Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.4% and the Financial Select Sector SPDR Fund shedding 1%. The Philadelphia Housing Index was falling 1.3%, and the Real Estate Select Sector SPDR Fund was adding 0.4%. Bitcoin was declining 4.1% to $107,794, and the yield for 10-year US Treasuries was easing 1.2 basis points to 3.95%. In economic ne...
"Bond by bond, project by project the muni market has helped to build the spaces and places where American life unfolds," SEC Chairman Paul Atkins said in a speech delivered at the MSRB's 50th Anniversary Celebration Tuesday evening.
Financial stocks were lower in Wednesday afternoon trading, with the NYSE Financial Index down 0.1% and the Financial Select Sector SPDR Fund shedding 0.5%. The Philadelphia Housing Index was falling 1.1%, and the Real Estate Select Sector SPDR Fund was adding 0.3%. Bitcoin was declining 3.8% to $108,012, and the yield for 10-year US Treasuries was easing 1 basis point to 3.96%. In corporate ne...
General Motors' (GM) lending arm, General Motors Financial, plans to sell a three-year bond on Wednesday, Bloomberg reported, citing a person familiar with the deal. The note is expected to price at a yield of about 1.1 percentage points above comparable US Treasuries, the report said.
The province of Alberta is expected to be among Canada's top-performing economies this year and in 2026, said RBC. Yet despite the economic resilience, its unemployment rate ranks among the highest in Canada -- well above neighboring Saskatchewan and Manitoba and comparable with Ontario, where there's more exposure to United States tariffs, noted the bank.
North American Construction Group (NOA) said it has raised an additional $125 million in its private placement offering of 7.75% senior unsecured notes due May 1, 2030. Proceeds will be used to pay down debt. North American shares are up $0.09, to $20.82, on the Toronto Stock Exchange. Price: 20.82, Change: +0.09, Percent Change: +0.43. MT Newswires does not provide investment advice.
The Bank of Canada should still be on track to cut rates at next Wednesday's policy meeting, which isn't yet fully priced in, said Rosenberg Research. What tilts the balance for lower rates and a weaker Canadian dollar -- stuck at C$1.40 -- is the BoC Business Outlook Survey for Q3, which was just published on Monday, noted Rosenberg Research.
North American Construction Group Ltd. (NOA) announced today that it has successfully closed its previously announced private placement offering of an additional $125 million aggregate principal amount of its 7.75% Senior Unsecured Notes due May 1, 2030, representing an additional issuance to the $225 million aggregate principal amount of 7.75% Senior Unsecured Notes issued on May 1, 2025.
Investors will have some time to sit back and stew over their Bank of Canada calls ahead of next Wednesday's policy meeting, said Bank of Montreal. According to the bank: -- Economic growth is "limping" below potential, with the 1.6% contraction in Q2 likely to be followed by a sub-1% advance in Q3. -- The job market has been sluggish despite the strong print for September.
The United Kingdom's unchanged consumer price index inflation of 3.8% year over year in September undershot the Bank of England and Bloomberg consensus forecast that it would take a final step up to 4.0% year over year, said Berenberg.
Not one of the more encouraging inflation reports in Canada, with the consumer price index coming in at 0.1% month over month non-seasonally adjusted in September versus the 0.1% consensus decline expectation -- that is a considerably large miss, said Rosenberg Research.
The Federal Reserve has shared a revised plan with other US regulators that would meaningfully reduce the amount of additional capital big banks must hold from a level proposed under the Biden administration, Bloomberg reported Wednesday, citing people familiar with the matter.
Equipment Leasing & Finance Foundation today released its Q4 update of the 2025 Equipment Leasing & Finance U.S. Economic Outlook, forecasting solid but moderating economic performance through the end of 2025. Equipment and software investment surged during the first half of 2025.
After a long delay, the 2025 Canadian federal budget is finally coming Nov. 4, said Desjardins. While it's difficult to know exactly how big the planned deficits will be, announced spending and tax cuts make clear that they will be among the largest in recent memory as a share of gross domestic product outside of a recession or pandemic, noted the bank.
The US dollar rose against its major trading partners early Wednesday, except for a decline versus the yen, ahead of a quiet day that includes only weekly petroleum stocks inventory data at 10:30 am ET and an appearance by Federal Reserve Governor Michael Barr at 4:00 pm ET.
Reckoner Capital Management, a global asset management firm with specialized expertise in alternative credit, today announced the launch of the Reckoner BBB-B CLO ETF.The actively managed exchange-traded fund is designed to generate current income for investors while providing the capital preservation of BBB- and BB-rated CLOs, which have outperformed similarly rated corporate bonds over the pa...
Wednesday's United Kingdom inflation data keeps the door open at the Bank of England for another rate cut this year, said Sanjay Raja, Deutsche Bank's chief U.K. economist. Headline consumer price index came in nearly 0.2 percentage point below the BoE's MPC's projection at 3.78% year over year, noted the bank.
If Canadians think ticket prices for a concert or sports game seem "eyewatering" these days, it's because they are, said Bank of Montreal. The latest consumer price index report showed spectator entertainment costs jumped 10.7% month over month in September, the fastest pace since the early 1990s.
Societe Generale in its early Wednesday economic news summary pointed out: -- Gold and silver stabilize after correcting on Tuesday, blip or start of deeper mean reversion? -- U.K.'s consumer price index unchanged at 3.8% year over year in September, below forecast. -- Day ahead: European Central Bank speakers Lagarde, Guindos.
Hispanic consumer confidence dropped in the third quarter of the year as uncertainty and increased prices placed added pressure on their budgets, according to a poll from Florida Atlantic University?s Business and Economic Polling Initiative. The Hispanic Consumer Sentiment Index read in at 71 in the third quarter, down from 81.2 in the second quarter.
