Daily News

Source: BNN Bloomberg September 09, 2022

TSX composite closes up along with U.S. markets as financials gain

Canada's main stock index closed higher along with U.S. markets as investors digested the latest signals on rate increases from central banks. The S&P/TSX composite index gained 171.56 points Thursday to close at 19,413.00, a day after the Bank of Canada r...

Market Call Source: BNN Bloomberg September 09, 2022

Stan Wong's Top Picks: September 8, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: Equity markets have stalled in recent weeks in response to a more hawkish tone from the U.S. Federal Reserve Bank. After climbing nea...

FP Economy Source: Financialpost September 09, 2022

Canada's economy loses 40,000 jobs; unemployment rate jumps to 5.4%

Third month in a row that employment has declined Canada’s economy shed an unexpected, outsized number of jobs in August for the third consecutive month, another indication that growth is slowing as the Bank of Canada attempts to deliver a soft...

Source: BNN Bloomberg September 08, 2022

Goldman strategists warn stocks yet to make 'decisive' low

Global stocks are on pace for their worst run since the European debt crisis a decade ago and Goldman Sachs Group Inc. strategists are among those warning that more selling is possible. The MSCI All Country World Index is falling for a ninth day Wednesday,...

Source: BNN Bloomberg September 08, 2022

Kim Kardashian starts private equity firm with Carlyle partner

Kim Kardashian is the latest celebrity to try her hand at private equity investing, joining with longtime Carlyle Group Inc. executive Jay Sammons to start a new firm.  Skky Partners will focus on investments in the consumer and media industry, with Kardas...

Market Call Source: BNN Bloomberg September 08, 2022

Kim Bolton's Top Picks: September 7, 2022

Kim Bolton, president and portfolio manager at Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: Inflation has been the number one topic in the U.S. economy for all of 2022, and it's the reason consumer sentiment has moved down to leve...

Source: BNN Bloomberg September 08, 2022

U.S. stocks roar back as Treasuries halt bearish frenzy

Stocks climbed the most in about a month as Treasury yields halted a surge to multiyear highs, with traders sifting through remarks from a slew of Federal Reserve speakers. Oil plunged, easing concern about price pressures that could imperil the central bank’...

Source: BNN Bloomberg September 08, 2022

TSX closes higher along with U.S. markets despite oil price drop

Canada's main stock index closed up along with U.S. markets despite a drop in the price of oil that pushed energy stocks down.  The S&P/TSX composite index closed up 153.29 points at 19,241.44 as the Bank of Canada's 0.75 percentage point rate increase did...

Source: Bankofcanada September 08, 2022

Getting inflation back to normal

Speaking a day after the Bank of Canada raised interest rates, Senior Deputy Governor Carolyn Rogers discusses where the economy stands and what the Bank is doing to...

Source: BNN Bloomberg September 07, 2022

U.S. stocks end well off lows with S&P 500 above 3,900

Stocks trimmed losses from nearly oversold levels, while bond yields soared on bets the Federal Reserve will stay hawkish as it confronts the hottest inflation in about four decades. After exhausting gyrations, the S&P 500 managed to close slightly above 3...