Daily News

The unraveling of the latest meme stock frenzy is accelerating as bad news for one of the most popular retail-trader favorites piles up and investors dump riskier assets.  Bed Bath & Beyond Inc. tumbled 16 per cent, marking a now three-day drop that’s eras...

A sobering tone took over Wall Street after a rally that added US$7 trillion to the stock market, with traders bracing for hawkish rhetoric from Federal Reserve officials at the Jackson Hole retreat later this week. Equities saw their worst rout in two mon...

Canada’s largest stock index saw another day of triple-digit losses Monday, as U.S. markets also suffered a significant pullback against the backdrop of ongoing inflation fears. The S&P/TSX composite index was down 136.46 points at 19,974.92. Riskier secto...

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks MARKET OUTLOOK: Is this latest move up in the markets a new uptrend or a bear market bounce?  The indicators that we follow continue to be mix...

Canada’s six largest banks are expected to report their first decline in earnings in two years as rising economic pessimism spurs them to stockpile more capital to protect against potential loan losses. Net income for the country’s six largest lenders is e...

Hedge funds are unleashing record bets that the Federal Reserve will stick to its hawkish script as they rapidly position for higher interest rates in a key corner of the derivatives market.  The group has collectively placed a big short across futures ref...

Last year, five US professors opened two brokerage accounts and placed identical orders to test an algorithm. The next day, one was down by US$150. The other was up US$12. They discovered it wasn’t a one-time anomaly. Over more than five months, the aca...

Stocks fell as short-sellers resurfaced and investors turned cautious after Federal Reserve officials beat the drum on hiking rates. Treasury yields climbed and the dollar rose. The S&P 500 Index extended losses, heading for its biggest daily decline since...

A number of analysts are lowering their profit estimates and cutting their 12-month price targets on Canada’s Big Six banks ahead of earnings season that gets underway next week. In a note to clients on Wednesday, Canaccord analyst Scott Chan said he revis...

Canada’s benchmark stock index finished the trading day down as the financials subsector pulled Bay Street lower. The S&P/TSX Composite Index closed down 153.99 points, or 0.76 per cent, at 20,111.38. The TSX financials subgroup was the biggest under pe...