Deputy governor of the Bank of Canada Tiff Macklem is widely seen as the favourite for the top post.CHRISTINNE MUSCHI/Reuters
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Macklem has the edge
Analysts at JPMorgan Chase & Co. give Bank of Canada Senior Deputy Governor Tiff Macklem a 50 per cent-to 60-per cent chance of replacing Mark Carney as Governor in June. His promotion would be more certain were it not for the fact that the last two selections skipped over the top deputy, and that Finance Minister Jim Flaherty appears to prefer someone with deep financial market experience.
Bullish in the Big Easy
Deal makers will soon head to New Orleans for one of the biggest merger conferences of the year, and they're awfully optimistic about 2013.
Fink not alarmed over Cyprus
BlackRock Inc. CEO Larry Fink has reassuring words for investors. 2013 will see a resolution in Cyprus and a 20 per cent gain in U.S. equities.
Where's the European FDIC?
The U.S. hasn't suffered a bank run since the Great Depression, thanks to the Federal Deposit Insurance Corporation, explains Sheila Bair. Europe needs an FDIC, and they need it badly.
Bloomberg's Clive Crook adds that the political basis for enhanced financial cooperation simply doesn't exist – and that EU governments are deluding both themselves and the financial markets when they say it does.
American Hotel leads REIT IPOs
With yields as high as 5.5 per cent, REITs such as American Hotel Income Properties REIT are forecast to continue outperforming Canadian initial public offerings such as Hudson's Bay Co. and Ivanplats Ltd.
JPMorgan's management downgraded
The Office of the Comptroller of the Currency downgraded JPMorgan Chase & Co.'s management rating in July to level 3, meaning the board's abilities "may be insufficient" and "need improvement".
(Jody White is the Web Editor for Streetwise.)
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