Post by
AnEducator on Dec 05, 2023 4:23pm
NAV December 5
~$14.01. Discount on captital shares: ~$0.65.
Increased dividend announcements have given investors confidence to get back into the Canadian banks. Looming on the horizon, however, are mortgage interest renewals and none of us knows all the resulting ramifications, partly because the path of interest rates is unclear.
The increased dividend payments for preferred shareholders begin with the next payment and this will adversely impact the NAV going forward. The markets have had a gargantuan run off the lows so they are no longer as attractive.
The BOC announces their interest rate decision tomorrow. As always, the commentary will determine how Canadian markets react.
Comment by
Holdrrrr on Dec 05, 2023 11:14pm
Hey thanks for the update
Comment by
mouserman on Dec 06, 2023 5:51pm
Yes big thanks to AnEducator for taking over a bunch of these spreadsheets, and he is doing a great job. Sometimes there is some guesswork involved, but he has that down to a fine art.