Daily News

Company News Source: BNN Bloomberg June 08, 2022

Target’s bloated inventory spurs another profit outlook cut

Target Corp. cut its profit outlook for the second time in three weeks as it rushes to ease an inventory surge by marking down items and canceling orders. Soaring merchandise stockpiles and “unusually high transportation and fuel costs” prompted Target to...

Market Call Source: BNN Bloomberg June 08, 2022

Jamie Murray's Top Picks: June 7, 2022

Jamie Murray, portfolio manager and head of research, Murray Wealth Group FOCUS: Global equities MARKET OUTLOOK: The market has never been more confused in terms of news flow as both bad news and good news seem to drive the market lower. May’s stro...

Source: BNN Bloomberg June 08, 2022

ESG insiders demand course correction to fix industry woes

With ESG being increasingly maligned these days from both the inside and the outside, some of the industry’s early devotees say it’s time for a course correction. Jerome Dodson, the retired founder of one of the world’s largest ESG-focused investing firms,...

Source: BNN Bloomberg June 08, 2022

Uranium stocks jump as U.S. looks to boost domestic supplies

Canadian uranium stocks jumped on Tuesday after Bloomberg News reported the White House is looking to reduce its dependence on Russian uranium imports in favour of sourcing more uranium domestically. Bloomberg reported the Biden administration is pushing l...

Executive Summary Source: Financialpost June 08, 2022

Posthaste: Recession risk rises as Canadian economy runs out of room to grow

Aggressive interest rate hikes to tackle inflation could 'tip the economy into recession,' RBC says Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made thro...

Source: BNN Bloomberg June 07, 2022

Stocks rise as higher yields keep check on rally

The push and pull between bond yields and equities continued Monday, with stock gains kept in check by a drop in Treasuries that pushed a swath of rates above three per cent.  The S&P 500 held onto a gain in a choppy session that saw the index climb as muc...

Source: BNN Bloomberg June 07, 2022

ESG investing is heading for a reckoning: Veteran manager

The ESG investment industry may be headed for a reckoning and many companies won’t survive this period of higher interest rates.  That’s according to James Penny, who’s been running ethically focused funds for about a decade and is currently the London-bas...

Market Call Source: BNN Bloomberg June 07, 2022

Stephen Takacsy's Top Picks: June 6, 2022

Stephen Takacsy, president, CEO and chief investment officer, Lester Asset Management  FOCUS: Canadian stocks   MARKET OUTLOOK: Volatility has increased significantly in 2022 due to a confluence of factors. The investment environment remains very u...

FP Economy Source: Financialpost June 07, 2022

Canadian exports edge up in April on seafood and motor vehicles

Energy exports came off record highs in April, as crude oil production dropped on maintenance shutdowns OTTAWA — Canada’s exports rose 0.6 per cent in April, driven by strong exports of frozen seafood and motor vehicles, but offset by lower crude o...

Market Call Source: BNN Bloomberg June 04, 2022

Eric Nuttall's Top Picks: June 3, 2022

Eric Nuttall, partner and senior portfolio manager, Ninepoint Partners FOCUS: Energy stocks MARKET OUTLOOK: The world has plunged into an energy crisis, created by the energy ignorance of policymakers and too many years of insufficient investment i...