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Canadian Banc Corp T.BK

Alternate Symbol(s):  CNDCF | T.BK.PR.A

The Companys investment objectives are (i) to provide holders of Preferred Shares with cumulative preferential floating rate monthly cash dividends at a rate per annum equal to the Prime Rate plus 0.75%, with a minimum annual rate of 5.0% and a maximum annual rate of 7.0% (ii) to provide holders of Class A Shares with regular floating rate monthly cash distributions targeted to be at a rate per annum equal to the Prime Rate plus 2.0%, with a minimum targeted annual rate of 5.0% and a maximum targeted annual rate of 10.0% and (iii) to return the original issue price to holders of both Preferred Shares and Class A Shares at the time of the redemption of such shares on December 1, 2012.


TSX:BK - Post by User

Canadian Banc Corp > Rate cuts soon may not be a given
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Comment by flamingogoldon Apr 08, 2024 2:14pm
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Post# 35977268

RE:Rate cuts soon may not be a given

RE:Rate cuts soon may not be a givenWhile rate "hikes" are certainly possible if inflation roars back, let's remember who this is coming from... Hurricane Jaime Dimon... the master of disaster quotes.

Dimon says he regrets using the word “hurricane” at all

Donwaan wrote: Persistent inflationary pressures driven by fiscal deficits and military conflict may lead to U.S. interest rates of 8% or even more, JPMorgan Chase & Co. CEO Jamie Dimon warned on Monday. https://www.marketwatch.com/story/interest-rates-could-hit-8-or-more-and-wars-are-creating-outsize-geopolitical-risks-jamie-dimon-warns-499def25?mod=home-page


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