Daily News

FP Economy Source: Financialpost May 31, 2022

Canada's economic growth slows to 3.1%: What you need to know

Kevin Carmichael: Economy is cooler than forecasters thought, but it's still too hot for the Bank of Canada's liking Canada’s gross domestic product increased at an annual rate of 3.1 per cent in the first quarter, compared with a revised rate of 6...

Source: BNN Bloomberg May 28, 2022

Stocks notch their best week since November 2020

Stocks continued to rebound from a steep rout that drove the market down for seven straight weeks, with rebalancing from institutional investors potentially lifting equities at the end of the month. The S&P 500 wiped out its May losses and posted its bigge...

Source: BNN Bloomberg May 28, 2022

CPPIB's growth-equity team seeking targets amid 'perfect storm'

One of North America’s biggest institutional investors is pushing into the growth-equity business as it anticipates declines in private-company valuations will catch up with those of publicly traded stocks. Canada Pension Plan Investment Board, which manag...

Source: BNN Bloomberg May 28, 2022

Fund managers take to Twitter to warn of turmoil ahead

While stocks may be experiencing a reprieve from a recent steep sell-off, investors likely remain jittery as runaway inflation, lingering supply chain disruptions and hawkish central banks continue to place pressure on markets. That’s led some renowned mon...

Source: BNN Bloomberg May 28, 2022

Big up week for everything is latest sudden twist for traders

Practically everything rose this week, with traders crawling out from seven weeks of wreckage. From speculative flyers to the bluest chips, across junk and corporate bonds to Treasuries and commodities, the path of least resistance was, for once, up.  Clim...

Market Call Source: BNN Bloomberg May 28, 2022

Greg Newman's Top Picks: May 27, 2022

Greg Newman, senior wealth advisor and portfolio manager, Newman Group, ScotiaMcLeod FOCUS: North American stocks and protection strategies MARKET OUTLOOK: Investors are trying to assess whether we are facing a cycle end or a cycle elongation (soft...

Source: BNN Bloomberg May 28, 2022

The Week Ahead: StatsCan business conditions survey; BoC interest rates

Monday, May 30 (U.S. markets closed for Memorial Day) Notable data: Canadian current account balance and StatsCan survey on business conditions European Union leaders begin two-day summit in Brussels (Ukraine, energy prices, food security on agenda)...

Source: BNN Bloomberg May 27, 2022

Stocks see widespread rally amid retail strength

Stocks continued to rebound from the lowest levels in over a year as solid outlooks from retailers bolstered confidence in the economy despite supply-chain snags and inflationary pressures. A slide in US mortgage rates by the most since April 2020 and Broa...

Market Call Source: BNN Bloomberg May 27, 2022

Brian Acker's Top Picks: May 26, 2022

Brian Acker, president, CEO, and chief investment strategist at Acker Finley FOCUS: North American large-cap stocks   MARKET OUTLOOK: Since my last appearance, on April 12, the S&P 500 index has broken or had a negative transit of what we call E...

Source: BNN Bloomberg May 27, 2022

S&P 500 believers see light forming in the market

Have stocks stopped being expensive? Among bulls, hope is coalescing around valuation metrics that could support that view, though with so many caveats they require a big dose of courage to heed.  After falling 15 per cent this year, the S&P 500 is trading...