Daily News

Source: Financialpost March 11, 2023

Silicon Valley Bank fails, shut down by FDIC after run on deposits

FDIC has been appointed as receiver NEW YORK — The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis...

Source: BNN Bloomberg March 10, 2023

​Defensive stock plays: Three hot picks from Jay Hatfield

Investors who are looking to shield their money from the effects of inflation should look to buy defensive blue chip stocks that pay dividends, one financial executive advised.   Speaking with BNN Bloomberg’s Amber Kanwar on Thursday, Jay Hatfield, chief exe...

Source: BNN Bloomberg March 10, 2023

TSX today: Index trading lower amid losses in metals

Losses in the base metals sector led Canada's main stock index lower in late-morning trading, while U.S. stock markets climbed higher. The S&P/TSX Composite Index was down 11.97 points, or 0.06 per cent, at 20,334.56. In New York, the Dow Jones Industri...

Source: BNN Bloomberg March 10, 2023

U.S. stocks sink to seven-week low as banks clobbered

U.S. stocks notched their worst day in two weeks after a rout in bank shares picked up steam on concerns pockets of trouble in the sector could portend broader dangers. Treasuries rallied. The S&P 500 fell to the lowest since Jan. 19 with financial compani...

Market Call Source: BNN Bloomberg March 10, 2023

Javed Mirza's Top Picks: March 9, 2023

Javed Mirza, analyst, Canaccord Genuity FOCUS: Technical analysis Javed Mirza is a technical analyst and not a portfolio manager. The stocks referenced here are ones he is monitoring closely. MARKET OUTLOOK: We are seeing a new intermediate-term...

Source: Financialpost March 10, 2023

High interest rates mean you don't want to be late if you pay income tax by instalments

Jamie Golombek: You could be hit with arrears interest at the highest rate we’ve seen in more than 15 years Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchas...

Source: Financialpost March 10, 2023

Cathie Wood's flagship Ark fund tops $300 million in fees as investors lose billions

Many investors may be nursing losses so large they are unwilling to withdraw their funds Cathie Wood‘s Ark Investment Management LLC has earned more than US$300 million in fees on its flagship exchange-traded fund since its inception nine years...

Source: Financialpost March 10, 2023

'Our profit doesn't go to me': Loblaw's Galen Weston faces his critics during surreal visit to Parliament Hill

Loblaw, Empire and Metro defend themselves against allegations of profiteering in the grocery business Galen Weston appeared in a corridor at the House of Commons, walking like he had taken several deep breaths before turning the corner. A herd...

Economy Source: Financialpost March 10, 2023

Kevin Carmichael: 3 things Carolyn Rogers told us about how Bank of Canada is thinking about the economy

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 Senior deputy gov...

Source: BNN Bloomberg March 09, 2023

Navigating the currency market: Three hot picks from Kathy Lien

The Canadian dollar suffered a selloff following the Bank of Canada’s decision to keep interest rates on hold at 4.50 per cent on Wednesday.    Speaking with BNN Bloomberg’s Amber Kanwar on Wednesday, Kathy Lien, managing director at BKForex, said the Canadi...