DOCSLIB.ORG

Macro View Canadian Markets U.S. Markets

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Macro View Canadian Markets U.S. Markets INVESTMENT STRATEGY GROUP MARKET BEAT Monday, January 04, 2021 MACRO VIEW Market Indicators Index Level* Change YTD YTD (C$) The TSX (+0.7%) is higher helped by a rising energy sector while Wall S&P/TSX 17,547.87 0.66% 0.7% 0.7% Street's main indices are modestly lower after hitting a record high S&P 500 3,740.87 -0.40% -0.4% -0.3% earlier in the trading session. West Texas Intermediate crude oil (- NASDAQ 12,879.06 -0.07% -0.1% 0.0% 0.2%) prices are slightly down, while OPEC meets to discuss capping Dow Jones 30,324.83 -0.92% -0.9% -0.9% output at current levels in February, as COVID-19 keeps worries about Nikkei 225 27,258.38 -0.68% -0.7% -0.6% demand elevated. Gold (+2.2%) prices started the new year by Euro Stoxx 50 3,581.81 0.82% 0.8% 1.3% surpassing the key US$1,900 level, as rising COVID-19 cases have FTSE EM 2,700.64 1.16% 1.2% 1.1% investors turning to the metal. North American bond yields have steadied in morning trade with the U.S. 10-year at 0.93%, and the Canadian Market Movers Canadian 10-year at 0.68%. The Canadian dollar strengthened against the greenback as oil prices climb and domestic data showed factory BPY-U Brookfield Prope 16.2% activity expanding in December at its fastest pace on record. WEED Canopy Growth Co 8.8% Canadian factory activity grew at its fastest pace on record in K Kinross Gold 7.1% Decembe r as new orders and production expanded, while manufacturers ABX Barrick Gold Crp 6.8% remain optimistic that output would continue to rise. WPM Wheaton Precious 6.2% CAR-U Can Apartment -0.9% CANADIAN MARKETS QSR Restaurant Brand -1.0% SHOP Shopify Inc -1.2% Brookfield Asset Management (BAM.A, -3.1%) has offered to buy all of BNS Bank Of Nova Sco -1.5% the units it currently does not own of Brookfield Property Partners BAM/A Brookfield Ass -3.1% (BPY.UN, +16.4%) for US$5.9 billion or US$16.50 per unit representing a *As of January 4 2021 10:31 AM. Source: Bloomberg 14% premium to the last closing price. BPY unitholders will have the option to receive US$16.50 in cash, 0.40 Brookfield Class A shares, or U.S. Market Movers 0.66 of BPY preferred units with a liquidation preference of US$25.00 TSLA Tesla Inc 4.2% per unit. NVDA Nvidia Corp 3.0% Fiera Capital (FSZ, +3.2%) is selling Bel Air Investment Advisors, its INTC Intel Corp 2.9% ultra-high net worth private wealth platform to Hightower Advisors. It XOM Exxon Mobil Corp 2.0% has also completed the sale of its New York-based private wealth TMO Thermo Fisher 1.9% investment manager, Wilkinson Global Asset Management, to Wilkinson CMCSA Comcast Corp -2.1% Global Capital Partners. Fiera noted that the combined selling price for both transactions is approximately $81 million. RTX Raytheon Technol -2.4% BKNG Booking Holdings -2.5% Magna (MG, -0.9%) agreed with Fisker (FSR-NYSE, +2.3%) to develop an KO Cocaola Co/The -2.6% Advanced Driver Assistance System for the Fisker Ocean SUV which is BA Boeing Co/The -3.0% expected to launch in late 2022. The Fisker Ocean will be manufactured *As of January 4 2021 10:31 AM. Source: Bloomberg exclusively by Magna in Europe. Benchmark Bonds & Rates U.S. MARKETS Chg1 Yld1 Mar-212 Jun-212 Magellan Health (MGLN, +12.2%) shares were trading higher following CA 2YR 0.00% 0.20% 0.35% 0.40% the announcement that it will be acquired by the health insurer, CA 