Daily News

Stocks fell after last week’s powerful rally, with investors rebalancing their portfolios in the final days of the quarter. At the start of a week expected to be marked by fickleness and lack of conviction on a market trough, the S&P 500 had a hard time fi...

One of Wall Street’s most prominent bears sees the current rally in US stocks extending -- prior to the selloff recommencing. Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5 per cent to 7 per cent, before resuming...

Goldman Sachs Group Inc. analysts downgraded Coinbase Global Inc. to a sell rating as the crypto winter continues to take its toll on the struggling digital currency exchange. Shares of the firm slumped 11 per cent to US$55.96 on Monday, extending their de...

Canadian banks looking to expand in the U.S. through acquisitions are facing increased scrutiny from regulators and politicians along with renewed attention on past disputes. Both TD Bank and BMO are working to close big deals there, TD with a US$13.4 bill...

Analysts at Scotiabank have upgraded Vermilion Energy Inc. on the basis that rising European natural gas prices and a declining stock price should set the company up for higher cash flow and a more attractive valuation. Given [Vermilion’s] share price has...

Energy and commodities led Canada's main stock index to continue its upward climb, however U.S. stock markets dipped after posting their best week since 2020. The energy sector was bolstered by a rise in crude oil prices as Europe is preparing to impose ad...

For years, investors valued Facebook’s parent company as if its growth would never falter. Now that it has, fund managers who buy cheap, out-of-favor stocks are finally getting a chance to own shares of Meta Platforms Inc.  Stock pickers at value firms Dod...

Mike Philbrick, chief executive officer, ReSolve Asset Management FOCUS: Exchange-traded funds  MARKET OUTLOOK: Inflation Shock to Growth Shock – This May Not Get Easier There are four economic regimes created by two dynamics: growth and inflati...

BMO Capital Markets lowered its 12-month price target for Bombardier Inc. on the premise that “high financial leverage and heightened macro uncertainty have weighed on [its] valuation.” In a note to clients on Sunday, Analyst Fadi Chamoun reduced his price...

Canada’s households are beginning to buckle amid the weight of rising prices, higher interest rates and a housing correction Canadian consumer confidence levels have fallen to near crisis-era lows in an ominous sign for the nation’s economic outloo...