Daily News

The pound pared its losses against the dollar, which at one point saw it hit a record low, amid speculation the Bank of England will respond to the sharp moves in markets in the wake of the UK government’s plans to cut taxes and ramp up borrowing. Sterling...

The Bank of England’s attempts to calm financial nerves proved underwhelming as Andrew Bailey’s pledge to change interest rates “by as much as needed” to get control of soaring inflation sparked a fresh wave of selling in the pound. After a day that saw st...

Canada's main stock index ended down Monday on widespread losses driven by rising concerns about economic growth that also pushed U.S. markets lower. "It’s down right across the board, all the major indexes, the Canadian dollar, gold, oil, pretty much you...

David Burrows, president and chief investment strategist, Barometer Capital Management FOCUS: North American Large Caps MARKET OUTLOOK: In our early summer visit, we stated that it appeared June 24th marked an important low for equity markets and r...

Monday brought a stark warning for Wall Street daredevils: Stocks are still in free fall and bearish sentiment is far from getting exhausted -- especially with hawkish central bankers rattling recession-obsessed markets like this. The S&P 500 just sank to...

A selloff in the riskier corners of the market deepened as the U.K.’s plan to lift its economy fuelled concerns about heightened inflation that could lead to higher rates, adding to fears of a global recession. It was a sea of red across equity trading des...

Nations are being forced to go it alone in erecting defenses against the relentless strength of the almighty greenback, with no sign that governments are willing to act in concert. Fueled by hawkish Federal Reserve policy, US economic strength and investor...

Rising fears around future economic growth weighed heavily on markets Friday, pushing Canada's main stock index sharply down along with the commodities that underpin so much of it, while U.S. markets also dropped. The S&P/TSX composite index ended down 521...

Investors are flocking to cash and shunning almost every other asset class as they turn the most pessimistic since the global financial crisis, according to Bank of America Corp. strategists. Cash had inflows of US$30.3 billion, while global equity funds s...

Goldman Sachs Group Inc. slashed its year-end target for the S&P 500 Index to 3,600 from 4,300, arguing that a dramatic shift in the outlook for interest rates moving higher will weigh on valuations for US equities. The higher interest-rate scenario in Gol...