Stephanie Hughes
Equities Reporter at Bloomberg News
Equities reporter @business BNN regular; iguana mama Views = mine Prev. @financialpost, @BNNBloomberg 📧 [email protected]
Articles
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2 weeks ago |
financialpost.com | Carmen Reinicke |Stephanie Hughes |Geoffrey Morgan
Article content(Bloomberg) — The reaction across Wall Street was swift and euphoric. Stocks added $3 trillion in a matter of minutes after President Donald Trump paused implementation on some of his harshest tariffs. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load. Try refreshing your browser, ortap here to see other videos from our team.
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2 weeks ago |
bloomberg.com | Stephanie Hughes |Geoffrey Morgan |Curtis Heinzl
Investment fund managers who pitched Toronto-listed stocks as a place to hide from a US technology downturn have changed that advice because of President Donald Trump’s tariffs. Canada’s benchmark S&P/TSX Composite Index outperformed the S&P 500 by around 10 percentage points over the past three quarters. But the gauge shed 9.7% over the past three trading sessions — its worst stretch since the onset of the Covid-19 pandemic in March 2020.
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2 weeks ago |
bloomberg.com | Geoffrey Morgan |Stephanie Hughes |Curtis Heinzl
The head of the Toronto Stock Exchange is counting on recent market volatility to sway some companies towards listing in Canada this year, even as tariff-fueled uncertainty dries up risk appetite across the globe. US listings have dwarfed Canadian ones for years, with companies drawn to larger capital pools, lower regulatory burdens and a better-performing market in New York.
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2 weeks ago |
financialpost.com | Geoffrey Morgan |Stephanie Hughes |Curtis Heinzl
US listings have dwarfed Canadian ones for years, with companies drawn to larger capital pools, lower regulatory burdens and a better-performing market in New York. But recent market turbulence — which has hit US stocks harder than Canadian ones — could bolster Canada’s appeal for some companies, said John McKenzie, CEO of the TMX Group. “Let’s be candid, it’s chaos,” said McKenzie, in an interview with Bloomberg.
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3 weeks ago |
bloomberg.com | Stephanie Hughes |Geoffrey Morgan
Canadian stocks dropped in morning trading, falling with global markets after US President Donald Trump applied tariffs to most of its trading partners. Despite the tumble, Canadian equities outperformed their peers in the US. The S&P/TSX Composite Index fell 3.4%, its biggest intraday drop since January 2022. The S&P 500 Index, meanwhile, fell as much as 4.2%.
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RT @gjgolding: Me and the boys going to the bar celebrating the 90 day pause https://t.co/LrYEW3x5oo
RT @geoffreymorgan: Wall Street was euphoric after President Donald Trump paused implementation on some of his harshest tariffs. But the la…
RT @baystreetamber: I'm old enough to remember two days ago when the White House denied they were considering a 90-day pause