April 17, 2019 - BNS
New! Bank of Nova Scotia, Q1-2019 Earnings & Price Target Update .....
April 17, 2019 - RY
New! Royal Bank of Canada - Q1-2019 Earnings, Price Target Update .....
April 16, 2019 - TD
New! TD Bank - Q1-2019 Earnings, Price Target Update .....
April 14, 2019 - HR.UN
H&R REIT - 2018 Earnings & Price Target Update .....
April 13, 2019 - AX.UN
Artis REIT - 2018 Earnings, Price Target Forecast .....
April 11, 2019 - TA
Transalta Corporation - 2018 Earnings, Brookfield Offer .....
April 9, 2019 - RNW
Transalta Renewables Inc. - 2018 Earnings & Price Target Forecast .....
April 7, 2019 - INE
Innergex Renewable Energy 2018 Earnings & Price Target Update .....
Recommendation Changes
AX.UN, PEGI, NPI, NFI, ALA, more...

Coverage Universe - Weekly Price Changes - Jan 25-Feb 1, 2019

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Current economic data is confirming there is little risk any of the major economies will overheat enough to generate sustained inflation. US central bank chief Jerome Powell has confirmed there is no rush at all to raise interest rates.

GDP growth rates are returning to the long run normal level of about 2%, inflation forecasts are much the same at 2%. Central bankers are spending much less time at the media microphones talking about raising rates. This is a big change from as recently as January of this year, when popular opinion was central banks were firm in their resolve to keep on with raising interest rates. The era of technology is muting inflation, and increasing productivity. Even trade tariffs and ballooning US trade imbalances are not enough to kick start inflation. The lack of inflation is also the reason why rising government debt levels are being tolerated by the bond markets. It is important for this to continue; comments this week discuss why.

The waning outlook for higher interest was also apparent last week in the Canadian preferred share segment. On average there was no change in price for the fixed rate preferred share issues, rate reset preferred shares lost 1.8%. In a flat to possibly declining interest rate environment, the value accorded to the rate reset feature is lessening. For a flat interest rate outlook, rate reset preferred shares will have to be priced to yield the same as comparable fixed rate names. If the outlook shifts to a drop for interest rates, the rate reset feature will be accorded even less value. The reappearance of fixed rate preferred share new issues might not be that far off.

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New Issues & Acquisition
April 18, 2019
New! Surge Energy Inc 6.75% Convertible Debenture New Issue
April 12, 2019
New! Coverage Universe - Weekly Price Changes - Apr. 5-12, 2019
April 8, 2019
Bank of Montreal 5.1% Rate Reset Preferred Share New Isssue
April 5, 2019
Coverage Universe - Weekly Price Changes - Mar 29-Apr 5, 2019
March 29, 2019
Coverage Universe - Weekly Price Changes - Mar 22-29, 2019
March 28, 2019
Element Financial Corp. 4.25% Convertible Debenture New Issue
March 22, 2019
Coverage Universe - Weekly Price Changes - Mar 15-22, 2019
March 21, 2019
Atrium Mortgage Investment Corporation - New Convertible Debenture