10YR 0.00% 0.68% 0.80% 0.85% Centene (CNC, +1.5%). Centene will pay US$2.2 billion in cash to US 2YR 0.00% 0.12% 0.30% 0.30% US 10YR 0.01% 0.92% 1.00% 1.10% purchase Magellan, inclusive of debt. The equivalent US$95 per share purchase Rate1 Mar-212 Jun-212 price represents a 14.7% premium to Magellan’s prior closing price. CA Prime 2.45% - - MGM Resorts (MGM, -4.1%) has placed a bid to acquire British company CA Overnight Tgt 0.25% 0.25% 0.25% Entain for US$11 billion. Entain, the parent of betting firm Ladbrokes, Fed Funds Tgt 0.25% 0.13% 0.13% 1 - As of January 4 2021 10:31 AM.; 2 - CIBC forecasts. Source: Bloomberg CIBC PRIVATE WEALTH MANAGEMENT INVESTMENT STRATEGY GROUP 1 Market Beat Currencies & Commodities has noted that the offer significantly undervalues its business. Price* Change YTD Thermal imaging and sensor maker, FLIR Systems (FLIR, +19.1%) will be C$/US$ 0.785 0.001 -0.1% acquired by Teledyne Technologies (TDY, -7.4%) for US$8 billion in cash US$/€ 0.815 0.005 -0.4% and stock combined. The deal reflects an implied share price of US$56, Gold $1,934.96 $36.28 1.9% a 28.1% premium to its prior closing price. Copper per 100 lb $357.45 $5.55 1.6% The UK has begun administering doses of AstraZeneca (AZN, +1.9%) and Oil (WTI) $48.52 $0.00 0.0% Oxford University’s joint COVID-19 vaccine. Unlike the vaccines Oil (WCS) $33.92 $0.75 2.3% developed by competitors Pfizer (PFE, -1.0%) and Moderna (MRNA, Natural Gas (NYMEX) $2.61 $0.07 2.7% +5.1%) AstraZeneca’s vaccine does not require extremely cold storage Natural Gas (AECO) $1.95 -$0.02 0.0% temperatures. *As of January 4 2021 10:31 AM. Source: Bloomberg Tesla (TSLA, +4.2%) reported that it delivered a record-setting 499,550 vehicles in 2020, up from 2019’s figure of 367,500. Despite exceeding Equity Indices Since Jan 2020 Wall Street’s consensus production estimate of 481,261 vehicles, Tesla 120 missed its initial 500,000 vehicle goal. Tesla points to the COVID-19- 110 related temporary closure of its U.S. plant as the main reason for 100 missing its target. 90 80 70 60 31 Jul 31 30 Apr 30 31 Jan 31 31 Oct 31 30 Jun 30 30 Sep30 31 Mar 31 29 Feb 29 31 Aug31 31 Dec 31 Dec 31 30 Nov 30 31 May 31 S&P/TSX Dow Jones S&P500 Earnings Releases Name Date Est. Act. T-Mobile Us Inc (TMUS) 01/07 $0.51 -- * Micron Tech (MU) 01/07 $0.65 -- * Constellation-A (STZ) 01/07 $2.41 -- * Walgreens Boots (WBA) 01/07 $1.01 -- * Conagra Brands I (CAG) 01/07 $0.74 -- * Lamb Weston (LW) 01/07 $0.62 -- * Corus Ent Inc-B (CJR/B) 01/12 $0.29 -- Ihs Markit Ltd (INFO) 01/13 $0.67 -- * Shaw Comm-B (SJR/B) 01/13 $0.32 -- Aritzia Inc-Sub (ATZ) 01/13 $0.23 -- Aphria Inc (APHA) 01/13 -$0.03 -- Blackrock Inc (BLK) 01/14 $8.64 -- * First Republic B (FRC) 01/14 $1.50 -- * Source: Bloomberg * = USD Economic Calendar - Canada Economic Calendar - U.S. Day Release Prior Est. Actual Day Release Prior Est. Actual 1/4 Bloomberg Nanos Confidence 55.1 -- 56 1/4 Markit US Manufacturing PMI (Dec F) 56.5 56.3 57.1 1/4 Markit Canada Manufacturing PMI (Dec) 55.8 -- 57.9 1/4 Construction Spending MoM (Nov) 1.30% 1.00% 0.90% 1/5 MLI Leading Indicator MoM (Nov) 2.70% -- -- 1/5 ISM Manufacturing (Dec) 57.5 56.7 -- 1/5 Industrial Product Price MoM (Nov) -0.40% -- -- 1/5 ISM New Orders (Dec) 65.1 -- -- 1/5 Raw Materials Price Index MoM (Nov) 0.50% -- -- 1/5 ISM Prices Paid (Dec) 65.4 -- -- 1/7 Int'l Merchandise Trade (Nov) -3.76b -3.54b -- 1/5 ISM Employment (Dec) 48.4 -- -- 1/7 Ivey Purchasing Managers Index