Looking for Yield -Preferred Shares, Earnings: IPL, KEY, CM, RY, TD
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There have been numerous major events since the Global Financial Crisis, among the most important began in Nov-2018, and is still in process. It has been protecting markets from experiencing a major correction, given the concerns of deteriorating international foreign and trade relations. This major change began in Nov-2018 marking the turning point when the interest rates outlook changed from going higher to stable or falling.
The change in direction for interest rates marks the resumption of almost four decades of declining interest rates. This shift for interest rates significantly impacted rate-reset preferred share prices beginning in Oct-2018 and also Canadian bank common share pricing. Comments this week provides data identifying these changes.
Earnings updates include Keyera Corp.(KEY), Inter Pipeline Ltd(IPL), CIBC(CM), Royal Bank(RY) and TD Bank(TD). Keyera and Inter Pipeline reported their first quarter results, the banks results are for their second fiscal quarter.
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