Daily News

Market Call Source: BNN Bloomberg May 03, 2022

Bruce Murray's Top Picks: May 2, 2022

Bruce Murray, CEO and CIO, The Murray Wealth Group FOCUS: North American growth stocks MARKET OUTLOOK: We have had four months of a very negative market environment. The selloff has been fueled by many fears -- the most important of which is the in...

Source: BNN Bloomberg May 03, 2022

Traders respond to selloff by buying oil, options and meme stocks

Market volatility is giving retail traders whiplash, and there’s little consensus among the meme-stock set on how to react. After two years of stimulus-fueled gains, stocks are getting hammered, with surging inflation, rising interesting rates and a tumult...

Source: BNN Bloomberg May 03, 2022

Dip buyers save the day as U.S. stocks finish higher

Stocks closed higher at the start of a week that’s likely to be marked by unnerving market gyrations, with the Federal Reserve expected to deliver its biggest rate hike in two decades. Dip buyers emerged after the worst month for the S&P 500 since the onse...

Source: BNN Bloomberg May 03, 2022

Market rebound not far off as 'fears overblown,' JPMorgan says

The negativity in the U.S. stock market has become so overwhelming that a rebound may not be far off, JPMorgan Chase & Co.’s strategists say. In a note to clients, analysts led by Marko Kolanovic pointed to the closely watched American Association of Indiv...

Source: Bankofcanada May 03, 2022

Earning the trust of Canadians

In her first speech with the Bank of Canada, Senior Deputy Governor Carolyn Rogers talks about how independence and accountability help the Bank build and maintain t...

Source: BNN Bloomberg April 30, 2022

U.S. stocks tank as Amazon endures worst day since 2006

Technology stocks extended losses Friday as shares of what were once market darlings at the height of the pandemic headed for their worst monthly drop since the global financial crisis. Amazon.com Inc. led the decline with a 14 per cent drop, the worst sin...

Personal Finance Source: BNN Bloomberg April 30, 2022

Higher rates could encourage Canadians to 'save differently,' but not more

There are early signs that interest rate hikes from the Bank of Canada are starting to feed through to the return rates of certain savings accounts. But the question remains on whether these higher returns will encourage Canadians to save more – especially co...

Market Call Source: BNN Bloomberg April 30, 2022

Greg Newman's Top Picks: April 29, 2022

Greg Newman, senior wealth advisor and portfolio manager, Scotia Wealth Management FOCUS: North American stocks MARKET OUTLOOK: Central banks will likely continue to attack inflation by raising rates and shrinking their balance sheets. The multiple...

Source: BNN Bloomberg April 30, 2022

Amazon’s biggest drop since 2006 caps miserable month for tech

Amazon.com Inc. shares collapsed on Friday, with a loss in market value that ranks as one of the worst in Wall Street history after it gave an outlook that was seen as disappointing. The stock sank 14 per cent in its biggest one-day drop since July 2006, w...

Source: BNN Bloomberg April 30, 2022

The Week Ahead: Shopify earnings, jobs data due and U.S. Fed decision

Monday, May 2 Notable data: US ISM Manufacturing PMI, US Construction Spending Notable earnings: Cargojet, Nutrien, TMX Group, MEG Energy Tuesday, May 3 Notable data: US Factor Orders Notable earnings: Restaurant Brands, Calfrac Well Serv...