June 8, 2012
in 2012, ADRs, France, G20, G7, G8, Germany, Greece, QE, Spain, bailout, banks, bonds, central banks, currencies, debt, decisions, economy, emergencies, europe, forex, government, international economy, market reports, news and updates, regulation, sovereign debt, stimulus, wealth protection, yield
Well, we are now officially in the middle of a full-blown European debt crisis threatening to spread globally again. All the more reason we might see further stimulus in the US sooner rather than later.
Ahead of a 2 billion Euro bond auction, Spanish yields soared after ratings agency Fitch downgraded Spanish debt in light of [...]
-
June 6, 2012
in 2012, FTSE, G7, Germany, Greece, banks, bonds, central banks, debt, europe, indicators, international economy, market reports, money supply
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 [...]
-
June 2, 2012
in 2012, Spain, bankruptcy, banks, bonds, central banks, collapse, consumers, currencies, debt, earnings, economy, europe, foreign investment, indicators, interest rates, international economy, savings, stimulus, wealth protection, yield
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 [...]
-
May 29, 2012
in 2012, ADRs, Canadian, Canadian economy, Q2, S&P/TSX, Scotiabank, banks, earnings, international stock market, market reports, news and updates, special dates
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 [...]
-
September 26, 2011
in Federal Reserve, Greece, September, banks, central banks, commodities, debt, economy, europe, foreign investment, gold, international economy, market reports, metals, news and updates, precious metals, sovereign debt
Over the past 24 hours, the price of gold has plunged as much as $104/ounce, or 10%, ahead of what looks to be an imminent Greek debt default. In fact, the past three days have seen the largest consecutive drop in gold prices in 28 years! The question is why, you might ask. Debt problems [...]
-
September 1, 2011
in Canadian, Canadian economy, Q3, S&P/TSX, TD, TSX, banks, dividends, earnings, income, market reports
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 [...]
-
May 24, 2011
in 2011, Canadian, May, Scotiabank, TD, banks, dividends, income, interest rates, news and updates
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 [...]
-