AST SpaceMobile (ASTS) said it plans to repurchase $50 million of its 4.25% convertible senior notes due 2032, funded by a direct stock offering of about 2 million class A shares to participating noteholders. The company said that the move would eliminate $50 million in debt and about $13.5 million in future interest payments.
AST SpaceMobile (ASTS) plans a private offering of $850 million in convertible senior unsecured notes due 2036 to institutional buyers. Initial purchasers will have a 13-day option to buy up to an additional $150 million of the notes, the company said Tuesday in a statement.
Sagicor Financial (SGCFF) on Tuesday said global credit-rating agency Fitch Ratings upgraded its Long-Term Issuer Default Rating to "BBB" from "BBB-" and its senior unsecured debt rating to "BBB-" from "BB+", while stating the outlook remains Stable.
US equity indexes ended mixed on Tuesday as the Dow Jones Industrial Average advanced on the back of strong quarterly results from old economy names, and gold futures saw reportedly the biggest intraday drop since 2013. The Dow climbed 0.5% to 46,924.74, the S&P 500 was unchanged at 6,735.35, and the Nasdaq Composite fell 0.2% to 22,953.666 at the close.
The Toronto Stock Exchange closed lower on Tuesday for the third time in four sessions as the pace of profit taking increases, the gold price eases and a September inflation report only muddied the water further for the Bank of Canada in terms of whether or not it should cut its benchmark interest rate again before the end of this month.
TORONTO, Ontario and NEW YORK, Oct. 21, 2025 -- Bitfarms Ltd. (BITF), a North American energy and digital infrastructure company, today announced that it has closed its offering of US$588 million aggregate principal amount of 1.375% convertible senior notes due 2031, which includes the exercise in full of the $88 million option granted to the initial purchasers of the Convertible Notes.
Chemung Financial Corporation (CHMG), the parent company of Chemung Canal Trust Company, today reported net income of $7.8 million, or $1.62 per share, for the third quarter of 2025, compared to a net loss of $6.5 million, or $1.35 per share, for the second quarter of 2025, and net income of $5.7 million, or $1.19 per share, for the third quarter of 2024.
Financial stocks were mixed in late Tuesday afternoon trading, with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund up 0.1%. The Philadelphia Housing Index climbed 1.9%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin rose 1.3% to $112,003, and the yield for 10-year US Treasuries shed 2.3 basis points to 3.96%. In economic news, the current US feder...
Yakym praised the successful effort to preserve the tax exemption throughout One Big Beautiful Bill negotiations and encouraged market advocates to keep lobbying lawmakers.
Financial stocks were mixed in late Tuesday afternoon trading with the NYSE Financial Index easing 0.1% and the Financial Select Sector SPDR Fund up 0.1%. The Philadelphia Housing Index climbed 1.9%, and the Real Estate Select Sector SPDR Fund shed 0.4%. Bitcoin rose 1.3% to $112,003, and the yield for 10-year US Treasuries shed 2.3 basis points to 3.96%. In economic news, the current US federa...
Demand may strengthen as "investors anticipate the Federal Reserve's likely path of rate cuts, which would drive yields even lower," said Tom Kozlik, managing director and head of public policy and municipal strategy at HilltopSecurities.
Financial stocks were mixed in Tuesday afternoon trading with the NYSE Financial Index little changed, erasing earlier gains, and the Financial Select Sector SPDR Fund adding 0.1%. The Philadelphia Housing Index advanced 1.9%, and the Real Estate Select Sector SPDR Fund eased 0.2%. Bitcoin rose 1.5% to $112,033, and the yield for 10-year US Treasuries shed 2.9 basis points to 3.96%. In economic...
Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index fractionally higher and the Financial Select Sector SPDR Fund adding 0.1%. The Philadelphia Housing Index was climbing 1.7%, and the Real Estate Select Sector SPDR Fund was easing 0.2%. Bitcoin was increasing 1.5% to $112,033, and the yield for 10-year US Treasuries was shedding 2.9 basis points to 3.96%...
Canada's inflation measures, released on Tuesday, were steady in September, said David Doyle, head of economics at Macquarie. Trim/median averaged +0.23% month over month and were boosted by food and energy prices. This effect is likely to reverse with October's data release, stated Doyle. Underlying measures are likely to moderate further ahead, predicted the economist.
Canada's consumer price index for September was 0.1% month-over-month non-seasonally adjusted and 2.4% year over year, noted Scotiabank. Canadian core inflation measures remain good enough for the Bank of Canada to cut next week when properly evaluated in terms of month-over-month trends and breadth.
The Toronto Stock Exchange has dropped 485 points at midday with miners and info tech, the worst performers. Gold is down 4.7%, while silver is 6.4% lower. Telecoms, up 0.3% and industrials, the sole gainers. Headline CPI inflation for September came in at 2.4% year-on-year, ahead of expectations for a 2.2% y/y print.
Not sure why this is even up for debate, but a few commentators have tried to assert in recent weeks. that the 15-year high in Canada's youth unemployment rate is purely a function of a soft economy, said Bank of Montreal.
A larger-than-expected acceleration in headline consumer price index makes the Bank of Canada's interest rate decision next week a little more complicated, but core measures of inflation are likely still subdued enough, and gross domestic product growth sluggish enough, to justify a further 25bps cut in interest rates, said CIBC.
Canadian headline consumer price index inflation for September came in at 2.4% year-on-year, ahead of expectations for a 2.2% year-over-year print, said TD after Tuesday's CPI data. September's reading was up from 1.9% year over year in August. Gasoline prices again provided a smaller drag to the headline, down 4.1% year over year from 12.7% lower in August.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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