Daily News

Source: BNN Bloomberg April 26, 2022

U.S. stocks rebound ahead of big tech earnings week

U.S. stocks rose in a late-day turnaround as dip-buyers emerged ahead of a busy week for Big Tech earnings. The S&P 500 rallied back in a choppy afternoon session to end near highs of the day, after falling to lows near the 4200 level. The tech-heavy Nasda...

Market Call Source: BNN Bloomberg April 26, 2022

David Fingold's Top Picks: April 25, 2022

David Fingold, vice president and senior portfolio manager, Dynamic Funds FOCUS: U.S. and global stocks MARKET OUTLOOK: Given the recent volatility in equity and fixed income markets, we recommend investors approach markets with a focus on quality...

Source: Bankofcanada April 26, 2022

The Bank of Canada Releases Its Annual Report for 2021

The Bank of Canada’s Annual Report for 2021 was tabled in the House of Commons today. The Report is now available on the Bank’s website. For...

Source: Bankofcanada April 25, 2022

Opening Statement before the House of Commons Standing Committee on Finance

Good morning. 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...

FP Economy Source: Financialpost April 25, 2022

Macklem hints at a second half-point rate hike, while dousing talk he could go bigger

'Anything bigger than a 50-point increase would be very unusual' Bank of Canada governor Tiff Macklem telegraphed a second half-point increase at the central bank’s next interest-rate announcement, while dousing speculation he might be considering...

Source: BNN Bloomberg April 23, 2022

Stocks fall for third week on earnings, rate risks

U.S. stocks fell, capping a third weekly decline, as disappointing corporate results and prospects for aggressive interest-rate hikes weighed on sentiment.  The S&P 500 slid 2.8 per cent, the biggest decline since March 7, tipping the benchmark to a weekly...

Market Call Source: BNN Bloomberg April 23, 2022

Bruce Campbell's Top Picks: April 22, 2022

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks MARKET OUTLOOK: Markets continue to face multiple headwinds that have investors nervous. High Inflation, geopolitical conflict, an inverted yi...

Source: BNN Bloomberg April 23, 2022

Powell hardens hawkish pivot toward half-point Fed rate hikes

Federal Reserve Chair Jerome Powell outlined his most aggressive approach to taming inflation to date, potentially endorsing two or more half percentage-point interest-rate increases while describing the labor market as overheated. “I would say that 50 bas...

Source: BNN Bloomberg April 23, 2022

Nowhere to hide as aggressive rate bets spark rout across assets

Friday is proving a washout for investors as increasingly bigger bets on Federal Reserve tightening prompted traders to offload risk and haven alike before the weekend. The technology-heavy Nasdaq 100 is on track for its worst month since 2008, short-dated...

Source: BNN Bloomberg April 22, 2022

U.S. stocks fall in a dramatic reversal as yields surge

U.S. stocks slid as the selloff in Treasuries resumed, with traders bracing for the possibility of more aggressive policy tightening by the Federal Reserve. The dollar gained. The S&P 500 dropped 1.5 per cent in a dramatic reversal of a more than 1 per cen...