The Daily Chase: Markets digest Fed hike; Canadian bank tax back in the spotlight
BNN Bloomberg
Equity markets have been all over the place since 2:00 p.m. EDT yesterday as investors, traders, and algorithms struggle to find conviction in their interpretation of Jerome Powell’s words and the U.S. Federal Reserve’s dots.
We’ll keep trying to clear through the fog of monetary policy, notably with RBC Capital Markets Chief U.S. Economist Tom Porcelli at 9:00 a.m. EDT and ex-Pimco Head of Portfolio Management Ed Devlin at 1:00 p.m. EDT.
Best comment I’ve heard since the Fed’s decision yesterday was from our pal at Bloomberg, Vince Cignarella: “(The market is saying) ‘You know — We love you, Jay; but we still remember [transitory] inflation. So we're not hanging our hat on everything the Fed says these days."
The extraordinary times for central banks know no borders. This morning we’ve seen a second consecutive half-point hike by the Bank of England (in a split vote, where three voting members wanted to move even more aggressively); and the Bank of Japan’s stand-pat approach prompted that country’s government to intervene in the currency market to prop up its currency.
From rolled steel to kitchen cabinets, Canadian businesses hit by targeted U.S. tariffs are struggling to respond as the trade war drags into its second year.
Global benchmarks mostly rebounded Tuesday, in a mood of cautious relief after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war.
It’s that time of the year again, tax time, a time to file your annual return with the Canadian Revenue Agency.
Gold seen as overbought as Iran tensions ease, with falling oil prices lifting stocks and shifting investor sentiment toward risk assets.
Stock markets in Canada and the U.S. rallied after President Donald Trump said the United States has talked with Iran about a possible end to the war.
A cautious relief swept through financial markets Monday after President Donald Trump said the United States has talked with Iran about a possible end to their war.
A pipeline leak in Sarnia, Ont., has been located more than a week after a sheen reportedly turned up on the St. Clair River.
U.S. President Donald Trump on Monday said the U.S. was talking with a “respected” Iranian leader and claimed the Islamic Republic was eager for a deal to end the war. He also extended a deadline for Iran to reopen the crucial Strait of Hormuz or face attacks on its power plants, saying it has an additional five days.
Berkshire Hathaway, the conglomerate built by Warren Buffett, is buying a 2.49 per cent stake in Japanese insurer Tokio Marine Holdings for about US$1.8 billion as part of a new strategic partnership, deepening its financial commitment to Japan.
Relief is ripping through financial markets after U.S. President Donald Trump said the United States has talked with Iran about a possible end to their war, despite Iran’s denials.
Asset management giant BlackRock’s CEO Larry Fink urged clients to stay invested despite ongoing market volatility, and highlighted that artificial intelligence is reshaping investment strategies and the broader economy.
Jurors wade through daunting evidence in high-stakes Meta trial about social media risks to children
A stream of testimony and evidence has been presented in a New Mexico case exploring what Meta knew about the effects of its platforms on children.