Daily News

Stocks tumbled as Jerome Powell gave a clear message that rates will likely stay high for some time, throwing cold water on the idea of a Federal Reserve pivot that could jeopardize its war against inflation. The rout deepened in afternoon New York trading...

From cancelling Friday night trips to the pub to pushing back soccer practice, global investors are pulling out all the stops to ensure they’re ready for the most important gathering of central bankers this year. Min Gyeong-won is taking no chances as the...

North American stock markets were down sharply Friday as investors reacted negatively to a speech by Federal Reserve chair Jerome Powell in which he said he expects to keep interest rates high in his fight against inflation. The S&P/TSX composite index was...

Michael Hakes, senior portfolio manager, The Murray Wealth Group FOCUS: U.S. and global stocks  MARKET OUTLOOK: The mood in the markets has become increasingly tense as investors continue to decipher how hawkish the U.S. Federal Reserve will be for...

Federal Reserve Chair Jerome Powell signalled the U.S. central bank is likely to keep raising interest rates and leave them elevated for a while to stamp out inflation, and he pushed back against any idea that the Fed would soon reverse course. “Restoring...

Something strange happened to the stock bull’s best arguments as the market slumped to its worst week since June: They turned out to be right. Corporate America is enjoying the fattest profit margins in seven decades. Consumers, still flush with cash, rema...

Stocks rallied and bond yields fell, with traders awaiting Jerome Powell’s keynote for clues on how much further the Federal Reserve will pump the brakes on the economy to bring inflation back under control. The S&P 500 closed near session highs, trimming...

Rogers Communications Inc. is facing opposition from some creditors over its plans to extend the deadline to wrap up the purchase of a smaller rival. The Toronto-based cable and wireless firm is seeking approval from investors holding US$9.35 billion of ei...

Canada's main stock index gained more than 150 points Thursday and U.S. markets also edged higher in advance of a highly anticipated meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index closed up 150.96 points at 20,172.34,...

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: Rising interest rates and high commodity prices are starting to negatively impact the economy, most notably residential r...