Daily News

Source: BNN Bloomberg May 27, 2022

S&P 500 believers see light forming in the market

Have stocks stopped being expensive? Among bulls, hope is coalescing around valuation metrics that could support that view, though with so many caveats they require a big dose of courage to heed.  After falling 15 per cent this year, the S&P 500 is trading...

Banking Source: Financialpost May 27, 2022

Cloudier economic outlook isn't denting the confidence of Canada's big banks

Bank execs brush off concerns about financial sector’s ability to navigate looming headwinds Executives at Canada’s Big Five banks are acknowledging the economic outlook is becoming cloudier, but took steps during earnings calls this week to assuag...

FP Economy Source: Financialpost May 27, 2022

Port of Vancouver ranks among the worst in the world, according to World Bank report

Port efficiency has taken on a new level of urgency amid pandemic supply disruptions The Port of Vancouver — the main gateway for consumer goods entering Canada from the manufacturing powerhouses in Asia — is among the worst performers, ranking 368...

Source: BNN Bloomberg May 26, 2022

Stocks climb in volatile session after Fed minutes

Stocks climbed after minutes from the Federal Reserve’s latest policy meeting gave no signals that officials could turn more hawkish soon to fight inflation. The S&P 500 rebounded from earlier losses, while the tech-heavy Nasdaq 100 outperformed. The dolla...

Source: BNN Bloomberg May 26, 2022

Couche-Tard attracts new bull with outperform rating

Alimentation Couche-Tard Inc. picked up another fan in the analyst community Wednesday, as Wells Fargo initiated coverage of the Montreal-based convenience store operator with the equivalent of a buy recommendation. Analyst Anthony Bonadio launched coverag...

Market Call Source: BNN Bloomberg May 26, 2022

Rick Rule's Top Picks: May 25, 2022

Rick Rule, president and CEO, Rule Investment Media LLC FOCUS: Natural resource stocks   MARKET OUTLOOK: This bearish macro picture masks an ongoing bull market in both precious metals, and industrial materials. The precious metals bull marke...

FP Economy Source: Financialpost May 26, 2022

Inez Jabalpurwala: Long COVID contributing to brain health crisis disrupting labour force, economy

More than one million Canadians, or about five per cent of the Canadian labour force, could be affected The effects of long COVID — where symptoms of the COVID-19 virus persist beyond four weeks from initial infection — are disrupting our health, o...

FP Economy Source: Financialpost May 26, 2022

Canadian job vacancies jump to record high ahead of patio season: What you need to know

Expect interest rates to keep rising until this labour market cools Canadian employers were seeking to fill a record 1.03 million positions in March, led by a surge in openings at restaurants and hotels, Statistics Canada reported on May 26. Here’s...

Source: BNN Bloomberg May 25, 2022

Goldman strategist says stocks will bottom once Fed signals shift

The selloff in equities will reach a bottom once the Federal Reserve signals the end of tightening, which may not happen until recession is apparent, according to Goldman Sachs Group Inc.  “It may be necessary for the market to become more confident than i...

Source: BNN Bloomberg May 25, 2022

Wall Street is buying treasuries again in bet the worst is over

Across Wall Street, from BlackRock Inc. to T. Rowe Price Group Inc., some veterans of the bond market’s booms and busts are seeing signs that it’s safe to start buying again.  Few are eager to call the bottom just yet, not with inflation still surging at a...