Zero Interest Rates and Beyond , Preferred Shares, Earnings: PPL, KEY, DR, GEI, EIF
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The easy-to-win trade war initiated by US President Donald Trump always was an ill-conceived strategy, pretending to be capable of altering globalization without consequences. The consequences are becoming apparent.
These include pushing interest rates to zero, maybe beyond and forcing nations to depreciate currencies to sustain their economic growth. Interest rates were heading lower anyway, now it is happening faster, potentially into uncharted territory. The currency battle between the US and China is heating up as well. Comments this week cover the impact these events could have, along with earnings reports that provide about the most factual data in a world awash with information.
Earnings updates include Pembina Pipeline Corp. (PPL, PPL.PF.A, PPL.PR.A,E,G, I, K, M, O, Q, S) , Keyera Corp(KEY), Medical Facilities Corp. (DR, DR.DB.A ), Gibson Energy Inc. (GEI, GEI.DB) and Exchange Income Corp.(EIF, EIF.DB.H,I,J,K). Exchange Income Corp. and Gibson Energy second quarter earnings improved considerably compared to last year, Pembina Pipeline Corp and Keyera's results were down moderately from last year, Medical Facilities Corp. were well below last year. There are two information segments in this update for these five names, Earnings Notes and Recommendations with the Economic and Political Comments in between.
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