TSX posts biggest gain in 7 weeks as investors eye bargains

Canada’s main stock index rose by the most in seven weeks on Monday, clawing back some recent declines, as investors rotated their holdings out of technology into resource and interest rate sensitive shares. The Toronto Stock Exchange’s S&P/TSX composite index (.GSPTSE), opens new tab ended up 293.73 points, or 1.4%, at 21,848.59, its biggest gain since May […]

Fed officials steer cautiously toward potential rate cuts

Federal Reserve officials, heartened by recent data, are looking for further confirmation that inflation is cooling and for any warning signs from a still-strong labor market as they steer cautiously toward what most expect to be an interest rate cut or two by the end of this year. Outlining a litany of reasons for optimism that […]

Hedge fund’s trades with lenders point to return of crisis-era structures

Earlier this year a hedge fund structured two trades worth $642 million, the kinds of which have not been seen since the 2008 crisis. It sold insurance to two U.S. lenders against losses on a loan portfolio, and then sold much of that risk to investors. The trades, a form of re-securitization, were done by […]