On Friday, Royal Bank of Canada (NYSE:RY)’s shares declined -1.30% to $57.05.
Royal Bank of Canada (RY) notes that affordability for single-detached homes and condos in Manitoba evolved in opposite directions during the first quarter.
RBC says that current housing affordability conditions in the province likely do not pose unusual challenges for home buyers as affordability measures remain remarkably close to long-term averages.
The RBC Housing Affordability measures, which capture the province’s proportion of pre-tax household income needed to service the costs of owning a home at market values, were mixed in the first quarter of 2015 (a decrease in the measure represents an improvement in affordability). RBC’s measures for both bungalows and two-storey homes rose by 0.3 percentage points to 35.6 per cent and 36.9 per cent, respectively. The measure for condos fell noticeably by 1.1 percentage points to 22.2 per cent.
During Q1 2015, affordability measures at the national level edged lower by 0.3 percentage points to 27.1 per cent for condominiums and 0.2 percentage points to 47.9 per cent for two-storey homes. The measure for detached bungalows was unchanged at 42.7 per cent.
RBC’s housing affordability measure for the benchmark detached bungalow in Canada’s largest cities in Q1 2015 is as follows: Vancouver 85.6 (up 2.8 percentage points from Q4 2014); Toronto 57.3 (up 0.6 percentage points); Montreal 37.2 (down 0.2 percentage points); Ottawa 35.4 (down 0.6 percentage points); Calgary 32.8 (down 1.0 percentage points); Edmonton 32.8 (down 0.8 percentage points).
Royal Bank of Canada, together with its auxiliaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Administration, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses, in addition to cards and payment solutions business.
Gannett Co., Inc. Common Stock When Issued(NYSE:GCI)’s shares gained 4.52% to $13.64.
Gannett Co., Inc. (GCI) will webcast a discussion of its second quarter 2015 operating results on Wednesday July 29, 2015 at 10:00 a.m. (ET). Gannett Chief Executive Officer Robert J. Dickey and Chief Financial Officer Alison K. Engel will discuss second quarter results. A news release detailing the results will be issued before the market opens on Wednesday July 29, 2015.
Gannett Co., Inc. operates as a multi-platform news and information company. Its operations comprise 100 daily publications and related digital platforms in the United States and the United Kingdom; and about 400 non-daily local publications in the United States and about 125 such titles in the United Kingdom.
At the end of Friday’s trade, Allegheny Technologies Incorporated (NYSE:ATI)‘s shares dipped -1.29% to $21.39.
Allegheny Technologies Incorporated (ATI) declared that it is expanding its nickel-based superalloy powder capabilities to satisfy strong demand from the aerospace jet engine market and growing demand from the additive manufacturing industry, particularly for 3D printed parts used in the aerospace, medical, electrical energy, and oil and gas markets. The self-funded expansion, which is projected to cost about $70 million and take two years to complete, will be located at the ATI Specialty Materials business unit’s operations near Monroe, NC.
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products. The High Performance Materials and Components segment provides various high performance materials, counting titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts.
Cabelas Inc (NYSE:CAB), ended its Friday’s trading session with -0.09% loss, and closed at $45.73.
Cabela’s Incorporated (CAB) declared that Cabela’s Credit Card Master Note Trust successfully accomplished the sale of $400 million of Asset-Backed Notes, Series 2015-II. The securitization transaction comprised of the issuance of $240 million of Class A-1 Notes, which accrue interest at a fixed rate of 2.25% per year, and $100 million of Class A-2 Notes, which accrue interest at a floating rate equal to one-month LIBOR plus 0.67% per year. The securitization transaction also comprised of the issuance of three subordinated classes of notes in the aggregate principal amount of $60 million. World’s Foremost Bank, Cabela’s wholly owned partner, purchased each of the subordinated classes of notes. Each class of notes issued in the securitization transaction has an predictable life of about five years, with a legal maturity of about eight years. This securitization transaction will assist finance the growth of World’s Foremost Bank’s credit card portfolio.
Cabela’s Incorporated, together with its auxiliaries, operates as a specialty retailer and direct marketer of hunting, fishing, camping, and related outdoor merchandise. The company operates through three segments: Retail, Direct, and Financial Services. The Retail segment sells products and services through its retail stores. The Direct segment sells products through its e-commerce Websites, such as Cabelas.com and Cabelas.ca, in addition to direct mail catalogs.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
