Daily News

Canada’s six largest banks are expected to report their first decline in earnings in two years as rising economic pessimism spurs them to stockpile more capital to protect against potential loan losses. Net income for the country’s six largest lenders is e...

Hedge funds are unleashing record bets that the Federal Reserve will stick to its hawkish script as they rapidly position for higher interest rates in a key corner of the derivatives market.  The group has collectively placed a big short across futures ref...

Last year, five US professors opened two brokerage accounts and placed identical orders to test an algorithm. The next day, one was down by US$150. The other was up US$12. They discovered it wasn’t a one-time anomaly. Over more than five months, the aca...

Stocks fell as short-sellers resurfaced and investors turned cautious after Federal Reserve officials beat the drum on hiking rates. Treasury yields climbed and the dollar rose. The S&P 500 Index extended losses, heading for its biggest daily decline since...

A number of analysts are lowering their profit estimates and cutting their 12-month price targets on Canada’s Big Six banks ahead of earnings season that gets underway next week. In a note to clients on Wednesday, Canaccord analyst Scott Chan said he revis...

Canada’s benchmark stock index finished the trading day down as the financials subsector pulled Bay Street lower. The S&P/TSX Composite Index closed down 153.99 points, or 0.76 per cent, at 20,111.38. The TSX financials subgroup was the biggest under pe...

OMERS says it generated a net investment return of negative 0.4 per cent, or a loss of about $500 million, for the first six months of the year amid wider market turmoil. The pension fund manager says the first half of the year was "extraordinarily difficu...

Investors continued piling into stocks and bonds, dismissing the risk of a more aggressive Federal Reserve as they expect it to ease the pace of rate hikes while inflation pulls back from its peak, according to Bank of America Corp. strategists. Global equ...

(Bloomberg) -- Cryptocurrencies suffered a sharp selloff as global markets retreated after US Federal Reserve officials reiterated their resolve to keep raising interest rates until inflation is contained.  Bitcoin, the largest virtual coin by market capitali...

James Telfser, partner and portfolio manager at Aventine Investment Counsel FOCUS: North American stocks  MARKET OUTLOOK: After a record-setting selloff to start the year, risk markets have found solid footing and have staged an impressive rally. I...