Daily News

Source: BNN Bloomberg October 27, 2022

U.S. stocks snap three-day rally; Treasuries gain

Wall Street saw session of twists and turns on Wednesday, with stocks snapping a three-day rally as earnings from megacap firms highlighted the toll the Federal Reserve, and consequently the surging dollar, had on the economy.  The S&P 500 closed lower and...

Source: BNN Bloomberg October 27, 2022

TSX recap: Index finishes trading 0.96% higher

Canada's main stock index was up almost 200 points on Wednesday, buoyed by strength across all sectors on news of a half-percentage point interest rate hike, while U.S. markets were mixed, weighed down by tech stocks.  The S&P/TSX Composite Index was up 18...

Source: Bankofcanada October 27, 2022

Triennial Central Bank Survey of Foreign Exchange and Derivatives Market Activity in Canada during April 2022

In April, the Bank of Canada and 51 other central banks and monetary authorities conducted the latest triennial survey of turnover activity in the foreign exchange (...

Source: Financialpost October 27, 2022

Suncor's purchase of Teck's Fort Hills share will cost more than the $1-billion price tag

The oilsands major also faces a $2.6-billion writedown on an asset with a checkered track record Suncor Energy Inc.’s buyout of Teck Resource Ltd.’s stake in the Fort Hills mine in northern Alberta will cost more than the $1-billion purchase pr...

Source: Financialpost October 27, 2022

Vass Bednar: Why Champagne's intervention in the Rogers-Shaw merger rings hollow

Move could be interpreted as bullying the Competition Commissioner into doing what the government wants At 5.30 pm on Oct. 25, Industry Minister François-Philippe Champagne announced that he was denying the wholesale transfer of wireless spectr...

Source: Financialpost October 27, 2022

Posthaste: Canadians just saw the biggest drop in wealth on record — and the pain's not over

RBC expects $1.6 trillion to vanish under the weight of rising interest rates and falling home prices We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our te...

Economy Source: Financialpost October 27, 2022

'We're not there yet': Macklem signals more rate hikes as economists make bets on how high they'll go

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 Most economists p...

Economy Source: Financialpost October 27, 2022

Kevin Carmichael: Why Tiff Macklem is willing to risk a recession to crush inflation

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 Macklem is unwill...

Source: BNN Bloomberg October 26, 2022

U.S. stocks rally for a third day with earnings on tap

U.S. stocks rose on Tuesday after a fresh batch of corporate earnings largely beat estimates even as investors weighed risks to economic growth from the Federal Reserve raising interest rates to combat inflation. The S&P 500 and the Nasdaq 100 rose for a t...

Source: BNN Bloomberg October 26, 2022

Venture debt in the spotlight amid tech downturn, falling valuations

When investor exuberance in tech stocks faded as COVID-19 spending habits petered out and recession predictions grew, the head of the Silicon Valley Bank's Canadian arm knew what would keep startups going: venture debt. The loans obtained by early-stage co...