Daily News

Source: BNN Bloomberg June 25, 2022

Market is shredding all the time-tested ways to chart its course

Options insurance. Hedging with Treasuries. Using sentiment to pick a bottom. The things that have lessened the pain of past equity selloffs are coming up short this time around. Case in point this week, with its forceful pivot from multimonth lows. Sudden...

Source: BNN Bloomberg June 24, 2022

U.S. equities gain as traders parse Fedspeak

US stocks rose and Treasuries rallied as weaker-than-forecast data and a renewed hawkish tone from Federal Reserve officials ratcheted up worries the economy is headed for a recession. The S&P 500 resumed gains on Thursday, ending the day up nearly 1 per c...

Source: BNN Bloomberg June 24, 2022

Recession fears plunge Canadian banks into 20% drop from record

Canadian banks fell about 20 per cent from their record high set in early February as recession fears send investors fleeing. The S&P/TSX Commercial Banks Index, which tracks the country’s eight largest lenders, dropped Thursday, adding to another day of l...

Company News Source: BNN Bloomberg June 24, 2022

CPP Investments looks global but no immediate plans to invest in Ukraine rebuild: CEO

Canada's largest pension fund manager says it will continue to look for investment opportunities around the world but has no current plans to help with Ukraine's eventual reconstruction once the war with Russia ends. "We never close the door to an investme...

Source: BNN Bloomberg June 24, 2022

Traders are stockpiling the most cash in a decade: JPMorgan

In the view of JPMorgan Chase & Co. strategists, the reason why this may be the end of the bear market is that investors are holding way too much cash.  Nikolaos Panigirtzoglou estimates that cash levels are close to 40%, the highest level in a decade. JPM...

Market Call Source: BNN Bloomberg June 24, 2022

Stan Wong's Top Picks: June 23, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: With U.S. inflation hitting a 40-year high of 8.6 per cent in the twelve months through May, equity market volatility continues to be...

FP Economy Source: Financialpost June 24, 2022

Job vacancies in Canada surge to new high: What you need to know

Unfilled positions up 45% from a year ago The number of job vacancies in Canada surpassed one million, a new record, in April, as the country’s labour market continued to heat up. Here’s what you need to know: We apologize,...

FP Economy Source: Financialpost June 24, 2022

Poll suggests Canadians' confidence in Bank of Canada shaken by surging inflation

Poll finds more than 40% don't trust bank to get job done Inflation has soared to a near 40-year high, but Canadians’ confidence that the Bank of Canada will be able to rein it in is shaky, according to a new poll. We apolo...

Source: BNN Bloomberg June 23, 2022

Stocks snap rally as recession fears mount

US stocks slumped after Federal Reserve Chair Jerome Powell reiterated his commitment to curb inflation and acknowledged the risk of recession, even as some traders now expect the central bank to closely monitor the impact of its rate hikes on the economy....

Source: BNN Bloomberg June 23, 2022

Brookfield props up a Canadian M&A market now beating the U.S.

Brookfield Asset Management Inc. is single-handedly propping up the Canadian market for mergers and acquisitions, accounting for almost a third of the country’s deals this year and providing all the growth that has led the nation to outperform the US. Toro...