Daily News

Source: BNN Bloomberg June 22, 2022

Stocks surge after US$2T wipeout; Bonds fall

US equities rebounded Tuesday after last week’s rout erased nearly US$2 trillion from the S&P 500. Treasuries retreated. The S&P 500 added 2.4 per cent, led by energy and consumer discretionary shares, while the tech-heavy Nasdaq 100 surged 2.5 per cent fo...

Market Call Source: BNN Bloomberg June 22, 2022

Lorne Steinberg's Top Picks: June 21, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: The high level of inflation has lasted longer than anticipated, resulting in aggressive rate hikes by the Federal Reserve...

Source: Bankofcanada June 22, 2022

Deputy Governor Timothy Lane to Retire from the Bank of Canada

The Bank of Canada announced today that Deputy Governor Timothy Lane will retire on September 16, 2022. Mr. Lane joined the Bank in August 2008 as an Advisor to the...

Executive Summary Source: Financialpost June 22, 2022

Posthaste: Canadians are giving up on retiring anytime soon as inflation soars

It's much too expensive to retire right now, older Canadians say Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

FP Economy Source: Financialpost June 22, 2022

Inflation surges to 7.7%, fastest since 1983: What Canadians need to know

Kevin Carmichael: The Bank of Canada is staring down the most dangerous burst of inflation since it started targeting CPI Canada’s consumer price index increased 7.7 per cent in May from a year earlier, the fastest since 1983, Statistics Canada rep...

FP Economy Source: Financialpost June 22, 2022

High inflation 'is keeping us up at night,' says Bank of Canada senior deputy governor

Carolyn Rogers does not rule out 75-basis-point hike in July The Bank of Canada’s senior deputy governor said inflation is keeping the central bankers “up at night” and did not rule out a three-quarter point hike after data revealed CPI has hit a n...

Source: BNN Bloomberg June 21, 2022

U.S. futures gain with European stocks; Dollar slips

US index futures staged a rebound on Monday along with stocks in Europe as investors weighed whether last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. S&P 500 contracts advanced about 1.1 per cent after the...

Source: BNN Bloomberg June 21, 2022

Bitcoin holds above US$20,000 after week of forced crypto selling

Cryptocurrencies showed tentative signs of recovering from last week’s rout, with tokens like Avalanche gaining and Bitcoin holding above US$20,000. Avalanche advanced as much as 9.7 per cent, leading gains among altcoins like Chainlink, Polkadot and Polyg...

Source: BNN Bloomberg June 21, 2022

'Good upside' in MTY, Tim Hortons' parent: Portfolio manager

Some of Canada’s most well-known names in the fast-food world could be buying opportunities as they regain their footing post-pandemic, according to one portfolio manager. Jean-François Tardif, the founder and portfolio manager at Timelo Investment Managem...

Source: BNN Bloomberg June 21, 2022

Bankers see tumult paving rocky road for Canada equity deals

Two top Canadian investment bankers predict that this year’s dearth of initial public offerings and other share sales will persist until central banks show progress fighting inflation and quelling market volatility. Concerns that runaway inflation will pro...