Daily News

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...

Market Call Source: BNN Bloomberg November 11, 2022

Ross Healy's Top Picks: November 10, 2022

Ross Healy, chairman, Strategic Analysis Corporation; portfolio manager, MacNicol & Associates Asset Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: We are in a “consensus market” where there appears to be broad agreement on a nu...

Source: BNN Bloomberg November 11, 2022

U.S. stocks skyrocket in best post-CPI day on record

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. The S&P 500 climbed 5.5 per cent for the best first-day reaction to a CPI report since at lea...

Source: BNN Bloomberg November 11, 2022

David Rosenberg says Thursday's market rally will be a brief affair

Investors should enjoy Thursday's uptick in market trading, as this positive momentum won’t continue next year, according to David Rosenberg, founder and president of Rosenberg Research.   “Enjoy today's rally, but it's probably going to be a rather brief...

Source: BNN Bloomberg November 11, 2022

Canada Pension Plan Investment Board sees net assets grow by $6B

Canada Pension Plan Investment Board saw its net assets grow to $529 billion in its second quarter, compared with $523 billion at the end of the previous quarter. Net assets grew by $6 billion compared with the previous quarter, consisting of $1 billion in...

Source: Financialpost November 11, 2022

'I got this wrong': CEOs can't stop saying sorry amid mass layoffs and job losses

Bosses, including Shopify's Tobi Lutke, are blaming themselves for misreading the market While Elon Musk is dominating headlines with his abrupt dismissal of half of Twitter’s workforce, other chief executive officers are taking a decidedly dif...

Source: Financialpost November 11, 2022

From $16 billion to zero: Fortune of FTX's Bankman-Fried wiped out in days

One of history’s greatest-ever destructions of wealth Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The entire US$1...

Work Source: Financialpost November 11, 2022

Recession or not, some Canadian employers say they're going to keep their workers

The challenge of hiring over the last few months is giving companies pause OTTAWA — Some Canadian employers say they plan to hold onto their workers even if the economy slips into a recession rather than risk not be able to rehire later, which...