Daily News

Source: BNN Bloomberg September 13, 2022

S&P/TSX composite ends day up more than 200 points, U.S. stocks also close higher

Canada's main stock index ended the first trading day of the week up more than 200 points, as U.S. stock markets also closed higher. The S&P/TSX composite index was up 213.89 points at 19,987.23, with gains in the energy sector helping lead a broad-based r...

Market Call Source: BNN Bloomberg September 13, 2022

Rob Lauzon's Top Picks: September 12, 2022

Rob Lauzon, chief investment officer, Middlefield Capital Corporation FOCUS: North American equities MARKET OUTLOOK: It's a confusing time for investors as central banks are hiking rates into a slowing economy. The strong U.S .dollar is an earnings...

FP Economy Source: Financialpost September 13, 2022

Trudeau announces billions in cost-of-living relief, says it won't fuel inflation

Double GST rebate and top up housing benefit for renters Prime Minister Justin Trudeau announced a package of new measures to help Canadians cope with steeply rising prices, as his governing Liberals face increasing political pressure to mitiga...

FP Work Source: Financialpost September 12, 2022

Canada's real problem isn't job losses, it's the rush to retire

Wave of retirements hastening mass exodus of skilled workers, leaving businesses scrambling and pushing wages higher OTTAWA — More than a year after the Great Resignation took hold in the United States, Canada is grappling with its own greyer v...

FP Economy Source: Financialpost September 12, 2022

Canadian household wealth falls by nearly $1 trillion as real estate, financial markets pummelled

Debt growth also outpaced income gains, as households added $56.3 billion of debt in second quarter The value of Canadian residential real estate fell for the first time since 2018 in the second quarter of 2022, helping to drag down the overall...

Source: BNN Bloomberg September 10, 2022

Wall Street's commodity traders on track to break profit records

The world’s biggest banks are on track to make a killing in commodities this year, surpassing the record sums they made in the financial crisis. The 100 biggest banks by revenue are set to make US$18 billion from commodities trading in 2022, according to d...

Source: BNN Bloomberg September 10, 2022

S&P/TSX composite closes up almost 1.9 per cent, U.S. markets also gain

Canada's main stock index climbed almost 1.9 per cent as commodity prices rose, U.S. markets gained and reported job losses in August suggested Bank of Canada interest rate hikes are working to slow an overheated economy.   The unemployment rate climbed to...

Source: BNN Bloomberg September 10, 2022

U.S. stock bears' grip loosens up with risk-on rally

Stocks joined gains in riskier corners of the market, with the dollar slumping after a seemingly unstoppable surge that rattled global currencies and stoked fears of more headwinds for Corporate America. In a bullish signal, the S&P 500 topped its 100-day...

Market Call Source: BNN Bloomberg September 10, 2022

Gordon Reid's Top Picks: September 9, 2022

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. Equities  MARKET OUTLOOK: Last month’s BNN Market Call Outlook by Goodreid ended with, “Our conclusion of the current state of equity markets is that they a...

Source: BNN Bloomberg September 09, 2022

U.S. stocks on shaky ground with hawkish Fed script

Volatility gripped the stock market as unsurprising remarks from Jerome Powell and his colleagues did little to alter bets on another super-sized rate hike during the Federal Reserve’s September gathering. The S&P 500 ended higher after fluctuating all day...