Daily News

Source: Financialpost March 09, 2023

Bank of Canada holds interest rates: Read the official statement

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 Keeps key policy...

Source: Financialpost March 09, 2023

Will a more hawkish Fed force Bank of Canada's hand? What economists say about the first rate hold in a year

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 Other economic po...

Source: Financialpost March 09, 2023

David Rosenberg: What comes after a peak yield curve inversion? Nothing good

Typically the recession becomes a lock I have a belief system. I believe interest rates matter. I believe policy lags exist. I believe the business cycle has not been repealed. And I believe in the power of the yield curve since, after all, it...

Source: Financialpost March 09, 2023

Posthaste: Canadians say they're getting overtaxed as total bill eats up 45% of income

Plus, they feel they're paying too much for the government services they get, Fraser Institute poll finds Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases...

Source: BNN Bloomberg March 08, 2023

TSX recap: Index closes lower on energy stock weakness

Canada's main stock index edged lower Monday, softening as the afternoon progressed with weakness in energy stocks, while U.S. markets were mixed but didn't make big moves in either direction. The S&P/TSX composite index was down 66.78 points, or 0.32 per...

Source: BNN Bloomberg March 08, 2023

Investing in the aerospace sector: Three stock picks from Sheila Kahyaoglu

The aerospace sector has outperformed the broader market within the past year, but one analyst thinks there is still upside to be had. Speaking with BNN Bloomberg’s Amber Kanwar on Tuesday, Sheila Kahyaoglu, analyst of aerospace and defence at Jefferies Gr...

Market Call Source: BNN Bloomberg March 08, 2023

Andrew Pyle's Top Picks: March 7, 2023

Andrew Pyle, senior wealth advisor and portfolio manager, CIBC Wood Gundy FOCUS: North American equities   MARKET OUTLOOK: It is becoming increasingly likely that the original market thesis of a first-half slowdown or recession, followed by a secon...

Source: BNN Bloomberg March 08, 2023

U.S. stocks hit by Powell’s double dose of hawkishness

Wall Street got a reality check after Jerome Powell’s hawkish rhetoric shook trading desks across the board, hitting risky assets and prompting a shift higher in bets on Federal Reserve’s rate hikes. During a Senate testimony, the Fed’s boss signaled offic...

Source: BNN Bloomberg March 08, 2023

U.S. stocks sink as Powell's jolt fuels recession fears

Wall Street got a reality check as Jerome Powell’s hawkish rhetoric prompted a shift higher in Federal Reserve rate wagers, reviving recession fears and crushing the riskier corners of the market. During a Senate testimony, the Fed’s boss signaled official...

Source: BNN Bloomberg March 08, 2023

TSX recap: Index finishes 1.17% lower amid losses in energy stocks

Canada's main stock index fell more than one per cent Tuesday with losses in energy, metals and financials leading the way down, while U-S markets fell further. The S&P/TSX Composite Index was down 239.26 points, or 1.17 per cent, at 20,275.54. In New Y...