Daily News

Source: BNN Bloomberg August 24, 2022

TSX recap: Composite edges slightly higher as price of oil climbs

Gains in the energy and mining sectors helped lift Canada's main stock index into slightly positive territory Tuesday, outweighing the negative impact of Scotiabank's worse-than-expected third-quarter financial results. The S&P/TSX composite index closed u...

Source: BNN Bloomberg August 24, 2022

Young retail traders see 'even worse' times ahead for markets

US institutional investors became more optimistic about stocks during the summer rally, but retail traders under 40 are becoming more gloomy over where markets are headed.  “I don’t think the storm will be over in this year or next year,” said Errol Colema...

Source: BNN Bloomberg August 24, 2022

Banks slice and dice US$80B in M&A debt that no one wants

Global banks stuck with US$80 billion in unappealing M&A financing debt are trying new tactics to find buyers.  In the case of the private-equity buyout of Citrix Systems Inc., they’re cutting the debt into smaller pieces to attract a wider pool of investo...

Market Call Source: BNN Bloomberg August 24, 2022

Christine Poole's Top Picks: August 23, 2022

Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: Drivers behind the rebound in stock markets from mid-June include encouraging inflation data, r...

Source: BNN Bloomberg August 23, 2022

GIC rates are rising but still lag inflation. When are they worth it?

Guaranteed Investment Certificates (GICs) are back on investors’ radars as their return rates jump -- but factor in sky-high inflation and it means money invested in GICs is still ultimately losing purchasing power. However, finance experts say these inves...

Source: BNN Bloomberg August 23, 2022

Bed Bath & Beyond leads rout in meme stocks as mania fizzles

The unraveling of the latest meme stock frenzy is accelerating as bad news for one of the most popular retail-trader favorites piles up and investors dump riskier assets.  Bed Bath & Beyond Inc. tumbled 16 per cent, marking a now three-day drop that’s eras...

Source: BNN Bloomberg August 23, 2022

U.S. stocks knocked down as torrid rally hits a wall

A sobering tone took over Wall Street after a rally that added US$7 trillion to the stock market, with traders bracing for hawkish rhetoric from Federal Reserve officials at the Jackson Hole retreat later this week. Equities saw their worst rout in two mon...

Source: BNN Bloomberg August 23, 2022

TSX slumps, U.S. stock markets also retreat in broad-based decline

Canada’s largest stock index saw another day of triple-digit losses Monday, as U.S. markets also suffered a significant pullback against the backdrop of ongoing inflation fears. The S&P/TSX composite index was down 136.46 points at 19,974.92. Riskier secto...

Market Call Source: BNN Bloomberg August 23, 2022

Bruce Campbell's Top Picks: August 22, 2022

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks MARKET OUTLOOK: Is this latest move up in the markets a new uptrend or a bear market bounce?  The indicators that we follow continue to be mix...

Source: BNN Bloomberg August 23, 2022

Loan caution may give Canadian banks first profit drop since '20

Canada’s six largest banks are expected to report their first decline in earnings in two years as rising economic pessimism spurs them to stockpile more capital to protect against potential loan losses. Net income for the country’s six largest lenders is e...