Royal Bank of Canada has announced: it has closed its domestic public offering of Non-Cumulative, 5-Year Rate Reset Preferred Shares Series BD. Royal Bank of Canada issued 24 million Preferred Shares Series BD at a …
Search Results for: performance
January 29, 2014
Craig Torres and Aki Ito provide some interesting charts illustrating the Fed’s insouciance regarding the prospects of oil-fuelled deflation: There’s core inflation: Click for Big There’s consumer expectations of inflation: Click for Big … and …
January 28, 2015
The FOMC release was ‘steady as she goes’: Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Labor market conditions have improved …
January 27, 2015
It was a poor day for US equities: The Standard & Poor’s 500 Index lost 1.3 percent by 4 p.m. in New York, while the Dow Jones Industrial Average slid the most since Jan. 5. …
January 26, 2015
These are deflationary times in Europe: Professional forecasters surveyed by the ECB before the QE announcement saw price growth of 0.3 percent this year and 1.1 percent in 2016. The bond-buying program is seen adding …
January 23, 2015
I continue to be fascinated by negative yields: Want proof we’re still living in abnormal times? The bond market is telling us that many advanced economies won’t see much in the way of nominal growth …
January 22, 2015
So the banks are taking advantage of the anti-competitive Bank Act ownership provisions to increase their mortgage margins as well as their margins on Prime: But now, all in mortgage-land are waiting and wondering if …
January 21, 2015
The big news today was the Bank of Canada rate cut: The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 …
January 20, 2015
The loonie got hammered today: Canada’s dollar weakened to the lowest in more than five years on speculation the central bank may signal it’s more likely to lower interest rates than raise them when it …
January 19, 2015
Those who live by the sword… Marko Dimitrijevic, the hedge fund manager who survived at least five emerging market debt crises, is closing his largest hedge fund after losing virtually all its money this week …