Daily News

Source: BNN Bloomberg July 06, 2022

Adele license fees to help fund US$335M of bonds

Investors bet on the popularity of music from artists ranging from Adele to Neil Diamond to Rosanne Cash as they bought up bonds backed by licensing their catalogues.  Performing-rights organization SESAC, which licenses music to radio, television and film...

Source: BNN Bloomberg July 06, 2022

TSX pares losses even as oil falls below US$100 per barrel mark

Canada’s main stock index pared back some of its losses on Tuesday to close 194.70 points lower at 18,834.16. Earlier in the trading session, the index fell nearly 400 points as energy stocks dragged the broader market. Athabasca Oil Corp., Precision Dr...

Market Call Source: BNN Bloomberg July 06, 2022

Jason Del Vicario's Top Picks: July 5, 2022

Jason Del Vicario, portfolio manager, Hillside Wealth Management, iA Private Wealth FOCUS: North American and global growth stocks MARKET OUTLOOK: Equity markets have continued to be volatile through the second quarter. Bonds have also been weak; b...

Source: BNN Bloomberg July 06, 2022

Tech helps stocks pare losses; Bonds rally

US stocks came off session lows, buoyed by gains in technology companies, though sentiment remains sour as recession fears continue to grip the market. Treasuries gained and oil tumbled. The S&P 500 pared losses after dropping more than 2 per cent, as easi...

Source: BNN Bloomberg July 06, 2022

Why now may be the wrong time to write off the 60/40 portfolio

The classic 60/40 portfolio, where investments are split 60 per cent in stocks and 40 per cent in bonds, has taken a beating this year as both asset classes have plunged.  But now may be “precisely the wrong time to steer a new path” and abandon the balanc...

Source: BNN Bloomberg July 05, 2022

ECB to adjust corporate bond holdings to reflect climate risk

The European Central Bank plans to rejig its corporate bond portfolio to favor issuers that pollute less, marking its most significant shift yet to weave environmental considerations into monetary policy.  The ECB will reinvest “the sizeable redemptions ex...

Source: BNN Bloomberg July 05, 2022

Energy, materials stocks lead TSX in broad-based move higher

The S&P/TSX Composite Index closed 167.50 points higher on Monday to 19,028.86 in a broad-based rally led by materials and energy. Trading volume was 54.29 per cent below the 100-day average as U.S. markets were closed for the July 4th holiday and many tra...

Source: BNN Bloomberg July 05, 2022

U.S. futures, European bonds drop on economic woes

US equity-index futures and European bonds fell as investors worried about the twin threats of dwindling economic growth and stubborn inflation.  Contracts on the S&P 500 and Nasdaq 100 dropped at least 0.3 per cent each after the underlying indexes capped...

Market Call Source: BNN Bloomberg July 05, 2022

Bruce Campbell's Top Picks: July 4, 2022

Bruce Campbell, president and portfolio manager, StoneCastle Investment Management FOCUS: Canadian stocks  MARKET OUTLOOK: June was another awful month for investors and 2022 has been even worse. Investors continued to be concerned with high inflat...

Source: Bankofcanada July 05, 2022

Canadian Survey of Consumer Expectations—Second Quarter of 2022

Results of the second-quarter survey | Vol. 3.2 | July 4, 2022 This survey took place between April 28 and May 13, 2022.1 Follow-up interviews took pla...