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The Desjardins Group (French: Mouvement Desjardins, pronounced [muvmɑ̃ deʒaʁdɛ̃]) is a Canadian financial service cooperative and the largest federation of credit unions (French: caisses populaires) in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Desjardins. [2]
Within Quebec there are 204 caisses that are formally federated with Desjardins as of September 2024. [8] In 2024, the Desjardins caisses serve nearly 5.2 million members from 425 locations, with $371.4 billion in assets. [9]
Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. [45]
Understanding the inverse relationship between bond prices and interest rates can be a little confusing for new investors. However, taking an in-depth look at the various characteristics of bonds ...
Bond interest rates and bond prices have an inverse relationship. If a newly issued bond’s interest rate exceeds the interest rate of an older bond of the same duration and type, then the market ...
The last five years have taken bond investors on a wild ride. In 2020, the Federal Reserve slashed interest rates near zero, to keep a panicking economy afloat. Fast-forward to 2022, when rates ...
The coupon rate (or nominal rate) on a fixed income security is the interest that the issuer agrees to pay to the security holder each year, expressed as a percentage of the security's principal amount . [1] [2] [3] The current yield is the ratio of the annual interest (coupon) payment and the bond's market price. [4] [5]
Interest rates and bond prices generally move in opposite directions. Thus, when interest rates go up, the price of fixed-rate bonds usually falls. Similarly, a fall in interest rates causes the ...