Daily News

Source: BNN Bloomberg July 07, 2022

Stocks rise after traders parse data, U.S. Fedspeak

US stocks rose for the third straight day as investors parsed economic data that hinted at slightly slower growth, prompting some to brush off the hawkish stance that the Federal Reserve reiterated in its June meeting minutes as outdated.  The S&P 500 ende...

Market Call Source: BNN Bloomberg July 07, 2022

Mike Archibald's Top Picks: July 6, 2022

Mike Archibald, vice president and portfolio manager, AGF Investments FOCUS: Canadian equities MARKET OUTLOOK: It has been a very challenging first half for almost all asset classes – both stocks and bonds registered two consecutive quarters of neg...

FP Economy Source: Financialpost July 07, 2022

Canada's trade surplus just blew away expectations

Highest since 2008 on surging oil prices Canada’s merchandise trade surplus widened to the largest in 14 years as the nation benefits from surging global prices for its crude oil. We apologize, but this video has failed to...

FP Economy Source: Financialpost July 07, 2022

RBC first to forecast Canada will fall into recession in 2023

Contraction expected to be moderate and short-lived Economists with the Royal Bank of Canada are predicting the country will head into a moderate and short-lived recession in 2023 as inflation, historic labour shortages and rising interest rates dr...

Source: BNN Bloomberg July 06, 2022

Adele license fees to help fund US$335M of bonds

Investors bet on the popularity of music from artists ranging from Adele to Neil Diamond to Rosanne Cash as they bought up bonds backed by licensing their catalogues.  Performing-rights organization SESAC, which licenses music to radio, television and film...

Source: BNN Bloomberg July 06, 2022

TSX pares losses even as oil falls below US$100 per barrel mark

Canada’s main stock index pared back some of its losses on Tuesday to close 194.70 points lower at 18,834.16. Earlier in the trading session, the index fell nearly 400 points as energy stocks dragged the broader market. Athabasca Oil Corp., Precision Dr...

Market Call Source: BNN Bloomberg July 06, 2022

Jason Del Vicario's Top Picks: July 5, 2022

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks MARKET OUTLOOK: Equity markets have continued to be volatile through the second quarter. Bonds have also been weak; b...

Source: BNN Bloomberg July 06, 2022

Tech helps stocks pare losses; Bonds rally

US stocks came off session lows, buoyed by gains in technology companies, though sentiment remains sour as recession fears continue to grip the market. Treasuries gained and oil tumbled. The S&P 500 pared losses after dropping more than 2 per cent, as easi...

Source: BNN Bloomberg July 06, 2022

Why now may be the wrong time to write off the 60/40 portfolio

The classic 60/40 portfolio, where investments are split 60 per cent in stocks and 40 per cent in bonds, has taken a beating this year as both asset classes have plunged.  But now may be “precisely the wrong time to steer a new path” and abandon the balanc...

Source: BNN Bloomberg July 05, 2022

ECB to adjust corporate bond holdings to reflect climate risk

The European Central Bank plans to rejig its corporate bond portfolio to favor issuers that pollute less, marking its most significant shift yet to weave environmental considerations into monetary policy.  The ECB will reinvest “the sizeable redemptions ex...