Daily News

Source: Financialpost November 11, 2022

From $16 billion to zero: Fortune of FTX's Bankman-Fried wiped out in days

One of history’s greatest-ever destructions of wealth Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. The entire US$1...

Work Source: Financialpost November 11, 2022

Recession or not, some Canadian employers say they're going to keep their workers

The challenge of hiring over the last few months is giving companies pause OTTAWA — Some Canadian employers say they plan to hold onto their workers even if the economy slips into a recession rather than risk not be able to rehire later, which...

Retail & Marketing Source: Financialpost November 11, 2022

Giant Tiger CEO departs amid efforts to position retailer as go-to discount store for inflation-weary shoppers

Privately held retailer has expanded its offering of fresh groceries this year as consumers search for discounts and low prices Giant Tiger Stores Ltd. chief executive Paul Wood departed the company this week in the midst of positioning the dis...

Source: Financialpost November 11, 2022

David Rosenberg: Why that 'remarkable' stock market rally was just another head fake

Flashy rallies like yesterday's 5.5% surge only tend to happen in bear markets, not bull markets We had a lot of big market moves on Thursday, and it all comes down to what the consumer price index (CPI) report did to United States Federal Rese...

Economy Source: Financialpost November 11, 2022

Kevin Carmichael: Why the Bank of Canada's mandate renewal a year ago is causing Macklem headaches today

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC There remains a c...

Source: BNN Bloomberg November 10, 2022

U.S. stocks sink on crypto, earnings woes ahead of CPI

U.S. stocks declined as disappointing earnings and renewed selling in cryptocurrencies weighed on risk sentiment ahead of a key inflation report. The dollar gained for the first time in four days.  The S&P 500 put paid to a three-day rally, with all 11 maj...

Source: BNN Bloomberg November 10, 2022

TSX today: Index finishes 1.61% lower amid weakness in energy

Canada's main stock index was down more than 300 points Wednesday with losses of more than four per cent in energy while most other sectors were also down, and U.S. markets also fell.  The S&P/TSX Composite Index was down 316.06 points, or 1.61 per cent, a...

Market Call Source: BNN Bloomberg November 10, 2022

Brian Madden's Top Picks: November 9, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities  MARKET OUTLOOK: Markets over the past month are bouncing amidst an ongoing cyclical downturn that began nearly a year ago for the leading techno...

Source: BNN Bloomberg November 10, 2022

Optimism on dating stocks Bumble, Match may finally be rewarded

Analysts unanimously missed the plunge in shares of Match Group Inc. and Bumble Inc. this year, and still don’t have a single sell rating on the online-dating companies. The difference is, now they have a much better chance of being proven right in their opti...

Source: BNN Bloomberg November 10, 2022

Mattea Roach, Canada's most successful 'Jeopardy!' player on investing her winnings

Canada’s most successful "Jeopardy!" player Mattea Roach said she wants to invest her winnings in sustainable companies. “Investing sustainably is something that I consider to be very important,” the Toronto-based tutor and podcast host of “The Backbench”...