Daily News

Source: BNN Bloomberg September 21, 2022

TSX today: S&P/TSX composite ends down nearly 1%, U.S. stock markets also slip

Canada's main stock index closed down almost one per cent in broad-based declines, similar to losses in U.S. stock markets a day ahead of the U.S. Federal Reserve's latest rate decision. The S&P/TSX Composite Index ended down 193.69 points, or 0.99 per cen...

Source: BNN Bloomberg September 21, 2022

Dimon blasts higher capital requirements as CEOs head to capitol

Jamie Dimon took aim at higher capital requirements ahead of a pair of congressional hearings this week, calling an upcoming increase for JPMorgan Chase & Co. “bad for America.” Dimon, the longtime chief executive officer of the biggest US bank, is set to...

Market Call Source: BNN Bloomberg September 21, 2022

Christine Poole's Top Picks: September 20, 2022

Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management FOCUS: North American large-cap stocks MARKET OUTLOOK: Inflation, a lagging indicator, is moving in the right direction but remains too hot and well ab...

FP Economy Source: Financialpost September 21, 2022

99.9% odds of Fed-induced North American recession, BMO fixed income head says

'The central bankers actually want a recession' It will be nearly impossible for the North American economy to avoid a recession because interest rates will have to rise much higher to quell inflation, according to the head of fixed income at B...

Source: BNN Bloomberg September 20, 2022

U.S. stocks see late-day rebound after unnerving twists

Stocks pushed higher in the final hour of New York trading, with a rally in megacaps like Apple Inc. and Tesla Inc. driving a rebound that followed the worst weekly rout for the market since mid-June. Major equity benchmarks had a tough time finding direct...

Source: BNN Bloomberg September 20, 2022

TSX recap: Index closes 0.91% higher after choppy day

Canada's main stock index closed up, boosted in part by strength in the mining sector, while U.S. stock markets closed higher after falling earlier in the day. The S&P/TSX Composite Index ended up 176.50 points, or 0.91 per cent, at 19,562.38. In New Yo...

Market Call Source: BNN Bloomberg September 20, 2022

Patricia Perez-Coutts' Top Picks: September 19, 2022

Patricia Perez-Coutts, portfolio manager, PenderFund Capital Management FOCUS: Emerging and global markets  MARKET OUTLOOK: Despite the recent macro setbacks in both Europe and North America, we see several important positive macroeconomic signals...

Source: Bankofcanada September 20, 2022

Anatomy of a pandemic: Applying old lessons and learning from new ones

Deputy Governor Paul Beaudry describes how the lessons learned from previous economic crises helped central bankers during the global COVID‑19 pandemic. He also talk...

FP Economy Source: Financialpost September 20, 2022

Wage hikes not keeping up with inflation amid record-high job vacancies

There were nearly one million unfilled positions in the second quarter Job vacancies hit a record in the second quarter of 2022, but employers struggling to fill those empty positions still offered wage increases that were lower than the rate o...

FP Economy Source: Financialpost September 20, 2022

Breaking down Canada's inflation numbers

Watch: Financial Post's Stephanie Hughes explains what the latest reading means to Canadians Stephanie Hughes, finance reporter for the Financial Post, fills you in on everything you need to know about August’s inflation data, which eased for t...