Central Banks to the Rescue: Earnings- AQN, EIF, PKI, CHE, SPB, Preferred Shares
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After four years of either raising interest rates or talking about it, central bankers are beginning to accept this tightening phase might be drawing to a close.
At the US Central Bank, Jerome Powell may have taken notice of just how quickly Trump replaced the Attorney General without Congressional approval, or more likely it is just the slowing US economic outlook following the US mid-terms. In Canada, a lack of pipeline capacity for oil production in Alberta has depressed prices and threatens to reduce the annual GDP growth rate by 0.5%. Adding in Europe, Brexit and a trade war that is slowing up the Chinese economy and central banks appear to be shifting into low gear to stabilize the economic outlook.
Comments this week assess what is behind the shift in sentiment from Canadian and US central banks, and consider what the impact will be on income focused investing, including preferred shares.
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