Tag Archives: rate

Dow, S&P close at record highs as rate-hike angst abates; TSX closed for Victoria Day

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The Dow Jones industrial average and S&P 500 ended at record highs on Monday, helped by a rally in Apple as well as tepid economic data suggesting the Federal Reserve may wait to boost interest rates. Canadian markets were closed for Victoria Day. The S&P 500 racked up its third straight all-time high close, gaining 6.47 points, or 0.3 per ...

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Interest rate hike coming this year, Fed chair Janet Yellen says in upbeat speech

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Federal Reserve Chair Janet Yellen said she still expects to boost interest rates this year if the economy meets her forecasts, having a gradual pace of tightening to follow along with. The DIY investor\’s help guide to portfolio building It\’s hard enough for the experts to manage a stock portfolio let alone a novice, so most do-it-yourself investors should consider ...

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First Federal rate hike is the ‘policy question of the decade’

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The U.S. Federal Reserve is talking up a gradual approach to raising rates of interest in hopes that it can avoid repeating the investor Taper Tantum to come its decision to pare back its quantitative-easing program. But because the Fed has been focusing on its exit strategy since initiating non-conventional policy in 2008, the first rate hike continues to be ...

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Chances of Bank of Canada interest rate cut sit at 35%, says RBC’s Eric Lascelles

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Chances the Bank of Canada will cut interest rates in the next couple of months are about one in three as a weaker currency does not boost exports and companies continue to grapple with lower oil prices, according to Eric Lascelles. Loonie overvalued by 10%, dragging on Canadian growth: CIBC CIBC World Markets says the loonie continues to be overvalued ...

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Bank of Canada cuts rate, guts loonie, confirming it’s going to be an ugly year for the Canadian dollar

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The perfect storm for the loonie has arrived, say analysts, using the Bank of Canada rate cut, weak oil prices, a pokey economy along with a looming Federal election all ganging facing Canada’s currency. David Rosenberg just got a whole lot more cautious on the Canadian dollar We could be at the beginning of an extended bear market for the ...

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Are Canadian rate-sensitive funds on sale?

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The focus on Greece may soon be considered a rear-view mirror event, but Canadian investors should still be thinking about last week’s Bank of Canada’s rate cut, especially since U.S. Federal Reserve Chair Janet Yellen has reiterated the onset of interest rate normalization south from the border continues to be a 2015 event. Regardless of whether rates of interest are ...

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Fed on track for possible September rate hike amid improving economy, job market

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WASHINGTON – The U.S. economy and employment market continue to strengthen, the Federal Reserve said on Wednesday, leaving the doorway open for any possible interest rate hike when central bank policymakers next meet in September. Following a two-day policy meeting, Fed officials said they felt the economy had overcome a first-quarter slowdown and was \”expanding moderately\” despite a downturn within ...

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Improving U.S. economy points to possible rate hike in September

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OTTAWA -?The U.S. economy picked up speed within the second quarter of 2015, thanks to stronger spending by consumers and an improving picture for that labour and housing markets. Is Canada still flirting with recession? Friday\’s GDP report will disclose more We’ll find out just how close the economy actually is to retracing the previous recession of 2008-09 when Statistics ...

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Popularity of rate resets vanishes as issuers opt for perpetual pref shares

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Next Friday, Calgary-based Canadian Utilities Ltd. will get the net proceeds of their latest preferred share financing. If things exercise to the maximum, the company will have placed seven million shares at $25 a share C for which it will be necessary to pay 5.25 per cent a year. The base deal required five million shares to be removed; with ...

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