Nothing happened today. It was a directionless day for the Canadian preferred share market, with PerpetualPremiums flat, FixedResets gaining 2bp and DeemedRetractibles up 3bp. Volatility was minimal. Volume was light, with the highlights comprised entirely …
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May 24, 2013
Loblaw’s will get out of the real-estate business: Loblaw Cos. Ltd. filed a preliminary prospectus Friday for a planned $7-billion real estate investment trust for its sizable land portfolio under the name Choice Properties Real …
May 23, 2013
The war on bankers’ bonuses is having its intended effect: TD Securities smoked past analysts’ expectations for the unit’s money-making ability, thanks in large part to the bond desk. Net income for the wholesale banking …
May 22, 2013
We’ll be seeing more of these, I think: A freight train jumped the tracks in southeastern Saskatchewan Tuesday and spilled more than 91,000 litres of oil. The accident happened as the Canadian Pacific Rail eastbound …
S&P Upgrades MFC to P-2(high)
Standard & Poor’s has announced: •Following a review of Canada-based Manulife Financial Corp. (MFC) group under our revised insurance criteria, we are raising our counterparty credit rating on MFC to ‘A’ from ‘A-‘ and affirming …
May 21, 2013
Bernanke gave a wonderful speech on innovation and economic growth: Finally, pessimists may be paying too little attention to the strength of the underlying economic and social forces that generate innovation in the modern world. …
May 17, 2013
Nothing happened today either, just like yesterday. It was a day of modest gains for the Canadian preferred share market, with PerpetualPremiums gaining 2bp and both FixedResets and DeemedRetractibles up 5bp. Volatility was minimal. Volume …
May 16, 2013
Nothing happened today. HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of the HIMIPref™ IndicesValues are provisional and are finalized monthly Index MeanCurrentYield(at bid) MedianYTW MedianAverageTradingValue MedianMod Dur(YTW) Issues Day’s Perf. Index Value Ratchet …
May 15, 2013
As noted by the Globe & Mail, the CD Howe Institute has released a paper by Paul R. Masson titled The Dangers of an Extended Period of Low Interest Rates: Why the Bank of Canada …
May 14, 2013
There was a most interesting story on Bloomberg about the travails of the brokerage business: Alex Freemon was so eager to be a stockbroker after graduating from the Georgia Institute of Technology last year that …