Daily News

Source: Financialpost October 26, 2022

Bank of Canada opts for lower half-point hike, but says more to come

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 Kevin Carmichael:...

Source: Financialpost October 26, 2022

Canadian banks raise prime rate to 5.95% after Bank of Canada hike

Royal Bank, CIBC, TD, Laurentian and more raise rate Canada’s commercial banks began announcing hikes to their prime rate Wednesday after the Bank of Canada raised its key interest rate by half a percentage point. We ap...

Source: Financialpost October 26, 2022

Bank of Canada swerves in 'game of chicken' with inflation: What economists say

The half-point hike surprised markets We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. We apologize, but this video has f...

Source: BNN Bloomberg October 25, 2022

Fundamentals 'flashing red' as last pillar of credit crumbles

Corporate credit conditions are worsening, with the last of three key measures now “flashing red,” according to a traffic-light system used by Janus Henderson Investors. The outlook for cash flow and earnings was downgraded from amber in the third quarter,...

Source: BNN Bloomberg October 25, 2022

Morgan Stanley's Wilson sticks to bullish call amid client doubt

One of Wall Street's most vocal bears is doubling down on his short-term bullish call on equities a week after his initial view was met with skepticism by clients. Morgan Stanley's Michael Wilson sees stocks grinding higher as markets transition to expecta...

Source: BNN Bloomberg October 25, 2022

U.K. bonds surge on hopes Sunak victory will cement fiscal caution

U.K. bonds surged after Rishi Sunak emerged as the frontrunner to become prime minister, a candidate investors expect will restore credibility to economic policy making and help calm the nation's rattled markets. Short-dated notes led the rally, sending th...

Source: BNN Bloomberg October 25, 2022

Yellen 'closely monitoring' financial markets as volatility rises

Treasury Secretary Janet Yellen said that while the U.S. financial system remains resilient, the current backdrop has created the conditions where risks to its stability could appear. This is a “dangerous and volatile environment” for the global economy, i...

Source: BNN Bloomberg October 25, 2022

Global junk-bond sales drop most ever with no signs of recovery

Junk bond sales are falling at an unprecedented rate globally as interest rates rise, a double blow to riskier companies in need of financing in the next few years. Issuance for high yield corporates plummeted 73 per cent through Oct. 24 compared with the...

Market Call Source: BNN Bloomberg October 25, 2022

Eric Nuttall's Top Picks: October 24, 2022

Eric Nuttall, partner and senior portfolio Manager, Ninepoint Partners FOCUS: Energy stocks MARKET OUTLOOK: Despite lingering worries of a recession and the potential negative impact on oil demand, we believe energy investors are positioned for fur...

Source: BNN Bloomberg October 25, 2022

U.S. stocks keep rally going as big-tech earnings loom

U.S. stocks rallied for a second straight session as investors geared up for some of the world’s biggest companies to report earnings this week. Traders also mulled whether the Federal Reserve will slow its pace of interest-rate hikes after assessing weak eco...