Daily News

Source: BNN Bloomberg September 29, 2022

S&P 500 roars back from six-day slide; bonds surge

U.S. stocks and Treasuries rallied on Wednesday after the Bank of England’s decision to stage a market intervention boosted U.K. bonds and tentatively calmed markets. The S&P 500 snapped a six-day rout, rising the most since early last month, and for the f...

Source: BNN Bloomberg September 29, 2022

Bank of Canada vows more transparency after pressure from IMF

The Bank of Canada will begin publishing a minutes-like summary of deliberations by officials after each policy decision in an effort to enhance transparency as it faces one of the most severe tests of its credibility. The move comes in response to a revie...

Source: BNN Bloomberg September 29, 2022

TSX today: Index jumps 1.9% as U.S. Treasury yields retreat

The S&P/TSX composite index snapped a six-day losing streak as it made substantial gains along with U.S. markets after U.S. Treasury yields retreated on speculation central banks may ease up on restrictive, inflation-fighting policies. The S&P/TSX composit...

Economics Source: BNN Bloomberg September 29, 2022

Bank of England steps back into bond market to restore stability

The Bank of England said it would buy long-dated UK government bonds in whatever quantities were needed to restore order to the market, sending gilts surging as the central bank launched its biggest response yet to the fallout from Prime Minister Liz Truss’s...

Market Call Source: BNN Bloomberg September 29, 2022

Andrew Moffs' Top Picks: September 28, 2022

Andrew Moffs, senior vice president and portfolio manager, Vision Capital FOCUS: Real estate stocks MARKET OUTLOOK: Investor sentiment has continued to deteriorate as several trends such as high inflation and rising interest rates continue to weigh...

FP Economy Source: Financialpost September 29, 2022

Canadian economy grows slightly in July

Grew by 0.1 per cent in July Canadian economic activity edged up a surprise 0.1 per cent in July, driven by strong production in the oilsands, while gross domestic product was most likely flat in August, Statistics Canada data showed on Thursda...

FP Economy Source: Financialpost September 29, 2022

Contraction 'only a matter of time': What the GDP numbers say about Canada's economy

GDP 'surprised to the upside' in July but not for much longer, say economists Canada’s economy avoided contraction in July, expanding 0.1 per cent, according to data released Thursday by Statistics Canada. We apologize,...

Source: BNN Bloomberg September 28, 2022

Goldman and BlackRock sour on stocks as recession risk rises

Goldman Sachs Group Inc. and BlackRock Inc. are turning more bearish on equities for the short term, warning that markets are yet to price in the risk of a global recession. Flagging rising real yields as a major headwind, Goldman strategists cut equities...

Source: BNN Bloomberg September 28, 2022

S&P/TSX composite hits new low for year

Canada's main stock index fell to a new low this year while U.S. markets were mixed after a volatile day of trading that saw stocks swing between gains and losses. The trading tensions came as markets in both Canada and the U.S. pushed new lows for the year  ...

Source: BNN Bloomberg September 28, 2022

U.S. stocks drop for sixth session as rate woes persist

U.S. stocks ended a volatile session lower after a slew of Federal Reserve officials hammered home their resolve to remain aggressive in their fight against inflation. The S&P 500 dropped for the sixth straight session, its longest losing streak since Febr...