Daily News

Commodities Source: BNN Bloomberg April 27, 2022

Commodity traders thrust into the spotlight as war exposes risks

The world of commodity traders has long been a secretive one. The merchants who buy and sell the world’s resources have a massive global reach but are mostly privately owned and tend to operate away from public and regulatory view. Suddenly, it seems that...

Commodities Source: BNN Bloomberg April 27, 2022

Commodity prices to stay elevated through 2024, World Bank says

Food and energy price surges worsened by the Ukraine war could last through the end of 2024 due to disruptions in trade and production, the World Bank Group said Tuesday.  Increase in energy prices, which has reached the largest since the 1973 oil crisis,...

Market Call Source: BNN Bloomberg April 27, 2022

John Zechner's Top Picks: April 26, 2022

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large cap stocks MARKET OUTLOOK: No shortage of worries for investors right now with stocks still trading near record valuations, particularly in the high-growth sector...

Source: BNN Bloomberg April 27, 2022

Nasdaq 100 hurtles toward year's low: Five views on what's behind the drop

COVID in China, war in Europe and changing perceptions about the invincibility of Big Tech companies are behind a plunge in the Nasdaq 100 Index that reached as much as 3.2 per cent on Tuesday. Only 10 of the index’s components are trading higher for the d...

Source: BNN Bloomberg April 27, 2022

Tech stocks fall postmarket on drag from earnings

U.S. stocks sank to the lowest in six weeks as doubts emerged that corporate profits can withstand the Federal Reserve stepping up its battle to tame runaway inflation. The rout persisted after the cash market closed, as results from Alphabet Inc., Texas I...

Source: BNN Bloomberg April 27, 2022

Tesla drop wipes out US$126B on Musk's 'bear festival'

Tesla Inc. wiped roughly US$126 billion off its valuation Tuesday as the stock fell 12 per cent on investors’ concern that Elon Musk may sell shares to complete his US$44 billion takeover of Twitter Inc. The electric-vehicle maker’s market capitalization i...

Source: BNN Bloomberg April 27, 2022

TSX hits three-month low on fears about slowing economic growth

Canada's main stock index lost more than 300 points as a big drop in the technology sector drove it to its lowest level in three months on ongoing concerns about slowing global economic growth. Giles Marshall, portfolio manager at Fiduciary Trust Canada, s...

Source: Bankofcanada April 27, 2022

Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce

Good evening. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our recent policy announcement and the Bank of Canada’s Monet...

Source: BNN Bloomberg April 26, 2022

Ontario pension looks for real estate, infrastructure amid inflation

Ontario’s pension fund for government workers is seeking out more deals in infrastructure and real estate as it prepares for a protracted period of high inflation. “We do believe inflation will be elevated for the next 10 years compared to the last 10 year...

Source: BNN Bloomberg April 26, 2022

Bank of Canada will consider another half-point hike: Macklem

Bank of Canada Governor Tiff Macklem said the central bank will consider another 50-basis-point increase to its benchmark interest rate to wrestle inflation down from three-decade highs. Speaking to lawmakers in Ottawa on Monday, Macklem said the decision...