Earnings
July 21, 2017 - EIF
New! Exchange Income Corp. Q2-2017 Earnings & Price Target Update .....
July 20, 2017 - H
New! Hydro One Limited - Avista Acqusitions & Price Target Update .....
July 19, 2017 - RNW
New! Transalta Renewables Inc. Earnings and Forecast Update .....
July 18, 2017 - D.UN
Dream Office REIT - Price Target Update .....
July 16, 2017 - CRR.UN
Crombie REIT - Earnings & Price Target Update .....
July 14, 2017 - MRT.UN
Morguard REIT - Price Target Increase .....
July 13, 2017 - REF.UN
Canadian Real Estate Investment Trust - Price Target Update .....
July 11, 2017 - WIR.U
WPT Industrial REIT - Price Target Update .....
Recommendation Changes
REF.UN, SMU.UN, AQN, CHW, MRG.UN, more...

Interest Rate Tempest – Earnings: CRR, MRT, REF, WIR

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The popular outlook for interest rates to move higher is really not justified by recent economic data. In the U.S., consumer prices were unchanged in June and retail sales fell for a second straight month, last week. The larger issue at the US Fed and other major central banks may well be the uncertain time frame for unwinding their multi-year bond buying spree.

This strategy was initiated to recover from the Global Financial Crisis, and when combined with plans to raise interest rates in the US, would likely be too much for markets to handle. The probability for both to happen simultaneously is suspect by the steady weakening of the US dollar that began in early Dec-2016.

This week's comments review the changes in the US dollar compared to our basket of global currencies, changes in 10 year bond yields and once again preferred share prices. The price changes for each of the three categories of preferred shares provide a window into how interest sensitive investments at present view the future for central bank interest rate policy.

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New Issues & Acquisition
July 21, 2017
New! Weekly Price Changes July 14-21, 2017
July 14, 2017
New! Weekly Price Changes July 7-14, 2017
July 10, 2017
Rogers Sugar Inc. - New Convertible Debenture
July 7, 2017
Weekly Price Changes Jul 3-7, 2017
July 5, 2017
TD Bank Rate Reset Preferred Share New Issue
July 1, 2017
Weekly Stock Prices June 23-30, 2017
June 23, 2017
Weekly Price Changes June 16-23, 2017
June 20, 2017
BMO 4.4% Rate Reset Preferred Share New Issue