There is speculation regarding negative US rates: If the world’s biggest economy weakens enough that traditional policy measures don’t help, the Fed may consider pushing rates below zero, according to Bank of America Corp. and …
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MAPF Portfolio Composition: January, 2016
Turnover fell in January to about negligible levels. 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 …
February 5, 2016
Jobs, jobs, … well, a few jobs, anyway: Job growth settled into a more sustainable pace in January and the unemployment rate dropped to an almost eight-year low of 4.9 percent, signs of a resilient …
February 4, 2016
There are mutterings about increasing foreign holdings of Canada bonds: The Canadian fixed-income market is exposed to foreign investors like never before, said Warren Lovely, head of public-sector research at National Bank. And with Canada’s …
February 3, 2016
I mentioned yesterday the thesis that depressed markets are due to SWFs cashing out (although whenever I read that acronym, my first thought is “Single White Female”. Blush, blush.) Charles Stein of Bloomberg adds a …
RON.PR.A: Lowe's Offers $20 As Part Of Takeover
Lowe’s Companies, Inc. and RONA Inc. have announced: that they have entered into a definitive agreement under which Lowe’s is expected to acquire all of the issued and outstanding common shares of RONA for C$24 …
February 2, 2016
There’s an interesting use of the psychology of dissent from Bridgewater hedge fund: Along with modeling openness to criticism, [Bridgewater’s founder Ray] Dalio has fought groupthink by refusing to make decisions based on hierarchy. Rather …
February 1, 2016
Nothing happened today. But January’s finished with – that’s enough good news for one day! It was a mixed day for the Canadian preferred share market, with PerpetualDiscounts gaining 9bp, FixedResets up 41bp and DeemedRetractibles …
January 29, 2016
Today’s big news was the Bank of Japan moving the deposit rate to negative: Bank of Japan Governor Haruhiko Kuroda is matching European Central Bank President Mario Draghi in pursuing negative interest rates, and even …
January 28, 2016
The regulatory push to move trading jobs offshore is showing signs of success: The $13.2 trillion Treasuries market is getting pushed around more by global developments, the [JPMorgan] analysts wrote in a note titled “24 …