Daily News

FP Comment Source: Financialpost August 08, 2022

Opinion: To understand and forecast inflation, follow the money

History shows that a rise in the cost of living follows excessive growth in the money supply Former Bank of Canada Governor John Crow was once asked whether the money supply had been used in the Bank’s economic model and forecasts he had just prese...

Technology Source: BNN Bloomberg August 06, 2022

U.S. stocks notch weekly gain after jobs data surprise

US stocks notched a weekly gain after a surprisingly strong jobs report alleviated recession fears but cleared the path for the Federal Reserve to raise rates sharply at its next meeting.  The S&P 500 suffered a decline on Friday after falling as much as 1...

Source: BNN Bloomberg August 06, 2022

Canadian stock traders lose out with currency-hedged receipts

Canadian stock investors who embraced a unique kind of depositary receipt that hedges against currency fluctuations ended up losing out because of the greenback’s gains. The securities from Canadian Imperial Bank of Commerce debuted about a year ago with a...

Market Call Source: BNN Bloomberg August 06, 2022

Brendan Caldwell's Top Picks: August 5, 2022

Brendan Caldwell, president and CEO, Caldwell Investment Management FOCUS: North American equities  MARKET OUTLOOK: In a recent commentary to the markets, the U.S. Federal Reserve signalled a willingness to tolerate a recession – hopefully mild – r...

Source: BNN Bloomberg August 06, 2022

TSX gains as investors weigh earnings, economic concerns

The S&P/TSX Composite Index managed to end with a gain on Friday after spending most of the day in negative territory as investors digested another barrage of corporate earnings and a jobs report that fueled concerns about a slowing economy. The index clos...

Source: BNN Bloomberg August 06, 2022

Big Oil is paying out years of dividends in one day

Some oil and gas companies are flush with so much cash that they are paying out a full year’s worth of dividends in a single day -- and sometimes more than that. While reporting second quarter results Thursday, ConocoPhillips informed investors that it wil...

Source: BNN Bloomberg August 05, 2022

U.S. stocks little changed as traders parse earnings

US stocks wavered on Thursday as traders parsed various corporate earnings against a backdrop of aggressive interest-rate hikes by global central banks. The US yield curve remained inverted as recession fears persisted. The S&P 500 ended the session little...

Source: BNN Bloomberg August 05, 2022

Bank of England raises rates by most since 1995, warns of long recession

(Bloomberg) -- The Bank of England unleashed its biggest interest-rate hike in 27 years as it warned the U.K. is heading for more than a year of recession under the weight of soaring inflation. The half-point increase to 1.75 per cent was backed by eight o...

Source: BNN Bloomberg August 05, 2022

TSX recap: Market gains after jam-packed earnings day

Canada’s benchmark stock index finished the trading day higher on Thursday as investors digested a slew of earnings releases. The S&P/TSX Composite Index closed up 31.10 points, or 0.16 per cent, to 19,577.04. Shares of Restaurant Brands International I...

Source: BNN Bloomberg August 05, 2022

Goldman, Bernstein strategists say stocks rally can fizzle out

The recent brisk rebound in equity markets won’t last as the macroeconomic data continue to deteriorate and earnings forecasts are being slashed, strategists at Goldman Sachs Group Inc. and Sanford C. Bernstein warn. “Without clear signs of a positive shif...