In this section, we discuss the exchange rate, its impact on the Canadian economy, and the key determinants influencing currency values.
Comprehensive summary of economic fundamentals related to markets, GDP, business cycles, interest rates, inflation, and financial indicators. Important guidelines for understanding economic behavior in the Canadian context.
Overview of the role of fiscal and monetary policy in investment decisions, highlighting the responsibilities of the federal government and the Bank of Canada.
A comprehensive overview of the federal budget in Canada including government's revenue sources, budget positions, and the impact on national debt and capital markets.
Explore how fiscal policy influences the Canadian economy with insights into government spending, taxation, and key economic theories.
Understand the roles and functions of the Bank of Canada, including its main responsibilities such as monetary policy, financial system stability, currency issuance, and funds management.
A comprehensive guide on the Bank of Canada’s monetary policy framework, focusing on the key tools of interest rates and money supply, and how these are used to manage inflation, demand, and economic stability.
Detailed guide on how the Bank of Canada implements monetary policy using various tools such as the target overnight rate, open market operations, and drawdowns and redeposits.
Explore the critical challenges faced by governments when implementing fiscal and monetary policies and their far-reaching implications for the economy.
Comprehensive summary and insights on economic policies, fiscal and monetary strategies, and their impact on Canadian economy. Review vital concepts, challenges, frequently asked questions, and key takeaways for an effective understanding.
Discover the essentials of fixed-income securities, their significance in financial markets, and the critical terminologies involved.
Explore the rationale behind the issuance of fixed-income securities by corporations and governments, including financing operations, growth, and leveraging finances.
Learn about the intricacies of fixed-income securities, including risks, rewards, bond yields, pricing, and their relationship with interest rates. Understand the secondary market and factors affecting bond prices.
Learn how to calculate the fair price of a bond through present value calculations. This guide offers step-by-step instructions and formulas to determine the value of a bond's principal and coupon payments.
Learn how to calculate the yield on a Treasury Bill (T-bill) which trades at a discount and matures at par. This guide provides the formula, detailed explanations, and an example calculation.
Learn how to calculate the current yield on a bond using a simple formula, as well as understand its practical applications.
Learn how to calculate yield to maturity on bonds, understand its significance, and explore detailed procedures with examples and formulas.
Understand the components and determinants of the real rate of return, how it interacts with the nominal rate, and its implications for investors and businesses in the context of Canadian Securities Course certification.
Understand the significance of the yield curve in bond markets, including the key theories explaining its shape: expectations theory, liquidity preference theory, and market segmentation theory.
Understand the intricate relationship between bond prices and interest rates, including how bond yields are impacted and examples with calculations. Learn to master bond investment strategies in varying interest rate environments.
Explore the impact of bond maturity on price volatility, illustrating why longer-term bonds are more volatile than shorter-term bonds. Learn with examples and detailed tables.
Explore the nuances of how coupon rates affect bond price volatility with detailed explanations, FAQs, formulas, charts, and a comprehensive glossary of terms.
Understand the relative impact of yield changes on bond pricing. This section details how percentage changes in yield affect bond prices more significantly when rates are lower and explains the asymmetrical effects of yield increases and decreases.
Understand duration as a measure of bond price volatility, and how it can help investors make informed decisions. Delve into bond value changes, interest rate impacts, coupon rates, and time to maturity factors. Includes examples, table analyses, and further reading references.
Understand the sell side of fixed-income trading, including the roles of investment bankers, traders, and sales representatives. Learn about their responsibilities and how they contribute to the financial markets.
Explore the intricate process of buying bonds through an investment dealer, covering both large institutional and smaller firms, role of inter-dealer brokers, and essential techniques for efficient bond trading.
Learn the comprehensive mechanics of non-electronic securities trade, including trade tickets, clearing and settlement, calculating accrued interest, and understanding bond indexes as described in the Canadian Securities Course.
An introduction to equity securities with a focus on common shares, comparing their long-term performance against bonds and inflation.
Understanding the benefits and risks of common share ownership is crucial for investors seeking to maximize returns and minimize risks. This guide explores key aspects such as capital appreciation, voting privileges, and limited liability, alongside potential risks like market volatility and dividend uncertainty.
Understand the concept of capital appreciation in the context of common shares, and how it impacts investors' decisions.
Explore the essential details about dividends in equity securities, including dividend policy, payment methods, ex-dividend dates, dividend reinvestment plans, and stock dividends.
This guide explores the rights of shareholders in the context of voting privileges, focusing on various types of shares, including restricted shares, and their impact on shareholders' participation in corporate governance.
Learn how to read and interpret stock quotations for listed and unlisted stocks traded on stock exchanges and over-the-counter (OTC) market.
Learn about Straight Preferred Shares, their features, market behavior, and benefits for investors. Explore an example to understand yield dynamics.
An in-depth guide to understanding convertible preferred shares, their characteristics, benefits, and how they differ from straight preferred shares.
A comprehensive guide to understanding floating-rate preferred shares, including their market conditions, examples, characteristics, and implications for buyers.
Learn about the structure, benefits, and risks of foreign-pay preferred shares issued by Canadian companies, along with an illustrative example.
Comprehensive guide on Canadian Market Indexes including details on S&P/TSX Composite Index, S&P/TSX 60 Index, and S&P/TSX Venture Composite Index.
An in-depth overview of major U.S. stock market indexes, including the Dow Jones Industrial Average and the S&P 500. Detailed explanations of their composition, calculations, and their usage as market performance indicators.
An in-depth guide covering various significant U.S. stock market indexes including NYSE Composite, NYSE American, NASDAQ Composite Index, and Value Line Composite Index.
Explore the fundamental concepts of long and short positions in the stock market, including detailed examples and guidance for Canadian Securities Course exam preparation.
A comprehensive guide to understanding long margin accounts, including regulations, examples, risks, and frequently asked questions as per IIROC guidelines.
Comprehensive guide to short margin accounts including definitions, examples, and margin requirements. Learn about short selling, its risks, profit calculations, and industry practices.
Understanding the various risks associated with short selling, including borrowing shares, maintaining adequate margin, liability for dividends, buy-in requirements, volatile price action, and regulatory risk.
Detailed guide covering the trading procedures within the Canadian Securities Market, including the steps involved in retail securities transactions, and settlement procedures. Discover important concepts, detailed steps, and common scenarios in trading stocks, bonds, options, and other securities.
Comprehensive guide to different types of stock orders including market, limit, day, good-through, on-stop sell, on-stop buy, and professional types.
A comprehensive summary of the key concepts covered in chapter 9.6 of the Canadian Securities Course, focusing on equity transactions, client account types, margin positions, and types of buy and sell orders.
