Daily News

Source: BNN Bloomberg August 20, 2022

OMERS reports 0.4 per cent portfolio loss in first half of 2022

OMERS says it generated a net investment return of negative 0.4 per cent, or a loss of about $500 million, for the first six months of the year amid wider market turmoil. The pension fund manager says the first half of the year was "extraordinarily difficu...

Source: BNN Bloomberg August 20, 2022

'Very few fear Fed': BofA says cash flooding into stocks, bonds

Investors continued piling into stocks and bonds, dismissing the risk of a more aggressive Federal Reserve as they expect it to ease the pace of rate hikes while inflation pulls back from its peak, according to Bank of America Corp. strategists. Global equ...

Technology Source: BNN Bloomberg August 20, 2022

Bitcoin drops to three-week low as global markets turn risk off

(Bloomberg) -- Cryptocurrencies suffered a sharp selloff as global markets retreated after US Federal Reserve officials reiterated their resolve to keep raising interest rates until inflation is contained.  Bitcoin, the largest virtual coin by market capitali...

Market Call Source: BNN Bloomberg August 20, 2022

James Telfser's Top Picks: August 19, 2022

James Telfser, partner and portfolio manager at Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK: After a record-setting selloff to start the year, risk markets have found solid footing and have staged an impressive rally. I...

Source: BNN Bloomberg August 19, 2022

U.S. stocks rise as dip buyers emerge in seesaw session

US stocks ended the day higher after swinging between modest gains and losses as mixed economic and earnings reports failed to spark a broad conviction trade. The dollar and bonds also rose. The S&P 500 rose 0.2 per cent, in a session marked volumes holdin...

Source: BNN Bloomberg August 19, 2022

TSX recap: Rising oil prices boost energy stocks

Canada’s benchmark stock index finished the trading day higher on Thursday as energy stocks benefited from rising oil prices. The S&P/TSX Composite Index closed up 83.93 points, or 0.42 per cent, to 20,265.37. The subgroups that added the most points to...

Market Call Source: BNN Bloomberg August 19, 2022

Michael Sprung's Top Picks: August 18, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks MARKET OUTLOOK: Through the first half of 2022, stock and bond markets suffered the worst six months since 1970. Since the end of June, the market has recovere...

FP Economy Source: Financialpost August 19, 2022

Child care is getting cheaper, but it's not the inflation buster Ottawa says it is

A reduction in child-care fees isn't big enough to offset surging fuel, food and shelter costs Prime Minister Justin Trudeau’s overhaul of child care appears to be delivering on its promise to lower costs, providing a rare source of disinflation am...

Source: BNN Bloomberg August 18, 2022

U.S. stocks retrench after Fed as tech resumes selloff

US stocks fell for the first time in four days as investors assessed the outlook for the path of interest-rate hikes after minutes from the Federal Reserve’s last meeting noted officials saw risks from tightening more than necessary.  The S&P 500 Index end...

Source: BNN Bloomberg August 18, 2022

TSX recap: Materials, financials and tech drag down index

Canada’s benchmark stock index was under pressure Wednesday as materials, financial and tech equities weighed. The S&P/TSX Composite Index closed down 88.52 points, or 0.44 per cent, to 20,181.44. Shopify Inc., TC Energy Corp. and Agnico Eagle Mines Ltd...