Daily News

Supersized rate hike aimed to send 'clear message' that Bank of Canada will get inflation under control Bank of Canada governor Tiff Macklem acknowledged the central bank’s credibility has been shaken as inflation hits multi-decade highs and the in...

US stocks surged in a broad-based rally as investors assessed the outlook for earnings and as speculation grew that markets may have come close to bottoming out. The S&P 500 defied the late-day reversal that has been a cornerstone of this volatile market,...

Mike Novogratz, the billionaire investor who once called himself the ‘Forrest Gump of Bitcoin,’ said the recent turbulence in the cryptocurrency industry is a “full-fledged credit crisis” and acknowledged that he was “darn wrong” about the magnitude of the le...

Canada’s benchmark stock index finished the trading day up triple digits as financial and industrials all helped lifted the index higher. The S&P/TSX Composite Index closed up 342.09 points at 18,937.71. Shares of West Fraser Timber Company Ltd. soared...

Investors slashed their exposure to risk assets to levels not seen even during the global financial crisis in a sign of full capitulation amid a “dire” economic outlook, according to Bank of America Corp.’s monthly fund manager survey. Global growth and pr...

Christine Poole, chief executive officer and managing director at GlobeInvest Capital Management  FOCUS: North American large-cap stocks MARKET OUTLOOK: The pullback this year has been the result of compression in the price-to-earnings multiple for...

Kevin Carmichael: Bottom line — a soft landing is getting harder and harder to execute Statistics Canada’s consumer price index, the gauge the Bank of Canada uses to guide interest rates, surged to 8.1 per cent in June, the biggest year-over-year i...

The only question now is whether Bank of Canada hikes 50 or 75 bps in September, says economist The Canadian economy saw the pace of inflation hit 8.1 per cent year over year in June, the fastest since January 1983. Despite the latest reading comin...

US stocks turned sharply lower after Apple Inc.’s plans to slow hiring added to investor worries that the Federal Reserve’s campaign against inflation will drop the economy into a recession. The S&P 500 extended losses in the last hour of trading, after co...

The S&P/TSX Composite Index kicked off the week with a triple-digit gain, bucking the North American trend as all major U.S. markets reversed course midway through the trading day to end in the red. The Canadian index closed 201.17 points higher, or 1.09 p...