S&P Global Ratings on Monday revised its outlook on freight railroad services provider Canadian Pacific Kansas City (CP) to positive from stable, citing company's "resilient operating performance and integration of KCS". The agency also affirmed all its ratings on CPKC and related subsidiaries, including its 'BBB+' issuer credit rating on the company.
Next year, the "muni market could see stable to improving returns depending on yield curve positioning, with better performance possible at the long end of the curve," said Jonathan Rocafort, managing director and head of fixed income solutions at Parametric.
Financial stocks were advancing in late Monday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF adding 0.1%. The Philadelphia Housing Index added 0.1%, and the State Street Real Estate Select Sector SPDR ETF was up 0.3%. Bitcoin was falling 3.1% to $85,880, and the yield for 10-year US Treasuries decreased 1.4 basis points to...
US nonfarm payrolls are expected to rise by 50,000 in November after a 119,000-jobs gain in September, the most recent month that data was available for, based on a survey compiled by Bloomberg. The November employment report is due to be released at 8:30 am ET Tuesday and will include October establishment survey data, but not household survey data for October that was not able to be calculated.
Fed Governor Stephen Miran said that shelter prices remain elevated due to supply/demand imbalances from two to four years ago and the FOMC should be focused on the outlook for inflation, not fixing issues in the past.
The Canadian inflation print in November was generally more moderate than consensus expectations, with the overall consumer price index posting annual growth of 2.2%, while the median consensus among economists was 2.3%, said National Bank of Canada.
Federal Reserve Governor Stephen Miran said Monday that core inflation is likely closer to the US central bank's 2% target than what official data suggest. The President Donald Trump ally was one of the three Federal Open Market Committee members who dissented from the majority in last week's move to cut interest rates by 25 basis points.
Canadian core inflation gauges for November came in softly, even as the headline consumer price index roughly matched expectations, said Scotiabank. Canada's November CPI was 0.1% month over month and 2.2% year over year based on data released on Monday.
National Bank of Canada said it sees likely changes in policy rates at the Federal Reserve and Bank of Canada. For nearly the past decade, the two central banks have moved directionally in tandem, but that's due to change in 2026, noted National Bank. The bank sees the Fed continuing to ease early in the year, while the BoC will remain on hold before starting to increase policy in the fall.
Three Siebert Williams Shank & Co. clients have been honored with the Bond Buyer?s 2025 Deal of the Year designation, a prestigious annual honor recognizing outstanding achievements in municipal finance across the country.
The creation of state-owned banks would be uniquely impactful to help states and municipalities meet today's unprecedented short- and long-term challenges.
Canadian consumer prices rose 0.1% month over month in November, or 0.2% in seasonally adjusted terms, a bit lower than expected and mild enough to hold the annual inflation rate steady at 2.2%, said Bank of Montreal.
NEW YORK, NY / ACCESS Newswire / December 15, 2025 / For more than a century, the global financial system has rested on an unchallenged assumption. That blind spot has persisted because the system was built on trust, paperwork, and inertia. That era is ending, and it will not end quietly.
Canadian existing home sales declined 0.6% month over month in November, partially reversing October's 1% month-over-month gain, said TD after Monday's data from the Canadian Real Estate Association. Ontario and Quebec, drove the national decline, noted the bank.
CIBC expects headline inflation will see some volatility in the months ahead, thanks to base effects from last year's GST/HST holiday, but it also expects core measures excluding tax changes to continue easing following the release of "generally softer measures of core inflation" Monday.
Canadian headline consumer price index inflation for November came in at 2.2% year over year, matching October's pace and broadly in line with expectations, said TD after Monday's data. However, inflation at the grocery store heated up in November, with prices up 4.7% year over year, up from 3.4% in October and the fastest pace of increase in nearly two years.
Final Repayment of Unsecured Convertible Bonds & upcoming webinar LONDON, UK / ACCESS Newswire / December 15, 2025 / The Board of Pantheon Resources plc (PTHRF), the oil and gas company developing the Kodiak and Ahpun oil fields immediately adjacent to pipeline and transportation infrastructure on Alaska's North Slope, announces that it has elected to pay the final quarterly principal repayment of US$2...
Canadian headline prices rose 0.1% month over month in November, matching expectations, said Desjardins after Monday's consumer price index data. That left the annual rate of inflation tracking 2.2% for the second month in a row. The average three-month annualized rate of the Bank of Canada's trimmed mean and median measures fell to 2.3% from 2.6%, respectively.
Xcel Energy Inc. (XEL) announced today the commencement of three separate offers to purchase for cash up to $345,000,000 aggregate principal amount of three series of first mortgage bonds issued by Northern States Power Company, a Minnesota corporation and a wholly owned subsidiary of Xcel Energy.
Multiple municipal bond offerings this week have a high exposure to climate risk, specifically high Flood and Wildfire Scores, according to ICE Climate Data. A $5 million offering from Augusta Independent School District, Ky., records a Flood Score of 4.3 out of 5.0, ICE reports.
US equity futures were higher ahead of Monday's opening bell, with traders gearing up for a busy week of economic data releases. Dow Jones Industrial Average futures rose 0.5%, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.6% higher. Key economic reports due this week include nonfarm payrolls, housing starts and permits, retail sales, and the consumer price index.
