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

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Post by flamingogoldon Nov 13, 2024 10:47am

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Post# 36310230

Soft landing has arrived

Very rare but it is happening. However, Trump tariffs could blow a tire off the landing gear. Expect some turbulence ahead once he takes over, especially if he tries to remove Powell.

"No surprises from the CPI, so for now the Fed should be on course to cut rates again in December."

https://www.cnbc.com/2024/11/13/cpi-inflation-october-2024.html

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