Daily News

Executive Summary Source: Financialpost October 12, 2022

Posthaste: Feel anxious about your finances? Blame your parents

Money management skills are hereditary, survey suggests, but the cycle can be broken Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links o...

FP Economy Source: Financialpost October 11, 2022

Households are feeling bleak about Canada's economic prospects this fall

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 Canadians have be...

Source: BNN Bloomberg October 08, 2022

U.S. stock traders hit sell button on hawkish Fed bets

Wall Street got a reality check, with data showing a hot labor market that will likely keep the Federal Reserve on its aggressive hiking trail. Those bets sent stocks tumbling, driving benchmark Treasury yields to their longest weekly up streak since 1984....

Source: BNN Bloomberg October 08, 2022

TSX recap: Index closes down 2.1%

Canada's main stock index ended down almost 400 points in the third straight day of downward movement amid better-than-expected employment numbers and expectations of further rate hikes on both sides of the border.  The S&P/TSX Composite Index ended down 3...

Source: BNN Bloomberg October 08, 2022

Investors fleeing to cash like it's 2020, BofA strategists say

Investors poured the most money into cash since April 2020 on fears of a looming recession, but stocks could see further declines as they don’t fully reflect that risk, say Bank of America Corp. strategists. Even as major benchmarks bounced off last month’...

Market Call Source: BNN Bloomberg October 08, 2022

JoAnne Feeney's Top Picks: October 7, 2022

JoAnne Feeney, partner and portfolio manager, Advisors Capital Management FOCUS: U.S. equities MARKET OUTLOOK: Economies are facing significant, coordinated, global risks (war, China’s zero-COVID policy, shortages, inflation, rates, energy) so vola...

Source: BNN Bloomberg October 07, 2022

U.S. stocks slide with anxiety running high before jobs

The stock market found little encouragement to sustain any rebound attempt on the eve of the all-important U.S. jobs report, with major benchmarks finishing solidly lower on Thursday. Aside from the anxiety that usually precedes those numbers, traders had...

Source: BNN Bloomberg October 07, 2022

Vanguard sees corporate bonds facing pressure as Fed takes toll

Vanguard Group Inc. expects the U.S. corporate-bond market to come under increased pressure this year as rising interest rates rattle investors and threaten businesses’ profits.  Arvind Narayanan, a senior portfolio manager and co-head of investment-grade...

Source: BNN Bloomberg October 07, 2022

7 reasons Bank of America thinks the TSX will outperform the S&P 500

Bank of America is striking a bullish tone on the prospects for the S&P/TSX Composite Index, staking an argument Toronto’s benchmark will outperform the S&P 500 over the course of the next decade. In a note to clients, Bank of America outlined seven reasons i...

Market Call Source: BNN Bloomberg October 07, 2022

Gordon Reid's Top Picks: October 6, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Good riddance to September 2022, the worst September performance in U.S. equity markets since 2008. The quarter was a wild ride, re...