Daily News

Source: BNN Bloomberg July 27, 2022

U.S. stocks drop before Fed; QQQ climbs in late trading

Stocks slumped after paltry economic figures and a weaker outlook from the world’s largest retailer underscored the impacts of inflation pressures on consumer spending, with recession fears running rampant as the Federal Reserve gets ready to deliver another...

Source: BNN Bloomberg July 27, 2022

TSX recap: Retail stocks drop after Shopify spooks investors

Shopify Inc.’s stock decline weighed heavily on the S&P/TSX Composite Index on Tuesday as a round of layoffs at the Canadian tech giant added to investor worries about the economy. The Canadian benchmark index closed 131.80 points lower, or 0.69 per cent,...

Source: BNN Bloomberg July 27, 2022

'Panicky money': Investors move $10.4B out of Canadian mutual funds in June

Canadian mutual funds posted net redemptions of $10.4 billion in June as investors headed for the exits amid market volatility. That’s an acceleration from May, when a net $6.4 billion was pulled from mutual funds. The latest data from The Investment Funds...

Company News Source: BNN Bloomberg July 27, 2022

UPS shares sink as delivery volume drops more than expected

United Parcel Service Inc.’s package deliveries declined more than expected during the second quarter, driving the shares down even as higher prices helped boost sales and profit.  Average daily package volume fell 4 per cent in the US and more than 13 per...

Market Call Source: BNN Bloomberg July 27, 2022

Lorne Steinberg's Top Picks: July 26, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: Over the past few months, virtually every asset class has declined, including stocks, bonds and real estate. The war in Uk...

Source: BNN Bloomberg July 26, 2022

Booming ETFs that worry Wall Street watchdogs rake in billions

Traders are splurging billions of dollars on “complex” ETFs to ride out the crushing bear market across assets -- just as Wall Street watchdogs threaten intrusive measures to limit retail participation.  Issuers including ProShares Advisors LLC, Direxion a...

Source: BNN Bloomberg July 26, 2022

Energy helps lift TSX; U.S. markets muted ahead of Fed, earnings

Canada’s benchmark stock index got a lift Monday as strength in energy and financial stocks offset weakness in the resource-heavy materials and technology sectors. The S&P/TSX Composite Index closed 121.56 points higher, or 0.64 per cent, to 19,104.48, wit...

Source: BNN Bloomberg July 26, 2022

U.S. stock trading hits 2022 low before Fed, earnings

Stocks wavered in a choppy session as traders braced for earnings from technology bellwethers amid the threats of a hawkish Federal Reserve, scorching inflation and a looming economic recession. Traders turned more cautious after last week’s rally, with th...

Market Call Source: BNN Bloomberg July 26, 2022

Paul Harris' Top Picks: July 25, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: The bear market so far has all been mostly multiple contractions. The S&P 500 P/E has gone from 24 to16 but EPS and...

Source: Bankofcanada July 26, 2022

Bank of Canada publishes 2023 schedule for interest rate announcements

The Bank of Canada today published its 2023 schedule for the release of its policy interest rate decisions and quarterly Monetary Policy Report. The dates are as f...