Top news of the day was the BoC Rate 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 …
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October 20, 2015
Nothing happened today, other than Canadian preferred share investors checking out the current value of their portfolios: Click for Big It was another superb day for the Canadian preferred share market (boy, when things snap …
October 19, 2015
I have often railed against the useless of regulatory make-work schemes; clearly, one of the most ridiculous is the anti-money-laundering set of regulations. I’ve quoted John Allison’s observation before, but now I’ll quote it again: …
Low-Spread FixedResets: September 2015
As noted in MAPF Portfolio Composition: September 2015, 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: September 2015
Turnover declined a little in September, to about 5%. 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 …
October 16, 2015
The Russians are bringing us new trends in financial computer hacking: A group of Russian hackers infiltrated the servers of Dow Jones & Co., owner of the Wall Street Journal and several other news publications, …
ZPR Hires New Benchmark Provider
Bank of Montreal has announced: BMO Asset Management Inc. (BMO AM) today announced a change (ZPR Index Change) to the underlying index of BMO S&P/TSX Laddered Preferred Share Index ETF (Ticker: ZPR). Currently, ZPR tracks …
October 15, 2015
There are continued dovish expectations regarding the Fed’s next move: The October rebound in global equities resumed, with U.S. stocks rising to a eight-week high amid bank earnings and growing speculation the Federal Reserve will …
October 14, 2015
There was an extremely benign inflation indicator in the States today: Wholesale prices in the U.S. declined in September by the most since the start of the year as costs fell for gasoline, food and …
October 13, 2015
Singapore is being affected by low growth in Asia: Singapore’s central bank eased monetary policy for the second time this year as the economy narrowly avoided a technical recession, saying weakening prospects for global growth …