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TORONTO 鈥?Canada main stock index posted its best performance in a month on relief from a stabilization of bond yields and further signs of a global economic recovery.The SP/TSX composite index closed up 239.36 points to 18,299.62.In New York, the Dow Jones industrial average gained 603.14 points to 31,535.51. The SP 500 index was up 90.67 points at 3,901.82, while the Nasdaq composite increased 396.48 points, or three per cent, at 13,588
stanley fr .83. ARTICLE CONTINUES BELOW The solid start to March followed weakness to end February amid rising bond yields over inflation concerns.The 10-year U.S. Treasury yield stabilized at 1.43 per cent after rates had crept up to a 52-week high of nearly 1.56 per cent. ARTICLE CONTINUES BELOW I think t
starbucks stanley cup he markets are finding again some comfort today in the fact that yields aren ;t just going to move straight higher perpetually, said Craig Fehr, investment strategist at Edward Jones.There was some concern among the equity markets that rising rates would potentially undercut the economic recovery and might be a signal that perhaps central banks were going to be doing a little bit less moving forward if indeed inflation was moving higher. ARTICLE CONTINUES BELOW
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TORONTO 鈥?Ontario financial regulator will provide a $500-million credit facility to help PACE Credit Union continue operations.The
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stanley cups of Ontario took control of the credit union when it was placed under administration in September 2018 by FSRA predecessor, the Deposit Insurance Corp. of Ontario.The regulator appointed David Finnie as PACEs chief executive late last year. ARTICLE CONTINUES BELOW FSRA says it providing the credit facility in an effort to give the credit union members confidence that PACE has more than adequate financial resources to continue operations without interruption. It says this will protect PACE depositors against unexpected adverse events. The regulator has also decided to reduce the capital requirements for the credit union to allow it to continue to operat
stanley cup e. ARTICLE CONTINUES BELOW To protect members, PACE must avoid taking deposits that are not insured and arrange for uninsured deposits to be repaid. It must also stop dividend payments and restrict investment share redemptions and employee bonuses.This report by The Canadian Press was first published April 13, 2021. ARTICLE CONTINUES BELOW By The Canadian Press
