Daily News

Source: BNN Bloomberg January 10, 2023

​The market has already priced in a short-lived recession: BMO

If a recession does hit the global economy this year, one chief investment officer believes the markets have already priced it in.  Bank of Montreal’s Global Asset Management Chief Investment Officer Sadiq Adatia told BNN Bloomberg in an interview on Monda...

Source: BNN Bloomberg January 10, 2023

TSX recap: Index finishes higher amid gains in energy and technology stocks

Canada's main stock index stalled in the afternoon after a morning of strong gains in energy, technology and base metals, while U.S. markets also cooled, ending the day with mixed results. Sign up to get breaking news email alerts sent directly to your...

Source: BNN Bloomberg January 10, 2023

U.S. stocks give up rally above key mark after Fedspeak

A rally in stocks fizzled out after two Federal Reserve officials signaled that interest rates could top 5 per cent, throwing some cold water on traders who saw a peak below that mark. Sign up to get breaking news email alerts sent directly to your inbo...

Market Call Source: BNN Bloomberg January 10, 2023

Mike Philbrick's Top Picks: January 9, 2023

Mike Philbrick, chief executive officer, ReSolve Asset Management SEZC FOCUS: Exchange-traded funds  MARKET OUTLOOK: Remain calm, conservative, diversified and embrace alternatives. The dynamics of liquidity, growth and inflation continue to cha...

Source: Financialpost January 10, 2023

Canaccord Genuity managers seek to take firm private in $1.13-billion deal

Group includes CEO, chairman and more than a dozen other senior executives, who own combined 21% of shares A group comprised of members of Canaccord Genuity Group Inc.‘s management team is proposing to take over the company with an all-cash bid...

Source: Financialpost January 10, 2023

Bill Morneau slams Liberal government’s COVID-19 policy for putting 'popularity contest' over fiscal prudence

New book details growing tensions between Justin Trudeau and his then Minister of Finance Former finance minister Bill Morneau has taken aim at the Liberal government’s financial aid during the COVID-19 pandemic. We apo...

Source: Financialpost January 10, 2023

Take care, the last time the greenback did this — the tech boom blew up

Martin Pelletier: If you are overweight on U.S. stocks, might be time to lighten up One of the biggest influences on global markets that we are keeping a very close eye on is the United States dollar, since the current situation looks a lot lik...

Source: Financialpost January 10, 2023

Posthaste: Why inflation might fall faster than the Bank of Canada thinks

Housing inflation set for sharp fall, say economists — except for this wildcard Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on thi...

Source: Financialpost January 09, 2023

Condo market poised to follow fall of detached home prices, says realtor

Some owners who used to break even on their condo investments now face a different reality As Canada’s real estate market wrapped up 2022 with price declines, some condo investors are expected to put their properties up for sale within the year...

Source: Financialpost January 08, 2023

Donald Trump ordered by judge to face New York fraud lawsuit

NEW YORK — A New York judge on Friday said former U.S. President Donald Trump must face a lawsuit by the state’s attorney general accusing him of fraudulently overvaluing his namesake real estate company’s assets and his own net worth....