Daily News

Economy Source: Financialpost March 15, 2023

Canada is a buying opportunity despite series of headwinds: David Rosenberg

This section is Presented This section was produced by the editorial department. The client was not given the opportunity to put restrictions on the content or review it prior to publication. by HSBC HSBC Here's why a repu...

Source: BNN Bloomberg March 14, 2023

Bonds rally, U.S. stocks steady as Fed rate path mulled

The yield on the two-year Treasury note plunged in its biggest one-day slump in decades, while tech stocks rebounded from last week’s rout as the collapse of Silicon Valley Bank reverberated across trading desks. In Monday’s chaotic session, yield on the t...

Source: BNN Bloomberg March 14, 2023

Sell any post-SVB stocks bounce, says Morgan Stanley

Morgan Stanley's Michael Wilson, known for being one of Wall Street's most bearish strategists, recommended that investors sell any rebound in U.S. stocks that may result from regulators' support measures after the collapse of Silicon Valley Bank. “We sugg...

Commodities Source: BNN Bloomberg March 14, 2023

Gold, copper advance as SVB fallout triggers flight to safety

Gold and copper rose as the collapse of Silicon Valley Bank spurred investors to seek safe havens. The American lender’s demise sparked such a severe drop in regional bank stocks that automatic trading halts were triggered on Monday. More broadly, more tha...

Source: BNN Bloomberg March 14, 2023

SVB collapse is not a repeat 08-09 financial crisis: John Zechner

Bank stocks have come under pressure following the collapse of Silicon Valley Bank (SVB), but one financial expert is advising that now is an opportune time to put money into the sector.    SVB, most commonly known for lending money to startup tech companies...

Source: BNN Bloomberg March 14, 2023

Attractive aerospace stocks: Three hot picks from Matthew Lee

Airlines and airfreight companies are well positioned to capture the expected demand in travel and air shipping ahead, one analyst says.    In an interview with BNN Bloomberg’s Paul Bagnell on Monday, Matthew Lee, equity research analyst of aerospace and spe...

Company News Source: BNN Bloomberg March 14, 2023

Canadian regulator seizes assets of Toronto branch of Silicon Valley Bank

Canada's banking regulator says in light of the decision by the California Department of Financial Protection and Innovation to shut down Silicon Valley Bank, it has temporarily seized assets of the Canadian branch to preserve their value. U.S. banking reg...

Source: BNN Bloomberg March 14, 2023

TSX recap: Index finishes 0.94% lower amid losses in energy and financial stocks

Worries about the financial system after two recent bank failures saw bank stocks edge U.S. markets mostly down Monday after a volatile day of trading while Canadian markets fell on weakness in energy and financials.  The S&P/TSX Composite Index was down 1...

Market Call Source: BNN Bloomberg March 14, 2023

Lorne Steinberg's Top Picks: March 13, 2023

Lorne Steinberg, president, Lorne Steinberg Wealth Management FOCUS: Global value stocks and high-yield bonds  MARKET OUTLOOK: Recent comments by the U.S. Federal Reserve indicate that there is a high probability of further interest rate hikes, as...

Source: Bankofcanada March 14, 2023

Law Enforcement Award of Excellence for Counterfeit Deterrence

The Bank of Canada, in collaboration with the Canadian Association of Chiefs of Police (CACP), established an award of excellence for bank note counterfeiting deterrence in 2004. This...