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.

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Canadian Banc Corp > Recession? What recession?

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Post by flamingogoldon Sep 19, 2024 9:18am

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Post# 36230706

Recession? What recession?

Anyone who sat on the sidelines waiting for the hard landing missed out on the most historical soft landing ever.

New market highs will be printed today. Banks will be romping a lot higher on these rate cuts as the weight of debt on businesses and consumers gets lifted with more to come. The FED is expected to cut another 1/2 pt before the end of the year while the BoC will likely cut 1/2 on Oct 23.

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