Daily News

Source: BNN Bloomberg October 08, 2022

Investors fleeing to cash like it's 2020, BofA strategists say

Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of America Corp. strategists. Even as major benchmarks bounced off last month’...

Market Call Source: BNN Bloomberg October 08, 2022

JoAnne Feeney's Top Picks: October 7, 2022

JoAnne Feeney, partner and portfolio manager, Advisors Capital Management FOCUS: U.S. equities MARKET OUTLOOK: Economies are facing significant, coordinated, global risks (war, China’s zero-COVID policy, shortages, inflation, rates, energy) so vola...

Source: BNN Bloomberg October 07, 2022

U.S. stocks slide with anxiety running high before jobs

The stock market found little encouragement to sustain any rebound attempt on the eve of the all-important U.S. jobs report, with major benchmarks finishing solidly lower on Thursday. Aside from the anxiety that usually precedes those numbers, traders had...

Source: BNN Bloomberg October 07, 2022

Vanguard sees corporate bonds facing pressure as Fed takes toll

Vanguard Group Inc. expects the U.S. corporate-bond market to come under increased pressure this year as rising interest rates rattle investors and threaten businesses’ profits.  Arvind Narayanan, a senior portfolio manager and co-head of investment-grade...

Source: BNN Bloomberg October 07, 2022

7 reasons Bank of America thinks the TSX will outperform the S&P 500

Bank of America is striking a bullish tone on the prospects for the S&P/TSX Composite Index, staking an argument Toronto’s benchmark will outperform the S&P 500 over the course of the next decade. In a note to clients, Bank of America outlined seven reasons i...

Market Call Source: BNN Bloomberg October 07, 2022

Gordon Reid's Top Picks: October 6, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Good riddance to September 2022, the worst September performance in U.S. equity markets since 2008. The quarter was a wild ride, re...

Source: BNN Bloomberg October 07, 2022

TSX recap: Index closes trading day down 1.33%

Canada's main stock index ended down along with U.S. markets as central bank leaders emphasize the need to raise rates, while oil prices and energy stocks rose in reaction to news of production cuts by OPEC plus. The S&P/TSX Composite Index closed down 256...

Source: BNN Bloomberg October 07, 2022

Eric Nuttall says he is '100% invested right now' amid OPEC+ production cut

Amid volatility in oil markets, Eric Nuttall, a partner and senior portfolio manager at Ninepoint Partners, said his fund is not holding any cash and is fully invested.  Despite the recent drawdown in energy stocks, Nuttall said in a television interview T...

Source: Financialpost October 07, 2022

TFSA rules land two more taxpayers in hot water with the CRA

Jamie Golombek: The cases involved an overcontribution and the constitutionality of the TFSA's 100-per-cent advantage tax Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commissio...

FP Economy Source: Financialpost October 07, 2022

Canada's unemployment rate drops to 5.2%: What you need to know

Employment was little changed, but wages rose 5.2 per cent from last year Canadian employment was little changed in September from the previous month, and the unemployment rate dropped to 5.2 per cent, albeit because fewer people told Statistic...