Daily News

Market Call Source: BNN Bloomberg June 10, 2023

Gordon Reid's Top Picks: June 9, 2023

Gordon Reid, president and chief executive officer, Goodreid Investment Counsel FOCUS: U.S. equities  MARKET OUTLOOK: There is evidence that the equity rally is beginning to broaden. The divergence between a handful of mega-cap tech stock’s perform...

Source: BNN Bloomberg June 10, 2023

U.S. stocks inch further into bull market as tech gains

The S&P 500 inched further into bull-market territory on Friday as technology shares continued to climb amid bets the Federal Reserve is nearing the end of its hiking cycle. The benchmark index added 0.1 per cent, as tech and megacap shares drove another s...

Source: BNN Bloomberg June 10, 2023

The Week Ahead: Earnings from Indigo Books & Music; U.S. interest rate decision

Monday, June 12 Notable earnings: Oracle Corp Tuesday, June 13 Notable data: U.S. NFIB Small Business Economic Trends Survey, U.S. Consumer Price Index Notable earnings: Major Drilling FOMC Meeting Begins Wednesday, June 14 Not...

Source: Financialpost June 10, 2023

Terence Corcoran: Money-losing Canada Post looks to ESG for salvation

After $1.7 billion in losses, what’s next for the Crown corporation? In this new world of high-tech revolutions, artificial intelligence and fly-to-the-moon communication technologies, the last thing on the minds of Canadian political and econo...

Source: Financialpost June 10, 2023

Interest rates are likely to stay higher for longer, says Bank of Canada deputy Paul Beaudry

'Excess demand in the Canadian economy is more persistent than we thought' Get the latest from Stephanie Hughes straight to your inbox Sign Up Persistent strength in the economy means interest rates may have to stay higher for longer...

Economy Source: Financialpost June 10, 2023

Cracks appear in Canada's jobs market as unemployment rate rises for first time in almost a year

But economists say may not be enough to deter the Bank of Canada from further rate hikes Get the latest from Stephanie Hughes straight to your inbox Sign Up Canada’s unemployment rate rose in May for the first time since August 2022 a...

Source: BNN Bloomberg June 09, 2023

​Currencies positioned to outperform amid rate hikes according to Kathy Lien

Central banks around the world continue to battle runaway inflation through interest rate hikes and one expert believes she has picked out three currencies that will persevere throughout aggressive monetary policy measures.    Speaking with BNN Bloomberg’s A...

Market Call Source: BNN Bloomberg June 09, 2023

Ross Healy's Top Picks: June 8, 2023

Ross Healy, chairman at Strategic Analysis Corporation; portfolio manager at MacNicol & Associates Asset Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: For the second time in this decade (June 2020 being the first), the Nasdaq 1...

Source: BNN Bloomberg June 09, 2023

S&P 500 enters bull market as tech rally resumes

A rally in technology stocks resumed Thursday, pushing the S&P 500’s gains since an October low past 20 per cent, the marker of a bull market. A jump in jobless claims to the highest since October 2021 delivered a boost to the tech sector, which had been f...

Source: BNN Bloomberg June 09, 2023

TSX recap: Index finishes lower amid broad-based declines

Canada's main stock index ticked lower Thursday amid broad-based weakness, while U.S. markets moved higher, led by the technology sector.  The S&P/TSX Composite Index was down 40.99 points, or 0.21 per cent, at 19,942.70. In New York, the Dow Jones Indu...