Canadian Securities Course CSC PART 1 Exam Preparation

Understand monetary policy tools like money supply management and the bank rate to influence inflation toward 1–3% CPI and GDP, guide savings, fiscal policy through taxes and covid-related spending.

Discover how the Bank of Canada keeps the overnight rate within a 50 basis point band, using open market operations to buy or sell securities and adjust money supply.

Explore cash management operations that influence the target interest rate by adjusting the money supply through drawdown and redeposit with the large value transfer system and the Canadian Payments Association.

Learn how bonds pay coupon income in fixed, floating, step-up, and zero-coupon forms, and how pricing, yields, maturity, denomination, and convertible features affect value.

Explore how fixed income securities generate income through semiannual interest and capital gains, and compare prices, yields, and maturities under changing market rates. Consider par, premium, and discount in pricing.

Explore bond pricing principles, including how bond prices move opposite to yields, how longer maturities and lower coupons increase price volatility, and how higher coupons damp price movement.

Explore how common shares offer potential capital appreciation, dividend rights, voting privileges, limited liability, marketability, and favorable tax treatment for dividends and capital gains.

Examine restricted shares and related voting rights, including non-voting and subordinate voting, and learn how stock splits and consolidations affect price, shares, and value.

Examine long and short stock strategies, including cash buying, buying on margin, and short selling on margin, along with order types. Demonstrate how margin can boost returns, while increasing risk.

Explore the long margin strategy in a margin account, showing initial 50 percent loan, price declines triggering a 40 percent loan, and margin calls to cover shortfalls.

Explore derivatives linked to underlying assets, including options (calls and puts), forwards, and futures, and how investors hedge or speculate on price movements.

Explore how derivatives reduce risk through hedging and insurance-like protection, and how call and put options enable holders to buy or sell at fixed prices.

Learn how call and put options work, including exchange issuance, exercising and offsetting, premium use, and intrinsic and time value, plus in-the-money and out-of-the-money concepts.

Learn to write calls and puts, comparing covered, cash-secured, and naked strategies, including obligation to buy or sell at the strike price and the risks involved.

Explore rights and warrants as equity derivatives, including subscription and discount prices, expiration, intrinsic value calculations, and a practical rights trading example.

Learn how corporate financial statements report a company's health, profitability, ongoing concern status, and future prospects, guiding security selection by analyzing industry trends and economic context.

Examine miscellaneous assets including universal life investments, then apply amortization and depreciation methods—straight-line and declining balance—through fixed assets like machinery, tracking carrying amounts.

The lecture explains liabilities, including current and long-term debts, taxes, and payables, and outlines shareholder equity components like share capital and retained earnings.

Explore the comprehensive income statement, tracing revenue, costs, operating and non-operating items, taxes, and net income available to common shareholders, via an ABC year-end example.

Match ownership to reporting: less than 20 percent uses cost method, 20–50 percent uses equity, over 50 percent uses consolidation. Includes dividends, equity income, minority interest, and non-cash impacts.

Explore earnings statement components, extraordinary items, and the changes in equity, then analyze cash flow from operating, investing, and financing to assess a company’s liquidity and retained earnings.

Study a sample consolidated balance sheet for a retail store at year-end, detailing assets, equity, and liabilities including property, plant and equipment, inventories, and long-term and current debts.

Explore the consultative statement of comprehensive income at year end, changes in equity, and cash flows to see how revenue, costs, other income, and dividends affect a company's financial position.

Learn how financing and underwriting raise debt or equity through IPOs and government issues, brought to market via competitive tenders, noncompetitive bids, and fiscal agents.