Emergency talks on the Euro crisis are now being planned by the G7 – and this is being reflected in first-time ever historic lows on German bund yields. Investors are now paying for the opportunity to retain the principal value of their investment. Yields have turned negative. Yes, let me repeat that.
The 2-yr German bund [...]
Large movements of money are under way in Europe these days, as knowledgeable Southern Europeans withdraw from Italian, Greek and Spanish banks and seek for safer places to leave their cash. This is the main push behind the drop in German Bund yields, which are now acting in similar fashion to Treasuries as a safe [...]
This week, three more Canadian banks report on their second quarter earnings. While we see only average profit growth (due to less volume growth and tighter margins), capital gains are higher than expected.
Scotiabank’s Q2 Report
Bank of Nova Scotia (TSX: BNS) reports on Tuesday and is expected to give an estimate of $1.15 in earnings per [...]
Not so long ago we were still wondering when the Canadian banks would raise their dividends again, if ever (it seemed) after the 2008-2009 crisis.
Then National Bank led the way, quickly followed by TD.
It’s earnings week for Canadian banks this week, and TD (Toronto Dominion Group) just posted a 23% gain in profits, while raising [...]
The dry spell in bank dividends in Canada is officially over. Although Laurentian had raised its dividend shortly after the worst of the crisis was over, it’s not usually considered one of the Big 5 or even Big 6, the members of which are heavily owned by a majority of Canadians through pension plans, RRSPs [...]