Daily News

FP Economy Source: Financialpost September 20, 2022

Wage hikes not keeping up with inflation amid record-high job vacancies

There were nearly one million unfilled positions in the second quarter Job vacancies hit a record in the second quarter of 2022, but employers struggling to fill those empty positions still offered wage increases that were lower than the rate o...

FP Economy Source: Financialpost September 20, 2022

Breaking down Canada's inflation numbers

Watch: Financial Post's Stephanie Hughes explains what the latest reading means to Canadians Stephanie Hughes, finance reporter for the Financial Post, fills you in on everything you need to know about August’s inflation data, which eased for t...

FP Economy Source: Financialpost September 20, 2022

Inflation cools more than expected in Canada, but concerns remain

Second month in a row inflation has slowed Canada’s headline inflation rate cooled for the second month in a row in August, running at an annualized pace of 7.0 per cent that was lower than economists’ expectations of 7.3 per cent and down from...

FP Economy Source: Financialpost September 19, 2022

Inflation has likely slowed, but economists warn we're not out of the woods yet

Core prices are still bubbling up and will likely not peak until later this year Economists at Canada’s biggest banks believe the country’s inflation rate cooled for the second month in a row in August, with consensus expectations from Bloomber...

Source: BNN Bloomberg September 17, 2022

TSX today: Composite index falls 0.89%, ending a volatile trading week

North American markets ended the trading week in the red, with Canada's main stock index down more than 170 points and U.S. stock markets falling amid inflation worries and a stark warning from FedEx about worsening trends in the economy. The S&P/TSX Compo...

Market Call Source: BNN Bloomberg September 17, 2022

Eric Nuttall's Top Picks: September 16, 2022

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks MARKET OUTLOOK: Despite the recent selloff in oil driven by rising fears of a global recession and the potential impact on demand, we remain in a multi-year...

Source: BNN Bloomberg September 17, 2022

U.S. stocks sink in worst week since bottoming in June

Stocks fell, capping the worst week since the market hit its low for the year in June, as FedEx Corp.’s warning added to growing concern over outsized Federal Reserve interest-rate hikes. The S&P 500 fell for a third day this week, down close to 5 per cent...

Source: BNN Bloomberg September 17, 2022

Meta, Nvidia pummeled in Nasdaq 100's worst week in 8 months

Investors betting that the worst is over for battered technology stocks got a painful reminder this week that there’s more gloom in store. The Nasdaq 100 Stock Index sank 5.8 per cent in its worst week since January, after an inflation report on Tuesday su...

Source: BNN Bloomberg September 16, 2022

S&P 500 extends slide to lowest level since July

US stocks fell and Treasury yields climbed after the latest batch of economic data did little to dial back expectations for the Federal Reserve’s next move. The S&P 500 extended declines to close at the lowest level since July 18. It ended just above 3,900...

Market Call Source: BNN Bloomberg September 16, 2022

Rick Stuchberry's Top Picks: September 15, 2022

Rick Stuchberry, senior portfolio manager, Wellington-Altus Private Wealth FOCUS: North American large caps and global ADRs MARKET OUTLOOK: In July, we said that the markets wanted to know when this would be over and we think more evidence is emerg...