Today's Markets

December 13, 2019

I had a stray thought today regarding the HSE.PR.C reset fiasco … if they calculated the rate in good faith as of November 29, why didn’t they announce the rate on November 29? But now it’s time for PrefLetter! HIMIPref™ Preferred IndicesThese values reflect the December 2008 revision of ...

POW & PWF To Combine, Redeem $350-million Preferreds; S&P Upgrades POW to P-1(low)

Standard & Poor’s has announced: Power Corp. of Canada (PCC) announced its intent to reorganize simplifying its organizational hierarchy by acquiring the remaining public shares of Power Financial Corp. (PFC) that it does not currently own. We are raising our ratings on PCC by one notch, inclu ...

Week Ahead – Phase-one trade deal and UK election aftermath

The US dollar remains at a critical juncture as Fed policy will be on hold for the foreseeable future and as we start to see an economic rebound come out of Europe. The world’s largest and strongest economy is likely to start to see economic growth slow in the fourth quarter, further cementing t ...

Questerre announces resignation of Mr. Sans Cartier from Board of Directors

THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) — Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) ...

UK Election: Will Tory Victory Bring Investors Back to UK Equities?

As widely expected, the Conservative Party emerged victorious in the UK general election. Our Colin Morton anticipates UK equity markets will welcome the outcome, but cautions that some uncertainties remain. ...

Oil prices climb as China confirms a deal on the text of a phase one trade deal with the U.S.

Oil futures climbed on Friday, with U.S. prices touching their highest levels since mid-September, after China said it has reached an agreement on the text of a phase one trade agreement with the United States. The lack of a trade agreement had been a major headwind to crude demand, but oil prices ...

Peyto Exploration & Development Corp. Confirms Dividends for January 15, 2020 and Approves 2020 Capital Budget

CALGARY, Alberta, Dec. 13, 2019 (GLOBE NEWSWIRE) — Peyto Exploration & Development Corp. (TSX: PEY) (“Peyto”) confirms that the monthly dividend with respect to December 2019 of $0.02 per common share is to be paid on January 15, 2020, for shareholders of record on December 31, 2019.  The e ...

Silver and the Miners Wait Patiently for Gold - David Brady (13/12/2019)

December 13,2019 The Fed surpasses expectations for more QE to address potential liquidity issues in the repo market around year-end. This means interbank funding issues are getting worse, requiring ever more stimulus. Meanwhile, Trump announces a phase one trade deal with China “in principle”, ...

Canada’s best Mastercard credit cards 2020

As one of the top credit card companies in the world, Mastercard is both extremely popular and also nearly universally accepted. For those already banking at BMO Bank of Montreal, a major Canadian bank that associates with Mastercard, these cards may offer all the perks you’re after, along with o ...

Retail Sales increased 0.2% in November

On a monthly basis, retail sales increased 0.3 percent from October to November (seasonally adjusted), and sales were up 3.3 percent from November 2018.From the Census Bureau report:Advance estimates of U.S. retail and food services sales for November 2019, adjusted for seasonal variation and holida ...