ECN Capital Corp T.ECN

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

Financial Services

ECN Capital Corp. is a Canada-based company. The Company is a provider of business services to North American banks, credit unions, life insurance companies, pension funds and institutional investors (collectively, its Partners). It 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 (RV) and Marine Finance. Its business segment includes Triad Financial Services, Source One Financial, and Intercoastal Finance Group. The Triad Financial Services is a portfolio solutions platform focused on originating and managing longer duration secured consumer loan portfolios for active partner. The Source One Financial originates prime and super-prime loans to consumers to facilitate the purchase of recreational and marine vehicles.

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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.