Standard & Poor’s has announced: it has revised its outlooks on seven Canadian financial institution ratings to negative from stable. The financial institutions are: The Bank of Nova Scotia Central 1 Credit Union Home Capital …
Search Results for: performance
July 26, 2012
It was a solidly positive day for the Canadian preferred share market, with PerpetualPremiums winning 12bp, FixedResets up 4bp and DeemedRetractibles gaining 8bp. Volatility was non-existent. Volume was average. HIMIPref™ Preferred IndicesThese values reflect the …
July 25, 2012
It was a very uneventful day for the Canadian preferred share markets, with PerpetualPremiums gaining 1bp, FixedResets flat and DeemedRetractibles off 1bp. Volatility was almost non-existant. Volume was average. PerpetualDiscounts now yield 4.93%, equivalent to …
July 24, 2012
Capital Power Corporation, proud issuer of CPX.PR.A, has been confirmed at Pfd-3(low) by DBRS: DBRS has today confirmed Capital Power Corporation’s (CPC or the Company) Preferred Shares rating at Pfd-3 (low) with a Stable trend. …
July 23, 2012
Greece is in the headlines again: Greece retakes its position at the heart of the European debt crisis this week as its creditors assess how far off course the country is from bailout targets, raising …
July 20, 2012
The Bank of England knew that the BBA was taking a lackadaisical approach to LIBOR reform: The Bank of England favored having its name removed from the 2008 review of Libor by the British Bankers’ …
July 19, 2012
A story on the potential for LIBOR lawsuits: Plaintiffs would face difficulties, such as proving how much money they lost, said Roy Smith, a finance professor at New York University’s Stern School of Business and …
July 18, 2012
Better late than never! PerpetualDiscounts now yield 4.93%, equivalent to 6.41% at the standard equivalency factor of 1.3x. Long Corporates now yield about 4.25%, so the pre-tax interest-equivalent spread (in this context, the “Seniority Spread”) …
July 17, 2012
The bank rate is unchanged: The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and …
July 16, 2012
As long as the dividend tax rate remains a political football, the US will never have a decent preferred share market: Senate Democrats are seeking to set the top tax rate on dividends at 23.8 …