Daily News

The selloff in stocks deepened after weak consumer-spending data fueled worries about a recession, with the S&P 500 suffering its cruelest first-half since Richard Nixon’s presidency. It was a rout for the history books, with the benchmark gauge down 21 pe...

This was supposed to be a blowout year for Canadian equities, benefiting from soaring commodity prices and a forceful post-pandemic rebound in consumer spending. Instead, the country’s benchmark index is slumping amid the global stock selloff, though not as b...

The stock market had a hard time finding direction on Wednesday, with traders assessing comments from central bank chiefs about the outlook for the economy and interest rates. The S&P 500 closed almost flat and above the Fibonacci 38.2 per cent retracement...

A dirty little secret in a US$1.2 trillion world of credit is getting exposed as the Wall Street rout deepens: Private debt is now the cheaper financing option for big-ticket leveraged borrowers than the ailing public market -- upending industry norms. As...

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: I think we are in a recession and therefore we should see a decline in company profits. The bear market so far has b...

Whether it’s commendable courage or a refusal to face reality, a receding stock market tide has left Wall Street analysts sitting with price predictions that will take more than a little luck to come true. Bear-market casualties from Peloton Interactive In...

Shopify Inc. shares fell after the Canadian e-commerce giant completed a 10-for-1 split of its common stock on Wednesday. It’s the latest in a parade of tech-stock splits this year as companies in the beleaguered sector attempt to drum up interest among re...

Energy and technology helped push Canada's main stock index lower as a shrunken U.S. economy last quarter and aggressive comments from Fed officials had investors worrying about weaker demand and a potential recession. The government reported Wednesday tha...

Real estate and rental sector saw the largest monthly decline outside of pandemic plunge OTTAWA — The Canadian economy grew 0.3 per cent in April, matching analyst expectations, driven largely by the oil and gas sector, but most likely contracted i...

Warns against deeper spending cuts as economy poised to slow sharply One of Canada’s biggest credit unions is warning against deeper spending cuts from Prime Minister Justin Trudeau’s government to wrestle down inflation, saying the economy is pois...