MCAN Mortgage, Ivanhoe Mines, K92 Mines, H&R REIT Ontario Fall Economic St...

Source: BNN Bloomberg November 12, 2022

TSX recap: Index closes 0.61% higher

The S&P/TSX composite continued its rally Friday, rising more than 120 points and closing above 20,000 points for the first time since late August, while U.S. markets also rose. The S&P/TSX composite index was up 121.15 points, or 0.61 per cent, at 20,111....

Source: BNN Bloomberg November 12, 2022

Wild stock spike revives is-this-the-bottom debate for third time this year

Another rousing recovery in equities and guess what: everyone wants to argue whether the bottom is in. That bulls have been wrong two times already in 2022 is doing little to tamp down the volume of the debate. Not that the optimists don’t have some new ar...

Source: Financialpost November 12, 2022

Has the Canadian housing bubble burst? That could depend on time and place

It's important, though, to set some bubble-defining parameters to get a better grip on the real estate market Some economists are proclaiming that the Canadian housing bubble has burst. Housing markets have indeed slowed considerably since thei...

Source: BNN Bloomberg November 11, 2022

U.S. core CPI slows more than forecast, gives Fed downshift room

U.S. inflation cooled in October by more than forecast, offering hope that the fastest price increases in decades are ebbing and giving Federal Reserve officials room to slow down their steep interest-rate hikes. The consumer price index was up 7.7 per cen...

Source: BNN Bloomberg November 11, 2022

TSX recap: Index posts largest day gain since April 2020

Canada's main stock index was up almost 650 points in a broad-based rally Thursday, while U.S. stock markets also rose after new data showing inflation in the United States eased in October. The S&P/TSX Composite Index was up 646.11 points, or 3.34 per cen...

Source: BNN Bloomberg November 11, 2022

Shopify on track to hit its biggest trading day gain in more than two years

E-commerce platform Shopify Inc. is on track to hit its biggest trading day gain in more than two years. The Ottawa-based company is up more than 16 per cent in mid-day trading.   Sign up to get breaking news email alerts sent directly to your inb...