Bank of Canada

NA.PR.W : Convert or Hold?

It will be recalled that NA.PR.W will reset at 3.839% effective February 16, 2020. NA.PR.W is a FixedReset, 3.90%+225, that commenced trading 2014-10-9 after being announced 2014-9-30. The company announced the extension on 2019-12-19. The issue is tracked by HIMIPref™ and is assigned to the Fixe ...

EMA.PR.F : Convert or Hold?

It will be recalled that EMA.PR.F will reset at 4.202% effective February 15, 2020. EMA.PR.F is a FixedReset, 4.25%+263, that commenced trading 2014-6-9 after being being announced 2014-5-29. The company announced the extension on 2020-1-7. EMA.PR.F is tracked by HIMIPref™ and assigned to the Fix ...

Asia Morning: Asia Smells A Rat

With Chinese New Year starting tomorrow, bringing in the year of the rat, Asia clearly smells one with regional markets ignoring a positive overnight session on Wall Street and marking equities sharply lower today. The coronavirus outbreak in China is obviously the culprit. The fall-out of SARS in ...

January 22, 2020

Today was the Bank of Canada rate announcement: The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The global economy is showing signs of stabilization, and some recent trade develop ...

Europe open – Davos, Corovavirus, BoC, gold, oil

Davos Diverts Attention From BoC and Earnings It’s a mixed bag across Europe on Wednesday, with much of the headlines coming from Davos where Trump delivered his keynote speech yesterday. Source – Thomson Reuters Eikon It’s always interesting to hear the views of some of the world’s mos ...

Daily Markets Broadcast 2020-01-22

Daily Markets Broadcast 2020-01-22 Stocks pressured as Wuhan virus spreads US indices came under pressure yesterday after the first case of the corona virus in the US was reported. News of delays to the un-grounding of Boeing’s 737MAX jet hurt the US30 index. The Bank of Canada is expected to l ...

Poloz Mum About Whether BoC Allowing Insiders to Front Run Markets - Peter Diekmeyer (20/01/2020)

January 20, 2020 More controversy is emerging at the Bank of Canada, where Governor Stephen Poloz has been trying to slip away after his low interest rate policies fostered trillions of dollars in new debts at the expense of ordinary Canadians. New data released by Statistics Canada indicates ...

US Open – Davos, Wuhan Virus pressures stocks and yields, Dax touches record high, Oil’s supply problem, Gold’s range, Bitcoin eases after CBDC think tank formed

A very busy week in Davos was kicked off by President Trump’s opening remarks that reiterated his “America First” motto, while making some positive strokes to this year’s overall green theme. President Trump’s impeachment is also beginning today in what will likely deliver a ton of headl ...

Poloz Mum About Whether BoC Allowing Insiders to Front Run Markets - Peter Diekmeyer (20/01/20)

January 20, 2020 More controversy is emerging at the Bank of Canada, where Governor Stephen Poloz has been trying to slip away after his low interest rate policies fostered trillions of dollars in new debts at the expense of ordinary Canadians. New data released by Statistics Canada indicates ...

Tech Talk for Monday January 20th 2020

Pre-opening Comments for Monday January 20th World equity markets were mixed in quiet overnight trading. U.S. equity markets are closed for the Martin Luther King holiday. European equity indices moved slightly lower. Far East equity indices moved higher, led by a 20.29 point gain by the Shanghai C ...