Earnings
May 23, 2019 - CM
New! Canadian Imperial Bank of Commerce Q2-2019 Earnings - Price Target Update .....
May 23, 2019 - IPL
New! Inter Pipeline Ltd - Q1-2019 Earnings - Price Target Update .....
May 21, 2019 - KEY
Keyera Corp. Q1-2019 Earnings, Price Target Update .....
May 19, 2019 - CHE.UN
Chemtrade Logistics Income Fund - Q1-2019 Earnings, Price Target .....
May 18, 2019 - CNQ
Canadian Natural Resources Ltd. Q1-2019 Earnings .....
May 17, 2019 - FRU
Freehold Royalties Ltd - Q1-2019 Earnings, Price Target Update .....
May 15, 2019 - VET
Vermilion Energy Inc. Q1-2019 Earnings & Price Target Update .....
May 14, 2019 - ENB
Enbridge Inc. Q1-2019 Earnings & Price Target Update .....
Recommendation Changes
EIF, DR, FTS, CPX, CJR.B, more...

Confirmation Bias – Earnings: BIP, CHR, SJR, CHR, MIC

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"Confirmation bias" refers to a tendency to favour information that confirms our beliefs, while ignoring data that doesn't. With the arrival of the internet and its ability to track individual interests, this delivers even more of what we want know, conveniently to our computer screens. This is how market trends become overextended.

Up until early 2019, the predominant belief borne out of the Global Financial Crisis was that interest rates were heading higher. There was little opinion available to the contrary. Interest rates were going to rise, best get used to it. It changed the composition of the preferred share sector to predominantly floating rate issues.

The early part of 2019 may well be remembered as a time when opinion on the direction of interest rates changed radically; from for certain going higher to not rising at all. The magnitude of this change is beginning to impact markets; comments this week identify early harbingers of this change.

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New Issues & Acquisition
May 24, 2019
New! TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
New! Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price Changes - May 3-10, 2019
May 7, 2019
Capital Power Corp - $150M, 5.75% Mininum Rate Preferred Share New Issue
May 4, 2019
Coverage Universe - Weekly Price Changes Apr 26- May 3, 2019
April 26, 2019
Coverage Universe - Weekly Price Changes Apr. 19-26, 2019
April 19, 2019
Coverage Universe - Weekly Price Changes Apr. 12-19, 2019
April 18, 2019
Surge Energy Inc 6.75% Convertible Debenture New Issue