Daily News

Source: BNN Bloomberg October 05, 2022

TSX recap: Index closes up 2.6% in broad-based rally

A broad-based rally pushed Canada's main stock index up by almost 500 points Tuesday, while U.S. stock markets were also up. The S&P/TSX Composite Index closed up 489.80 points, or 2.6 per cent, at 19,370.99. In New York, the Dow Jones industrial averag...

Market Call Source: BNN Bloomberg October 05, 2022

Brian Madden's Top Picks: October 4, 2022

Brian Madden, chief investment officer, First Avenue Investment Counsel FOCUS: North American equities MARKET OUTLOOK: 2022 is proving to be a year that tests the mettle of investors in virtually every asset class, with stocks, bonds and real estat...

Source: BNN Bloomberg October 05, 2022

A quarter of Canadians are looking to cash out their investments, survey finds

  About a quarter of Canadians are losing confidence in the stock market and are now looking to cash out their investments, a new survey has found.  The survey, conducted by personal finance comparison website Finder, found that those looking to cash ou...

Source: BNN Bloomberg October 05, 2022

Wall Street sees S&P 500 falling further after bear-market bounce

Some of Wall Street’s biggest banks aren’t buying this stock-market rally. Firms from HSBC Holdings Plc to Credit Suisse Group AG are skeptical that the S&P 500 Index has reached its ultimate low and warning that U.S. equity prices still don’t fully reflec...

Source: BNN Bloomberg October 04, 2022

U.S. stocks rise from the ashes in best day since July

Stocks kicked off the week with big gains after suffering their worst September in two decades as Treasury yields halted a seemingly endless surge, with weak U.S. manufacturing data soothing concern the Federal Reserve will overtighten monetary policy. As...

Source: BNN Bloomberg October 04, 2022

OSC files allegations of fraud in multimillion-dollar crypto offering

The Ontario Securities Commission says it has filed allegations against Troy Richard James Hogg related to a crypto token offering that raised US$51 million. The statement of allegations says that between May 2017 and June 2019, Hogg, an Ontario resident,...

Source: BNN Bloomberg October 04, 2022

TSX today: Composite up 2.37% as oil tops US$80 a barrel

Gains in the energy sector as the price of oil rose above US$80 a barrel helped Canada's main stock index surge more than 400 points higher on the first day of the fourth quarter, while U.S. stock markets also climbed higher. The S&P/TSX Composite Index wa...

Market Call Source: BNN Bloomberg October 04, 2022

Jason Del Vicario's Top Picks: October 3, 2022

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks  MARKET OUTLOOK: I have no idea what’s going to happen to the financial markets in the short-term. I came across a qu...

Source: BNN Bloomberg October 04, 2022

Harley-Davidson's e-bike spinoff surges in volatile trading

LiveWire Group Inc. jumped Monday as the electric motorcycle business spun off by Harley-Davidson Inc. rebounded from last week’s disappointing stock market debut. The shares surged as much as 46 per cent during the regular session -- after a 91 per cent p...

Source: BNN Bloomberg October 04, 2022

Wall Street capitulation calls get ever harder as U.S. stocks bounce

After a furious spate of retail selling unseen since December 2018 and beaten-down risk appetite, all the ingredients were in place heading into the big stock rebound Monday. With almost everyone cashing out lately, it didn’t take much to drive the 2.6 per...