Daily News

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...

FP Economy Source: Financialpost September 07, 2022

Bank of Canada raises rate 75 bps and signals more hikes to come

3.25% is highest rate since the global financial crisis The Bank of Canada delivered another supersized hike on Wednesday, raising the policy interest rate by 75 basis points to 3.25 per cent, the highest since the global financial crisis....

Source: BNN Bloomberg September 06, 2022

U.S. stocks end a turbulent month on a down note

US stocks and bonds ended a turbulent August lower as traders recalibrated rate-hike expectations after central banks across the globe vowed to step up their fights against inflation. All major US indexes had their worst month since June. Treasuries in Aug...

Source: BNN Bloomberg September 06, 2022

An ominous month looms for battered Nasdaq bulls

The second half of August has been bruising for technology stocks, but those hoping for a respite from the declines shouldn’t relax just yet: September is just around the corner. The month historically has been the worst of the year for returns, suggesting...

Source: BNN Bloomberg September 06, 2022

The market is underestimating U.S. Fed risk even after rout, Bank of America says

A late-summer lull is nowhere to be seen in the stock market, with traders recalibrating their expectations after a blunt warning from the Federal Reserve chief in Jackson Hole. Most likely, they have a long ways to go.  So say derivatives strategists at B...

Source: BNN Bloomberg September 06, 2022

S&P/TSX composite losses deepen as selloff extends to fourth straight day

Canada’s main stock index declined for a fourth straight trading session Wednesday to end the month of August with investor sentiment squarely in the risk-off camp. The S&P/TSX composite index closed down 182.09 points at 19,330.81. In New York, stock m...

Market Call Source: BNN Bloomberg September 06, 2022

Brooke Thackray's Top Picks: August 31, 2022

Brooke Thackray, research analyst, Horizons ETF Management Canada FOCUS: Seasonal investing and technical analysis MARKET OUTLOOK: Some economic data, such as employment, has been showing signs of a strong economy. However, there is an increasing n...

Source: BNN Bloomberg September 06, 2022

Stock indexes face fresh low this year, Morgan Stanley's Wilson says

Investors should brace for more pain as US stock indexes haven’t yet hit bottom for the year, according to Mike Wilson, chief US equity strategist at Morgan Stanley. “The index usually is the last thing to fall,” Wilson, who’s predicted this year’s equity...