Daily News

North American markets accelerated to the upside Wednesday as investors dialled back expectations for future U.S. Federal Reserve interest rate hikes and continued to digest a barrage of corporate earnings. The S&P/TSX Composite Index closed 281.88 points...

Stan Wong, portfolio manager at Scotia Wealth Management FOCUS: North American large caps and ETFs MARKET OUTLOOK: Equity markets have recovered somewhat with the S&P 500 Index climbing about eight per cent from its June intraday lows. While it is...

The biggest stock-bond rally in more than two decades has just raised the ante for investors betting Jerome Powell will send somewhat dovish signals at Wednesday’s high-stakes policy decision.  Since the Federal Reserve last raised interest rates in mid-Ju...

The Federal Reserve delivered its expected rate increase and then basically told markets they are on their own when it comes to determining what’s next. Stock bulls took that as a reason to celebrate. Chair Jerome Powell said the central bank won’t offer e...

There were 1,005,700 positions unfilled at the beginning of May — 42% higher than a year ago Job vacancies, an economic indicator that Bank of Canada governor Tiff Macklem is watching closely, climbed to a record in May, as employers continue to st...

Stocks slumped after paltry economic figures and a weaker outlook from the world’s largest retailer underscored the impacts of inflation pressures on consumer spending, with recession fears running rampant as the Federal Reserve gets ready to deliver another...

Shopify Inc.’s stock decline weighed heavily on the S&P/TSX Composite Index on Tuesday as a round of layoffs at the Canadian tech giant added to investor worries about the economy. The Canadian benchmark index closed 131.80 points lower, or 0.69 per cent,...

Canadian mutual funds posted net redemptions of $10.4 billion in June as investors headed for the exits amid market volatility. That’s an acceleration from May, when a net $6.4 billion was pulled from mutual funds. The latest data from The Investment Funds...

United Parcel Service Inc.’s package deliveries declined more than expected during the second quarter, driving the shares down even as higher prices helped boost sales and profit.  Average daily package volume fell 4 per cent in the US and more than 13 per...

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high yield bonds MARKET OUTLOOK: Over the past few months, virtually every asset class has declined, including stocks, bonds and real estate. The war in Uk...