Daily News

Source: BNN Bloomberg September 24, 2022

Union boss accuses Bank of Canada of trying to curb wage demands

A group of unions representing more than 3 million employees said it’s “deeply concerned” that the Bank of Canada is encouraging companies to push down wages amid historic inflation that’s hurting workers. The Canadian Labour Congress, in a toughly worded...

Source: BNN Bloomberg September 23, 2022

Bond yields surge as rate-hiking race sinks U.S. stocks

Treasury yields hit multiyear highs and stocks fell as a parade of central banks joined the Federal Reserve in boosting rates to curb scorching levels of inflation at the expense of economic growth. Ten-year US yields hovered near 3.7 per cent, the highest...

Source: BNN Bloomberg September 23, 2022

TSX today: Composite index falls 0.95%, U.S. stock markets also lower in volatile trading

Canada's main stock index was again under pressure after the latest Federal Reserve rate decision also pushed down U.S. stocks in a volatile trading session. The S&P/TSX Composite Index closed down 181.86 points, or 0.95 per cent, at 19,002.68.  In New...

Market Call Source: BNN Bloomberg September 23, 2022

Paul Gardner's Top Picks: September 22, 2022

Paul Gardner, partner and portfolio manager, Avenue Investment Management FOCUS: REITS, fixed income and dividend stocks MARKET OUTLOOK: 2022 will continue to be challenging. The economic environment is difficult, pivoting between out-of-control in...

Source: BNN Bloomberg September 23, 2022

Investors find a lot to like in Tech, even as a market bottom remains elusive

Even as the Federal Reserve jacks up interest rates and sends technology stocks tumbling, it only gets harder to stay away from the sector.  On the one hand, there’s so much to like: The Nasdaq 100 Index is now 35 per cent cheaper than at its 2020 peak, me...

Source: BNN Bloomberg September 23, 2022

Nasdaq increases scrutiny of small-cap IPOs after big swings

Nasdaq Inc. is stepping up scrutiny of initial public offerings by small-cap companies, according to people familiar with the matter, after a series of outsized gains by new listings that quickly evaporated.  The exchange is looking more closely at prospec...

Help Wanted Source: Financialpost September 23, 2022

Kevin Carmichael: Persistent labour shortages may prove a bittersweet victory for workers

Workers will reclaim a bigger piece of the pie, but will they be any better off than when wages were being suppressed? Record job vacancies show labour is about to take its revenge. Victory might be bittersweet. We apol...

Source: BNN Bloomberg September 22, 2022

U.S. stocks roiled by crazy gyrations after hawkish Fed

Stocks saw some wild swings, with traders overwhelmed by the many headlines that followed the Federal Reserve decision and ended up signaling at least one thing: policy will remain aggressively tight -- making the odds of a soft landing look increasingly elus...

Market Call Source: BNN Bloomberg September 22, 2022

Michael Sprung's Top Picks: September 21, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Volatile markets are likely to persist for some time. The pandemic highlighted the fragility of global supply chains and put a new focus...

Source: BNN Bloomberg September 22, 2022

TSX today: Composite index falls 0.95% after hawkish Fed hike

Canada's main stock index ended down almost one per cent and U.S. stock indexes closed even lower following whipsaw trading after the U.S. Federal Reserve raised its key interest rate by three-quarters of a percentage point and signalled more sharp hikes to c...