Daily News

Source: BNN Bloomberg May 13, 2022

Apple drops 22% from January peak as tech selloff continues

Apple Inc. shares fell on Thursday, with the stock now about 22 per cent below its January peak as a selloff in technology stocks spreads from more speculative shares to the world’s biggest companies. The stock fell 2.7 per cent to US$142.56 and is trading...

Company News Source: BNN Bloomberg May 13, 2022

WSP Global beats earnings expectations as it locks down large projects

MONTREAL -- WSP Global Inc. secured key project wins across three continents this year, boosting profits and revenue and beating expectations in its first quarter. The Montreal-based engineering firm locked down contracts tied to Ontario's GO Transit rail...

Source: BNN Bloomberg May 13, 2022

Citi strategists see even more losses ahead for growth stocks

Growth stocks, including the battered tech sector, will likely remain under pressure as central banks tighten monetary policy, driving yields higher, according to Citigroup Inc. strategists. “Now that central banks are unwinding monetary support, growth st...

Market Call Source: BNN Bloomberg May 13, 2022

Paul MacDonald's Top Picks: May 12, 2022

Paul MacDonald, chief investment officer and portfolio manager at Harvest Portfolios Group FOCUS: U.S. large cap health care stocks MARKET OUTLOOK: Macro uncertainty remains high driven by persistent inflation, supply chain congestion, heightened g...

Source: BNN Bloomberg May 12, 2022

Stocks slump as Treasury curve flattens after CPI

Stocks slid after data showed that US inflation will remain high for quite some time, adding to concern the Federal Reserve may be forced to unleash further tightening measures that could tip the economy into a recession. Remarks from Fed Bank of Atlanta P...

Source: BNN Bloomberg May 12, 2022

Stock-and-bond rout turns financial clock back to Christmas 2018

Rising interest rates, plummeting stocks and the surging dollar have tightened reins on the economy to a point where the Federal Reserve has previously cried uncle. No such capitulation should be expected this time. Financial conditions, a multi-input meas...

Market Call Source: BNN Bloomberg May 12, 2022

Lorne Steinberg's Top Picks: May 11, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: The war in Ukraine and shutdowns in China are adding to inflationary pressures and supply chain disruption. Both are negat...

Source: BNN Bloomberg May 12, 2022

Measly 34 stocks dodge TSX's slide into correction

Less than two months ago, the S&P/TSX Composite reached an all-time closing high of 22,087.22 points on March 29. Back then, resource heavyweights like Canadian Natural Resources Ltd., Enbridge Inc., and Nutrien Ltd. were driving year-to-date gains as they ro...

Source: BNN Bloomberg May 12, 2022

Dividend 'bonanza' coming from Canada's banks: Analyst

With another earnings season just around the corner, a veteran analyst said investors should count on a flurry of dividend hikes from Canada's lenders. "On the capital front, with no change to dividend policies in [the previous quarter], we expect a bonanz...

Source: Bankofcanada May 12, 2022

How commodity prices affect our economy

Deputy Governor Toni Gravelle talks about the spike in commodity prices over the past two years, the impact on inflation and how the Bank of Canada is responding....