Daily News

Market Call Source: BNN Bloomberg June 15, 2022

Christine Poole's Top Picks: June 14, 2022

Christine Poole, CEO and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Consumer spending is a major source of economic growth. In the U.S., consumer spending accounts for more than two-th...

Source: BNN Bloomberg June 15, 2022

Volatility grips stocks as Treasury yields jump

Volatility continued to grip financial markets on concern the Federal Reserve’s aggressive stance to fight stubbornly high inflation will throw the world’s largest economy into a recession. After facing many twists and turns, the S&P 500 closed down for a...

Source: BNN Bloomberg June 15, 2022

Big money in stocks is in mad dash to get out of U.S. Fed's way

Despite a lot of confident predictions, nobody knows what will happen at the Federal Reserve Wednesday, never mind what the impact will be on markets. Professional investors aren’t waiting around to find out. Particularly among managers who premise strateg...

Source: BNN Bloomberg June 14, 2022

U.S. stocks' pandemic bull run ends with recession fear

US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the economy...

Source: BNN Bloomberg June 14, 2022

'Dollar ate my profit' is corporate America's lament once again

Among the cavalcade of challenges facing corporate America, from historically high inflation to the lingering effects of the pandemic, a familiar lament is beginning to dominate C-suite conversations once again: the meteoric ascent of the dollar. Microsoft...

Source: BNN Bloomberg June 14, 2022

TSX in correction, S&P 500 enters bear market as selloff deepens

The TSX composite sold off by 2.63 per cent on Monday to close at 19,742.56 points, bringing the Canadian index into correction territory -- meaning it’s down 10 per cent from its all-time high earlier this year. All 11 subgroups closed lower, led by healt...

Source: BNN Bloomberg June 14, 2022

Goldman and Morgan Stanley say stocks don’t fully reflect risks

Even after this year’s rapid selloff, equities are still not fully reflecting the vast risks facing corporate earnings and weaker consumer demand, according to strategists at Morgan Stanley and Goldman Sachs Group Inc. “The Equity Risk Premium does not ref...

Market Call Source: BNN Bloomberg June 14, 2022

Ross Healy's Top Picks: June 13, 2022

Ross Healy, chairman, Strategic Analysis Corporation; portfolio manager, MacNicol and Associates Asset Management FOCUS: North American large-cap stocks MARKET OUTLOOK: We very recently entered a confirmed bear market in the U.S. While the Nasdaq h...

Source: Bankofcanada June 14, 2022

The Bank of Canada Museum announces recipients of new Award for Excellence in Teaching Economics

OTTAWA — The Bank of Canada Museum is honouring two outstanding educators with a new award that recognizes exemplary work in teaching students about the economy. Ms...

Airlines Source: Financialpost June 13, 2022

Summer travel costs are soaring and Canadians appear happy to pay the price

The cost of getting out of Canada hasn't been this expensive in years, yet Canadians appear willing to pay the price The cost of getting out of Canada hasn’t been this expensive in years, yet Canadians appear willing to pay the price....