SA (Dec) 52.7 -- -- 1/5 Wards Total Vehicle Sales (Dec) 15.55m 15.73m -- 1/8 Net Change in Employment (Dec) 62.1k -20.0k -- 1/6 MBA Mortgage Applications 0.80% -- -- 1/8 Full Time Employment Change (Dec) 99.4 -- -- 1/6 ADP Employment Change (Dec) 307k 50k -- 1/8 Part Time Employment Change (Dec) -37.4 -- -- 1/6 Markit US Services PMI (Dec F) 55.3 55.2 -- Source: Bloomberg Source: Bloomberg BRAD BROWN, CFA - SR. MANAGER, EQUITIES PUJA GHOSH, CFA, MBA, MSC. – ASSOCIATE LAUREN ELLISON, CIM, CFP – ASSOCIATE JOHNNY TAM, MASC, CFA - ASSOCIATE ALLAN BISHOP - DIRECTOR, FIXED INCOME ANKUR JAIN – ASSOCIATE CIBC PRIVATE WEALTH MANAGEMENT INVESTMENT STRATEGY GROUP 2 Market Beat IMPORTANT DISCLOSURES Important disclosures, including potential conflicts of interest information, our system for rating investment opportunities and our dissemination policy can be obtained by writing to CIBC World Markets Inc. BCE Place, 161 Bay Street, 4th Floor, Toronto, Ontario M5J 2S8, Attention: Research Disclosures Request. This report is issued and approved for distribution in Canada by CIBC World Markets Inc., a member of the Investment Industry Regulatory Organization of Canada and a member of the Canadian Investor Protection Fund. Any questions should be directed to your sales representative. Every province in Canada and most countries throughout the world have their own laws regulating the types of securities and other investment products which may be offered to their residents, as well as the process for doing so. As a result, some of the securities discussed in this report may not be available to every interested investor. Accordingly, this report is provided for informational purposes only, and does not constitute an offer or solicitation to buy or sell any securities discussed herein in any jurisdiction where such would be prohibited.
Load more

Recommended publications
  • Market Monitor
    MARKET MONITOR M&A and financing update 1st Quarter 2020 “There are decades where nothing happens; and there are weeks where decades happen” said Vladimir Lenin Indeed for many of us, the last few weeks of “interesting times” seemed undoubtedly like decades. We are hearing “unprecedented” as often as “coronavirus”. An increasingly common sentiment is that “this time is different.” Lately, the comparisons to past events such as the Great Recession, September 11th, and Black Monday have been questioned. But, relatively little attention has been given to the oil price shock that may have more significant long-term economic implications than COVID-19. The lack of precedent, or our ability to recognize precedent where it’s relevant, will test leadership at all levels of the U.S. economy as monetary, fiscal, and regulatory policy levers are being pulled to create a baseline and a path forward. From February 11th to March 12th, the Dow Industrial average dropped 28%, sending the U.S. into a bear market. On March 9th the stock market experienced its first trading halt when the S&P 500 declined 7%. The capital markets took notice and continued forward. On March 12th when the second trading halt occurred the gravity of the situation intensified and the capital markets began to pause. By noon, almost every M&A sale process was stopped due to the very real threat of COVID-19 on the U.S. economy as the hospitality industry closed its doors, social gathering was restricted by local governments, and employers quickly shifted to work from home models.
