ECN Capital Corp T.ECN.DB.A

Primary Symbol: T.ECN Alternate Symbol(s): T.ECN.DB.B | T.ECN.PR.C | ECNCF | ECNNF | T.ECN.DB

Financial Services

ECN Capital Corp. is a Canada-based provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). The Company originates, manages and advises on credit assets on behalf of its Partners, specifically consumer (manufactured housing and recreational vehicle and marine) loans and commercial (inventory finance or floorplan) loans. The Company operates through two segments: Manufactured Housing Finance, and Recreational Vehicles and Marine Finance. It operates through three businesses: Triad Financial Services, which manufactures home loans; Source One Financial, which is engaged in nationwide marine and RV lending; and Intercoastal Finance Group, which is engaged in national marine and RV lending. It provides prime credit portfolio solutions: Secured consumer loan portfolios, which manufactures home loans, and Secured consumer loan portfolios, which provides marine and RV loans.

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ECN Capital Corp

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Post by retiredcfon Mar 09, 2023 6:43am

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Post# 35327508

Stockchase After the Close

And as we know, the highest trading volume since January 2022. GLTA

The Bank of Canada announced Wednesday that it will hold its lending rate at 4.5%. The TSX rose modestly on the news, finishing 0.35% higher. Tech and industrials led while financials were flat.

Making outsized movers were ECN Capital soaring 16.56% after announcing a strategic review, Pollard Banknote up 14.36% and Nuvei jumping 11.76% after topping estimates in its latest quarter. Elsewhere, Transcontinental closed -8.04% and Labrador Iron Ore -7.7%. Both WTI and WCS advanced more than $1 per barrel to $76.50 and $60.70 respectively.

Wall Street enjoyed modest gains, albeit mixed. The S&P added 0.14% to nearly reach 4,000, the Nasdaq 0.4%, and the Dow -0.18% to stay below 33,000. Once again, Tesla saw the greatest volumes, declining 3.04%. Other influential names were AMD up nearly 4%, Nvidia 3.83%, Lumen -2.89% and Regeneron -3.7%. The U.S. Fed’s Jerome Powell said that the bank has not decided on its next interest rate move. The U.S. 10-year yield held steady right below 4.% while Bitcoin also remained unchanged at $22,000.