Daily News

Economy Source: Financialpost October 20, 2022

Mark Carney says fiscal discipline 'imperative' to combat global inflation, instability

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 Argues it's time...

Source: BNN Bloomberg October 19, 2022

Goldman says sell S&P 500 calls to fund bullish China view

Goldman Sachs Group Inc. said investors should sell S&P 500 Index calls and fund buying of the same options on the Hang Seng China Enterprises Index to position for a likely catch-up in battered China-related assets.  “Sentiment on China-exposed assets has...

Source: BNN Bloomberg October 19, 2022

BofA survey 'screams' capitulation with rally set for early 2023

The sentiment on stocks and global growth among fund managers surveyed by Bank of America Corp. shows full capitulation, opening the way to an equities rally in 2023. The bank’s monthly global fund manager survey “screams macro capitulation, investor capit...

Source: BNN Bloomberg October 19, 2022

U.S. stocks regain lost ground with back-to-back rally

Stocks continued their rebound from nearly oversold levels as traders took solace from a solid start to the corporate-earnings season even as central banks remain on hawkish footing. After almost giving up all of its gains, the S&P 500 notched back-to-back...

Source: BNN Bloomberg October 19, 2022

TSX recap: Index closes 0.95% higher

Canada's main stock index closed up more than 175 points, alongside gains in the U.S. markets, ahead of Canadian inflation data due out on Wednesday.  The S&P/TSX Composite Index was up 177.16 points, or 0.95 per cent, at 18,798.18. In New York, the Dow...

Source: BNN Bloomberg October 19, 2022

Wall Street credit traders on track for worst year since 2012

The world's biggest banks are heading for their worst year of credit trading in a decade as soaring interest rates and global economic uncertainty bite into their profits. The 200 biggest investment banks are set to collectively make US$8.3 billion this fi...

Market Call Source: BNN Bloomberg October 19, 2022

Christine Poole's Top Picks: October 18, 2022

Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Financial markets are facing numerous headwinds including rising interest rates, elevated inflat...

Source: Financialpost October 19, 2022

'The missing middle:' How Toronto became the biggest housing bubble in the world

Episode 172 of the Down to Business podcast Recently, the Swiss investment bank UBS named Toronto as the number one real estate housing bubble in the world — not only above Vancouver, but also above London, Paris, San Francisco, New York, Tokyo...

Source: Financialpost October 19, 2022

Oil and gas investors set for jump in returns as producers near debt targets

Companies previously preoccupied with debt repayment may begin plowing more cash into dividends, share buybacks If there’s one sector of the Canadian economy that seems distinctly buoyant amid the gloom of rising interest rates and a possible r...

Source: Financialpost October 19, 2022

Odds of a 75-bps hike from the Bank of Canada just went up, economists say

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 Economists give t...