    [Show full text]
  • CIBC Smart Plus Account Fee Rebate Terms and Conditions
    December 2019 Page 1 of 3 CIBC Smart™ Plus Account Fee Rebate Terms and conditions We will automatically rebate the monthly account fee for the month in which you open or convert to your first CIBC Smart Plus Account and for the next two months after that, even if you do not meet any of the eligibility conditions during this three month period. This three month fee rebate does not apply to any subsequent CIBC Smart Plus Accounts opened by you alone or jointly. Below explains how you can earn an on-going monthly fee rebate. Eligibility To benefit from the CIBC Smart Plus Account fee rebate, the following conditions must be met each month: • Your CIBC Smart Plus Account must be open at the time the fee rebate is applied; and • Maintain a minimum balance of: • $6,000 at the end of each day during the month in your CIBC Smart Plus Account to rebate the monthly fee on that account; or • $100,0001 of Savings and Investments (see definition and calculation below) at the end of each day during the month to rebate the monthly fee on one CIBC Smart Plus Account. If you have more than one CIBC Smart Plus Account, CIBC will determine which one will receive the Savings and Investments fee rebate. If you are a client with assets at CIBC Wood Gundy, CIBC Private Investment Counsel or CIBC Private Banking you automatically qualify to receive the monthly fee rebate on one Smart Plus Account. If you have more than one Smart Plus Account, CIBC will determine which one will receive the monthly fee rebate.
    [Show full text]
  • Including League Tables of Financial Advisors
    An Acuris Company Finding the opportunities in mergers and acquisitions Global & Regional M&A Report 2019 Including League Tables of Financial Advisors mergermarket.com An Acuris Company Content Overview 03 Global 04 Global Private Equity 09 Europe 14 US 19 Latin America 24 Asia Pacific (excl. Japan) 29 Japan 34 Middle East & Africa 39 M&A and PE League Tables 44 Criteria & Contacts 81 mergermarket.com Mergermarket Global & Regional Global Overview 3 M&A Report 2019 Global Overview Regional M&A Comparison North America USD 1.69tn 1.5% vs. 2018 Inbound USD 295.8bn 24.4% Outbound USD 335.3bn -2.9% PMB USD 264.4bn 2.2x Latin America USD 85.9bn 12.5% vs. 2018 Inbound USD 56.9bn 61.5% Outbound USD 8.9bn 46.9% EMU USD 30.6bn 37.4% 23.1% Europe USD 770.5bn -21.9% vs. 2018 50.8% 2.3% Inbound USD 316.5bn -30.3% Outbound USD 272.1bn 28.3% PMB USD 163.6bn 8.9% MEA USD 141.2bn 102% vs. 2018 Inbound USD 49.2bn 29% Outbound USD 22.3bn -15.3% Ind. & Chem. USD 72.5bn 5.2x 4.2% 17% 2.6% APAC (ex. Japan) USD 565.3bn -22.5% vs. 2018 Inbound USD 105.7bn -14.8% Outbound USD 98.9bn -24.5% Ind. & Chem. USD 111.9bn -5.3% Japan USD 75.4bn 59.5% vs. 2018 Inbound USD 12.4bn 88.7% Global M&A USD 3.33tn -6.9% vs. 2018 Outbound USD 98.8bn -43.6% Technology USD 21.5bn 2.8x Cross-border USD 1.27tn -6.2% vs.
