DBRS has announced that it: has today confirmed the Issuer Rating, Medium-Term Notes and Debentures ratings of Loblaw Companies Limited (Loblaw or the Company) and the Senior Unsecured Debt rating of Shoppers Drug Mart Corporation …
Search Results for: performance
March 10, 2016
Europe continues to ease monetary policy: In the face of a global debate on whether monetary policy has lost its effectiveness and is even planting the seeds of the next crisis, the ECB has delivered …
March 9, 2016
Today’s big news was the BoC announcement: The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent …
March 8, 2016
Assiduous Readers will remember covered bonds – issues that are guaranteed both by the issuing bank and by a mortgage pool. This results in high ratings – for instance Royal Bank’s covered bonds are rated …
RON.PR.A Grumblers Get An Ally
The Stirling Funds has issued an Open Letter to Lowes (LOW: NYSE) and to Rona (RON: TSX) – Lowes Bid Undervalues Rona Preferred Shares (RON.PR.A: TSX): Lowes, a FORTUNE 50 US based multinational company with …
March 7, 2015
There’s an interesting story on Bloomberg about the invention of the ETF: Yet, as [Nathan] Most and [Steven] Bloom were discovering at AMEX in 1988, the SEC had essentially requested the ETF’s very creation. “The …
Low-Spread FixedResets: January & February, 2016
As noted in MAPF Portfolio Composition: February 2016, the fund now has a large allocation to FixedResets, mostly of relatively low spread. Many of these were largely purchased with proceeds of sales of DeemedRetractibles from …
MAPF Portfolio Composition: February, 2016
Turnover in February remained negligible. There is extreme segmentation in the marketplace, with OSFI’s NVCC rule changes in February 2011 having had the effect of splitting the formerly relatively homogeneous Straight Perpetual class of preferreds …
March 4, 2016
Jobs, jobs, jobs! Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans. The 242,000 gain followed a …
March 3, 2016
It seems there’s another way to increase low-end salaries: Costco Wholesale Corp. will lift its minimum wage for the first time in nine years, by a $1.50 an hour, as the labor market tightens and …