Daily News

A number of analysts are lowering their profit estimates and cutting their 12-month price targets on Canada’s Big Six banks ahead of earnings season that gets underway next week. In a note to clients on Wednesday, Canaccord analyst Scott Chan said he revis...

Canada’s benchmark stock index finished the trading day down as the financials subsector pulled Bay Street lower. The S&P/TSX Composite Index closed down 153.99 points, or 0.76 per cent, at 20,111.38. The TSX financials subgroup was the biggest under pe...

OMERS says it generated a net investment return of negative 0.4 per cent, or a loss of about $500 million, for the first six months of the year amid wider market turmoil. The pension fund manager says the first half of the year was "extraordinarily difficu...

Investors continued piling into stocks and bonds, dismissing the risk of a more aggressive Federal Reserve as they expect it to ease the pace of rate hikes while inflation pulls back from its peak, according to Bank of America Corp. strategists. Global equ...

(Bloomberg) -- Cryptocurrencies suffered a sharp selloff as global markets retreated after US Federal Reserve officials reiterated their resolve to keep raising interest rates until inflation is contained.  Bitcoin, the largest virtual coin by market capitali...

James Telfser, partner and portfolio manager at Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK: After a record-setting selloff to start the year, risk markets have found solid footing and have staged an impressive rally. I...

US stocks ended the day higher after swinging between modest gains and losses as mixed economic and earnings reports failed to spark a broad conviction trade. The dollar and bonds also rose. The S&P 500 rose 0.2 per cent, in a session marked volumes holdin...

Canada’s benchmark stock index finished the trading day higher on Thursday as energy stocks benefited from rising oil prices. The S&P/TSX Composite Index closed up 83.93 points, or 0.42 per cent, to 20,265.37. The subgroups that added the most points to...

Michael Sprung, president, Sprung Investment Management FOCUS: Canadian large-cap stocks MARKET OUTLOOK: Through the first half of 2022, stock and bond markets suffered the worst six months since 1970. Since the end of June, the market has recovere...

A reduction in child-care fees isn't big enough to offset surging fuel, food and shelter costs Prime Minister Justin Trudeau’s overhaul of child care appears to be delivering on its promise to lower costs, providing a rare source of disinflation am...