Royal Bank Of Canada
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.
3M: Analysts’ Views before Its Q1 Earnings
Among the analysts tracking 3M, 32% recommended a “buy,” 47% recommended a “hold,” and 21% recommended a “sell.”
DowDuPont: Analysts’ Recommendations
DowDuPont’s consensus target price is $72.63, which implies a potential return of 24.9% over the closing price of $58.13 as of January 28.
Deere: Analysts’ Recommendations
For Deere, 68% of the analysts recommended a “buy,” 32% recommended a “hold,” and none of the analysts recommended a “sell.”
Eastman Chemical: How Much Upside Do Analysts Expect?
Analysts’ consensus on Eastman Chemical indicates a target price of $98.82—a return potential of 25.5% over the closing price as of November 28.
3M: Analysts Revised the Target Price
For 3M stock, 37% of the analysts recommended a “buy,” 42% recommended a “hold,” and 21% recommended a “sell.”
Analyst Cut Sherwin-Williams’s Target Price but Stay Positive
Of the 26 analysts covering Sherwin-Williams, 69% recommend “buy,” 31% recommend “hold,” and none recommend “sell.”
3M: An Update on Analysts’ View
Among the analysts, 38% recommended 3M stock as a “buy,” 37% recommended the stock as a “hold,” and 25% recommended the stock as a “sell.”
How Wall Street Reacted to Berkshire Hathaway Investment in Teva
Teva Pharmaceuticals stock rose ~10.5% during the morning of February 15, 2018, before closing at a rise of ~7.7% on the day.
Analysts’ Consensus on RPM International
For RPM International, 54% of the analysts recommended a “buy,” 46% recommended a “hold,” and none of the analysts recommended a “sell.”
Analysts Are Raising the Target Price of Albemarle Stock
Of the 21 analysts tracking Albemarle (ALB) stock at the end of 2017, 32% recommended the stock as a “buy,” and 68% recommended a “hold.”
Sherwin-Williams: Wall Street Views and Recommendations
As of October 16, 23 analysts are actively tracking Sherwin-Williams (SHW). Among them, 65% have recommended a “buy,” 35% have recommended a “hold,” and none have recommended a “sell.”
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.
How Weyerhaeuser and Timberland REITs Came through the Fire
Timberland REITs (real estate investment trusts) in the US don’t seem to be in doubt about their continued growth momentum in the near future.
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.
Why Did Analysts Revise Their Ratings for UTX in 2Q16?
The analysts from Goldman Sachs (GS) and RBC Capital Markets (RY) changed their ratings on UTX from “buy” to “hold” by the end of the quarter on June 30, 2016.
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.
A Recap of Investment-Grade Corporate Bonds Year-to-Date in 2016
Until the week ended February 19, 2016, the year-to-date (or YTD) issuance of investment-grade corporate bonds stood at $216.6 billion.
Investment-Grade Bond Funds Keep Seeing Outflows
Flows into investment-grade bond funds were negative for the week ending January 20, with outflows of $442 million—down from $740 million last week.
Issuances of Investment-Grade Corporate Bonds Fell in the Week Ending January 22
Investment-grade corporate bonds worth ~$28.8 billion were issued in the week ending January 22—down from ~$62.5 billion the prior week.
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.
Anheuser-Busch Had Record Issuances in High-Grade Bonds Last Week
Anheuser-Busch InBev (BUD) issued $46.0 billion in high-grade bonds rated A2/A- rated on January 13. This was the second largest high-grade bond issuance on record.
$62.47 Billion in Investment-Grade Corporate Bonds Issued Last Week
Investment-grade corporate bonds worth $62.47 billion were issued in the primary market in the week ended January 15, 2016. Investment-grade corporate bonds worth $29.68 billion were issued in the previous week.
Canadian Dollar Fell for the 11th Straight Trading Day
The US dollar-Canadian dollar currency pair is inversely related to the Canadian dollar. It was on a positive bias on January 15, 2016.
Should the Canadian Dollar Expect a Gloomy Future?
The Canadian dollar had the biggest slump of the major currencies in 2015 as it lost nearly 15% of its value against the major currencies like the US Dollar, hitting a 12-year low.
Canadian Dollar Fell to an 11-Year Low
The US dollar-Canadian dollar currency pair is inversely related to the Canadian dollar. It rose by 0.2% on December 18. The pair rose by 1.1% the previous day.
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.
Citigroup Issued $4.5 Billion Worth of High-Grade Bonds Last Week
US financials were the biggest issuers of high-grade bonds in the week ended October 23, 2015, making up 31.4%, or $8.0 billion, of all issues. Citigroup (C) issued high-grade bonds worth $4.5 billion.
Corporate Bond Market Liquidity: Cause for Concern?
Since the secondary corporate bond market trades over the counter (unlike stocks), broker-dealers play vital roles as market intermediaries.
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.
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.
Key challenges facing the Canadian economy
One of the challenges facing the Canadian economy is a lack diversification. More than 70% of the TSX Composite Index is made up of only three sectors.