Daily News

Source: BNN Bloomberg April 19, 2022

Markets bet on sharpest pace of Fed tightening since 1994

Money-market traders are betting the Federal Reserve is heading for its most aggressive monetary-policy tightening in almost three decades as it fights a commodity-driven inflation spike. They are pricing in a further 225 basis points of interest-rate hike...

Source: BNN Bloomberg April 19, 2022

Wealthsimple's newest fund aims to bring VC to Main Street

Wealthsimple is aiming to bring the world of venture capital and growth equity to retail investors. The financial services company announced on Wednesday that it has partnered with Washington, D.C.-based alternative asset firm Accolade Partners on the new...

Source: BNN Bloomberg April 19, 2022

Suncor shares go from first to worst in oil-sands boom

Suncor Energy Inc., once Canada’s most valuable oil producer, is now seeing rivals outrun it in the stock market on the heels of the oil-price boom. Over the past year, Suncor shares have risen 56 per cent. That’s less than half the gain for competitor Cen...

Market Call Source: BNN Bloomberg April 19, 2022

Lorne Steinberg's Top Picks: April 6, 2022

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: The war in Ukraine and the accompanying sanctions by most western countries will result in higher inflation and slower gr...

Source: BNN Bloomberg April 19, 2022

Canaccord downgrades several REITs on rising rates impact

Canaccord Genuity Corp. analysts lowered their recommendations and price targets on several real estate investment trusts (REITs) as they assess the impact of rising interest rates on their expected future returns. The TSX Capped REIT Index posted a return...

Source: BNN Bloomberg April 19, 2022

Stocks rebound, curve steepens on policy outlook

Markets stabilized on Thursday as traders weighed comments from Federal Reserve officials following minutes from the central bank’s latest meeting, which provided more clarity on the bank’s campaign to quell rampant inflation.  U.S. equities rebounded from...

Source: BNN Bloomberg April 19, 2022

TSX reverses early losses to edge higher ahead of budget release

Canada's main stock index reversed early losses to edge higher Thursday as the materials and energy sectors strengthened ahead of the afternoon release of the federal budget. The S&P/TSX composite index closed up 46.29 points to 21,834.89. The day start...

Market Call Source: BNN Bloomberg April 19, 2022

Gordon Reid's Top Picks: April 7, 2022

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: The whole world is on edge and in a state of disbelief as the horrific accounts and images come out of Ukraine. Inflation continues to be a headline it...

Source: BNN Bloomberg April 19, 2022

U.S. stocks, bonds fall as tough week comes to end

Markets ended the week on a negative note as U.S. equities faded in the final minutes of trading and Treasuries fell on Friday following declines sparked by the Federal Reserve’s plan for aggressive monetary-policy tightening. The S&P 500 slid, bringing it...

Market Call Source: BNN Bloomberg April 19, 2022

Mike Archibald's Top Picks: April 8, 2022

Mike Archibald, vice president and portfolio manager, AGF Investments FOCUS: Canadian equities MARKET OUTLOOK: There is a lot of market uncertainty right now – central bank tightening, global turmoil, worldwide, inflation and supply chain disruptio...