Daily News

Source: BNN Bloomberg August 19, 2022

TSX recap: Rising oil prices boost energy stocks

Canada’s benchmark stock index finished the trading day higher on Thursday as energy stocks benefited from rising oil prices. The S&P/TSX Composite Index closed up 83.93 points, or 0.42 per cent, to 20,265.37. The subgroups that added the most points to...

Market Call Source: BNN Bloomberg August 19, 2022

Michael Sprung's Top Picks: August 18, 2022

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks MARKET OUTLOOK: Through the first half of 2022, stock and bond markets suffered the worst six months since 1970. Since the end of June, the market has recovere...

FP Economy Source: Financialpost August 19, 2022

Child care is getting cheaper, but it's not the inflation buster Ottawa says it is

A reduction in child-care fees isn't big enough to offset surging fuel, food and shelter costs Prime Minister Justin Trudeau’s overhaul of child care appears to be delivering on its promise to lower costs, providing a rare source of disinflation am...

Source: BNN Bloomberg August 18, 2022

U.S. stocks retrench after Fed as tech resumes selloff

US stocks fell for the first time in four days as investors assessed the outlook for the path of interest-rate hikes after minutes from the Federal Reserve’s last meeting noted officials saw risks from tightening more than necessary.  The S&P 500 Index end...

Source: BNN Bloomberg August 18, 2022

TSX recap: Materials, financials and tech drag down index

Canada’s benchmark stock index was under pressure Wednesday as materials, financial and tech equities weighed. The S&P/TSX Composite Index closed down 88.52 points, or 0.44 per cent, to 20,181.44. Shopify Inc., TC Energy Corp. and Agnico Eagle Mines Ltd...

Market Call Source: BNN Bloomberg August 18, 2022

Chris Blumas' Top Picks: August 17, 2022

Chris Blumas, portfolio manager, Raymond James Investment Counsel FOCUS: North American large caps  MARKET OUTLOOK: It’s been a roller coaster ride for investors so far in 2022. Equity markets sold off at the start of the year and have rebounded so...

Source: BNN Bloomberg August 17, 2022

TSX recap: Broad-based gains narrowly offset losses in energy and materials

Canada's benchmark stock index closed in positive territory Monday as falling crude oil prices weighed on the energy sector. At 4:05 p.m. EDT, the S&P/TSX Composite Index gained 0.79 points, to 20,180.60. The TSX energy and materials subgroups were the...

Source: BNN Bloomberg August 17, 2022

U.S. stocks shake off tech slide as dip buyers emerge

US stocks closed higher following a sudden pullback in tech shares, with investors assessing the latest round of upbeat earnings against a backdrop of growing concerns over slowing growth and rising borrowing costs. The S&P 500 managed to post modest gains...

Source: BNN Bloomberg August 17, 2022

Investors no longer 'apocalyptically' bearish, BofA survey shows

Investors are pulling back from their record pessimism about stocks amid speculation that inflation has peaked, marking a break in the “apocalyptically bearish” sentiment that had been gripping markets, Bank of America Corp.’s monthly fund manager survey show...

Company News Source: BNN Bloomberg August 17, 2022

Carnival Cruise bookings nearly double after COVID-19 curbs eased

Carnival Corp. shares rose as much as 4.1 per cent after the cruise company’s flagship division reported a surge in bookings following the lifting of some COVID-19 restrictions. Carnival Cruise Line said bookings on Monday were “nearly double” the level fo...