Oil, gold only bright spots as political concern dominates... Ultra-long bonds could return government says... BMO funds launched to help Canadians diversify internationally...
Oil, gold only bright spots as political concern dominates
Concern grew Thursday that the White House may continue to struggle with policies. Meanwhile, regional matters also affected sentiment of world markets.
Canadian investors weighed happenings in Washington, including the early stages of the NAFTA talks; and watched all but one sector group slide into negative territory.
Oil prices gained on falling US stockpiles and gold was given a hike by the US political turmoil. But while energy managed a flat finish, the materials sector closed lower as some other metals lost their lustre.
Nine of the TSX main index’s sector groups closed lower with materials the worst performer. Healthcare did better in this session as Valeant gained 1.4% on news that it has improved some manufacturing issues.
Wall Street closed lower with all three main indexes off by more than 1%, the Nasdaq was almost 2% lower. European and some Asian markets also closed lower.
The S&P/TSX Composite Index closed down 48.57 (0.32%)
The Dow Jones closed down 274.1 (1.24%)
Oil is trending higher (Brent $50.88, WTI $47.00 at 4.45pm)
Gold is trending higher (1293.60 at 4.45pm)
The loonie is valued at U$0.7893
Ultra-long bonds could return government says
The Canadian government is considering issuing ultra-long bonds, the Department of Finance said Thursday.
The reopening of the 2.75% December 1, 2064 ultra-long bond, using a modified auction process, is being considered subject to market conditions. It was a commitment of the Budget 2017 to reallocate short-term issuance towards long-term bonds in order to lock in low funding costs and reduce refinancing risk.
The issuance is subject to certain criteria which include expectation that there is demand for the bonds.
BMO funds launched to help Canadians diversify internationally
Two new funds have been announced by BMO Investments Inc. to help Canadian investors diversify their portfolios and reduce exposure to the home market by investing internationally.
“Many Canadian investors have a large portion of their portfolio invested in their home market, yet Canada represents only four per cent of global equity markets," said Kevin Gopaul, Head of BMO Global Asset Management Canada. "BMO International Equity Fund and BMO Japan Fund help build better portfolios by adding exposure to international markets that have different return drivers than Canadian markets."
Concern grew Thursday that the White House may continue to struggle with policies. Meanwhile, regional matters also affected sentiment of world markets.
Canadian investors weighed happenings in Washington, including the early stages of the NAFTA talks; and watched all but one sector group slide into negative territory.
Oil prices gained on falling US stockpiles and gold was given a hike by the US political turmoil. But while energy managed a flat finish, the materials sector closed lower as some other metals lost their lustre.
Nine of the TSX main index’s sector groups closed lower with materials the worst performer. Healthcare did better in this session as Valeant gained 1.4% on news that it has improved some manufacturing issues.
Wall Street closed lower with all three main indexes off by more than 1%, the Nasdaq was almost 2% lower. European and some Asian markets also closed lower.
The S&P/TSX Composite Index closed down 48.57 (0.32%)
The Dow Jones closed down 274.1 (1.24%)
Oil is trending higher (Brent $50.88, WTI $47.00 at 4.45pm)
Gold is trending higher (1293.60 at 4.45pm)
The loonie is valued at U$0.7893
Ultra-long bonds could return government says
The Canadian government is considering issuing ultra-long bonds, the Department of Finance said Thursday.
The reopening of the 2.75% December 1, 2064 ultra-long bond, using a modified auction process, is being considered subject to market conditions. It was a commitment of the Budget 2017 to reallocate short-term issuance towards long-term bonds in order to lock in low funding costs and reduce refinancing risk.
The issuance is subject to certain criteria which include expectation that there is demand for the bonds.
BMO funds launched to help Canadians diversify internationally
Two new funds have been announced by BMO Investments Inc. to help Canadian investors diversify their portfolios and reduce exposure to the home market by investing internationally.
“Many Canadian investors have a large portion of their portfolio invested in their home market, yet Canada represents only four per cent of global equity markets," said Kevin Gopaul, Head of BMO Global Asset Management Canada. "BMO International Equity Fund and BMO Japan Fund help build better portfolios by adding exposure to international markets that have different return drivers than Canadian markets."
