Daily News

FP Economy Source: Financialpost July 08, 2022

Canada's jobless rate drops to record low of 4.9%: What you need to know

Kevin Carmichael: It feels like Canada is entering a new phase of persistently strong demand for workers Canada’s red-hot labour market cooled a little in June. It’s now only historically hot. Here’s what you need to know:...

Source: BNN Bloomberg July 07, 2022

Betting against tech is finally a winning trade as short sellers sit on US$20B profit

Betting against tech has become a winning trade, with short sellers sitting on billions in paper profits as growth stocks slump. A historic rout in the so-called FAANG cohort -- Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc....

Source: BNN Bloomberg July 07, 2022

TSX bounces, U.S. markets rise as investors brush off Fed minutes

Canada’s main stock index climbed off its intraday low and U.S. markets ended in positive territory as investors brushed off the latest U.S. Federal Reserve minutes that showed officials advocated for a further rise in interest rates. The S&P/TSX Composite...

Source: BNN Bloomberg July 07, 2022

Stocks rise after traders parse data, U.S. Fedspeak

US stocks rose for the third straight day as investors parsed economic data that hinted at slightly slower growth, prompting some to brush off the hawkish stance that the Federal Reserve reiterated in its June meeting minutes as outdated.  The S&P 500 ende...

Market Call Source: BNN Bloomberg July 07, 2022

Mike Archibald's Top Picks: July 6, 2022

Mike Archibald, vice president and portfolio manager, AGF Investments FOCUS: Canadian equities MARKET OUTLOOK: It has been a very challenging first half for almost all asset classes – both stocks and bonds registered two consecutive quarters of neg...

FP Economy Source: Financialpost July 07, 2022

Canada's trade surplus just blew away expectations

Highest since 2008 on surging oil prices Canada’s merchandise trade surplus widened to the largest in 14 years as the nation benefits from surging global prices for its crude oil. We apologize, but this video has failed to...

FP Economy Source: Financialpost July 07, 2022

RBC first to forecast Canada will fall into recession in 2023

Contraction expected to be moderate and short-lived Economists with the Royal Bank of Canada are predicting the country will head into a moderate and short-lived recession in 2023 as inflation, historic labour shortages and rising interest rates dr...

Source: BNN Bloomberg July 06, 2022

Adele license fees to help fund US$335M of bonds

Investors bet on the popularity of music from artists ranging from Adele to Neil Diamond to Rosanne Cash as they bought up bonds backed by licensing their catalogues.  Performing-rights organization SESAC, which licenses music to radio, television and film...

Source: BNN Bloomberg July 06, 2022

TSX pares losses even as oil falls below US$100 per barrel mark

Canada’s main stock index pared back some of its losses on Tuesday to close 194.70 points lower at 18,834.16. Earlier in the trading session, the index fell nearly 400 points as energy stocks dragged the broader market. Athabasca Oil Corp., Precision Dr...

Market Call Source: BNN Bloomberg July 06, 2022

Jason Del Vicario's Top Picks: July 5, 2022

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks MARKET OUTLOOK: Equity markets have continued to be volatile through the second quarter. Bonds have also been weak; b...