Daily News

FP Economy Source: Financialpost April 25, 2022

Macklem hints at a second half-point rate hike, while dousing talk he could go bigger

'Anything bigger than a 50-point increase would be very unusual' Bank of Canada governor Tiff Macklem telegraphed a second half-point increase at the central bank’s next interest-rate announcement, while dousing speculation he might be considering...

Source: BNN Bloomberg April 23, 2022

Stocks fall for third week on earnings, rate risks

U.S. stocks fell, capping a third weekly decline, as disappointing corporate results and prospects for aggressive interest-rate hikes weighed on sentiment.  The S&P 500 slid 2.8 per cent, the biggest decline since March 7, tipping the benchmark to a weekly...

Market Call Source: BNN Bloomberg April 23, 2022

Bruce Campbell's Top Picks: April 22, 2022

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks MARKET OUTLOOK: Markets continue to face multiple headwinds that have investors nervous. High Inflation, geopolitical conflict, an inverted yi...

Source: BNN Bloomberg April 23, 2022

Powell hardens hawkish pivot toward half-point Fed rate hikes

Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated. “I would say that 50 bas...

Source: BNN Bloomberg April 23, 2022

Nowhere to hide as aggressive rate bets spark rout across assets

Friday is proving a washout for investors as increasingly bigger bets on Federal Reserve tightening prompted traders to offload risk and haven alike before the weekend. The technology-heavy Nasdaq 100 is on track for its worst month since 2008, short-dated...

Source: BNN Bloomberg April 22, 2022

U.S. stocks fall in a dramatic reversal as yields surge

U.S. stocks slid as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. The dollar gained. The S&P 500 dropped 1.5 per cent in a dramatic reversal of a more than 1 per cen...

Market Call Source: BNN Bloomberg April 22, 2022

Paul Harris' Top Picks: April 21, 2022

Paul Harris, partner and portfolio manager at Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: I think we are in a period of extended volatility with the Ukraine-Russian crisis and the U.S. Federal Reserve rat...

Source: BNN Bloomberg April 22, 2022

TSX has worst day in three months as Fed signals big rate hike

Canada's main stock index slipped from early gains to post its largest daily slump in three months on fears of slowing economic growth as members of the U.S. Federal Reserve signalled that an aggressive rate hike is coming next month to tame inflation. Cra...

FP Economy Source: Financialpost April 22, 2022

Tiff Macklem acknowledges inflation is running hotter than expected

Kevin Carmichael: Concession will fuel speculation of steeper hikes, but half a point still best bet Bank of Canada governor Tiff Macklem acknowledged inflation ended the first quarter hotter than he expected, a concession that will feed speculatio...

Source: BNN Bloomberg April 21, 2022

Most stocks gain in seesaw session as bonds rally

Most U.S. stocks rose with earnings in focus, while Treasuries rallied as a growing chorus of money managers said inflation is nearing a peak and rate-hike bets are overdone. After a roller-coaster session, the S&P 500 ended little changed with nine of 11...