Daily News

Source: BNN Bloomberg October 28, 2022

U.S. stocks drop for a second day; Amazon plunges

Wall Street contended with another volatile session as investors mulled the Federal Reserve’s path of interest-rate hikes while assessing mixed economic data and a slew of earnings reports. Amazon.com Inc. plunged after hours as its sales forecast trailed est...

Source: BNN Bloomberg October 28, 2022

TSX recap: Index finishes 0.38% higher, marking five days of gains

Canada's main stock index closed up for a fifth day in a row, buoyed by strength in information technology and battery metals, while U.S. stocks were mixed on tech earnings and new economic data.  The S&P/TSX Composite Index closed up 72.35 points, or 0.38...

Market Call Source: BNN Bloomberg October 28, 2022

Barry Schwartz's Top Picks: October 27, 2022

Barry Schwartz, chief investment officer and portfolio manager, Baskin Wealth Management FOCUS: North American large-cap stocks  MARKET OUTLOOK:  We do not wish to minimize the extent of the market decline in 2022. The period to Sept. 30 has seen t...

Source: Financialpost October 28, 2022

Canada GDP numbers out today show economy gearing down

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Growth rate fell...

Source: Financialpost October 28, 2022

The very Canadian problem at the heart of our supply chain woes

Two railways rule the country. Is it time for more competition? A wooden bridge burned down one morning this month on a rail line in northwestern Alberta, near an S-shaped bend in the Smoky River about 100 kilometres south of Grande Prairie. An...

Source: Financialpost October 28, 2022

Elon Musk starts cutting jobs at Twitter as staff seen leaving with boxes

Cuts started right after the deal closed Thursday Elon Musk has started to cut employees at Twitter Inc. We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from...

Source: Financialpost October 28, 2022

David Rosenberg: Canada's housing bubble has burst — now brace yourself for the economic hit

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC The upcoming rece...

Economy Source: Financialpost October 28, 2022

Finance minister to deliver fall economic statement on Nov. 3

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Update on federal...

Source: BNN Bloomberg October 27, 2022

Alphabet, Microsoft spark US$300B megacap rout

Technology powerhouse Alphabet Inc. thrilled investors during the bull market by consistently reporting stronger-than-expected sales and earnings. Those days are over. Disappointing quarterly updates from the Google parent, as well as Microsoft Corp. and s...

Market Call Source: BNN Bloomberg October 27, 2022

Stan Wong's Top Picks: October 26, 2022

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: After a grueling September, equity markets have bounced higher with the S&P 500 Index higher by over seven per cent thus far in Octob...