Daily News

FP Economy Source: Financialpost June 22, 2022

High inflation 'is keeping us up at night,' says Bank of Canada senior deputy governor

Carolyn Rogers does not rule out 75-basis-point hike in July The Bank of Canada’s senior deputy governor said inflation is keeping the central bankers “up at night” and did not rule out a three-quarter point hike after data revealed CPI has hit a n...

Source: BNN Bloomberg June 21, 2022

U.S. futures gain with European stocks; Dollar slips

US index futures staged a rebound on Monday along with stocks in Europe as investors weighed whether last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. S&P 500 contracts advanced about 1.1 per cent after the...

Source: BNN Bloomberg June 21, 2022

Bitcoin holds above US$20,000 after week of forced crypto selling

Cryptocurrencies showed tentative signs of recovering from last week’s rout, with tokens like Avalanche gaining and Bitcoin holding above US$20,000. Avalanche advanced as much as 9.7 per cent, leading gains among altcoins like Chainlink, Polkadot and Polyg...

Source: BNN Bloomberg June 21, 2022

'Good upside' in MTY, Tim Hortons' parent: Portfolio manager

Some of Canada’s most well-known names in the fast-food world could be buying opportunities as they regain their footing post-pandemic, according to one portfolio manager. Jean-François Tardif, the founder and portfolio manager at Timelo Investment Managem...

Source: BNN Bloomberg June 21, 2022

Bankers see tumult paving rocky road for Canada equity deals

Two top Canadian investment bankers predict that this year’s dearth of initial public offerings and other share sales will persist until central banks show progress fighting inflation and quelling market volatility. Concerns that runaway inflation will pro...

Market Call Source: BNN Bloomberg June 21, 2022

Teal Linde's Top Picks: June 20, 2022

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks MARKET OUTLOOK: Our year-end 2021 outlook stated some reasons why we were doubtful that the S&P 500 could deliver a fourth consecutive year of 15 per cent-plus re...

FP Economy Source: Financialpost June 21, 2022

Inflation not holding back Canadians from spending as retail sales jump

Suggests rising interest rates, inflation, slumping consumer confidence yet to impact household spending in major way Canadians continued to show a willingness to spend, according to retail sales data out on Tuesday, even as accelerating inflation...

FP Economy Source: Financialpost June 20, 2022

Freeland says Ottawa 'prepared to do more' if inflation stays hot

For now, however, the finance minister said she thinks she's done enough Finance Minister Chrystia Freeland said the federal government is prepared to take additional steps to offset the rising cost of living if inflation continues to accelerate....

Source: BNN Bloomberg June 18, 2022

U.S. equities end turbulent week with a modest gain

US stocks rallied Friday as sentiment improved after traders parsed comments from Federal Reserve officials who reiterated that the central bank needs to do more to curb the hottest inflation in 40 years.  While the S&P 500 rose on Friday, it still closed...

Market Call Source: BNN Bloomberg June 18, 2022

Darren Sissons' Top Picks: June 17, 2022

Darren Sissons, vice-president and partner at Campbell, Lee & Ross FOCUS: Global and technology stocks MARKET OUTLOOK: Central banks telegraphed clearly the world is changing: interest rates would rise as they did again in the U.S. on Wednesday. Ce...