Daily News

Source: BNN Bloomberg August 25, 2022

TSX recap: Financial markets largely flat; all eyes on upcoming Jackson Hole conference

North American stock markets were largely flat Wednesday as investors took a breather in advance of Friday's meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index was up 36.03 points at 20,021.38. In New York, the Dow Jon...

Market Call Source: BNN Bloomberg August 25, 2022

Darren Sissons' Top Picks: August 24, 2022

Darren Sissons, vice-president and partner, Campbell, Lee & Ross  FOCUS: Global and technology stocks   MARKET OUTLOOK: The markets have entered a period of heightened volatility that will continue for the foreseeable future. That volatility spike...

Source: BNN Bloomberg August 25, 2022

U.S. stock traders hold back on big bets before Powell

Stock traders remained hesitant to make any huge bets ahead of Jerome Powell’s speech on Friday, which may provide clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges. After wandering aimlessly earlier Wednesday, th...

Source: BNN Bloomberg August 25, 2022

Lockstep markets primed for all-or-nothing sweepstakes on Powell

No one knows for sure what Chair Jerome Powell will say in his speech on Federal Reserve monetary policy Friday. One thing is clear, though: the potential for marketwide shock is sky high.  Stocks, bonds, commodities -- everything is moving in lockstep, th...

Source: Bankofcanada August 25, 2022

Bank of Canada launches process to appoint new non-executive Deputy Governor

Further to the announcement that Deputy Governor Timothy Lane will be retiring from the Bank on September 16, the Board of Directors of the Bank has initiated a recr...

FP Work Source: Financialpost August 25, 2022

Canadian job vacancies climb to new record, signalling more inflation pressure

Employers were actively recruiting for more than one million vacant positions for the third consecutive month Job vacancies set a new record in June, indicating that a tight labour market remains a source of inflationary pressure, as employers were...

Source: BNN Bloomberg August 24, 2022

U.S. stocks finish lower with 10-year U.S. yield topping 3%

Stocks retreated after weak economic data, with traders awaiting more clarity on the Federal Reserve’s monetary policy path from the annual central bankers’ symposium later this week. The S&P 500 saw its third straight drop after swinging between gains and...

Source: BNN Bloomberg August 24, 2022

Top Toronto fund manager sours on U.S. stocks as recession looms

IG Wealth Management, one of Canada’s biggest asset managers, is cooling on the US stock market while boosting its position on its home country as valuations sink to some of their lowest levels on record. The Toronto-based asset manager, which oversees $11...

Source: BNN Bloomberg August 24, 2022

TSX recap: Composite edges slightly higher as price of oil climbs

Gains in the energy and mining sectors helped lift Canada's main stock index into slightly positive territory Tuesday, outweighing the negative impact of Scotiabank's worse-than-expected third-quarter financial results. The S&P/TSX composite index closed u...

Source: BNN Bloomberg August 24, 2022

Young retail traders see 'even worse' times ahead for markets

US institutional investors became more optimistic about stocks during the summer rally, but retail traders under 40 are becoming more gloomy over where markets are headed.  “I don’t think the storm will be over in this year or next year,” said Errol Colema...