Daily News

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...

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...

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...

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...

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...

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...

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...

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...

Even for Alphabet Inc., financial gimmickry is no match for the power of the bear market. The Google parent’s shares sank 2.5 per cent on Monday, the first day of trading after a 20-for-1 split that brought its stock price down to the US$100 range from mor...

The S&P/TSX Composite Index’s winning streak was halted Friday as losses in the technology subgroup led a broadly lower day for Canadian stocks. At 4:00 p.m. ET, the Canadian benchmark index closed down 79.93 points to 18,982.92. The TSX had closed higher...