Forty! Forty! Forty!: In its Budget 2013, the government says it’s ready to pounce on “continued low historic rates” and is now assessing the potential of issuing bonds for 40 years – or even longer. “As long-term …
Search Results for: performance
March 21, 2013
Assiduous Reader KL sends me a link to a critique titled The Paper World of Brookfield Asset Management. which highlights and illuminates many of the issues surrounding the earnings quality of the company. The piece …
March 20, 2013
The Fed will continue to pour money into the economy: To support continued progress toward maximum employment and price stability, the Committee expects that a highly accommodative stance of monetary policy will remain appropriate for …
March 19, 2013
The Fed commented on a deposit tax in 1941: In our opinion, however, your proposal is not in accord with one of the fundamental principles of taxation in a democracy, namely, that taxes should be …
March 18, 2013
Remember the old Traders’ Rule? “If you owe a million, you’ve got a problem. If you owe a billion, they’ve got a problem.” The EU has come up with a variation on this for sovereigns: …
March 15, 2013
Revolving door regulation is usually more subtle than this: Lerner, 60, pleaded guilty this week to public-corruption charges. Commerzbank hired him from the Internal Revenue Service in 2011 while he was an examiner responsible for …
March 14, 2013
To the astonishment of many, a Senate committee criticized a bank: JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon sought to hide escalating trading losses that surpassed $6.2 billion, misled investors and dodged …
March 13, 2013
Boyd Erman made some good points on mortgages yesterday: Imagine the federal government lauding cellphone carriers for keeping rates high, or airlines for declining to match each other’s fare cuts. There would be an outcry. …
March 12, 2013
The What-Debt? government has given more help to its buddies at Air Canada: The federal government has approved Air Canada’s request for a reprieve from funding its pension deficit, but has imposed a host of …
RON.PR.A Downgraded to Pfd-4(high), Trend Negative by DBRS
DBRS has announced that it: downgraded the Issuer Rating and Senior Unsecured Debt rating of RONA inc. (RONA or the Company) to BB (high) from BBB (low) and the Preferred Shares rating to Pfd-4 (high) …