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TSX Falls For 4th Straight Day, Ends 2.8% Down

The Canadian market suffered its worst setback in more than than three months on Friday as rising fears of a recession due to aggressive monetary tightening by global central banks to fight inflation rendered the mood extremely bearish.
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Dollar Continues To Rise, Records Fresh Two-decade High

Dollar Continues To Rise, Records Fresh Two-decade High

The U.S. dollar soared to a fresh two-decade high, pushing several major currencies to their multi-year lows in the process, amid mounting fears of a recession due to aggressive policy tightening by the Fed and increasing possibilities of more sharp increases in interest rates lifted its safe-haven appeal.
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Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland stock market ended sharply lower on Friday as worries about a global recession following aggressive interest rate hikes by central banks rendered the mood extremely bearish.
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UK Private Sector Shrinks Most Since Early 2021

UK Private Sector Shrinks Most Since Early 2021

The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday. The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. The score was forecast to ease moderately to 49.0.
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Pound Moves Down Following U.K. Mini-budget Statement

Pound Moves Down Following U.K. Mini-budget Statement

The pound depreciated against its major counterparts in the European session on Friday, as the new government unveiled tax cuts and huge increases in borrowing in its mini budget that spooked the markets.
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Bay Street Seen Opening Notably Lower On Recession Fears

Bay Street Seen Opening Notably Lower On Recession Fears

Sharply lower Canadian and U.S. futures, falling commodity prices and a sell-off in Asian and European markets amid mounting fears of a recession, point to a gap down opening for Canadian shares on Friday.
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Eurozone Private Sector Downturn Deepens In September

Eurozone Private Sector Downturn Deepens In September

The Eurozone economic downturn deepened in September with worsening performances in both manufacturing and services with demand easing sharply as a result of the cost of living crisis, flash survey results from S&P Global showed Friday. The flash composite output index declined to a 20-month low of 48.2 in September from 48.9 in the previous month. The reading came in line with expectations.
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Bausch Health, Glenmark Specialty Say Health Canada Approves RYALTRIS

Bausch Health, Glenmark Specialty Say Health Canada Approves RYALTRIS

Bausch Health Companies Inc. (BHC, BHC.TO) and Glenmark Specialty S.A., a subsidiary of Glenmark Pharmaceuticals Ltd., announced Friday that RYALTRIS (olopatadine hydrochloride and mometasone furoate nasal spray) has been approved by Health Canada for the symptomatic treatment of moderate to severe seasonal allergic rhinitis (SAR) and associated ocular symptoms in adults, adolescents, and children aged 6 years and older.
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