Daily News

Source: BNN Bloomberg March 14, 2023

Sell any post-SVB stocks bounce, says Morgan Stanley

Morgan Stanley's Michael Wilson, known for being one of Wall Street's most bearish strategists, recommended that investors sell any rebound in U.S. stocks that may result from regulators' support measures after the collapse of Silicon Valley Bank. “We sugg...

Commodities Source: BNN Bloomberg March 14, 2023

Gold, copper advance as SVB fallout triggers flight to safety

Gold and copper rose as the collapse of Silicon Valley Bank spurred investors to seek safe havens. The American lender’s demise sparked such a severe drop in regional bank stocks that automatic trading halts were triggered on Monday. More broadly, more tha...

Source: BNN Bloomberg March 14, 2023

SVB collapse is not a repeat 08-09 financial crisis: John Zechner

Bank stocks have come under pressure following the collapse of Silicon Valley Bank (SVB), but one financial expert is advising that now is an opportune time to put money into the sector.    SVB, most commonly known for lending money to startup tech companies...

Source: BNN Bloomberg March 14, 2023

Attractive aerospace stocks: Three hot picks from Matthew Lee

Airlines and airfreight companies are well positioned to capture the expected demand in travel and air shipping ahead, one analyst says.    In an interview with BNN Bloomberg’s Paul Bagnell on Monday, Matthew Lee, equity research analyst of aerospace and spe...

Company News Source: BNN Bloomberg March 14, 2023

Canadian regulator seizes assets of Toronto branch of Silicon Valley Bank

Canada's banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon Valley Bank, it has temporarily seized assets of the Canadian branch to preserve their value. U.S. banking reg...

Source: BNN Bloomberg March 14, 2023

TSX recap: Index finishes 0.94% lower amid losses in energy and financial stocks

Worries about the financial system after two recent bank failures saw bank stocks edge U.S. markets mostly down Monday after a volatile day of trading while Canadian markets fell on weakness in energy and financials.  The S&P/TSX Composite Index was down 1...

Market Call Source: BNN Bloomberg March 14, 2023

Lorne Steinberg's Top Picks: March 13, 2023

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: Recent comments by the U.S. Federal Reserve indicate that there is a high probability of further interest rate hikes, as...

Source: Bankofcanada March 14, 2023

Law Enforcement Award of Excellence for Counterfeit Deterrence

The Bank of Canada, in collaboration with the Canadian Association of Chiefs of Police (CACP), established an award of excellence for bank note counterfeiting deterrence in 2004. This...

Source: Financialpost March 14, 2023

Posthaste: Silicon Valley Bank collapse that shook the world reveals cracks emerging in the system

An ominous reminder that when central banks jack up rates, things break Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

Source: Financialpost March 14, 2023

Financial markets on edge as confidence in banks erodes: What you need to know

Global financial markets are in their worst state of panic since 2008 Global financial markets are in their worst state of panic since 2008, when cascading bank failures in the United States and Europe caused credit markets to seize, triggering...