Daily News

Source: BNN Bloomberg September 08, 2022

Goldman strategists warn stocks yet to make 'decisive' low

Global stocks are on pace for their worst run since the European debt crisis a decade ago and Goldman Sachs Group Inc. strategists are among those warning that more selling is possible. The MSCI All Country World Index is falling for a ninth day Wednesday,...

Source: BNN Bloomberg September 08, 2022

Kim Kardashian starts private equity firm with Carlyle partner

Kim Kardashian is the latest celebrity to try her hand at private equity investing, joining with longtime Carlyle Group Inc. executive Jay Sammons to start a new firm.  Skky Partners will focus on investments in the consumer and media industry, with Kardas...

Market Call Source: BNN Bloomberg September 08, 2022

Kim Bolton's Top Picks: September 7, 2022

Kim Bolton, president and portfolio manager at Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: Inflation has been the number one topic in the U.S. economy for all of 2022, and it's the reason consumer sentiment has moved down to leve...

Source: BNN Bloomberg September 08, 2022

U.S. stocks roar back as Treasuries halt bearish frenzy

Stocks climbed the most in about a month as Treasury yields halted a surge to multiyear highs, with traders sifting through remarks from a slew of Federal Reserve speakers. Oil plunged, easing concern about price pressures that could imperil the central bank’...

Source: BNN Bloomberg September 08, 2022

TSX closes higher along with U.S. markets despite oil price drop

Canada's main stock index closed up along with U.S. markets despite a drop in the price of oil that pushed energy stocks down.  The S&P/TSX composite index closed up 153.29 points at 19,241.44 as the Bank of Canada's 0.75 percentage point rate increase did...

Source: Bankofcanada September 08, 2022

Getting inflation back to normal

Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to...

Source: BNN Bloomberg September 07, 2022

U.S. stocks end well off lows with S&P 500 above 3,900

Stocks trimmed losses from nearly oversold levels, while bond yields soared on bets the Federal Reserve will stay hawkish as it confronts the hottest inflation in about four decades. After exhausting gyrations, the S&P 500 managed to close slightly above 3...

Source: BNN Bloomberg September 07, 2022

TSX closes down as economic data points to more rate hikes

Canada's main stock index closed down in a broad-based decline as encouraging economic data in the U.S. renewed fears of rate hikes only a day before Canada's central bank is set to announce its latest rate decision. The S&P/TSX composite index closed down...

Market Call Source: BNN Bloomberg September 07, 2022

Ryan Bushell's Top Picks: September 6, 2022

Ryan Bushell, president and portfolio manager, Newhaven Asset Management FOCUS: Canadian dividend stocks MARKET OUTLOOK: Equity markets remain volatile and the rally over the summer seems to be rapidly coming to an end. In my opinion, this is justi...

Source: Bankofcanada September 07, 2022

Bank of Canada increases policy interest rate by 75 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 3¼%, with the Bank Rate at 3½% and the deposit rate at 3¼%. The Bank is also continuing its policy of quantitative tightening. T...