Daily News

Stocks sank in a widespread rout amid concern about the Federal Reserve’s ability to tame decades-high inflation without throwing the economy into a recession. The S&P 500 pushed toward its lowest since March 2021, while Treasury yields adjusted for price...

The head of Canada’s largest tech company is taking issue with the analysts that cover the firm. In a series of tweets posted on Sunday, Shopify Inc. Chief Executive Officer Tobi Lutke asked why there isn’t more accountability from investors for the analys...

Barry Schwartz, chief investment officer and portfolio manager at Baskin Wealth Management FOCUS: North American large cap stocks MARKET OUTLOOK: This is my 22nd year of investing other people’s money (and my own) and this is the seventh major mark...

Pfizer Inc. said it will acquire Biohaven Pharmaceutical Holding Co. for US$11.6 billion in cash to gain an approved treatment for migraine headaches.  Pfizer will pay US$148.50 a share for all of New Haven, Connecticut-based Biohaven’s outstanding stock,...

Canadian stocks dropped for a fourth straight day, closing on the brink of the first correction since 2020, as investors exit risk assets on concerns about rate hikes and slowing economic growth. The S&P/TSX Composite Index closed 0.6 per cent lower on Tue...

BDC Capital is ramping up efforts to bring in institutional investors as partners, as the Canadian government-owned venture capital firm seeks to increase its footprint in fast-growing industries such as clean tech.   A “sort of key theme that we’re pursui...

Stocks closed higher in another session marked by several twists and turns, with investors trying to make sense of comments from a multitude of Federal Reserve speakers ahead of key US inflation data on Wednesday. The S&P 500 bounced back after a selloff t...

Rob Lauzon, chief investment officer, Middlefield Capital Corporation FOCUS: North American equities MARKET OUTLOOK: Investors are facing a myriad of macro risks including tightening monetary policy, ongoing supply chain concerns, the war in Ukrain...

Monday, May 9 Notable data: Building Permits, US Wholesale Trade Notable earnings: Coty, Tyson Foods, Zynga, Duke Energy, Ovintiv, Boardwalk REIT, Ritchie Bros Auctioneers, RioCan REIT, Element Fleet Management, Finning International, Hudbay Minerals,...

Stocks rallied the most since May 2020 and Treasury yields fell after Federal Reserve Chair Jerome Powell eased concern the central bank will embark on a more aggressive pace of tightening after delivering its steepest rate increase in two decades. Traders...