Daily News

Source: BNN Bloomberg December 21, 2022

Big oil stages a big comeback as Exxon's valuation passes Tesla

The largest U.S. oil company, Exxon Mobil Corp., has surpassed electric-vehicle giant Tesla Inc. in market value for the first time since 2020 as investors sell high-growth stocks and buy up value stocks in the energy sector. Sign up to get breaking new...

Source: Bankofcanada December 21, 2022

Call for papers: Themed issue in the Journal of Econometrics

A themed issue in the Journal of Econometrics invites paper submissions on “Machine learning for economic policy” by May 31, 2023. About this themed is...

Source: Financialpost December 21, 2022

Economists expect the worst is over for headline inflation, but core inflation could prove more persistent

Economists are casting a potential shadow over what otherwise should be good news for Canadian consumers Economists at Canada’s biggest banks believe the pace of headline inflation slowed in November as interest rate hikes made over the past ye...

Economy Source: Financialpost December 21, 2022

Tiff Macklem says he won't settle for anything less than a return to 2% inflation

Kevin Carmichael: Bank of Canada governor insists an inflation target designed for a different time remains the right approach Bank of Canada governor Tiff Macklem is set on getting inflation back to two per cent. We ap...

Source: BNN Bloomberg December 20, 2022

U.S. stocks decline for a fourth day; yields climb

U.S. stocks dropped for a fourth session as traders assessed the Federal Reserve’s path next year after central bank officials vowed to keep raising rates until they’re confident inflation is coming down meaningfully.  Sign up to get breaking news email...

Source: BNN Bloomberg December 20, 2022

TSX today: Index down 0.57% amid losses in technology stocks

Canada's main stock index was down 100 points in late-morning trading as losses in the technology and base metal sectors helped lead a broad-based decline, while U.S. stock markets also pulled back. Sign up to get breaking news email alerts sent directl...

Market Call Source: BNN Bloomberg December 20, 2022

Keith Richards' Top Picks: December 19, 2022

Keith Richards, president and chief portfolio manager, ValueTrend Wealth Management FOCUS: Technical Analysis MARKET OUTLOOK: As trend followers, we don’t predict. We simply follow our rules. Those rules incorporate trend confirmation and breakdown...

Source: BNN Bloomberg December 20, 2022

Larry Berman: Outlook for 2023 is more of the same to start, but an investable low is likely

For global equity markets, 2023 promises more of the same as the central bank narrative on tamping down inflation remains a top priority. The focus of central banks for most of the year will be to kill inflation. Unfortunately, that likely leads to a recessio...

Company News Source: BNN Bloomberg December 20, 2022

Disney closes at lowest since 2020 after tepid 'Avatar' debut

Walt Disney Co. fell on Monday, with the media company extending a lengthy selloff that took the stock to a more than two-year low. Sign up to get breaking news email alerts sent directly to your inbox Its shares fell 4.8 per cent to US$85.78, endi...

Source: Financialpost December 20, 2022

10 money mistakes people make in a recession

In uncertain times, it can be easy to make rash decisions that only make things worse This article was created by MoneyWise. Postmedia and MoneyWise may earn an affiliate commission through links on this page. We apolog...