Daily News

Source: BNN Bloomberg July 28, 2022

Traders who bet on friendlier Fed are about to see if they're right

The biggest stock-bond rally in more than two decades has just raised the ante for investors betting Jerome Powell will send somewhat dovish signals at Wednesday’s high-stakes policy decision.  Since the Federal Reserve last raised interest rates in mid-Ju...

Source: BNN Bloomberg July 28, 2022

'Sigh of relief' yet pressures remain: Wall Street reacts to Fed

The Federal Reserve delivered its expected rate increase and then basically told markets they are on their own when it comes to determining what’s next. Stock bulls took that as a reason to celebrate. Chair Jerome Powell said the central bank won’t offer e...

FP Economy Source: Financialpost July 28, 2022

Canadian job vacancies climb to fresh record, signalling inflation pressure

There were 1,005,700 positions unfilled at the beginning of May — 42% higher than a year ago Job vacancies, an economic indicator that Bank of Canada governor Tiff Macklem is watching closely, climbed to a record in May, as employers continue to st...

Source: BNN Bloomberg July 27, 2022

U.S. stocks drop before Fed; QQQ climbs in late trading

Stocks slumped after paltry economic figures and a weaker outlook from the world’s largest retailer underscored the impacts of inflation pressures on consumer spending, with recession fears running rampant as the Federal Reserve gets ready to deliver another...

Source: BNN Bloomberg July 27, 2022

TSX recap: Retail stocks drop after Shopify spooks investors

Shopify Inc.’s stock decline weighed heavily on the S&P/TSX Composite Index on Tuesday as a round of layoffs at the Canadian tech giant added to investor worries about the economy. The Canadian benchmark index closed 131.80 points lower, or 0.69 per cent,...

Source: BNN Bloomberg July 27, 2022

'Panicky money': Investors move $10.4B out of Canadian mutual funds in June

Canadian mutual funds posted net redemptions of $10.4 billion in June as investors headed for the exits amid market volatility. That’s an acceleration from May, when a net $6.4 billion was pulled from mutual funds. The latest data from The Investment Funds...

Company News Source: BNN Bloomberg July 27, 2022

UPS shares sink as delivery volume drops more than expected

United Parcel Service Inc.’s package deliveries declined more than expected during the second quarter, driving the shares down even as higher prices helped boost sales and profit.  Average daily package volume fell 4 per cent in the US and more than 13 per...

Market Call Source: BNN Bloomberg July 27, 2022

Lorne Steinberg's Top Picks: July 26, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: Over the past few months, virtually every asset class has declined, including stocks, bonds and real estate. The war in Uk...

Source: BNN Bloomberg July 26, 2022

Booming ETFs that worry Wall Street watchdogs rake in billions

Traders are splurging billions of dollars on “complex” ETFs to ride out the crushing bear market across assets -- just as Wall Street watchdogs threaten intrusive measures to limit retail participation.  Issuers including ProShares Advisors LLC, Direxion a...

Source: BNN Bloomberg July 26, 2022

Energy helps lift TSX; U.S. markets muted ahead of Fed, earnings

Canada’s benchmark stock index got a lift Monday as strength in energy and financial stocks offset weakness in the resource-heavy materials and technology sectors. The S&P/TSX Composite Index closed 121.56 points higher, or 0.64 per cent, to 19,104.48, wit...