Daily News

Source: BNN Bloomberg May 07, 2022

The Week Ahead: Walt Disney earnings; U.S. Consumer Price Index

Monday, May 9 Notable data: Building Permits, US Wholesale Trade Notable earnings: Coty, Tyson Foods, Zynga, Duke Energy, Ovintiv, Boardwalk REIT, Ritchie Bros Auctioneers, RioCan REIT, Element Fleet Management, Finning International, Hudbay Minerals,...

Source: Bankofcanada May 05, 2022

Supporting Indigenous prosperity

In his final speech before retiring from the Bank of Canada, Deputy Governor Lawrence Schembri talks about the Bank’s contribution to advancing economic inclusion an...

Source: BNN Bloomberg May 04, 2022

Dizzying pre-Fed day ends with gains for stocks

Stocks faced another volatile session, with traders awaiting more clues on whether the Federal Reserve will be able to pull off a soft landing that brings down inflation without triggering a recession. After several twists and turns, the S&P 500 closed hig...

Market Call Source: BNN Bloomberg May 04, 2022

Gordon Reid's Top Picks: May 3, 2022

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: The question of the day is: Will the Fed’s actions to control inflation drive the economy into a recession? The answer, of course, is dependent on othe...

Source: BNN Bloomberg May 04, 2022

Investors are so bearish on stocks that the market looks bullish

Investors have become so negative about the stock market that Wall Street is starting think a rally may be on the way. JPMorgan Chase & Co. strategists led by Marko Kolanovic said this week that “investor sentiment is reaching extreme weakness,” meaning a...

Market Call Source: BNN Bloomberg May 03, 2022

Bruce Murray's Top Picks: May 2, 2022

Bruce Murray, CEO and CIO, The Murray Wealth Group FOCUS: North American growth stocks MARKET OUTLOOK: We have had four months of a very negative market environment. The selloff has been fueled by many fears -- the most important of which is the in...

Source: BNN Bloomberg May 03, 2022

Traders respond to selloff by buying oil, options and meme stocks

Market volatility is giving retail traders whiplash, and there’s little consensus among the meme-stock set on how to react. After two years of stimulus-fueled gains, stocks are getting hammered, with surging inflation, rising interesting rates and a tumult...

Source: BNN Bloomberg May 03, 2022

Dip buyers save the day as U.S. stocks finish higher

Stocks closed higher at the start of a week that’s likely to be marked by unnerving market gyrations, with the Federal Reserve expected to deliver its biggest rate hike in two decades. Dip buyers emerged after the worst month for the S&P 500 since the onse...

Source: BNN Bloomberg May 03, 2022

Market rebound not far off as 'fears overblown,' JPMorgan says

The negativity in the U.S. stock market has become so overwhelming that a rebound may not be far off, JPMorgan Chase & Co.’s strategists say. In a note to clients, analysts led by Marko Kolanovic pointed to the closely watched American Association of Indiv...

Source: Bankofcanada May 03, 2022

Earning the trust of Canadians

In her first speech with the Bank of Canada, Senior Deputy Governor Carolyn Rogers talks about how independence and accountability help the Bank build and maintain t...