    [Show full text]
  • Citigroup Is Citigroup's Dividend Safe? Downgrading Stock Sector Weig Hting: Due to Capital Concerns Market Weight 12 -18 Mo
    Equity Research Change in Recommendation October 31, 2007 US Banks Stock Rating: Sector Underperformer Citigroup Is Citigroup's Dividend Safe? Downgrading Stock Sector Weig hting: Due to Capital Concerns Market Weight 12 -18 mo. Price Target None C-NYSE (10/30/07) $42.41 Our thesis is simple. We believe over near term, C will need to raise over Key Indices: S&P 500, DJ Ind, NYSE, S&P 100 $30bn in capital through either asset sales, a dividend cut, a capital raise, or combination thereof. We believe such a catalyst will pressure the stock 3-5-Yr. EPS Gr. Rate (E) 10.0% significantly lower and accordingly downgrade to SU from SP as of Oct 31. 52 -week Range $40.44 -$56.66 Shares Outstanding 4.9B Float 4,900.0M Shrs C's tang. capital stands at just 2.8%. Since 2006, C has made $26 billion in Avg. Daily Trading Vol. 17,0 00,000 acquisitions, taken over $6 billion in recent charges, and increased its Market Capitalization $208.4B dividend against a backdrop off almost no net income growth. Tang. equity Dividend /Div Yield $2.16 / 5.1% has been almost flat since '05 while tang. assets have grown almost 60%. Fiscal Year Ends December Book Value $25.84 per Shr To put into context, avg. tang. cap ratios are closer to 5% for C's peers. 2007 ROE (E) 14.0% While not part of our immediate thesis, higher credit losses and further LT Debt $340.0B disruption in the SIV market would only exacerbate our thesis of capital Preferred $1,000.00M pressures.
    [Show full text]
  • Oppenheimer Fast Facts
    Oppenheimer Fast Facts Integrated, Tailored Financial Strategies Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading investment bank and full-service wealth-management Firm that provides Global Headquarters 85 Broad Street financial services and advice to high-net-worth investors, individuals, New York, NY businesses and institutions. For over 130 years, we have provided investors with the necessary expertise and insight to meet the challenge of achieving their financial goals. Our commitment to our clients’ investment needs, our experienced and dedicated professionals, and our proud tradition empower us to deliver effective and innovative strategies to our clients. CEO Albert G. Lowenthal Oppenheimer’s goal is for its clients to understand their financial positions, have confidence in their investment decisions and feel optimistic about their futures. Business Principles Mission Provide financial services and advice to individuals, businesses and » Client Focus institutions » Tailored Advice » Open Architecture » Proven Expertise » Trusted Reputation » Flexibility at Scale » Heritage and Continuity Worldwide Employees » Entrepreneurial Mindset ≈ 2,990 Employees ≈ 1,100 Financial Advisors Experienced Financial Advisors 92 Retail Branch Offices 5 Foreign Jurisdictions Oppenheimer Financial Advisors draw upon the expertise of product professionals in investments, planning, retirement, insurance and executive services to develop and execute an investment strategy suited to follow each client’s unique objectives. Clients have access to a broad array of traditional and specialized products and NYSE Stock Symbol services to help meet their financial needs. Clients may benefit from OPY Oppenheimer’s balanced research, investment banking capabilities and order execution capabilities in all major markets. A PROUD HISTORY Dating back to 1881, Oppenheimer and its predecessors have been financial services pioneers.
    [Show full text]
  • Lazard Global Active Funds Plc
    Lazard Global Active Funds plc Interim Report and Unaudited Financial Statements For the financial period ended 30 September 2015 Contents Directors and Other Information .................................................................................... 4 Investment Managers’ Reports ...................................................................................... 6 Statement of Comprehensive Income ......................................................................... 40 Statement of Financial Position ................................................................................... 46 Statement of Changes in Net Assets attributable to Redeemable Participating Shareholders ........................................................................................... 