Walmart’s run into a little labour trouble after raising their in-house minimum wage because the tier above wants to keep their increment: When Wal-Mart Stores Inc. chief Doug McMillon announced plans to boost store workers’ …
Search Results for: performance
August 5, 2015
There is more muttering about a September Fed hike: Traders have never been more convinced of a September rate hike by the Federal Reserve. The chances of an interest-rate increase next month reached 52 percent …
August 4, 2015
There are new indications of a September Fed hike: Traders are seeing virtually even odds on a September interest-rate increase in the U.S., pushing a gauge of the dollar to a four-month high. The greenback …
Low-Spread FixedResets: July 2015
As noted in MAPF Portfolio Composition: July 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: July, 2015
Turnover remained low in July at about 6%. 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 …
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There has been a very steep decline in the Canadian preferred share index in 2015 – so steep, in fact, that some investors are selling simply because their investment has lost value, which has to …
July 31, 2015
Nothing happened today. The Canadian preferred share market took another whacking to close the month, with PerpetualDiscounts losing 58bp, FixedResets down 56bp and DeemedRetractibles off 23bp. The Performance Highlights table is suitably horrible. Volume was …
July 30, 2015
Too bad none of this activity is taking place in Canada. We spend our billions on pipelines to ship the raw material out of the country.: While the collapse in oil and gas prices since …
July 29, 2015
The FOMC release was equivocal: Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued to improve, …
July 28, 2015
Nothing happened today, either. BORING! It was another rotten day for the Canadian preferred share market, with PerpetualDiscounts losing 28bp, FixedResets off 4bp and DeemedRetractibles down 19bp. The Performance Highlights table is predictably lengthy. Volume …