FCAN News and Press, FIRST TR EXCH ALPH

First Trust Advisors L.P. (“FTA”) announced today that the reorganizations of First Trust Australia AlphaDEX ® Fund (NYSE Arca: FAUS), First Trust Canada AlphaDEX ® Fund (Nasdaq: FCAN), First Trust Hong Kong AlphaDEX ® Fund (Nasdaq: FHK), and Fir...

A retest of the March low in the .67 area (pink band below) is likely as recession and an equity bear market continue into 2021. There is no more monetary cavalry to rescue zombie borrowers and highly levered asset holders. Lower asset prices are essential in restoring attractive ...

Bank of Canada keeps key overnight rate on hold at 0.25%. BoC doesn't see economic recovery until mid-2022. The Bank pares back bond buying program, shifts purchases towards longer-term bonds. For further details see: BoC Holds Rates Steady, Sees Inflation Below Target T...

First Trust Advisors L.P. (“FTA”) announced today that, subject to the satisfaction of certain customary closing conditions, the reorganization of First Trust Australia AlphaDEX ® Fund (NYSE Arca: FAUS), First Trust Canada AlphaDEX ® Fund (Nasdaq: FCAN), ...

According to Realosophy's John Pasalis, there were nearly 12,000 condo apartments listed for lease on Toronto's MLS system compared to just 3,332 last year in September. Even before the pandemic hit, there was evidence that rental/lease income projections were overshooting actual rece...

A new study from the Business Development Bank of Canada finds that 76% of the small- and medium-sized Canadian businesses surveyed saw a decline in revenue and profits in 2020. Two-thirds of small business owners say they're in a worse situation now than before the pandemic. A bu...

Canadian jobs growth unexpectedly picks up in September. Employment increased in every province expect New Brunswick and PEI. Despite employment rising for 15 to 24 year-olds in September, this group remained well below February levels. For further details see: Canadian ...

Canada added 378K jobs in September, cruising way past economist estimates for just a 150K gain. The unemployment rate fell to 9% from 10.2%, with the labor force participation rate growing to 65% from 64.6%.The job gain brings employment to within 720K of its pre-pandemic level.The news is g...

Central bank mandates are to target inflation, not to bankrupt central governments because they do not approve of fiscal policies. Central banks always have had to maintain their balance sheet sizes, and there were a number of test cases of quantitative easing over the past decades. ...

Macro forces continue to have the upper hand amid the worst global recession since the 1930s. Over the last 13 years, the risk tolerance and time horizons of aging asset owners have come in significantly. The art of this is to stay defensive, calm and prepared to buy income yieldi...