Stocks & Equities

The Top 10 DividendRank’ed CDN Stocks

Posted by Canada Stock Channel Staff

on Wednesday, 18 September 2013 19:56

…..now that the Federal Reserve says its SafeServletChartsLive

 

(1) Canadian Imperial Bank of Commerce (TSE:CM.CA) — 4.7% YIELD

Canadian Imperial Bank of Commerce is a financial institution. Co. has 2 business units: CIBC Retail Markets and Wholesale Banking. CIBC Retail Markets provides financial products, services, and advice individual and business banking clients in Canada and the Caribbean, and investment management services to retail and institutional clients in Hong Kong, Singapore and the Caribbean. Wholesale Banking provides credit, capital markets, investment banking, merchant banking, research products and services to government, institutional, corporate and retail clients in Canada. Wholesale Banking also conducts treasury execution activities. As of Oct 31 2010, Co. had total assets of C$352,040,000,000.

CM.CA — KEY STATS (UPDATED 4 HOURS, 33 MINUTES AGO)

Name:  Canadian Imperial Bank of Commerce
Website:  www.cibc.com
Sector:  Banking & Savings
Number of ETFs Holding CM.CA:  9 (see which ones)
Total Market Value Held by ETFs:  $7,149,844
Total Market Capitalization:  $31,665,000,000
% of Market Cap. Held by ETFs:  0.02%

 

….go to Dividend Payer # 2 HERE

FOMC participants now expect GDP to come in between 2% and 2.3% this year, down from 2.3% to 2.6% last time, and the unemployment rate to come in at 7.1% to 7.3%, down one-tenth of a percent on both ends of the range.  Three Fed officials expect the first rate hike to come in 2014, 12 expect it in 2015, and two in 2016.  The central forecast for the 2016 rate path is around 1.75% to 2%.

Pretty Pictures: Gold Explodes Stocks Zoom Rates Collapse & Dollar Tanks

Posted by Charles Gunning

on Wednesday, 18 September 2013 18:58

The Federal Reserve’s FOMC statement is out, and it’s a shocker!

The Fed is NOT TAPERING its massive $85 billion large-scale asset purchase program.

Almost no one expected this.

The Dow went from -40 to +63 in the blink of an eye. 

The S&P 500 got as high as 1,718, which is an all-time intraday high. With general expectations focused on a Fed taper of $5-$15 billion, traders raced into stocks in the aftermath of the decision.  

The U.S. dollar tanked, and gold spiked, bonds zoomed driving interest rates down. 

The Fed also issued its economic projections.  FOMC participants now expect GDP to come in between 2% and 2.3% this year, down from 2.3% to 2.6% last time, and the unemployment rate to come in at 7.1% to 7.3%, down one-tenth of a percent on both ends of the range.  Three Fed officials expect the first rate hike to come in 2014, 12 expect it in 2015, and two in 2016.  The central forecast for the 2016 rate path is around 1.75% to 2%.

P.M. Kitco Roundup: Gold Shoots Higher As FOMC Does Not Announce “Tapering”- HERE

Here’s the market action as of 11:55 Pacific Time:

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Dollar Declines Gold Spikes After Fed announcement

Posted by Charles Gunning

on Wednesday, 18 September 2013 18:42

Gold Spikes Post Fed

The dollar declined to almost a three-month low as the Federal Reserve announced it will refrain from reducing its $85 billion in monthly bond purchases and keep pumping money into the U.S. economy in an attempt to boost growth.

Spot gold last rose 3 percent to $1,347 an ounce after earlier being flat. It touched its lowest since Aug. 8 at $1,291.34 earlier.U.S. gold futures for December delivery edged higher jumped 1.9 percent near $1,334 an ounce.

The Standard & Poor’s 500 Index climbed to a record high after the Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs to see more evidence of improvement in the economy.

The S&P 500 (SPX) jumped 0.6 percent to 1,714.18 at 2:04 p.m. in New York, erasing an earlier decline of as much as 0.3 percent. The benchmark index climbed above its all-time high of 1,709.67 reached on Aug. 2.

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