Bell Canada has made a significant update to its securitization program, adding sustainability-linked pricing to the existing 2.3 billion Canadian dollars ($1.7 billion) initiative. This innovative approach will allow the company's financing cost to be adjusted based on its performance in meeting two crucial greenhouse gas targets. As part of this change, Bell Canada's … [Read more...] about Bell Canada Introduces Sustainability-Linked Pricing to Securitization Program
Forex News
Concerns Surrounding Electric Vehicle Sales in the U.S.
According to data provider Cox Automotive, sales of electric vehicles (EVs) in the United States continue to break records. However, there are some worrisome trends that investors and auto makers should take note of. Updated Forecasts Cox Automotive recently updated its forecasts for the U.S. automotive market. Initially estimated at 14.1 million units, sales of new cars are … [Read more...] about Concerns Surrounding Electric Vehicle Sales in the U.S.
U.S. Senate Committee Approves Bill to Open Financial System to Cannabis Companies
Cannabis stocks experienced a boost on Wednesday following the approval of the Secure and Fair Enforcement Regulation Banking Act by the U.S. Senate Committee on Banking, Housing, and Urban Affairs. The bill, now known as the SAFER Banking Act of 2023, aims to open up the financial system to legal cannabis companies. This momentous development marks a significant step forward … [Read more...] about U.S. Senate Committee Approves Bill to Open Financial System to Cannabis Companies
Normalization of Yield Curve Signals Positive Economic Outlook
The relationship between short and long-term bond yields is in the process of normalizing, signaling a positive outlook for the economy. This normalization has important implications for select groups of stocks. Understanding the Yield Curve The yield curve refers to the difference between short and long-term bond yields. Typically, longer-term yields are higher to account for … [Read more...] about Normalization of Yield Curve Signals Positive Economic Outlook
CarMax Reports Decline in Q2 Earnings
CarMax Inc.'s stock (KMX) experienced a 6.5% decline in premarket trade on Thursday following the release of its second-quarter earnings report. The Richmond, Va.-based used car retailer faced continued pressure within the sector, resulting in a decrease in net income compared to the same period last year. For the quarter ending on August 31, CarMax reported a net income of … [Read more...] about CarMax Reports Decline in Q2 Earnings
