Daily News

Source: BNN Bloomberg July 08, 2022

TSX marches higher as oil trades back above US$100

Energy stocks gave the S&P/TSX Composite Index a lift on Thursday as the price of oil closed back above the US$100-per-barrel mark. The TSX closed 333.51 points or almost two per cent higher at 19,063.17. Crescent Point Energy Corp. was one of the best...

Market Call Source: BNN Bloomberg July 08, 2022

Rick Stuchberry's Top Picks: July 7, 2022

Richard Stuchberry, senior portfolio manager, Wellington-Altus Private Wealth FOCUS: North American large caps and global ADRs MARKET OUTLOOK: The biggest question investors are asking right now is: “Is it over yet?” While the answer is no, we beli...

Source: BNN Bloomberg July 08, 2022

Stocks gain as U.S. Fed hawks downplay recession fears

US stocks rallied for the fourth straight day on optimism that the Federal Reserve will be able to curb inflation without tipping the economy into a recession.  The S&P 500 and the tech-heavy Nasdaq 100 rose the most in two weeks. Commodities from oil to c...

Source: BNN Bloomberg July 08, 2022

Bitcoin rides stock rally to hit highest level in over a week

Bitcoin rode a wave of risk-on momentum Thursday to hit its highest level in more than a week as recent economic data eased trader concerns that inflation will be too hot to tame. The world’s largest cryptocurrency by market capitalization jumped more than...

FP Economy Source: Financialpost July 08, 2022

Canada's jobless rate drops to record low of 4.9%: What you need to know

Kevin Carmichael: It feels like Canada is entering a new phase of persistently strong demand for workers Canada’s red-hot labour market cooled a little in June. It’s now only historically hot. Here’s what you need to know:...

Source: BNN Bloomberg July 07, 2022

Betting against tech is finally a winning trade as short sellers sit on US$20B profit

Betting against tech has become a winning trade, with short sellers sitting on billions in paper profits as growth stocks slump. A historic rout in the so-called FAANG cohort -- Facebook owner Meta Platforms Inc., Apple Inc., Amazon.com Inc., Netflix Inc....

Source: BNN Bloomberg July 07, 2022

TSX bounces, U.S. markets rise as investors brush off Fed minutes

Canada’s main stock index climbed off its intraday low and U.S. markets ended in positive territory as investors brushed off the latest U.S. Federal Reserve minutes that showed officials advocated for a further rise in interest rates. The S&P/TSX Composite...

Source: BNN Bloomberg July 07, 2022

Stocks rise after traders parse data, U.S. Fedspeak

US stocks rose for the third straight day as investors parsed economic data that hinted at slightly slower growth, prompting some to brush off the hawkish stance that the Federal Reserve reiterated in its June meeting minutes as outdated.  The S&P 500 ende...

Market Call Source: BNN Bloomberg July 07, 2022

Mike Archibald's Top Picks: July 6, 2022

Mike Archibald, vice president and portfolio manager, AGF Investments FOCUS: Canadian equities MARKET OUTLOOK: It has been a very challenging first half for almost all asset classes – both stocks and bonds registered two consecutive quarters of neg...

FP Economy Source: Financialpost July 07, 2022

Canada's trade surplus just blew away expectations

Highest since 2008 on surging oil prices Canada’s merchandise trade surplus widened to the largest in 14 years as the nation benefits from surging global prices for its crude oil. We apologize, but this video has failed to...