Daily News

Source: BNN Bloomberg November 03, 2022

S&P 500 suffers worst 'Fed day' since January 2021

Stocks sold off as Jerome Powell continued to sound unequivocally hawkish as the Federal Reserve pushed ahead with its most-aggressive tightening campaign since the 1980s to thwart inflation. The S&P 500 suffered its worst rout on a Fed decision day since...

Market Call Source: BNN Bloomberg November 03, 2022

Michael Sprung's Top Picks: November 2, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks  MARKET OUTLOOK: Markets continue to be volatile as investors react to forces impacting the economic outlook. The war in Ukraine drags on, prolonging shortages...

Source: Financialpost November 03, 2022

Ottawa willing to accept lower returns, more risk to put $15-billion growth fund to work

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 The fund will inv...

Source: Financialpost November 03, 2022

Ottawa aims to balance fiscal restraint with targeted support amid darkening economic outlook

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 Fall economic sta...

Source: Financialpost November 03, 2022

Ottawa reveals plan for new tax on stock buybacks

The tax plan is expected to increase federal revenues by $2.1 billion over five years The federal government plans to impose a new tax on public companies who pursue share buybacks, a popular way to reward investors and reduce volatility, but o...

Source: Financialpost November 03, 2022

CRA says T4 slips insufficient proof of income for CRB eligibility and judge agrees

Jamie Golombek: Acceptable proof consists of pay slips, employment verification letters, ROE, bank statements and other documentation Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affilia...

Source: BNN Bloomberg November 02, 2022

Trading resumes for the TSX, TSXV and Alpha markets after technical issue

TMX Group Inc. says market activity has resumed for the Toronto Stock Exchange, TSXV and Alpha markets after technical issues halted trading. As of 10:47 am EDT, the stock market operator said in a tweet that the TSX markets were in a “pre-open state” and...

Source: BNN Bloomberg November 02, 2022

TSX recap: Index closes trading 0.47% higher

Canada's main stock index was up by more than 90 points on the first day of the month after a mid-morning trading halt due to a technical problem, while U.S. stocks were down on hotter-than-expected employment data and tech stocks. The S&P/TSX Composite In...

Source: BNN Bloomberg November 02, 2022

U.S. stocks drop in countdown to Fed as rally sputters

Stocks finished lower as data showing a solid U.S. labor market bolstered speculation that Federal Reserve policy could remain aggressively tight even with the threat of a recession. At a time when good news is considered bad news when it comes to policy c...

Market Call Source: BNN Bloomberg November 02, 2022

Lorne Steinberg's Top Picks: November 1, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: The aggressive rate hikes by the U.S. Federal Reserve and the Bank of Canada, while painful for borrowers, are achieving...