Daily News

The recent underperformance in the energy sector has led one analyst to make a bullish call on the industry.    "We see this pullback as an attractive opportunity," Manav Gupta, an analyst at Credit Suisse, wrote to clients in a note on Tuesday.    Over th...

A rout in big tech weighed heavily on stocks, with gains in the broader market sputtering as a report showed Americans grew more downbeat about prospects for the economy. Traders got another reality check Tuesday after a worrisome reading on consumer confi...

A tentative victory for a Federal Reserve under constant attack: Inflation bets on Wall Street are cooling from historic highs at long last.  Bond-derived expectations for price growth over the next decade are falling, the value stock boom is reversing and...

Analysts at Scotiabank cut their 12-month price target for Air Canada amid a delayed economic restart after historic COVID-19 restrictions that could protect Canadian airlines.  Scotiabank Analysts Konark Gupta and Amina Djirdeh reduced the airline's stock...

Stocks fell after last week’s powerful rally, with investors rebalancing their portfolios in the final days of the quarter. At the start of a week expected to be marked by fickleness and lack of conviction on a market trough, the S&P 500 had a hard time fi...

One of Wall Street’s most prominent bears sees the current rally in US stocks extending -- prior to the selloff recommencing. Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5 per cent to 7 per cent, before resuming...

Goldman Sachs Group Inc. analysts downgraded Coinbase Global Inc. to a sell rating as the crypto winter continues to take its toll on the struggling digital currency exchange. Shares of the firm slumped 11 per cent to US$55.96 on Monday, extending their de...

Canadian banks looking to expand in the U.S. through acquisitions are facing increased scrutiny from regulators and politicians along with renewed attention on past disputes. Both TD Bank and BMO are working to close big deals there, TD with a US$13.4 bill...

Analysts at Scotiabank have upgraded Vermilion Energy Inc. on the basis that rising European natural gas prices and a declining stock price should set the company up for higher cash flow and a more attractive valuation. Given [Vermilion’s] share price has...

Energy and commodities led Canada's main stock index to continue its upward climb, however U.S. stock markets dipped after posting their best week since 2020. The energy sector was bolstered by a rise in crude oil prices as Europe is preparing to impose ad...