Daily News

Source: Bankofcanada July 13, 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 Report (MPR). Today, we raised the p...

FP Economy Source: Financialpost July 13, 2022

Loonie surges after Bank of Canada's super-sized interest rate hike

Secures Canadian dollar's position as one of the best-performing major currencies right now Canada’s dollar surged after the nation’s central bank delivered a bigger-than-expected interest-rate hike, catapulting it ahead of major developed-market p...

Source: BNN Bloomberg July 12, 2022

Stocks see lowest volume of 2022 in tech-led slide

Stocks slumped, with traders positioning for a hot inflation reading and the start of a key earnings season that may provide clues on whether the economy is headed toward a recession. The dollar climbed. A selloff in megacaps like Tesla Inc. and Apple Inc....

Source: BNN Bloomberg July 12, 2022

Tech stocks drag on TSX ahead of BoC decision this week

Tech stocks led a broad-based decline on the S&P/TSX Composite Index on Monday as investors looked ahead to a Bank of Canada interest rate decision and U.S. inflation data later this week. The TSX fell 206.06 points or one per cent to 18,816.80. Shopify we...

Source: BNN Bloomberg July 12, 2022

Rogers shares slide with Shaw deal in doubt after outage

Shares of Rogers Communications Inc. dropped Monday — and underperformed peers — as the company faces fallout from a network outage that one analyst called “unprecedented,” as well as uncertainty about the implications for its planned $20-billion takeover of S...

Source: BNN Bloomberg July 12, 2022

Aimco private equity head says slow fundraising giving investors a breather

Buyout firms facing a slower fundraising environment are giving investors much needed respite, according to the head of private equity for Alberta Investment Management Co. “We have seen a slowdown in fundraising a little bit and I think a lot of LPs (inve...

Market Call Source: BNN Bloomberg July 12, 2022

Jordan Zinberg's Top Picks: July 11, 2022

Jordan Zinberg, president and CEO, Bedford Park Capital FOCUS: Canadian small and mid-cap stocks  MARKET OUTLOOK: Investors are focused squarely on inflation, interest rates and recession fears. During the recently completed second quarter, equity...

Source: BNN Bloomberg July 09, 2022

U.S. stocks score weekly gain as jobs fuel rate bets

US stocks notched a weekly gain after a strong jobs report alleviated recession fears but cleared the path for the Federal Reserve to keep raising interest rates to fight inflation.  The S&P 500 closed flat on Friday after struggling for direction througho...

Source: BNN Bloomberg July 09, 2022

TSX slides as latest data shows tighter jobs market

The S&P/TSX Composite Index dipped on Friday following the latest Canadian jobs report that showed the labour market tightened in June, providing more support for Bank of Canada interest rate hikes. Canada’s main stock index closed down 40.31 points at 19,...

Market Call Source: BNN Bloomberg July 09, 2022

John Hood's Top Picks: July 8, 2022

John Hood, president and portfolio manager, J.C. Hood Investment Counsel FOCUS: Options and ETFs  MARKET OUTLOOK: One Bonfire of the Vanities-the bond traders; part two Tom Wolfe's novel became a best seller as Tom Hanks portrayed a hapless bond...