Daily News

Source: BNN Bloomberg March 15, 2023

Footwear stocks positioned for growth: Three hot picks from Tom Nikic

The transition from winter to spring is usually a time when shoe brands release new styles and boost demand for their products, which is why one analyst is bullish on the space. In an interview with BNN Bloomberg’s Paul Bagnell, Tom Nikic, analyst at Wedbu...

Source: BNN Bloomberg March 15, 2023

Short sellers scored US$2B profit as regional banks plunged

In the span of just three days, short sellers minted more than US$2 billion in paper profits as the collapse of Silicon Valley Bank set off a cascade of selling across the stocks of regional lenders. The precise amount of the mark-to-market gains came to U...

Source: Financialpost March 15, 2023

Peter Shawn Taylor: The many benefits of booze that the scolds ignore

Booze has long played a crucial and highly beneficial role in the human experience In a recent interview with Toronto Life, Catherine Paradis, interim associate director of research at the Canadian Centre for Substance Use and Addiction (CCSA),...

Source: Financialpost March 15, 2023

Ontario Teachers' not interested in SVB's Canadian assets, CEO says

Funds posts 4% return in 'difficult' investment environment in 2022 as net assets grew to $247.2 billion. The Ontario Teachers’ Pension Plan has invested heavily in tech and financial services companies in recent years, but the chief executive...

Source: Financialpost March 15, 2023

John Turley-Ewart: Canada doesn't have bank failures because we learned our lesson 100 years ago

Since 2001 America has endured 562 bank failures, not including Silicon Valley Bank. In Canada, there were zero Nothing roils markets and focuses attention like a good old-fashioned bank run. Canadians are witnessing this truth as our American...

Economy Source: Financialpost March 15, 2023

Canada is a buying opportunity despite series of headwinds: David Rosenberg

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 Here's why a repu...

Source: BNN Bloomberg March 14, 2023

Bonds rally, U.S. stocks steady as Fed rate path mulled

The yield on the two-year Treasury note plunged in its biggest one-day slump in decades, while tech stocks rebounded from last week’s rout as the collapse of Silicon Valley Bank reverberated across trading desks. In Monday’s chaotic session, yield on the t...

Source: BNN Bloomberg March 14, 2023

Sell any post-SVB stocks bounce, says Morgan Stanley

Morgan Stanley's Michael Wilson, known for being one of Wall Street's most bearish strategists, recommended that investors sell any rebound in U.S. stocks that may result from regulators' support measures after the collapse of Silicon Valley Bank. “We sugg...

Commodities Source: BNN Bloomberg March 14, 2023

Gold, copper advance as SVB fallout triggers flight to safety

Gold and copper rose as the collapse of Silicon Valley Bank spurred investors to seek safe havens. The American lender’s demise sparked such a severe drop in regional bank stocks that automatic trading halts were triggered on Monday. More broadly, more tha...

Source: BNN Bloomberg March 14, 2023

SVB collapse is not a repeat 08-09 financial crisis: John Zechner

Bank stocks have come under pressure following the collapse of Silicon Valley Bank (SVB), but one financial expert is advising that now is an opportune time to put money into the sector.    SVB, most commonly known for lending money to startup tech companies...