Daily News

Canadian stocks sunk to their lowest point since March 2021 after the Bank of Canada announced its largest interest rate hike since 1998. The S&P/TSX Composite Index dropped as much as 1.6 per cent after the nation’s central bank lifted interest rates by 1...

Canada’s benchmark stock index pared some of its losses but still closed in negative territory in the wake of the Bank of Canada historic full-point interest rate hike Wednesday. The S&P/TSX Composite Index dropped as much as 1.6 per cent immediately after...

The euro has suffered a swift and brutal slump this year, and now it’s crossed a major threshold for the first time in more than two decades: parity with the dollar. The 12 per cent decline is the result of multiple pressures, from the war in Ukraine to an...

Dennis da Silva, managing director and senior portfolio manager, Middlefield Capital Corporation FOCUS: Resource stocks MARKET OUTLOOK: We believe we are in a cyclical bear market which is a function of rising rates and inflation, combined with low...

Bitcoin fell back below US$20,000 on Tuesday after enjoying its strongest run in more than three months last week, as risk aversion returned to global markets.  The largest cryptocurrency dropped as much as 5.6 per cent to US$19,275, declining for a fourth...

Canadian stocks sank deeper into the red Tuesday as investors awaited what’s expected to be a super-sized Bank of Canada interest rate hike and the latest U.S. inflation data on Wednesday. The S&P/TSX Composite Index closed the Tuesday session 138.16 point...

Stocks dropped before Wednesday’s inflation report, with the Treasury curve inversion deepening to levels last seen in 2007 amid fears that aggressive rate hikes will sink the economy into a recession. The S&P 500 slid into the close as megacap tech sold o...

Gordon Reid, president and CEO, Goodreid Investment Counsel FOCUS: U.S. equities MARKET OUTLOOK: Financial markets were on a strong run from the financial crisis of 2008, with short disruptions along the way. While North American economies and corp...

The Canadian economy is now clearly in excess demand, and inflation is high and broadening. The Bank is projecting inflation to decline to about 3% by t...

The Bank of Canada today increased its target for the overnight rate to 2½%, with the Bank Rate at 2¾% and the deposit rate at 2½%. The Bank is also continuing its policy of quantitative tightening (Q...