Daily News

Market Call Source: BNN Bloomberg June 10, 2022

Varun Anand's Top Picks: June 9, 2022

Varun Anand, vice president and senior portfolio manager, Starlight Capital FOCUS: Global infrastructure stocks MARKET OUTLOOK: Ongoing geopolitical uncertainty combined with elevated inflation has resulted in surging commodity prices and has left...

Source: BNN Bloomberg June 10, 2022

S&P 500 slumps more than 2% in late-day selloff

US stocks fell for a second day with growth concerns in focus after Europe’s central bank became the latest to signal restrictive policies to combat inflation. The dollar gained and Treasury yields rose. Selling accelerated in the last hour of trading, wit...

Source: BNN Bloomberg June 10, 2022

Canada cancels ultra-long bond sale as tax revenue pours in

Canada unexpectedly canceled an ultra-long bond issuance, potentially terminating the maturity as a surge in revenue reduces the government’s borrowing needs. The Bank of Canada said Thursday that an auction of 2064 bonds on June 16 won’t happen, just as t...

Source: Bankofcanada June 10, 2022

Financial System Review—2022

A stable and efficient financial system is essential for sustaining economic growth and raising living standards. In the Financial System Review, the B...

FP Economy Source: Financialpost June 10, 2022

Canada's jobless rate drops to new record low — what you need to know

Kevin Carmichael: If inflation wasn't so troubling, we'd be talking about the strongest labour market in memory Canadian employers added 40,000 jobs in May, and the jobless rate dropped to 5.1 per cent. Here’s what you need to know about such remar...

Source: BNN Bloomberg June 09, 2022

Stocks fall as oil's ascent stokes inflation fears

US stocks fell after a two-day rally and oil continued its relentless rise, fueling worries about inflation and measures by central banks to contain it. The S&P 500 ended near session lows, with all but one of the 11 major sectors in the red. The tech-heav...

Source: BNN Bloomberg June 09, 2022

Retailers renewed confidence in brick-and-mortar fuelling surge in commercial leases

When the COVID-19 pandemic struck and many abandoned in-person shopping and dining out, brick-and-mortar retail became one of the most undesirable assets in Canada. But now, as many Canadians no longer fear congregating and vaccine passports have been drop...

Market Call Source: BNN Bloomberg June 09, 2022

Gordon Reid's Top Picks: June 8, 2022

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Financial markets are roiled by the possibility of a recession caused by the actions of the Federal Reserve to control inflation. No one has a crystal...

Source: BNN Bloomberg June 09, 2022

Don't be fooled by daily drama. The stock market is in a rut.

It might not exactly feel like it, but the stock market has been, well, kind of boring.  The choppiness and seemingly constant mid-session about-faces are obscuring the bigger picture: the S&P 500 has been vacillating within a roughly 100-point range over...

Source: Bankofcanada June 09, 2022

Release of the Financial System Review

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss the Bank of Canada’s Financial System Review (FSR). The FSR...