Daily News

Source: BNN Bloomberg October 21, 2022

Banks saddled with US$30B in unwanted debt in risk exodus

The world's biggest banks have already had to use about US$30 billion of their own cash this year to fund loans for acquisitions and buyouts that they weren't able to offload to investors. The lenders have been forced to fund at least 15 deals in the U.S....

Source: BNN Bloomberg October 21, 2022

TSX recap: Index closes 0.51% lower

Canada's main stock index ended down almost a hundred points after rising by more than a hundred points in the late morning, while U.S. markets saw a similar reversal.  The S&P/TSX Composite Index was down 95.11 points, or 0.51 per cent, at 18,579.29....

Source: BNN Bloomberg October 21, 2022

U.S. stocks wipe out 1% rally as fedspeak boosts yields

It was another down day for stocks, with Treasury yields climbing amid hawkish remarks from Federal Reserve officials and swaps pricing in a 5 per cent peak policy rate in 2023. The pound wavered after Liz Truss resigned as U.K. prime minister. The warines...

Market Call Source: BNN Bloomberg October 21, 2022

Greg Newman's Top Picks: October 20, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and portfolio protection strategies MARKET OUTLOOK: We all know that if you miss the first 20 days of the next bull market historicall...

Source: Financialpost October 21, 2022

Terence Corcoran: Greedflation! The left gears up for battle

Calls for price controls, new taxes, profit raids Shortly after the announcement Monday by supermarket giant Loblaws that it would be freezing prices of its No Name brand of products for the next three months, CBC TV’s flagship news show, The N...

Source: Financialpost October 21, 2022

RBC emerges as Bay Street favourite to buy HSBC Bank Canada

While Royal Bank might be the best placed to make the acquisition, that doesn't mean its CEO will do so HSBC Holdings PLC’s Canadian unit has become the belle of the ball on Bay Street, as the country’s financial services heavyweights consider...

Source: Financialpost October 21, 2022

Beware the 'desk-bombers': Anxiety over unscheduled office conversations the latest worker malady

Fear of desk-bombing is related to another curious fact of office life: an aversion to using the phone From time to time, office life breeds a catchphrase that sounds deeply strange and yet makes sense as soon as someone says it....

Source: Financialpost October 21, 2022

Jack Mintz: Why Canada’s inflation rate is so high

Higher interest rates aren’t solely due to factors beyond our control. Our own excessive spending is mostly responsible Canadians will find no solace in Statistics Canada’s Wednesday announcement of the September inflation numbers. Consumer pri...

Source: BNN Bloomberg October 20, 2022

U.S. stocks fail to keep rally going with yield spike

Stock traders balked at any rebound attempt on Wednesday, with Treasury yields creeping back to multiyear highs and mounting concern that a hawkish Federal Reserve will raise the odds of a hard landing. The day that marked the 35th anniversary of the equit...

Source: BNN Bloomberg October 20, 2022

It's a stock picker's nightmare with everything moving in tandem

A nightmare scenario for stock pickers is unfolding just as the third-quarter earnings season gets underway. The S&P 500 Index's three-month realized correlation -- a gauge of how closely the top weighted stocks in the benchmark move relative to each other...