(i) Benchmark securities serve as a general indicator of the level and directional movement of the overall debt market. In the Canadian fixed income market, benchmark (also known as bellwether) securities are the current 3-month, 6-month, and 1 Year Government of Canada Treasury Bills and 2-year, 3-year, 5-year, 10-year and 30-year Government of Canada Bonds. Benchmark Treasury Bills and Bonds are often used to determine the relative values of other fixed income securities.
(ii) CanDeal provides institutional market participants with an electronic marketplace for Canadian dollar debt securities that delivers optimal transparency, efficient trade execution and unique business intelligence data, while reducing operational risk. Institutional investors from around the globe leverage CanDeal to gain direct access to our dealer network, including all of Canada's Primary Dealers. CanDeal is the benchmark for Canadian fixed income pricing. Sourced directly from our dealer network, hundreds of thousands of price updates are received daily to produce a real-time “bid/ask” composite of the market. For more information or to inquire about further bond information, visit www.candeal.com.
Investors have been on a roller coaster ride over the past couple of weeks.
The climax came at the stroke of midnight on Friday, May 10, when U.S.
President Donald Trump’s newest tariffs went into effect – a 25% toll on
$200 billion of Chinese goods. Then later on Friday, the negotiations ended
with no material progress, and there are no formal plans to resume talks.
What’s more, China retaliated the morning of May 13 by announcing tariffs
on U.S. goods being imported to China.
In recent years, investor interest in “value based” investing has been on
the rise. Today, this investment strategy takes many forms with
environmental, social, and governance (ESG) investing leading the way. While ESG investing has been a bit of a niche strategy historically, it has
been gaining more traction in the mainstream, as ESG screening has evolved
to finding any well-managed companies that have very strong governance
frameworks and that have the potential to be good investments. The view now
is that the companies with sound ESG policies have the potential to add
alpha over the long-term.As ESG filtering moves more into the mainstream, we find many companies you
would not think of as being proponents of ESG investing have in fact been
practicing it for many years. One such company is
Foresters Asset Management.
Last time, I suggested
three exchange traded funds
(ETFs) for investors looking to participate in a rising market while
generating some income. But the ETF market continues to grow with something
for every time of investment personality. In fact, nine new ETFs were
launched in March, bringing the total in Canada to more than 700. In this
two-part series, I want to expand on my theme, and look at ETFs that match
specific investment personalities.
The main North American stock gauges succumbed to investor anxieties over
tariffs and tensions swirling around U.S.-China trade talks. Investor
sentiment tanked early in the week as China announced new tariffs in
retaliation for fresh tariffs imposed by the U.S. administration the week
before. However, stock markets rallied through the week as the Trump
Administration put on hold another round of tariffs on over $300 billion of
Chinese imports. It wasn’t enough to lift markets for the week, however, as
the S&P 500 Composite Index lost 0.6% on the week, while the Nasdaq
Composite Index retreated 1.0%. The announcement by President Donald Trump
on Friday that tariffs on Canadian and Mexican steel and aluminum will be
lifted as part of the USMCA trade agreement helped keep the S&P/TSX
Composite Index above water for the week, advancing 0.6%.
What to make of renewed trade tensions? We doubt recent conflict marks a
fundamental shift in the global macro environment. First, President Trump’s
latest manoeuvre is not altogether surprising, given his proclivity for
eleventh-hour pressure tactics. By now, investors should view these policy
shifts not as bugs but as central features of the administration’s dynamic.