The Canadian consumer price index rose 2.2% on a year-over-year basis in November, matching the increase in October, said the country's statistical agency on Monday. November's CPI was slightly lower than the 2.3% year-over-year consensus figure provided by Scotiabank.
The total monthly seasonally adjusted annual rate of housing starts for all areas in Canada was up 9.4% in November to 254,058 units compared with October, said Canada Mortgage and Housing Corporation. November's increase was higher than the 250,000 consensus figure provided by Scotiabank. The six-month trend in housing starts decreased 1.7% in November to 264,445 units, according to CMHC.
US equity futures were higher pre-bell Monday, with traders gearing up for a busy week of economic data releases. Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.5%, and Nasdaq futures were 0.6% higher. Key economic reports due this week include nonfarm payrolls, housing starts and permits, retail sales, and the consumer price index.
Prospera Energy (GXRFF) over the weekend said it raised $3.6 million after closing its previously announced convertible debt offering. The company said proceeds were allocated "exclusively" toward strengthening working capital, well reactivations, and production optimization.
"The steps that would be necessary to restore a sound fiscal profile are becoming increasingly drastic," the rating agency said in downgrading Jersey City.
Canada will release one of two consumer price index readings ahead of the next Bank of Canada meeting on Jan. 28 on Monday at 8:30 a.m. ET, Bank of Montreal said. While the data could move markets, Scotiabank said it does not expect any major policy implications, with the BoC signaling a prolonged pause and a more forward-looking stance.
Canadian existing home sales fell 0.6% month over month in November, or 10.7% year over year, and remain little changed since the summer, said Bank of Montreal after Monday's release of the Canadian Real Estate Association data. New listings declined 1.6%, raising the sales-to-new listings rate to 52.7%, indicating generally balanced market conditions, noted the bank.
Overall, last week's events confirm that Canada's economy is holding up well despite global uncertainties, said TD. This was echoed in the Bank of Canada's interest rate announcement on Wednesday, which brought tidings of comfort, if not exactly joy, noted TD. Inflation also remains a key focus for the BoC.
Canada will release consumer price index data for November at 8:30 a.m. ET on Monday, said RBC. Canada's inflation is expected to have held steady in November, with growth in the headline CPI remaining at 2.2% year over year, unchanged from October after slowing from 2.4% in September, noted the bank.
European bourses tracked moderately higher midday Monday as traders weighed Wall Street cues and awaited European Central Bank and Bank of England policy decisions slated for Thursday. Property, bank, food and oil stocks led broad gains on continental trading floors.
The yen strengthened overnight Sunday ahead of this week's Bank of Japan policy meeting on Friday, said MUFG. USD/JPY has fallen back toward support at the 155.00 level, wrote the bank in a note to clients. The survey revealed that business sentiment in Japan remained resilient in the face of trade disruption.
US equity investors will focus on labor market and inflation data while tuning in to the Federal Reserve speeches and keeping an eye on key corporate results this week, implying no dearth of stimulus as the year slowly comes to a close. * Key quarterly earnings reports due include Micron Technology (MU), Accenture (ACN), Nike (NKE), FedEx (FDX), Paychex (PAYX), Carnival, and Lennar.
As the week ends, it?s time to catch up on the top stories that shaped the week. Michael Burry, the investor who famously predicted the 2008 housing collapse, has raised a red flag about the U.S. banking system. Read the full article?here. President Donald Trump?s persistent use of tariffs as a tool to address America?s trade deficit finally paid off in September.
Financial stocks were mixed in late Friday afternoon trading, with the NYSE Financial Index shedding 0.3% and the State Street Financial Select Sector SPDR ETF rising 0.1%. The Philadelphia Housing Index was shedding 0.5%, and the State Street Real Estate Select Sector SPDR ETF was easing 0.1%. Bitcoin was falling 2.6% to $90,118, and the yield for 10-year US Treasuries rose 5 basis points to 4...
The Trump administration officially rolled out an Executive Order laying out federal policy on Artificial Intelligence which cements fears from states worried about the loss of broadband funding tied to the Bipartisan Infrastructure Law.
Chicago Fed President Austan Goolsbee and his Kansas City counterpart, Jeffrey Schmid, said Friday that they dissented from a majority on the Federal Open Market Committee this week due to inflation risks. Goolsbee and Schmid voted in favor of leaving interest rates steady earlier this week, when the FOMC eased its monetary policy for the third straight meeting.
Global X Management Company launched the Global X Gold Miners ETF (AUAU) on Wednesday, offering an additional investment choice within gold and silver mining stocks as gold prices soar. The news comes at a time when gold prices have been trending near historical highs due to geopolitical tensions, uncertain global economic forecasts, and shifts in central bank policy.
Chicago Fed President Austan Goolsbee said that he dissented at the December meeting in favor of no rate change because he was uncomfortable front loading too many rate cuts and urged patience to assure that inflation is back on a path to 2%. Goolsbee said that the unemployment rate has been fairly stable and that there is low risk that the job market will fall apart overnight, while at the sam...
US benchmark equity indexes were lower intraday as the technology sector tumbled amid a post-earnings selloff in Broadcom (AVGO), while markets parsed remarks by Federal Reserve officials.
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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