Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Financial 15 Split Corp T.FTN

Alternate Symbol(s):  T.FTN.PR.A | FNNCF

Financial 15 Split Corp. is a mutual fund company. The Company’s investment objectives with respect to the preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in an amount fixed by the board of directors on an annual basis. Its investment objectives with respect to the Class A shares are to provide holders of Class A shares with regular monthly cash distributions, in an amount to be determined by the board of directors; and to permit such holders to participate in all growth in the net asset value of the Company above $10.00 per unit, by paying such holders, on or about the termination date, such amounts as remain in the Company on the termination date after paying the preferred share repayment amount to the holders of the preferred shares. It invests in a portfolio consisting of 15 financial services companies made up of Canadian and United States issuers. Its investment manager is Quadravest Capital Management Inc.


TSX:FTN - Post by User

Comment by mousermanon Apr 05, 2024 2:45pm
115 Views
Post# 35973532

RE:RE:RE:CAD falls vs USD as job numbers surprise

RE:RE:RE:CAD falls vs USD as job numbers surprise

Jobs grew at a brisk pace in March, but wage growth was contained, confirming a belief among economists that the U.S. can continue to expand employment without fanning inflation.

U.S. employers added a seasonally adjusted 303,000 jobs in March, the Labor Department reported Friday, significantly more than the 200,000 economists expected. The unemployment rate slipped to 3.8%, versus February’s 3.9%, in line with expectations.

Average hourly earnings rose 4.1% from a year ago, the smallest gain since June 2021. 

Investors have been on edge recently over economic data suggesting that Federal Reserve interest-rate cuts might not be imminent. The strength of Friday’s report feeds into those concerns—though that is less because it stirs worries of inflation, and more because it leaves the central bank comfortable with its wait-and-see stance on interest rates.

All three U.S. stock indexes were up Friday after a lackluster week, with investors choosing to focus on the strength of the economy rather than what the report might mean for the Fed. 

For most of 2022, senior Fed officials saw strong economic activity and hiring as a headwind to bringing down inflation. They worried that tighter labor markets would keep pressure on wages and, in turn, prevent inflation from falling all the way back to the Fed’s 2% goal in a reasonable amount of time. Investors tended to view good jobs news as bad for the market. 

<< Previous
Bullboard Posts
Next >>