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INTEREST RATES AND BONDS – 4TH QUARTER 2016 FIXED INCOME COMMENTARY

Interest Rates and Bonds: After peaking in the summer, the bond market’s direction has decidedly deteriorated. In December the US Federal Reserve started its widely expected tightening by raising the Fed Funds rate 0.25% to 0.50%. Further interest rate hikes will likely proceed at a moderate pace as dictated by economic conditions. According to the commentary emanating from Federal Reserve governors and other pundits indicates that the consensus view is that historical interest rate lows are behind us. [+] Read More

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CIBC assesses risks faced by Canadian investors in 2017

CIBC – The Canadian economy faces “major downside risks” related to the incoming U.S. administration’s trade policies and Republican-backed corporate tax reforms, according to a new report from CIBC Capital Markets. These risks will impede the Bank of Canada’s ability to tighten monetary policy, the report predicts.
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Waste Connections (TSE:WCN) expands its footprint in Illinois

Waste Connections Inc (TSE:WCN, Mkt cap 18.46B, P/E 42.35, Div/yield 0.24/0.91, EPS 2.50, Shares 175.43M) announced last week that it has acquired Groot Industries, Inc., the largest independent solid waste services provider in Illinois. It's the company's first acquisition since the merger of Progressive Waste Solutions Ltd. and Waste Connections, Inc. in June 2016. Groot … [+] Read More

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Fort McMurray wildfires contribute to record year for insurable damage in Canada

The wildfires that swept through Fort McMurray in May 2016 forced oil sands producers to cut production and temporarily shut down facilities, and cost insurers billions of dollars.

The Insurance Bureau of Canada (IBC) revealed on Friday that the wildfires, the country’s biggest natural disaster in 2016, resulted in approximately $3.7bn in insured damage — more than twice the amount of the previous costliest natural disaster on record.
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Canadian consumers prioritise debt repayment in 2017

Canadian consumers prioritise debt repayment in 2017

Paying down debt is the top financial priority for Canadians in 2017, according to new research from CIBC.
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Canadian Stock Picks – Michael Sprung on BNN Market Call Tonight

Canadian Stock Picks – Alaris Royalty Corp, AD, ARC Resources Ltd, ARX, AGT Food and Ingredients Inc, AGT [+] Read More

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Cenovus Energy (TSE:CVE) to revive work on Christina Lake oil sands expansion

Canadian oil producer Cenovus Energy Inc (TSE:CVE, Mkt cap 17.73B, Div/yield 0.05/0.95, EPS -1.53, Shares 833.29M) is to resume work at an oil sands project that was shelved two years ago due to declining oil prices.
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Inter Pipeline Ltd (TSE:IPL) and Pembina granted royalty credits for new petrochemical plants

Inter Pipeline Ltd (TSE:IPL, Mkt cap 10.19B, P/E 20.80, Div/yield 0.14/5.79, EPS 1.35, Shares 360.48M) said on Monday that it will receive up to C$200m in royalty credits from the Petrochemical Diversification Program. Credits were awarded in support of Inter Pipeline’s proposed construction of a C$1.85bn propane dehydrogenation (PDH) facility near Fort Saskatchewan, Alberta. [+] Read More