Daily News

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...

Source: BNN Bloomberg October 26, 2022

Recession concerns? Here's an equity strategist's advice

Amid economic uncertainty, one equity strategist recommends positioning portfolios defensively and sees IT, health care and energy sectors as areas of interest.  Scott Wren, a senior global equity strategist at Wells Fargo Investment Institute, said in an...

Source: BNN Bloomberg October 26, 2022

Heather Zordel resigns as chair of Ontario Securities Commission

The chair of the Ontario Securities Commission has stepped down less than a year after taking the job. A spokesperson for Ontario Finance Minister Peter Bethlenfalvy says the minister accepted Heather Zordel's resignation on Oct. 21. Sign up to get b...

Market Call Source: BNN Bloomberg October 26, 2022

John Zechner's Top Picks: October 25, 2022

John Zechner, chairman and founder, J. Zechner Associates  FOCUS: North American large-cap stocks MARKET OUTLOOK: Our strategy since last fall has been to hold slight underweight positions in both stocks and bonds and a higher-than-normal cash bala...

Source: Bankofcanada October 26, 2022

Monetary Policy Report – October 2022

While inflation has come off its peak, it remains too high. As the economy responds to higher interest rates and as the effects of elevated commodity pr...

Source: Bankofcanada October 26, 2022

Bank of Canada increases policy interest rate by 50 basis points, continues quantitative tightening

The Bank of Canada today increased its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is also continuing its policy of quantitative tightening. In...

Source: Bankofcanada October 26, 2022

Monetary Policy Report Press Conference Opening Statement

Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and the Bank’s Monetary Policy Re...

Source: Financialpost October 26, 2022

Opinion: Ottawa has 13% support on its oil and gas policies

New poll shows Canadians are more than three times more likely to agree with the oil and gas industry than Ottawa Over the past decade, many European nations grew dependent on Russia for their oil and natural gas needs. How unwise this was Vlad...

Source: Financialpost October 26, 2022

Bank of Canada opts for lower half-point hike, but says more to come

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 Kevin Carmichael:...

Source: Financialpost October 26, 2022

Canadian banks raise prime rate to 5.95% after Bank of Canada hike

Royal Bank, CIBC, TD, Laurentian and more raise rate Canada’s commercial banks began announcing hikes to their prime rate Wednesday after the Bank of Canada raised its key interest rate by half a percentage point. We ap...