52 Notes to the Financial Statements ............................................................................... 58 Portfolios of Investments ............................................................................................. 92 Statements of Major Changes in Investments ........................................................... 126 LAZARD GLOBAL ACTIVE FUNDS PLC Lazard Global Active Funds plc Period ended 30 September 2015 3 Directors and Other Information Registered Office Investment Managers (continued) 6th Floor Lazard Gulf Limited 2 Grand Canal Square Dubai International Financial Centre Dublin 2 Level 2, Gate Village 1 IRELAND Sheikh Zayed Road Street Manager P.O. Box 506644 DUBAI Lazard Fund Managers (Ireland) Limited 6th Floor Lazard MENA Fund
    [Show full text]
  • Interfaces & Partners
    Interfaces & Partners Data Bloomberg B-Pipe ITG Logic Bloomberg Data License Markit Group Limited Bloomberg Desktop API Proquote Bloomberg Server API Quick Charles River Data Service – Reference Telemet Orion Charles River Data Service – Real-Time The Yield Book Inc. Charles River Data Service – Benchmarks Thomson Reuters DataScope Select AP Pre-Trade Analytics Barclays The Yield Book Inc. ITG Thomson Reuters Jefferies/Quantitative Execution Strategies (QES) UBS SJ Levinson & Sons Accounting Systems Advent APX Princeton ePAM Advent Axys Princeton Financial Systems/PAM, ePAM Advent Geneva Princeton PAM Citi Accounting Princeton PFI DST GPS SS&C Camra DST InfoQuest SS&C Pacer Eagle Investment Systems/Eagle STAR Thomson Reuters PORTIA IDS GIM 2 Wall Street Office Metavante Equity Algo Trading Abel/Noser (US) Credit Suisse (Global) Aqua Securities, L.P (US) Daiwa Capital Securities Markets Co. Ltd (APAC) Auerbach Grayson (Global) Dash Financial (US) Barclay’s Capital (Global) Deutsche Bank (Global) BestEx Pty Ltd DnB NOR Bank ASA (EU,UK) BMO Capital Markets Corp Drexel Hamilton LLC BMO Nesbitt Burns DZ BANK AG (EU) BNP Paribas (Global) Exane (US,EU,UK) BTIG, LLC (US) Execution Ltd (UK) Canaccord Capital (Global) Fidelity Capital Markets (US) CIBC World Markets (US, CAN) FOX River Execution (US) CIMB Securities (Singapore) Pte Ltd (Global) Goldman Sachs (Global) Citigroup (Global) Guggenheim Securities LLC (US) Clearpool, Group (US) HSBC (Global) CLSA Limited (Global) Instinet (Global) Commonwealth Securities, Ltd (Global) ISI Group (US) ConvergEx Execution Solutions (US) ITG Inc. (Global) Cowen & Company, LLC. (US) Jefferies & Company (US) 1 Interfaces & Partners Equity Algo Trading (cont’d) JP Morgan (Global) Quantitative Brokers, LLC (US) Knight Securities (US) Raymond James (US) Leerink Swann & Co.
    [Show full text]
  • Approved-Broker-Deal
    New Mexico State Treasurer's Office Broker-Dealer List Fiscal Years 2020 and 2021 APPROVED LIST FOR FY20/21 Revision date: 03/27/2020 # Firm Name FINRA CRD # Phone Address E-mail Primary / Secondary 1 Academy Securities Matt McQuillen 2364512 646-520-4911 2 Grand Central Tower [email protected] Secondary Dealer CRD # 17433 Joe Tarditi 2672075 646-520-4912 140 E 45th St, 5th Floor [email protected] New York, NY 10017 2 Arbor Research & Trading, LLC Gray Smith 1877575 847-756-3503 1000 Hart Rd, Ste 260 [email protected] Secondary Dealer CRD # 21313 Chris Heller 242259 847-756-3524 Barrington, IL 60010 [email protected] 3 Bancroft Capital, LLC Harry G Smith 1097780 646-880-8601 501 Office Center Dr. Ste 130 [email protected] Secondary Dealer CRD # 290665 Kate Baltra 5068022 484-373-4741 Fort Washington, PA 19034 [email protected] Sue Gress 1100249 484-373-4742 [email protected] Steve Ivcic 1367360 484-373-4737 [email protected] 4 Barclays Capital Peter Bjursten 2497396 415-263-3370 745 7th Avenue [email protected] Primary Dealer CRD # 19714 New York, NY 10019 5 BB&T Securities* Thomas (Tom) Short 4262581 804-644-7686 901 East Byrd Street, Suite 300 [email protected] Secondary Dealer CRD # Peter De Groot 1657937 804-649-3913 Richmond, VA 23219 [email protected] 6 BMO Capital Markets Corp. Jessica Youstra 2557084 312-845-2685 3 Times Square [email protected] Primary Dealer CRD # 16686 Mary Cerrone 1715818 312-461-3866 New York, NY 10036 [email protected] Adam Bramson 4754068 312-845-2694 [email protected] APPROVED FOR REPO Elena Perez 6594936 312-845-4130 [email protected] 7 BOK Financial Securities, Inc.
