Daily News

Source: BNN Bloomberg November 19, 2022

Ontario Teachers' Pension Plan becomes second public pension to write off crypto bet

For the second time this year a major Canadian public pension is writing down to zero a bet on cryptocurrency as the risky market sours. The Ontario Teachers' Pension Plan said this week it will write off its US$95-million investment in FTX, the cryptocurr...

Source: BNN Bloomberg November 18, 2022

From Genesis to Gemini, How FTX's Collapse Signals No One Is Safe

(Bloomberg) -- The fallout from FTX’s collapse shows few signs of easing as the crypto industry reckons with direct exposures, plunging token prices, and newfound skepticism of even long-established participants. Less than a week after Sam Bankman-Fried’s emp...

Source: BNN Bloomberg November 18, 2022

U.S. stocks drop for a second day as Fed hawks circle

U.S. stocks and Treasuries slumped as Federal Reserve officials hammered home their resolve to remain persistent in their fight against inflation and warned of more pain to come.   The S&P 500 and the tech-heavy Nasdaq 100 declined for the second straight...

Source: BNN Bloomberg November 18, 2022

Cathie Wood's ARK Investment Management launches new ETFs with BMO

BMO Investments Inc. announced Thursday it is launching a series of new funds managed by ARK Investment Management LLC that will focus on disruptive innovation.  There will be three new BMO ARK Funds, each with an emphasis on secular trends and disruptive...

Source: BNN Bloomberg November 18, 2022

TSX today: Index down 0.92% amid losses in energy stocks

Canada's main stock index was down nearly 200 points, as losses in the energy and base metal sectors helped lead a broad-based decline, while U.S. stock markets also fell in late-morning trading. The S&P/TSX Composite Index was down 183.82 points, 0.92 per...

Source: BNN Bloomberg November 18, 2022

JPMorgan managers are betting on left-for-dead 60/40 strategy

Battered 60/40 portfolios will roar back to life and provide investors with solid returns after the worst performance in nearly 15 years, according to J.P. Morgan Asset Management. The asset manager said the classic strategy, which allocates 60 per cent to...

Market Call Source: BNN Bloomberg November 18, 2022

Paul Harris' Top Picks: November 17, 2022

Paul Harris, partner and portfolio manager, Harris Douglas Asset Management FOCUS: North American and global stocks  MARKET OUTLOOK: The U.S. Federal Reserve and other central banks reiterated that the priority remained the fight against inflation...

Source: Financialpost November 18, 2022

'Team Transitory' holdout Stephen Poloz says the Bank of Canada is close to getting inflation under control

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 And it shouldn’t...

Source: Financialpost November 18, 2022

Philip Cross: Trudeau runs Ottawa like a Silicon Valley startup

Burn through cash and hope for a moonshot Prime Minister Trudeau recently questioned the viability of exporting liquified natural gas from Canada’s East Coast to Europe, saying there has “never been a strong business case” for such projects — e...

Source: Financialpost November 18, 2022

Pension managers cry foul as Ottawa moves to end bond that tracks inflation

Removing it just when it is needed the most TORONTO — Canada is facing pressure to reverse its decision to end issuing real return bonds, a product pension plans rely on to ensure that inflation, currently at its most volatile in decades, does...