Bank of Nova Scotia
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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.
Emera US Finance Issued the Most High Grade Bonds Last Week
Yankee bond issuers dominated the primary high grade bond market in the week ended June 10, making up 30.3%, or $10.2 billion, of all issues.
Lowe’s $2.3 Billion Rona Acquisition: A Fair Price for Growth?
Lowe’s (LOW), announced that it had entered into a definitive agreement to acquire Canada’s largest home improvement retailer, Rona (RON.TO).
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.
How Has Popular Performed in a Competitive Market?
Based on PE and PBV, Popular’s competitors have outperformed. The ETFs that invest in Popular have also outperformed Popular based on price movement, PE, and PBV.
Popular’s Interest and Non-Interest Income Fell in 3Q15
Year-to-date, Popular’s price movement is a mixture of ups and downs. After its 3Q15 earnings report, Popular stock fell 3.6% and closed at $30.26 per share on October 23, 2015.
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.
Inflows Return to Investment-Grade Bond Funds: Week to June 3
Flows into investment-grade (LQD) bond funds returned to positive territory for the week to June 3, after a week in negative territory.
Petrobras Issues 100-Year Tenure High-Grade Bonds
US corporates were the largest issuers of high-grade bonds in the week ending June 5, after US financial companies took the spot the previous week.
Issuance Volume Barely Changes: Investment-Grade Corporate Bonds
Investment-grade corporate bonds worth $24.625 billion were issued in the primary market in the week ending June 5—3.2% lower than the previous week.
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.
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%.