    [Show full text]
  • Numerical.Pdf
    DTC PARTICPANT REPORT (Numerical Sort ) Month Ending - July 31, 2021 NUMBER PARTICIPANT ACCOUNT NAME 0 SERIES 0005 GOLDMAN SACHS & CO. LLC 0010 BROWN BROTHERS HARRIMAN & CO. 0013 SANFORD C. BERNSTEIN & CO., LLC 0015 MORGAN STANLEY SMITH BARNEY LLC 0017 INTERACTIVE BROKERS LLC 0019 JEFFERIES LLC 0031 NATIXIS SECURITIES AMERICAS LLC 0032 DEUTSCHE BANK SECURITIES INC.- STOCK LOAN 0033 COMMERZ MARKETS LLC/FIXED INC. REPO & COMM. PAPER 0045 BMO CAPITAL MARKETS CORP. 0046 PHILLIP CAPITAL INC./STOCK LOAN 0050 MORGAN STANLEY & CO. LLC 0052 AXOS CLEARING LLC 0057 EDWARD D. JONES & CO. 0062 VANGUARD MARKETING CORPORATION 0063 VIRTU AMERICAS LLC/VIRTU FINANCIAL BD LLC 0065 ZIONS DIRECT, INC. 0067 INSTINET, LLC 0075 LPL FINANCIAL LLC 0076 MUFG SECURITIES AMERICAS INC. 0083 TRADEBOT SYSTEMS, INC. 0096 SCOTIA CAPITAL (USA) INC. 0099 VIRTU AMERICAS LLC/VIRTU ITG LLC 100 SERIES 0100 COWEN AND COMPANY LLC 0101 MORGAN STANLEY & CO LLC/SL CONDUIT 0103 WEDBUSH SECURITIES INC. 0109 BROWN BROTHERS HARRIMAN & CO./ETF 0114 MACQUARIE CAPITAL (USA) INC. 0124 INGALLS & SNYDER, LLC 0126 COMMERZ MARKETS LLC 0135 CREDIT SUISSE SECURITIES (USA) LLC/INVESTMENT ACCOUNT 0136 INTESA SANPAOLO IMI SECURITIES CORP. 0141 WELLS FARGO CLEARING SERVICES, LLC 0148 ICAP CORPORATES LLC 0158 APEX CLEARING CORPORATION 0161 BOFA SECURITIES, INC. 0163 NASDAQ BX, INC. 0164 CHARLES SCHWAB & CO., INC. 0166 ARCOLA SECURITIES, INC. 0180 NOMURA SECURITIES INTERNATIONAL, INC. 0181 GUGGENHEIM SECURITIES, LLC 0187 J.P. MORGAN SECURITIES LLC 0188 TD AMERITRADE CLEARING, INC. 0189 STATE STREET GLOBAL MARKETS, LLC 0197 CANTOR FITZGERALD & CO. / CANTOR CLEARING SERVICES 200 SERIES 0202 FHN FINANCIAL SECURITIES CORP. 0221 UBS FINANCIAL SERVICES INC.
    [Show full text]
  • Macro View Canadian Markets
    INVESTMENT STRATEGY GROUP MARKET BEAT Thursday, September 03, 2020 MACRO VIEW Market Indicators Index Level* Change YTD YTD (C$) The TSX (-0.6%) is trading lower as the energy sector fell while Wall S&P/TSX 16,674.18 -0.14% -2.3% -2.3% Street's main stock indices are being weighed down by the tech sector. S&P 500 3,539.26 -1.16% 9.5% 10.4% West Texas Intermediate crude oil (-1.0%) prices declined to their NASDAQ 11,727.58 -2.73% 30.7% 31.8% lowest point since early August, as focus turned to weaker U.S. fuel Dow Jones 28,925.47 -0.60% 1.4% 2.2% demand and a slow economic recovery from COVID-19. Gold (-0.1%) is Nikkei 225 23,465.53 0.94% -0.8% 2.1% basically flat. North American bond yields dipped with the U.S. 10-year Euro Stoxx 50 3,353.83 0.48% -10.4% -4.7% at 0.63%, and the Canadian 10-year at 0.54%. The Canadian dollar FTSE EM 2,342.62 -0.65% 1.4% 2.2% declined against the greenback as oil prices fell and data showed a widening trade deficit. Canadian Market Movers Canada’s trade deficit widened to C$2.45 billion versus CVE Cenovus Energy 3.1% forecasts of a C$2.5 billion shortfall in July. Exports rose 11.1% and imports increased 12.7%, as motor vehicles and parts were the biggest CNQ Can Natural Res 2.8% contributors to the increase in exports and imports.
