Daily News

Source: BNN Bloomberg March 15, 2023

Apollo, Blackstone and KKR said to circle SVB's loan assets

Apollo Global Management Inc., Blackstone Inc. and KKR & Co. have expressed interest in snapping up a book of loans held by Silicon Valley Bank, the California lender seized by federal regulators last week, people with knowledge of the matter said. Apollo,...

Market Call Source: BNN Bloomberg March 15, 2023

Brian Acker's Top Picks: March 14, 2023

Brian Acker, president, chief executive officer and chief investment strategist, at Acker Finley FOCUS: North American large-cap stocks  MARKET OUTLOOK: For the last 10 years, I have been recommending U.S. dollar-dominated assets for Canadian inves...

Source: BNN Bloomberg March 15, 2023

In wake of SVB collapse, RBC analyst surprised consequences of rising rates took this long

The situation that caused Silicon Valley Bank (SVB) to collapse in the course of 48 hours was uncommon and it’s an example of the type of consequences that can happen after interest rates rise quickly, according to an analyst at RBC Capital Markets. In an...

Source: BNN Bloomberg March 15, 2023

Footwear stocks positioned for growth: Three hot picks from Tom Nikic

The transition from winter to spring is usually a time when shoe brands release new styles and boost demand for their products, which is why one analyst is bullish on the space. In an interview with BNN Bloomberg’s Paul Bagnell, Tom Nikic, analyst at Wedbu...

Source: BNN Bloomberg March 15, 2023

Short sellers scored US$2B profit as regional banks plunged

In the span of just three days, short sellers minted more than US$2 billion in paper profits as the collapse of Silicon Valley Bank set off a cascade of selling across the stocks of regional lenders. The precise amount of the mark-to-market gains came to U...

Source: Financialpost March 15, 2023

Peter Shawn Taylor: The many benefits of booze that the scolds ignore

Booze has long played a crucial and highly beneficial role in the human experience In a recent interview with Toronto Life, Catherine Paradis, interim associate director of research at the Canadian Centre for Substance Use and Addiction (CCSA),...

Source: Financialpost March 15, 2023

Ontario Teachers' not interested in SVB's Canadian assets, CEO says

Funds posts 4% return in 'difficult' investment environment in 2022 as net assets grew to $247.2 billion. The Ontario Teachers’ Pension Plan has invested heavily in tech and financial services companies in recent years, but the chief executive...

Source: Financialpost March 15, 2023

John Turley-Ewart: Canada doesn't have bank failures because we learned our lesson 100 years ago

Since 2001 America has endured 562 bank failures, not including Silicon Valley Bank. In Canada, there were zero Nothing roils markets and focuses attention like a good old-fashioned bank run. Canadians are witnessing this truth as our American...

Economy Source: Financialpost March 15, 2023

Canada is a buying opportunity despite series of headwinds: David Rosenberg

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Here's why a repu...

Source: BNN Bloomberg March 14, 2023

Bonds rally, U.S. stocks steady as Fed rate path mulled

The yield on the two-year Treasury note plunged in its biggest one-day slump in decades, while tech stocks rebounded from last week’s rout as the collapse of Silicon Valley Bank reverberated across trading desks. In Monday’s chaotic session, yield on the t...