Oil Prices, Interest Rates Move In Unison-Earnings: TD, RY, CM, HR. IVQ
This is only a sample of the article, please login to view the entire article
Both oil prices and interest rates retreated last week, after each reached 5 year highs. The economics of supply and demand came into play for both.
Rising oil prices encouraged Russia, an OPEC supporter of convenience, to increase their contribution to global oil supply. For US 10 year government bonds, yields above 3% were enough to entice buyers. Comments this week focus on the reasons for last week's pull back for both of these key indicators, and why the simultaneous reversal is meaningful.
Earnings updates include TD Bank (TD), Royal Bank (RY), Canadian Imperial Bank of Commerce (CM), H&R REIT (HR.UN) and Invesque Inc.(IVQ.U). Three of the five major Canadian chartered banks have reported Q2-2018 earnings; Bank of Nova Scotia and Bank of Montreal will be released this week.
You must be a member to view the entire article, please subscribe or login