Daily News

Executive Summary Source: Financialpost June 22, 2022

Posthaste: Canadians are giving up on retiring anytime soon as inflation soars

It's much too expensive to retire right now, older Canadians say Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page....

FP Economy Source: Financialpost June 22, 2022

Inflation surges to 7.7%, fastest since 1983: What Canadians need to know

Kevin Carmichael: The Bank of Canada is staring down the most dangerous burst of inflation since it started targeting CPI Canada’s consumer price index increased 7.7 per cent in May from a year earlier, the fastest since 1983, Statistics Canada rep...

FP Economy Source: Financialpost June 22, 2022

High inflation 'is keeping us up at night,' says Bank of Canada senior deputy governor

Carolyn Rogers does not rule out 75-basis-point hike in July The Bank of Canada’s senior deputy governor said inflation is keeping the central bankers “up at night” and did not rule out a three-quarter point hike after data revealed CPI has hit a n...

Source: BNN Bloomberg June 21, 2022

U.S. futures gain with European stocks; Dollar slips

US index futures staged a rebound on Monday along with stocks in Europe as investors weighed whether last week’s selloff had gone far enough to price in concerns about rising rates and slowing growth. S&P 500 contracts advanced about 1.1 per cent after the...

Source: BNN Bloomberg June 21, 2022

Bitcoin holds above US$20,000 after week of forced crypto selling

Cryptocurrencies showed tentative signs of recovering from last week’s rout, with tokens like Avalanche gaining and Bitcoin holding above US$20,000. Avalanche advanced as much as 9.7 per cent, leading gains among altcoins like Chainlink, Polkadot and Polyg...

Source: BNN Bloomberg June 21, 2022

'Good upside' in MTY, Tim Hortons' parent: Portfolio manager

Some of Canada’s most well-known names in the fast-food world could be buying opportunities as they regain their footing post-pandemic, according to one portfolio manager. Jean-François Tardif, the founder and portfolio manager at Timelo Investment Managem...

Source: BNN Bloomberg June 21, 2022

Bankers see tumult paving rocky road for Canada equity deals

Two top Canadian investment bankers predict that this year’s dearth of initial public offerings and other share sales will persist until central banks show progress fighting inflation and quelling market volatility. Concerns that runaway inflation will pro...

Market Call Source: BNN Bloomberg June 21, 2022

Teal Linde's Top Picks: June 20, 2022

Teal Linde, manager, Linde Equity Fund FOCUS: North American mid and large-cap stocks MARKET OUTLOOK: Our year-end 2021 outlook stated some reasons why we were doubtful that the S&P 500 could deliver a fourth consecutive year of 15 per cent-plus re...

FP Economy Source: Financialpost June 21, 2022

Inflation not holding back Canadians from spending as retail sales jump

Suggests rising interest rates, inflation, slumping consumer confidence yet to impact household spending in major way Canadians continued to show a willingness to spend, according to retail sales data out on Tuesday, even as accelerating inflation...

FP Economy Source: Financialpost June 20, 2022

Freeland says Ottawa 'prepared to do more' if inflation stays hot

For now, however, the finance minister said she thinks she's done enough Finance Minister Chrystia Freeland said the federal government is prepared to take additional steps to offset the rising cost of living if inflation continues to accelerate....