December 17, 2017 - BRE
New! Brookfield Real Estate Services Inc. Q3-2017 Earnings Update .....
December 15, 2017 - RCI.B
New! Rogers Communications Inc. Q3-2017 Earnings and Price Target .....
December 14, 2017 - SJR.B
Shaw Communications Inc. 2017 Earnings & Price Target .....
December 13, 2017 - BCE
BCE - Q3-2017 Earnings, Price Target Update .....
December 12, 2017 - T
Telus Corp. Q3-2017 Earnings & Price Target Update .....
December 10, 2017 - KEG.UN
The Keg Royalties Income Fund - Q3-2017 Earnings .....
December 9, 2017 - MKP
MCAN Mortgage Corp. Q3-2017 Earnings & Price Target Update .....
December 7, 2017 - AI
Atrium Mortgage Investment Corp. Q3-2017 Earnings .....
Recommendation Changes
SJR.B, FN, KEY, MRT.UN, SRU.UN, more...

US Dollar Tracking Lower- Updates: FTS, ALA, CPX, AW, WCP

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Since the first week of May-2017 the US dollar has declined compared to most all of the world's major currencies. Trump talks about the rising US stock market, never about the falling US currency.

The average decline has been between 3-5% depending on the index used. Compared to the changes for 10 year bond yields over the same period of time, US 10 year bonds yields have almost been unchanged while rising everywhere else. Threat of nuclear confrontation, political bedlam and return of gridlock in Washington, perhaps the collapse of oil prices, there are plenty of reasons. The Canadian currency has had the largest gain, recovering from the pre-election rebuke of NAFTA that was just an opening negotiating position for the US. The US dollar is expected to decline further, the reason and implications for valuations is the topic this week.

Updates for Q2-2017 earnings include Fortis Inc. (FTS, FTS.PR.F,G,H,I,J,K, M), AltaGas Ltd. (ALA, ALA.PR. A,B,E,G,I,K,U), Capital Power Corp. (CPX, CPX.PR.A,B,E,G,U,New), A&W Revenue Royalties Income Fund (AW.UN) and Whitecap Resources (WCP). For the preferred share segment both the 3 month and 5 year rate reset categories share prices increased by 0.4%, the fixed rate preferred shares increased in value by 0.2% for the week. This rate of gain over the past 6 weeks for the rate reset versions has slowed and the fixed rates were up compared to being lower for each of the past 5 weeks. This will be covered further in the review of interest rates compared to interest rates that are remains relatively stable, compared to what is happening with the US dollar.

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New Issues & Acquisition
December 15, 2017
New! Coverage Universe - Weekly Price Changes Dec 8-15, 2017
December 8, 2017
Coverage Universe- Weekly Price Changes Dec 1-8, 2017
December 6, 2017
AG Growth International - New Convertible Debenture
December 6, 2017
Kinder Morgan Canada Inc. 5.2% Rate Reset Preferred Share New Issue
December 5, 2017
Fiera Capital Corp. - New Convertible Debenture
December 4, 2017
Melcor REIT - New Convertible Debenture
December 4, 2017
Enbridge Rate Reset, Minimum Guarantee New Issue
December 1, 2017
Coverage Universe - Weekly Price Changes Nov 24-Dec 1, 2017