Daily News

Source: BNN Bloomberg August 30, 2022

North American markets edge lower as investors account for hawkish U.S. Fed

North American stock markets were down slightly Monday as investors continued to adjust to the idea that inflation — as well as the efforts by central banks to curb it — is not going to go away anytime soon. "I think the old adage, 'don't fight the Fed' is...

FP Economy Source: Financialpost August 29, 2022

Justin Trudeau's hands-off approach to inflation is becoming untenable

New spending could make inflation worse, but Trudeau's low rating in opinion polls means the government is headed for a fight Prime Minister Justin Trudeau faces growing pressure to help Canadian households offset surging inflation as he meets with...

Source: BNN Bloomberg August 27, 2022

U.S. stocks sink into close with hawkish Fed chorus

Stocks tumbled as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. The rout deepened in afternoon New York trading...

Source: BNN Bloomberg August 27, 2022

Global traders cancel happy hour, brace for Powell in late-night watch

From cancelling Friday night trips to the pub to pushing back soccer practice, global investors are pulling out all the stops to ensure they’re ready for the most important gathering of central bankers this year. Min Gyeong-won is taking no chances as the...

Source: BNN Bloomberg August 27, 2022

TSX recap: Canadian stock market down sharply after Powell speech

North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation. The S&P/TSX composite index was...

Market Call Source: BNN Bloomberg August 27, 2022

Michael Hakes' Top Picks: August 26, 2022

Michael Hakes, senior portfolio manager, The Murray Wealth Group FOCUS: U.S. and global stocks  MARKET OUTLOOK: The mood in the markets has become increasingly tense as investors continue to decipher how hawkish the U.S. Federal Reserve will be for...

Source: BNN Bloomberg August 27, 2022

Jerome Powell warns interest rates are going to stay high

Federal Reserve Chair Jerome Powell signalled the U.S. central bank is likely to keep raising interest rates and leave them elevated for a while to stamp out inflation, and he pushed back against any idea that the Fed would soon reverse course. “Restoring...

Source: BNN Bloomberg August 27, 2022

Bull cases were coming true before Powell warnings wallop stocks

Something strange happened to the stock bull’s best arguments as the market slumped to its worst week since June: They turned out to be right. Corporate America is enjoying the fattest profit margins in seven decades. Consumers, still flush with cash, rema...

Source: BNN Bloomberg August 26, 2022

U.S. stocks undaunted by hawkish drumbeat before Powell

Stocks rallied and bond yields fell, with traders awaiting Jerome Powell’s keynote for clues on how much further the Federal Reserve will pump the brakes on the economy to bring inflation back under control. The S&P 500 closed near session highs, trimming...

Company News Source: BNN Bloomberg August 26, 2022

Bondholders group says Rogers M&A debt extension fee too low

Rogers Communications Inc. is facing opposition from some creditors over its plans to extend the deadline to wrap up the purchase of a smaller rival. The Toronto-based cable and wireless firm is seeking approval from investors holding US$9.35 billion of ei...