Daily News

Source: BNN Bloomberg December 31, 2022

U.S. stocks suffer worst year since financial crisis

  U.S. stocks fell on the last trading day of 2022, closing out the worst year in more than a decade for global equities and bonds. Even after a surge in dip-buying in the last hour of trading, the S&P 500 ended lower for a third day in the holiday shor...

Source: BNN Bloomberg December 31, 2022

TSX recap: Index down 0.52 per cent on last trading day of 2022

Canada's main stock index slipped just over 100 points on the last day of trading in 2022, with mixed results across sectors, while U.S. markets were only slightly down after reversing early-afternoon lows. Sign up to get breaking news email alerts sent...

Source: Financialpost December 31, 2022

Rogers, Shaw shares surge after Competition Tribunal approves merger

Competition Bureau is appealing the tribunal's decision Shares in both Rogers Communications Inc. and Shaw Communications Inc. rose Friday after a challenge to the merger of the two telecom rivals was dismissed by the Competition Tribunal....

Source: Financialpost December 31, 2022

Why Whitecap Resources' CEO is making deals and hoping Alberta's Sovereignty Act can heal

'It's not pitting ourselves against any other province,' says Grant Fagerheim of controversial bill Grant Fagerheim, one of the Canadian oilpatch’s biggest dealmakers, is nearing the end of a transformative year at Whitecap Resources Inc., wher...

Source: Financialpost December 31, 2022

FP Answers: We're in our 50s, but do we have enough to retire next year on $70,000 per year?

Here’s what you need to consider while preparing your DIY retirement plan Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page...

Source: Financialpost December 31, 2022

Apocalypse now? Canadians turn to cash as a hedge against chaos

A Bank of Canada report suggests cash has become something to hoard, rather than spend Instead of killing cash, the pandemic might have saved it. We apologize, but this video has failed to load. Try refreshing your brow...

Source: BNN Bloomberg December 30, 2022

U.S. stocks post month’s best day as rate surge fades

U.S. stocks rose in a broad-based rally and Treasury yields fell as data allayed fears of a supercharged jobs market that would support a more aggressive policy path. A gauge of the dollar fell. The S&P 500 notched their biggest one-day gain this month, al...

Source: BNN Bloomberg December 30, 2022

Emerging market investors need to be very cautious about China: Mark Mobius

Investors looking to profit from emerging markets in the long term should keep a close eye on the China’s relations with Taiwan, a veteran money manager warned.    “There’s no question that China needs more capital. They need foreigners to come in and provi...

Source: BNN Bloomberg December 30, 2022

Tesla’s worst-ever year brings US$17 billion windfall for shorts

After years of stinging losses, investors betting against Tesla Inc. are finally reaping the windfall they’ve been expecting. With Chief Executive Officer Elon Musk — and some of his top lieutenants — distracted by his Twitter foray and demand for Tesla’s...

Technology Source: BNN Bloomberg December 30, 2022

These are the stocks that kept investors up at night in 2022

 It’s been a year of historic selloffs for U.S. equities. Marked by surging inflation, jumbo-sized interest rate hikes, a darkening outlook on corporate earnings and recession clouds, the S&P 500 Index has lost 21 per cent, on pace for its biggest slump si...