Daily News

Source: BNN Bloomberg August 26, 2022

'TINA is gone': Money manager says GICs provide alternative to stocks

As return rates of guaranteed investment certificates (GICs) rise, they’re providing an alternative for investors who have for years been forced to put their money into the stock market to find any sort of meaningful yield, according to the head of one Bay St...

Source: BNN Bloomberg August 26, 2022

Energy, REITs are the sectors to be amid recession risks: Fund manager

There are very few sectors in the Canadian stock market that are attractive to JF Tardif, he said, as investors remain “too complacent” in the face of rising recession risks. “We're not quite seeing, right now, a recession in my opinion. And a lot of the s...

Source: BNN Bloomberg August 25, 2022

Goldman says hedge funds betting big on Megacap tech stocks

Hedge funds ramped up bets on megacap US tech stocks and whittled down overall holdings to focus on favored names last quarter, with conviction climbing back to levels seen at the start of the pandemic, according to Goldman Sachs Group Inc. The funds boost...

Source: BNN Bloomberg August 25, 2022

TSX recap: Financial markets largely flat; all eyes on upcoming Jackson Hole conference

North American stock markets were largely flat Wednesday as investors took a breather in advance of Friday's meeting of the U.S. Federal Reserve in Jackson Hole, Wyo. The S&P/TSX composite index was up 36.03 points at 20,021.38. In New York, the Dow Jon...

Market Call Source: BNN Bloomberg August 25, 2022

Darren Sissons' Top Picks: August 24, 2022

Darren Sissons, vice-president and partner, Campbell, Lee & Ross  FOCUS: Global and technology stocks   MARKET OUTLOOK: The markets have entered a period of heightened volatility that will continue for the foreseeable future. That volatility spike...

Source: BNN Bloomberg August 25, 2022

U.S. stock traders hold back on big bets before Powell

Stock traders remained hesitant to make any huge bets ahead of Jerome Powell’s speech on Friday, which may provide clues on how hawkish the Federal Reserve will be in the face of mounting economic challenges. After wandering aimlessly earlier Wednesday, th...

Source: BNN Bloomberg August 25, 2022

Lockstep markets primed for all-or-nothing sweepstakes on Powell

No one knows for sure what Chair Jerome Powell will say in his speech on Federal Reserve monetary policy Friday. One thing is clear, though: the potential for marketwide shock is sky high.  Stocks, bonds, commodities -- everything is moving in lockstep, th...

Source: Bankofcanada August 25, 2022

Bank of Canada launches process to appoint new non-executive Deputy Governor

Further to the announcement that Deputy Governor Timothy Lane will be retiring from the Bank on September 16, the Board of Directors of the Bank has initiated a recr...

FP Work Source: Financialpost August 25, 2022

Canadian job vacancies climb to new record, signalling more inflation pressure

Employers were actively recruiting for more than one million vacant positions for the third consecutive month Job vacancies set a new record in June, indicating that a tight labour market remains a source of inflationary pressure, as employers were...

Source: BNN Bloomberg August 24, 2022

U.S. stocks finish lower with 10-year U.S. yield topping 3%

Stocks retreated after weak economic data, with traders awaiting more clarity on the Federal Reserve’s monetary policy path from the annual central bankers’ symposium later this week. The S&P 500 saw its third straight drop after swinging between gains and...