Daily News

Source: BNN Bloomberg August 19, 2023

Ontario Teachers’ makes bond bet as economic clouds gather

Ontario Teachers’ Pension Plan is making a bigger bet on bonds and credit and is adding leverage to pay for it. The pension fund, one of Canada’s largest institutional investors, earned a 1.9 per cent investment return in the first half as its fixed income...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index finishes 1.93% lower amid broad-based losses

Canada's main stock index fell almost 400 points, or nearly two per cent, Tuesday on broad-based weakness, while U.S. markets also fell, with the three major indexes south of the border each losing more than one per cent. The S&P/TSX Composite Index closed...

Source: BNN Bloomberg August 19, 2023

U.S. stocks, bonds fall as rate hikes left on the table

Pressure on U.S. equities and Treasuries ramped up in the final minutes of Wednesday’s session as traders digested hawkish comments from Federal Reserve officials at their last meeting. The S&P 500 dropped 0.8 per cent, slumping for the second day in a row...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index closes flat amid strength in energy

Strength in the energy sector helped buoy Canada's main stock index to a flat close on Wednesday while U.S. markets moved lower.  The S&P/TSX Composite Index closed down less than one point at 19,899.07. In New York, the Dow Jones Industrial Average was...

Source: BNN Bloomberg August 19, 2023

Why investors should consider selling their telecom stocks: Analyst

The telecommunications sector has lagged significantly behind the broader market and investors might want to consider selling some of these stocks in their portfolios, one analyst is warning. Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Keith S...

Source: BNN Bloomberg August 19, 2023

John Ruffolo: AI hype is calming down for now

One of Canada’s top venture capitalists believes the hype surrounding artificial intelligence is calming down, but a few factors could have it ramping back up soon. John Ruffolo, founder and managing partner of Maverix Private Equity, told BNN Bloomberg th...

Source: BNN Bloomberg August 19, 2023

Big tech logs worst three-day drop since February

U.S. stocks fell for the third straight day as a global bond market selloff intensified and tamped down enthusiasm for growth-oriented tech giants.   The Nasdaq 100 fell 3.2 per cent in its worst three-day slide since February. Investors are losing faith t...

Market Call Source: BNN Bloomberg August 19, 2023

Gordon Reid's Top Picks: August 17, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: After a spirited start to the year, equity markets have bogged down into a lower-volume sluggish pattern, with a notable rotation...

Source: BNN Bloomberg August 19, 2023

TSX recap: Index down 0.44% despite energy gains

Strength in energy stocks Thursday wasn't enough to keep Canada's main stock index from posting a loss amid weakness in tech and other sectors, while U.S. markets also declined.  The S&P/TSX Composite Index was down 86.84 points, or 0.44 per cent, at 19,81...

Source: BNN Bloomberg August 19, 2023

What to look for when investing in a new company: Portfolio manager

The U.K. stock market has underperformed the U.S. and Canadian markets over the past year, but one market expert says there are many investment opportunities to be had despite the pullback.    Jason Del Vicario, portfolio manager with Hillside Wealth Managem...