Daily News

Source: BNN Bloomberg April 27, 2022

Tesla drop wipes out US$126B on Musk's 'bear festival'

Tesla Inc. wiped roughly US$126 billion off its valuation Tuesday as the stock fell 12 per cent on investors’ concern that Elon Musk may sell shares to complete his US$44 billion takeover of Twitter Inc. The electric-vehicle maker’s market capitalization i...

Source: BNN Bloomberg April 27, 2022

TSX hits three-month low on fears about slowing economic growth

Canada's main stock index lost more than 300 points as a big drop in the technology sector drove it to its lowest level in three months on ongoing concerns about slowing global economic growth. Giles Marshall, portfolio manager at Fiduciary Trust Canada, s...

Source: Bankofcanada April 27, 2022

Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

Good evening. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: BNN Bloomberg April 26, 2022

Ontario pension looks for real estate, infrastructure amid inflation

Ontario’s pension fund for government workers is seeking out more deals in infrastructure and real estate as it prepares for a protracted period of high inflation. “We do believe inflation will be elevated for the next 10 years compared to the last 10 year...

Source: BNN Bloomberg April 26, 2022

Bank of Canada will consider another half-point hike: Macklem

Bank of Canada Governor Tiff Macklem said the central bank will consider another 50-basis-point increase to its benchmark interest rate to wrestle inflation down from three-decade highs. Speaking to lawmakers in Ottawa on Monday, Macklem said the decision...

Source: BNN Bloomberg April 26, 2022

U.S. stocks rebound ahead of big tech earnings week

U.S. stocks rose in a late-day turnaround as dip-buyers emerged ahead of a busy week for Big Tech earnings. The S&P 500 rallied back in a choppy afternoon session to end near highs of the day, after falling to lows near the 4200 level. The tech-heavy Nasda...

Market Call Source: BNN Bloomberg April 26, 2022

David Fingold's Top Picks: April 25, 2022

David Fingold, vice president and senior portfolio manager, Dynamic Funds FOCUS: U.S. and global stocks MARKET OUTLOOK: Given the recent volatility in equity and fixed income markets, we recommend investors approach markets with a focus on quality...

Source: Bankofcanada April 26, 2022

The Bank of Canada Releases Its Annual Report for 2021

The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website. For...

Source: Bankofcanada April 25, 2022

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

FP Economy Source: Financialpost April 25, 2022

Macklem hints at a second half-point rate hike, while dousing talk he could go bigger

'Anything bigger than a 50-point increase would be very unusual' Bank of Canada governor Tiff Macklem telegraphed a second half-point increase at the central bank’s next interest-rate announcement, while dousing speculation he might be considering...