Canadian inflation was tamer than expected: Canada’s inflation rate slowed more than economists forecast in November, returning to the central bank’s target on a drop in gasoline prices. The consumer price index rose 2.0 percent …
Search Results for: performance
December 18, 2014
US equities were on fire today: The Dow Jones Industrial Average surged the most since 2011 and the Standard & Poor’s 500 Index capped its best two-day gain in three years as global equities rallied …
December 17, 2014
Today’s big news was the FOMC release: Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Labor market conditions improved further, with solid …
December 16, 2014
How ’bout that ruble, eh? After the single worst day in Russia’s nine-month-old financial crisis, the fallout is spreading across global markets. Pacific Investment Management Co. (PEBIX) is facing mounting losses on its Russian bond …
TLM.PR.A To Be Taken Out At $25.00?
Talisman Energy Inc. has announced: •A cash price of C$25 plus accrued and unpaid dividends per Talisman preferred share if holders approve their participation in the transaction…that it has entered into a definitive agreement (the …
December 15, 2014
STRIPS are taking off! An obscure corner of the $12.4 trillion market for U.S. government debt is providing one of the clearest signs yet that bond investors are writing off the threat of inflation for …
Manulife Buries Poorly Performing Manulife Preferred Income Fund
A division of Manulife Financial Corp. announced on October 17: the receipt of the required approvals from securityholders to proceed with certain of the previously announced proposed fund mergers. It is currently anticipated that the …
December 12, 2014
Well, that was a week and a half! U.S. stocks sank, with the Dow Jones Industrial Average capping its biggest weekly drop in three years, as oil continued to slide and Chinese industrial data raised …
IGM.PR.B Downgraded To P-2(high) by S&P
Standard & Poor’s has announced: it reviewed its ratings on 37 global asset managers by applying its new ratings criteria for the sector (see “Key Credit Factors For Asset Managers,” published Dec. 9, 2014). As …
December 11, 2014
The war on markets continues: Citigroup Inc. (C) and Goldman Sachs Group Inc. were among 10 banks fined for failing to shield analysts from pressure to promote stocks a decade after a U.S. crackdown sought …