Daily News

Source: BNN Bloomberg June 09, 2023

​Currencies positioned to outperform amid rate hikes according to Kathy Lien

Central banks around the world continue to battle runaway inflation through interest rate hikes and one expert believes she has picked out three currencies that will persevere throughout aggressive monetary policy measures.    Speaking with BNN Bloomberg’s A...

Market Call Source: BNN Bloomberg June 09, 2023

Ross Healy's Top Picks: June 8, 2023

Ross Healy, chairman at Strategic Analysis Corporation; portfolio manager at MacNicol & Associates Asset Management FOCUS: North American large-cap stocks  MARKET OUTLOOK: For the second time in this decade (June 2020 being the first), the Nasdaq 1...

Source: BNN Bloomberg June 09, 2023

S&P 500 enters bull market as tech rally resumes

A rally in technology stocks resumed Thursday, pushing the S&P 500’s gains since an October low past 20 per cent, the marker of a bull market. A jump in jobless claims to the highest since October 2021 delivered a boost to the tech sector, which had been f...

Source: BNN Bloomberg June 09, 2023

TSX recap: Index finishes lower amid broad-based declines

Canada's main stock index ticked lower Thursday amid broad-based weakness, while U.S. markets moved higher, led by the technology sector.  The S&P/TSX Composite Index was down 40.99 points, or 0.21 per cent, at 19,942.70. In New York, the Dow Jones Indu...

Source: Financialpost June 09, 2023

'A ticking time-bomb': The rise of the variable-rate, fixed-payment mortgage

Episode 197 of Down to Business podcast Get the latest from Gabriel Friedman straight to your inbox Sign Up Variable-rate, fixed-payment mortgages were all the rage in Canada during the pandemic when interest rates were at rock bottom...

Economy Source: Financialpost June 09, 2023

Bank of Canada's surprise hike exposes global struggle to find endpoint for rates

Other central banks, including the Fed, may have to push rates deeper into restrictive territory The Bank of Canada’s decision to resume raising interest rates shook global bond markets and underscored the difficult task faced by central banks...

Economy Source: Financialpost June 09, 2023

Theo Argitis: Rate hike shows Bank of Canada fighting to stay ahead of the curve on inflation

Central bank's rate increase breathes new life into most aggressive hiking cycle in recent memory In a span of a couple of months, talk about Canada’s economy has gone from recession worries and interest rate cuts to things being too hot to han...

FP Comment Source: Financialpost June 09, 2023

Opinion: There's a way to break inflation without breaking the economy

Productivity growth is key to breaking the momentum By Ted Carmichael THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by Kevin Carmichael, Victoria...

News Source: Financialpost June 09, 2023

Posthaste: Banks revisit recession calls after strong economy prompts rate hike

'Risk of a recession is clearly lower than we thought at the start of this year' We apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team. Posthaste: B...

Economy Source: Financialpost June 09, 2023

David Rosenberg: Rate hike is nail in the coffin that will bury Canada's debt-heavy economy

The Bank of Canada did exercise patience, but not enough The Bank of Canada pulled an RBA and hiked rates on June 7 with the market mostly (call it 60-40) priced for no move and more than 80 per cent of Bay Street economists believing the centr...