Daily News

FP Economy Source: Financialpost May 26, 2022

Inez Jabalpurwala: Long COVID contributing to brain health crisis disrupting labour force, economy

More than one million Canadians, or about five per cent of the Canadian labour force, could be affected The effects of long COVID — where symptoms of the COVID-19 virus persist beyond four weeks from initial infection — are disrupting our health, o...

FP Economy Source: Financialpost May 26, 2022

Canadian job vacancies jump to record high ahead of patio season: What you need to know

Expect interest rates to keep rising until this labour market cools Canadian employers were seeking to fill a record 1.03 million positions in March, led by a surge in openings at restaurants and hotels, Statistics Canada reported on May 26. Here’s...

Source: BNN Bloomberg May 25, 2022

Goldman strategist says stocks will bottom once Fed signals shift

The selloff in equities will reach a bottom once the Federal Reserve signals the end of tightening, which may not happen until recession is apparent, according to Goldman Sachs Group Inc.  “It may be necessary for the market to become more confident than i...

Source: BNN Bloomberg May 25, 2022

Wall Street is buying treasuries again in bet the worst is over

Across Wall Street, from BlackRock Inc. to T. Rowe Price Group Inc., some veterans of the bond market’s booms and busts are seeing signs that it’s safe to start buying again.  Few are eager to call the bottom just yet, not with inflation still surging at a...

Source: BNN Bloomberg May 25, 2022

Stocks finish off session lows while bonds climb

Stocks pared losses as a rebound in defensive companies offset a slide in technology shares triggered by a profit warning from Snap Inc. Gains in sectors such as utilities and consumer staples pushed the S&P 500 off from session lows. The tech-heavy Nasdaq...

Market Call Source: BNN Bloomberg May 25, 2022

Paul Harris' Top Picks: May 24, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks MARKET OUTLOOK: I think we are in a period of extended volatility with the Ukraine-Russian crisis, inflation and the Federal Reserve...

FP Economy Source: Financialpost May 25, 2022

Mary Ng walks out on Russian counterpart at APEC, signalling a shift in global co-operation

Policymakers such as Ng appear to have decided they don't want to be in the room when a Russian has something to say Just as Russia’s minister for economic development Maxim Reshetnikov was set to deliver his opening remarks at the 2022 Asia-Pacifi...

Source: BNN Bloomberg May 22, 2022

Mass outflows hit every asset class as recession fears climb

Investors fled every major asset class in the past week, with US equities and Treasuries a rare exception to the massive exodus, amid concerns that tightening monetary policy will push major economies into a recession. Equity funds had US$5.2 billion outfl...

Source: BNN Bloomberg May 22, 2022

S&P 500 sinks into bear market amid brutal equities selloff

A two-year run in stocks that began at the depths of the coronavirus panic and became one of most powerful bull markets on record is on the brink of extinction. The S&P 500 slipped more than two per cent on Friday, pushing it 20 per cent below its record c...

Source: BNN Bloomberg May 22, 2022

S&P 500 falls 20% from closing high as bonds gain

U.S. stocks continued their slide toward a bear market, with the S&P 500 dipping 20 per cent below its Jan. 3 closing record. Treasuries and the dollar gained as havens caught bids. The benchmark lost 1.7 per cent in afternoon trading. A close at that leve...