Daily News

Economy Source: Financialpost October 24, 2022

Victor Dodig: Canada must urgently address affordability, housing woes so immigrants can thrive

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 Our shared prospe...

Source: Financialpost October 23, 2022

Which provinces will be most vulnerable in the coming economic downturn

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 Marc Desormeaux,...

Source: Financialpost October 23, 2022

'Whistling past the graveyard’: Bank of Canada expected to go big with October rate hike as recession risks loom

The central bank is expected to raise the policy rate by 50 or 75 basis points as part of the Bank's strategy of front-loading rate hikes Canada’s top economists are expecting the Bank of Canada to deliver another outsized rate hike on Wednesda...

Source: BNN Bloomberg October 22, 2022

U.S. Fed-obsessed traders lift stocks as yields slide

Wall Street saw another day of big reversals, with stocks notching their best week since June after a Treasury rout sputtered. The yen jumped as Japan intervened again to prop up the currency. At a time when traders have been obsessed about the outlook for...

Source: BNN Bloomberg October 22, 2022

​Analyst reaction to Interfor, Corus and Snap

Earnings season has put a spotlight on some of the key challenges corporations are facing which include weakened consumer demand and a pull back in advertising dollars.  Here's a look at what analysts had to say about Interfor Corporation, Corus Entertainm...

Market Call Source: BNN Bloomberg October 22, 2022

Bruce Campbell's Top Picks: October 21, 2022

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks MARKET OUTLOOK: Markets continue to be volatile with choppy trading on a daily basis. Multiple cross currents including inflation, central ban...

Source: BNN Bloomberg October 22, 2022

More pain for Canadian stocks as earnings dampen, Scotiabank says

Canadian companies are barreling toward even more pain amid an earnings season threatened by market volatility and a recession. Companies listed on the S&P TSX Composite Index are headed for their first sequential decline in a year, according to analysts a...

Source: BNN Bloomberg October 22, 2022

The Week Ahead: Air Canada earnings; BoC policy announcement and Monetary Policy Report

Monday, October 24 Notable earnings: PrairieSky Royalty, Celestica Tuesday, October 25 Notable data: S&P CoreLogic Case-Shiller Home Price Index, U.S. Conference Board Consumer Confidence Index (Oct) Notable earnings: Neighbourly Pharmacy,...

Source: BNN Bloomberg October 21, 2022

Banks saddled with US$30B in unwanted debt in risk exodus

The world's biggest banks have already had to use about US$30 billion of their own cash this year to fund loans for acquisitions and buyouts that they weren't able to offload to investors. The lenders have been forced to fund at least 15 deals in the U.S....

Source: BNN Bloomberg October 21, 2022

TSX recap: Index closes 0.51% lower

Canada's main stock index ended down almost a hundred points after rising by more than a hundred points in the late morning, while U.S. markets saw a similar reversal.  The S&P/TSX Composite Index was down 95.11 points, or 0.51 per cent, at 18,579.29....