Daily News

Source: BNN Bloomberg May 11, 2022

Canadian stocks near first correction since COVID crash of 2020

Canadian stocks dropped for a fourth straight day, closing on the brink of the first correction since 2020, as investors exit risk assets on concerns about rate hikes and slowing economic growth. The S&P/TSX Composite Index closed 0.6 per cent lower on Tue...

Source: BNN Bloomberg May 11, 2022

Canada-owned VC turns to pension funds for clean tech expansion

BDC Capital is ramping up efforts to bring in institutional investors as partners, as the Canadian government-owned venture capital firm seeks to increase its footprint in fast-growing industries such as clean tech.   A “sort of key theme that we’re pursui...

Source: BNN Bloomberg May 11, 2022

U.S. stocks bounce back as Wall Street awaits CPI data

Stocks closed higher in another session marked by several twists and turns, with investors trying to make sense of comments from a multitude of Federal Reserve speakers ahead of key US inflation data on Wednesday. The S&P 500 bounced back after a selloff t...

Market Call Source: BNN Bloomberg May 11, 2022

Rob Lauzon's Top Picks: May 10, 2022

Rob Lauzon, chief investment officer, Middlefield Capital Corporation FOCUS: North American equities MARKET OUTLOOK: Investors are facing a myriad of macro risks including tightening monetary policy, ongoing supply chain concerns, the war in Ukrain...

Source: BNN Bloomberg May 08, 2022

The Week Ahead: Disney, RioCan, Suncor earnings; U.S. inflation data

Monday, May 9 Notable data: Building Permits, US Wholesale Trade Notable earnings: Coty, Tyson Foods, Zynga, Duke Energy, Ovintiv, Boardwalk REIT, Ritchie Bros Auctioneers, RioCan REIT, Element Fleet Management, Finning International, Hudbay Minerals,...

Source: BNN Bloomberg May 07, 2022

U.S. stocks roar as Powell quells fear of jumbo hikes

Stocks rallied the most since May 2020 and Treasury yields fell after Federal Reserve Chair Jerome Powell eased concern the central bank will embark on a more aggressive pace of tightening after delivering its steepest rate increase in two decades. Traders...

Source: BNN Bloomberg May 07, 2022

Lockdown winners from Peloton to Zoom at risk even after rout

The brutal selloff in COVID-19 lockdown winners may not be over yet. After losing more than US$218 billion in combined market value since their pandemic-driven boom, shares of Peloton Interactive Inc., Zoom Video Communications Inc. and DocuSign Inc. are a...

Source: BNN Bloomberg May 07, 2022

Stocks crater as Fed-policy jitters rock trading

The stock surge that followed the Federal Reserve decision proved short lived ahead of Friday’s jobs report, with traders worried that officials could struggle to fight inflation amid the threat of a recession. Just a day after notching the biggest rally i...

Market Call Source: BNN Bloomberg May 07, 2022

Stan Wong's Top Picks: May 5, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: Market volatility has increased considerably in recent weeks with the CBOE Volatility Index (VIX) spiking above critical levels. Geop...

ETFs Source: BNN Bloomberg May 07, 2022

Every ARKK holding is in the red this year except for its cash

The violent stock selloff on Thursday means every single bet in Cathie Wood’s flagship strategy has lost money this year, with the sole exception of a money-market cash holding.  Exposure to BNY Mellon’s Dreyfus Government Cash Management Fund has contribu...