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CBIL

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1m

Analysis and statistics

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About

CBIL.TO represents the CI First Asset Canadian Convertible Bond ETF, traded on the Toronto Stock Exchange. This exchange-traded fund invests primarily in a diversified portfolio of Canadian convertible bonds. Convertible bonds are fixed-income securities that can be converted into a predetermined amount of the issuer's equity, offering investors potential upside from equity appreciation while providing some downside protection through the bond's fixed income characteristics. The fund's objective is to provide unitholders with income and modest capital appreciation by investing in these Canadian convertible bonds.
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Factors

Interest Rate Expectations: Anticipated changes in the Bank of Canada's policy rate impact CBIL.TO. Higher expected rates usually decrease its price, and vice versa.

Supply and Demand: Basic market forces influence CBIL.TO's price. Increased demand pushes prices up, while higher supply lowers them.

Credit Risk Perception: Changes in investor confidence regarding the creditworthiness of the underlying Government of Canada Treasury Bills impact CBIL.TO's price.

Inflation Expectations: Rising inflation expectations might decrease CBIL.TO's price as investors seek higher yields elsewhere to compensate for inflation.

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