    [Show full text]
  • Macro View Canadian Markets U.S. Markets
    INVESTMENT STRATEGY GROUP MARKET BEAT Friday, September 18, 2020 MACRO VIEW Market Indicators Index Level* Change YTD YTD (C$) North American equity benchmarks are trading flat to higher. The U.S. S&P/TSX 16,296.32 0.31% -4.5% -4.5% Department of Commerce announced this morning that it will ban U.S. S&P 500 3,355.73 -0.04% 3.9% 5.4% business transactions with Chinese social media apps TikTok and WeChat NASDAQ 10,876.06 -0.31% 21.2% 23.0% starting on Sunday, meaning Americans will no longer be able to Dow Jones 27,882.86 -0.07% -2.3% -0.9% download the apps. In macro data releases, Canada’s retail sales in July Nikkei 225 23,360.30 0.18% -1.3% 4.2% grew by 0.6% month-over-month but missed analysts’ forecasts of 1.0%. Euro Stoxx 50 3,297.12 -0.59% -12.0% -5.6% Excluding automobiles, retail sales declined by 0.4% compared to FTSE EM 2,334.58 0.30% 1.0% 2.5% estimates of a 0.5% increase. Shifting to commodities, West Texas Intermediate crude oil Canadian Market Movers ( +0.3%) prices are little changed but they have already had a very K Kinross Gold 4.6% positive week due to the impact of Hurricane Sally in the U.S. and also comments from yesterday’s OPEC meeting saying that the group will SHOP Shopify Inc 3.9% clamp down on countries not complying with production curbs. Gold CCL/B Ccl Inds B 3.3% ( +0.3%) is trading higher even as government bond yields and the U.S.
    [Show full text]
  • List of Financial Institutions Offering Locked-In Pension Products Issued: September 5, 2018
    Superintendent’s List of Financial Institutions Offering Locked-In Pension Products Issued: September 5, 2018 This list is to be used for the purposes of sections 104-120, 105, 122-139, 141 and 162 of the Alberta Employment Pension Plans Regulation (154/2014, Consolidated up to 224/2014). The Financial Institutions that appear on this list, as indicated in bold typeface, have been acknowledged by the Superintendent to accept locked-in funds into the types of contracts indicated. The companies listed in regular typeface have been authorized by the Financial Institutions to accept locked-in funds on their behalf, and payments may be made directly to those listed agents. There may be institutions that have applied to appear on this list but whose application was still being processed at the time this list was updated. Please contact our office to verify the status of any Financial Institution with respect to this list. Questions may be directed to: Alberta Treasury Board and Finance Superintendent of Pensions #402, 9515 – 107 Street Edmonton, AB T5K 2C3 Phone: 780-427-8322 Fax: 780-422-4283 Email: [email protected] Website: www.finance.alberta.ca/business/pensions/ SUPERINTENDENT’S LIST OF FINANCIAL INSTITUTIONS OFFERING LOCKED-IN PENSION PRODUCTS BANKS LIRA LIF Canadian Western Bank 21-Dec-15 CIBC (Canadian Imperial Bank of Commerce) 1-Feb-07 23-Oct-07 Concentra Bank 20-Sep-06 20-Sep-06 Home Bank 6-Feb-18 HSBC Bank Canada 14-Sep-07 National Bank of Canada 11-Dec-07 Tangerine Bank 13-Nov-07 20-Jun-12 CREDIT UNIONS LIRA LIF BlueShore
    [Show full text]