Daily News

Source: BNN Bloomberg June 28, 2022

Canadian banks face higher scrutiny as they expand in U.S.

Canadian banks looking to expand in the U.S. through acquisitions are facing increased scrutiny from regulators and politicians along with renewed attention on past disputes. Both TD Bank and BMO are working to close big deals there, TD with a US$13.4 bill...

Source: BNN Bloomberg June 28, 2022

Vermilion rallies amid upgrade on European natural gas exposure

Analysts at Scotiabank have upgraded Vermilion Energy Inc. on the basis that rising European natural gas prices and a declining stock price should set the company up for higher cash flow and a more attractive valuation. Given [Vermilion’s] share price has...

Source: BNN Bloomberg June 28, 2022

TSX gains nearly 200 points to continue Friday's move higher

Energy and commodities led Canada's main stock index to continue its upward climb, however U.S. stock markets dipped after posting their best week since 2020. The energy sector was bolstered by a rise in crude oil prices as Europe is preparing to impose ad...

Source: BNN Bloomberg June 28, 2022

Meta plunge lures value buyers as growth funds flee

For years, investors valued Facebook’s parent company as if its growth would never falter. Now that it has, fund managers who buy cheap, out-of-favor stocks are finally getting a chance to own shares of Meta Platforms Inc.  Stock pickers at value firms Dod...

Market Call Source: BNN Bloomberg June 28, 2022

Mike Philbrick's Top Picks: June 27, 2022

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: Inflation Shock to Growth Shock – This May Not Get Easier There are four economic regimes created by two dynamics: growth and inflati...

Source: BNN Bloomberg June 28, 2022

BMO cuts Bombardier price target amid macro uncertainty

BMO Capital Markets lowered its 12-month price target for Bombardier Inc. on the premise that “high financial leverage and heightened macro uncertainty have weighed on [its] valuation.” In a note to clients on Sunday, Analyst Fadi Chamoun reduced his price...

FP Economy Source: Financialpost June 27, 2022

Inflation drives Canadian consumer confidence to crisis-era lows

Canada’s households are beginning to buckle amid the weight of rising prices, higher interest rates and a housing correction Canadian consumer confidence levels have fallen to near crisis-era lows in an ominous sign for the nation’s economic outloo...

FP Economy Source: Financialpost June 26, 2022

Canada has a path to 'soft landing,' Freeland says

A severe recession can be avoided, Freeland told CBC Finance Minister Chrystia Freeland on Sunday said Canada still has a path to a “soft landing,” where it could stabilize economically after the blow by the COVID-19 pandemic, without facing a seve...

Source: BNN Bloomberg June 25, 2022

U.S. stocks roar back with best week in a month

US stocks rebounded this week from a rout that drove the market down for three straight weeks after recent comments from Federal Reserve officials buoyed sentiment and a reading on inflation expectations eased. The S&P 500 gained more than 3 per cent Frida...

Market Call Source: BNN Bloomberg June 25, 2022

Brendan Caldwell's Top Picks: June 24, 2022

Brendan Caldwell, president and CEO, Caldwell Investment Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Heading into 2022, a concoction of headwinds created the perfect storm for equity markets and the ensuing sell-off has led mo...