Daily News

Source: BNN Bloomberg October 15, 2022

BMO's Belski cuts TSX target to 'more realistic' 21,000

BMO Capital Markets Chief Investment Strategist Brian Belski, who just a few days ago was clinging to a year-end S&P/TSX Composite Index target that implied almost 32 per cent potential upside, has cut that outlook. “Given the persistent inflationary envir...

Source: BNN Bloomberg October 15, 2022

Private bets shield world's largest investors from market mayhem

A shift toward private markets is cushioning many of the world's largest investors from the wreckage wrought by runaway inflation and spiraling interest rates. The big question now looming over giants from China's US$1.2 trillion sovereign wealth fund to C...

Source: BNN Bloomberg October 15, 2022

TSX recap: Index closes down 1.54% amid losses in energy and base metal stocks

Canada's main stock index fell almost 300 points Friday after a surprise reversal Thursday, pulled down by losses in energy and base metals, while the U.S. markets fell at a steeper rate. The S&P/TSX Composite Index was down 287.28 points, or 1.54 per cent...

Source: BNN Bloomberg October 15, 2022

Stocks defy logic in a see-saw week riled by inflation

At times this week, not even a crystal ball into the economy would’ve helped foretell the stock market’s return. Red-hot consumer prices? Stocks rallied violently, adding 5 per cent in a flash. In the end, though, the direction of the drift was all too pre...

Source: BNN Bloomberg October 14, 2022

U.K. pension funds selling stokes fear across bond markets

U.K. pension funds are dumping assets to meet margin calls as the BOE confirmed it will end emergency bond buying, and the reverberations are being felt everywhere from Sydney to Frankfurt and New York.  In the US, investment-grade corporate bonds are fall...

Source: BNN Bloomberg October 14, 2022

Core U.S. inflation rises to 40-year high, securing big Fed hike

A closely watched measure of U.S. consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, whi...

Source: BNN Bloomberg October 14, 2022

TSX recap: Index closes 2.24% higher

Canada’s main stock index was up more than 400 points after a tumble right out of the gate, while U.S. stock markets also recovered significantly from the dip.  The S&P/TSX Composite Index was up 407.35 points, or 2.24 per cent, at 18,613.63. In New Yor...

Source: BNN Bloomberg October 14, 2022

U.S. stocks surge in wild ride after CPI data selloff

U.S. stocks roared back from losses sparked by a hot inflation reading on speculation the yearlong selloff had potentially reached a bottom.  The S&P 500 closed up 2.6 per cent after swinging more than 5 per cent during a wild trading day. The benchmark cl...

Market Call Source: BNN Bloomberg October 14, 2022

Kim Bolton's Top Picks: October 13, 2022

Kim Bolton, president and portfolio manager of Black Swan Dexteritas FOCUS: Technology stocks MARKET OUTLOOK: The equity markets are exiting what has historically been the weakest three-month period of the year and entering what has historically be...

Source: Financialpost October 14, 2022

Pre-construction condo flippers may be left holding the bag as buyers disappear

Insider says he has never seen the market so soft Nervous investors looking to offload their pre-construction condos in the secondary market may find themselves out of luck, industry watchers say, as a softening real estate market and rising in...