Daily News

Market Call Source: BNN Bloomberg June 23, 2022

Kim Bolton's Top Picks: June 22, 2022

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: Global stock markets have taken a pounding in the first half of 2022! It’s now hitting new lows due to Federal Reserve Chairman Jerome Pow...

Source: BNN Bloomberg June 22, 2022

Morgan Stanley, Goldman see more stock market losses

Equities have yet to fully price in the risk of a recession and may have further to fall, according to Morgan Stanley and Goldman Sachs Group Inc. strategists. Although this year’s slump in US stocks has left them more fairly priced, the S&P 500 Index need...

Source: BNN Bloomberg June 22, 2022

Wall Street gets a short-Bitcoin fund after 70% crypto collapse

Crypto bears who reckon the meltdown across digital currencies isn’t done yet are getting a new tool to bet on fresh declines. The ProShares Short Bitcoin Strategy ETF (ticker BITI) launches Tuesday, becoming the first inverse exchange-traded fund in the U...

Source: BNN Bloomberg June 22, 2022

Stocks surge after US$2T wipeout; Bonds fall

US equities rebounded Tuesday after last week’s rout erased nearly US$2 trillion from the S&P 500. Treasuries retreated. The S&P 500 added 2.4 per cent, led by energy and consumer discretionary shares, while the tech-heavy Nasdaq 100 surged 2.5 per cent fo...

Market Call Source: BNN Bloomberg June 22, 2022

Lorne Steinberg's Top Picks: June 21, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: The high level of inflation has lasted longer than anticipated, resulting in aggressive rate hikes by the Federal Reserve...

Source: Bankofcanada June 22, 2022

Deputy Governor Timothy Lane to Retire from the Bank of Canada

The Bank of Canada announced today that Deputy Governor Timothy Lane will retire on September 16, 2022. Mr. Lane joined the Bank in August 2008 as an Advisor to the...

Executive Summary Source: Financialpost June 22, 2022

Posthaste: Canadians are giving up on retiring anytime soon as inflation soars

It's much too expensive to retire right now, older Canadians say Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

FP Economy Source: Financialpost June 22, 2022

Inflation surges to 7.7%, fastest since 1983: What Canadians need to know

Kevin Carmichael: The Bank of Canada is staring down the most dangerous burst of inflation since it started targeting CPI Canada’s consumer price index increased 7.7 per cent in May from a year earlier, the fastest since 1983, Statistics Canada rep...

FP Economy Source: Financialpost June 22, 2022

High inflation 'is keeping us up at night,' says Bank of Canada senior deputy governor

Carolyn Rogers does not rule out 75-basis-point hike in July The Bank of Canada’s senior deputy governor said inflation is keeping the central bankers “up at night” and did not rule out a three-quarter point hike after data revealed CPI has hit a n...

Source: BNN Bloomberg June 21, 2022

U.S. futures gain with European stocks; Dollar slips

US index futures staged a rebound on Monday along with stocks in Europe as investors weighed whether last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. S&P 500 contracts advanced about 1.1 per cent after the...