Bank of Montreal
Why the rate cut may fuel the housing bubble in Canada
The Bank of Canada cut its key interest rate. Although the rate cut intends to boost the economy, it’s also fueling the housing bubble.
Canadian Dollar Sees Sharp Appreciation, Bank of Canada Keeps Rate Unchanged
The US dollar and Canadian dollar currency pair, which is inversely related to the Canadian dollar, fell about 1.3% below opening levels on March 9.
The widening spread in the Canadian prime and key interest rates
The “Big Six Banks” in Canada have only reduced their prime rates by 15 basis points. So the spread between the prime and key interest rates is now 0.1%.
Canada: 5th-largest oil producer, exposed to concentration risk
Canada is the world’s fifth-largest oil producer. It produces about 6% of global energy supplies and ranks third in the world in proven oil reserves.
J.P. Morgan Downgraded PPG Industries, Stock Fell 5.3%
On March 22, J.P. Morgan (JPM) downgraded PPG Industries’ (PPG) rating to “underweight” from “neutral.”
Illinois Tool Works: Analysts’ Recommendations
Among the 21 analysts tracking Illinois Tool Works stock, 19% recommended a “buy,” 67% recommended a “hold,” and 5% recommended a “sell.”
Why Do Analysts Favor Ashland?
Since the beginning of 2018, the number of analysts tracking Ashland (ASH) has increased from 11 to 12.
How Canadian Imperial Bank Takes Advantage of Switching Costs
Canadian Imperial Bank of Commerce (CM CN) is the fifth largest bank in Canada and boasts 11 million clients.
Why Does the September 2016 Dissent in the FOMC Matter?
Eric Rosengren is generally considered to be a dove, meaning that he has favored monetary accommodation in the US.
Major Takeaways from the Bank of Canada’s Monetary Policy
The Bank of Canada decided to keep the interest rates unchanged at 0.5% after the monetary policy meeting on July 13.
Will Weak Employment Impact the Bank of Canada’s Stance?
Statistics Canada published the Canadian labor report on the same day as the US non-farm payroll release. The report suggested a fall of 700 jobs in June.
YTD 2016 Portfolio Moves of the Calvert International Equity Fund
The Calvert International Equity Fund (CWVGX) aims to invest in at least three countries and focuses on bottom-up research.
Canadian Retail Sales Soared and Inflation Ticked Up
For December, consumer inflation rose by 1.6%—compared to growth expectations of 1.7% on an annual basis. It rose by 1.4% in the previous month.
Canadian Dollar Fell despite Strong Domestic Data
The Canadian dollar fell against the US dollar on November 6, 2015. The US Dollar Index was trading stronger than the basket of currencies.
Canadian Dollar Rallies as Interest Rates Remain Flat at 0.5%
The US dollar to Canadian dollar (USD/CAD) moved to 1.326 on the back of speculation that the Bank of Canada could go for another rate cut.
Daimler Finance Raised the Highest Volume of High Grade Bonds
Daimler Finance North America is a subsidiary of Daimler North America Corporation. It issued bonds worth $3.5 billion, the largest issuance last week.
Why PNC Financial Has Been Pricing at a Premium
PNC Financial (PNC) successfully diversified its banking operations by extending offerings in asset management, consumer services, and investment banking.
Yankee Bonds Throng the High-Grade Primary Market
Yankee bonds continued to dominate primary market issuance in the week to April 10. These bonds made up 40.7% of all the issues.
High-Grade Corporate Bond Issuers Make a Cautious Return
Corporate investment-grade issuance surged to $20.525 billion in the primary markets in the week to April 10, 2015—413.1% higher than the issuance the previous week.
Spring could warm up home prices in Canada even more
Rising home prices lead to households taking on more debt to fund the purchase. Increased bank lending to fund the purchases drives real estate prices up more.
3 key factors affecting Canadian currency depreciation
The availability of easy money leads to currency depreciation, which benefits exporters, but is counterproductive for importers.
Economic essentials: The key interest rate and the prime rate
The key interest rate and the prime rate are central to the Canadian financial system. They key interest drives lending rates at the big banks.
Could Canada’s inverted sovereign yield curve mean recession?
Canada’s inverted sovereign yield curve could be an indication of an upcoming recession. US yields exhibited similar curves prior to the 2008 recession.