Daily News

Source: BNN Bloomberg November 10, 2022

U.S. stocks sink on crypto, earnings woes ahead of CPI

U.S. stocks declined as disappointing earnings and renewed selling in cryptocurrencies weighed on risk sentiment ahead of a key inflation report. The dollar gained for the first time in four days.  The S&P 500 put paid to a three-day rally, with all 11 maj...

Source: BNN Bloomberg November 10, 2022

TSX today: Index finishes 1.61% lower amid weakness in energy

Canada's main stock index was down more than 300 points Wednesday with losses of more than four per cent in energy while most other sectors were also down, and U.S. markets also fell.  The S&P/TSX Composite Index was down 316.06 points, or 1.61 per cent, a...

Market Call Source: BNN Bloomberg November 10, 2022

Brian Madden's Top Picks: November 9, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Markets over the past month are bouncing amidst an ongoing cyclical downturn that began nearly a year ago for the leading techno...

Source: BNN Bloomberg November 10, 2022

Optimism on dating stocks Bumble, Match may finally be rewarded

Analysts unanimously missed the plunge in shares of Match Group Inc. and Bumble Inc. this year, and still don’t have a single sell rating on the online-dating companies. The difference is, now they have a much better chance of being proven right in their opti...

Source: BNN Bloomberg November 10, 2022

Mattea Roach, Canada's most successful 'Jeopardy!' player on investing her winnings

Canada’s most successful "Jeopardy!" player Mattea Roach said she wants to invest her winnings in sustainable companies. “Investing sustainably is something that I consider to be very important,” the Toronto-based tutor and podcast host of “The Backbench”...

Source: Bankofcanada November 10, 2022

Getting back to stable prices and a balanced jobs market

Governor Tiff Macklem discusses the relationship between inflation and employment and how the Bank of Canada is working to cool an overheated economy....

Source: Financialpost November 10, 2022

Amazon's new warehouse robot could one day replace humans

Robot is capable of identifying and handling individual items, a milestone in efforts to reduce Amazon's reliance on the human order pickers Amazon.com Inc. has developed a robot capable of identifying and handling individual items, a milestone...

Source: Financialpost November 10, 2022

Freeland promises 'more carrots' as Ottawa's moves to boost green energy called 'cumbersome'

Finance Minister faced some pointed questions at Calgary Chamber of Commerce event Ottawa will have to dangle “even more carrots” in its bid to attract capital to Canada for investments in the green energy transition amid a global race to decar...

Source: Financialpost November 10, 2022

Stocks skyrocket in best inflation day rally in more than a decade

Half point hike in December now seen as more likely than three-quarter Stocks surged in a buy-everything relief rally as slower-than-projected price growth spurred bets the Federal Reserve can downshift its aggressive rate-hike path....

Source: Financialpost November 10, 2022

Ontario Teachers' Pension reveals $95-million exposure to troubled crypto exchange FTX

FTX was a high-flyer in the crypto world before its spectacular fall this week The Ontario Teachers’ Pension Plan Board says its potential exposure to fallout from troubled cryptocurrency exchange FTX, in which a total of US$95 million was inve...