Daily News

Source: BNN Bloomberg May 20, 2022

Ontario Teachers’ Pension Plan Board eyes private equity’s turf

The head of one of North America’s biggest investors in private markets wants to cut its reliance on buyout firms and do more dealmaking on his own. Jo Taylor, chief executive officer of Ontario Teachers’ Pension Plan Board, has plans for the $242 billion...

Source: BNN Bloomberg May 20, 2022

CPPIB sees tough climate for private deals with sellers wary

The head of Canada’s largest pension plan said private deals will be hard to complete as sellers resist cutting prices with equity markets tumbling.  “It’s going to be challenging probably for people to close transactions in the near term due to valuation-...

Economics Source: BNN Bloomberg May 20, 2022

'Recession is not inevitable,' Goldman says as stocks sink

US stock investors are pricing in stronger odds of a recession than are evident from positive macroeconomic indicators, according to Goldman Sachs Group Inc. strategists. “A recession is not inevitable,” Goldman strategists led by David Kostin wrote in a n...

Market Call Source: BNN Bloomberg May 20, 2022

John Hood's Top Picks: May 19, 2022

John Hood, president and portfolio manager, J.C. Hood Investment Counsel FOCUS: Options and ETFs MARKET OUTLOOK: Volatility has re-emerged in the markets due to galloping inflation, expectations as to the Fed’s response through higher rates and nuc...

FP Economy Source: Financialpost May 20, 2022

Cargojet CEO says inflation, labour shortages suggest 'almost recessionary economy'

2022 'very different picture' for freight carrier Cargojet Inc. chief executive Ajay Virmani said fuel prices and labour challenges suggest a recession is looming. We apologize, but this video has failed to load. Try refres...

Source: BNN Bloomberg May 19, 2022

Stocks suffer steepest rout in almost two years

US stocks posted the biggest daily drop in almost two years as investors assess the impact of higher prices on earnings and prospects for monetary policy tightening on economic growth. The dollar and Treasuries gained amid a pickup in haven bids. The sello...

Market Call Source: BNN Bloomberg May 19, 2022

Kim Bolton's Top Picks: May 18, 2022

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: Five months into 2022, market participants agree the world’s stock markets are in a bear market, with the broad market indices down either...

Source: BNN Bloomberg May 18, 2022

Cash hoarding hits 2001 high on investor stagflation fears

Investors are piling into cash as the outlook for global growth plunges to an all-time low and stagflation worries mount, according to a Bank of America Corp. fund manager survey that points to continued stock market declines. Cash levels among investors h...

Source: BNN Bloomberg May 18, 2022

Musk says Twitter must prove bot claims for deal to proceed

Elon Musk declared he won’t proceed with his US$44 billion takeover of Twitter Inc. unless the social media giant can prove bots make up fewer than 5 per cent of its users, casting yet more uncertainty over the deal. The billionaire tweeted “this deal cann...

Source: BNN Bloomberg May 18, 2022

U.S. stocks rally; treasury curve flattens on U.S. Fed

U.S. stocks regained session highs as investors weighed comments from U.S. Federal Reserve Chair Jerome Powell on the outlook for higher interest rates. Short-term Treasuries underperformed, extending a flattening in the yield curve. The S&P 500 rose to th...