Post by
mouserman on Feb 18, 2022 11:53am
LFE unit nav continues to sag
SO realtime my spareadsheet has LFE @ $15.09... as IAG taakes a beating today so far..
all 4 of the big CDN lifecos are down at this point.
Buyers continue to chase the big yield here, which may be good, but also could result in a loss if LFE unit NAV drops below 15$ here in klate February.
CDN $ taking a beating as some have moved their money out of Canadian banks to somewhere safer... as Trudeaus new interpretation of our constitution seems to allow for govt intervention in banks accounts by freezing accounts of those who want their freedoms returned.
His namecalling seems to be over the top, calling these folks gathered in Ottawa ( and those who support them across the country, terrorist, mysogynists, racists, antivaxxers and white supremecists.
Overall i DONOT see anything positive in that for canadian banks and lifecos.
Comment by
EdPaquette on Feb 18, 2022 12:28pm
I'm no fan of trudeau, but we can't let 2000 people protesting shut down freedom of travel and commerce for the other 38 million. Protests should only involve people on foot or if they need a wheelchair. Not cars and trucks. Felt the same way about idle no more or any other protest with vehicles.
Comment by
satchmo6 on Feb 18, 2022 6:52pm
trying to be like P>E>T> or PET-------To deal with this situation, Trudeau invoked the War Measures Act, giving the government overarching power to arrest without trial.