PerpetualDiscounts now yield 6.15%, equivalent to 8.00% interest at the standard equivalency factor of 1.3x. Long corporates continue to yield 3.75%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) has narrowed significantly, …
Search Results for: performance
April 21, 2020
Click for Big TXPR closed at 500.86, down 0.57% on the day. Volume today was 3.01-million, about average in the context of the past thirty days. CPD closed at 9.93, down 0.50% on the day. …
April 20, 2020
As if negative interest rates weren’t bad enough. We now have negative oil prices: The spot price for West Texas Intermediate plunged deep into negative pricing Monday, closing at minus US$37.63 over fears of rapidly …
April 17, 2020
Click for Big TXPR closed at 501.84, up 0.97% on the day, which was about 172bp higher than the day’s low, with a late recovery commencing at 3:30 that put even the last two day’s …
April 16, 2020
Click for Big The big news today was the US unemployment numbers: In the last four weeks, the number of unemployment claims has reached 22 million — roughly the net number of jobs created in …
April 15, 2020
Click for Big Retail sales in America were “pretty catastrophic“: Retail sales plunged in March, offering a grim snapshot of the coronavirus outbreak’s effect on consumer spending, as businesses shuttered from coast to coast and …
April 14, 2020
HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet 0.00 % 0.00 …
FFH Warns of Big 20Q1 Loss
Fairfax Financial Holdings Limited has announced: preliminary unaudited financial information which will be finalized for the Company’s first quarter of 2020 unaudited financial results, including information reflecting key developments as a result of the COVID-19 …
April 13, 2020
Amidst all the gloom, it was interesting to see the details of a recent Scotia covered bond issue: Bank of Nova Scotia (BNS) became the first bank outside Europe to issue a deeply negative yielding …
EIT.PR.A, EIT.PR.B : Annual Report 2019
Canoe EIT Income Fund has released its Annual Report to December 31, 2019. EIT Performance Instrument OneYear ThreeYears FiveYears TenYears EITCommon Redeemable Units(based on NAV) +12.7% +6.6% +8.3% +8.9% S&P/TSX Composite Total Return Index +22.9% …