Daily News

Real Estate Source: BNN Bloomberg July 29, 2022

Analyst urges 'caution and patience' on alternative lending stocks

The rapidly-changing dynamics of the mortgage market have pressured alternative lending stocks this year, leading one analyst to warn there could be more room for their share prices to continue falling in the coming months. “While these depressed levels ma...

FP Economy Source: Financialpost July 29, 2022

Canadian economy stalls, but avoids contraction in May

Growth in services-producing industries was offset by a decline in goods-producing industries Canada’s economic expansion showed signs of moderation in May and June, pulling back from a strong start to the year in the face of high inflation and ris...

Source: BNN Bloomberg July 28, 2022

TSX recap: Shopify drags as job cuts spook 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 28, 2022

U.S. tech roars in post-Fed rally as bond yields slump

Stocks rallied and Treasury yields fell with the dollar as Jerome Powell said the Federal Reserve will slow the pace of rate increases at one point, while adding that officials would refrain from offering “clear guidance” on the magnitude of their next move....

Source: BNN Bloomberg July 28, 2022

Shopify leads TSX rally; U.S. stocks rise as rate-hike bets ease

North American markets accelerated to the upside Wednesday as investors dialled back expectations for future U.S. Federal Reserve interest rate hikes and continued to digest a barrage of corporate earnings. The S&P/TSX Composite Index closed 281.88 points...

Market Call Source: BNN Bloomberg July 28, 2022

Stan Wong's Top Picks: July 27, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: Equity markets have recovered somewhat with the S&P 500 Index climbing about eight per cent from its June intraday lows. While it is...

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...