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 > UK debt reaches 100% of GDP

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Comment by flamingogoldon Sep 22, 2024 7:41am

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Post# 36235206

RE:RE:RE:UK debt reaches 100% of GDP

Global debt is certainly a concern. I have no idea at all where this will be in a few years. But, in the near term I would argue that with rates coming down the weight of all that debt is certainly lifting.

BK is mostly Canadian banks, some US and nothing in the UK. If we want to talk about what will likely have the greatest effect on them then I would say the recent mortgage changes by the Liberal government is more relevent than news about UK debt levels. The Liberals just increased amortizations for first time buyers to 30 years beginning Dec 15 and the CMHC insurance level to 1.5 million. This will help re-light the stressed real estate market. Good for Canada. Good for banks.