Coverage Universe - Weekly Price Changes July 20-27, 2018
This is only a sample of the article, please login to view the entire article
Canada has become a focal point around which US mid-term electioneering and global environmental issues are spinning. The uncertainty from these events will likely increase market volatility ahead. The best anchor for financial markets remains having central banks hold the line on raising interest rates. For the record yields on US 10 year bonds were essentially unchanged for another week.
The major issues arising in the US midterm elections are the future of NAFTA, the Mueller inquiry, and the condition of US government finances. In Canada, a surprise judicial decision has put the expansion TransMountain Pipeline project into jeopardy at a very inopportune time. These are all economically significant issues, and they are occurring at the same time and likely to increase market volatility until the outlook becomes clearer. Commentary attempts to provide a clearer understand of each of these events.
With the increasing uncertainty about the future, the earnings forecast part of earnings updates gains in importance. Updates include TD Bank(TD), Bank of Nova Scotia(BNS), Canadian Imperial Bank of Commerce(CM), Invesque Inc.(IVQ.U) and Inovalis REIT(INO).
You must be a member to view the entire article, please subscribe or login