RE:Trading like utility "You can get right now with limited risks a 4%+ 2 year GIC. Soon it will be 5% +. Many institutions will increasingly choose to park their money in those instead of risking capital in stocks. Sure they will miss possible capital appreciation but in increasingly incertain equity markets that is what more and more investors will do. "
Bingo!
And if you or I wish to park cash at 3.25%+ today for a 1 year GIC term that can be renegotiated quarterly during this rising rate environment, your cash in a certain Credit Union on any amount is fully insured, unlike banks that only offer CDIC insurance up to a paltry $100,000.
No brainer that we'll see more money moving into GIC's instead of chasing divvy's and risking capital.
I am enjoying being down to small positions in the market until we see another screaming buying opportunity. Why take the risk for peanuts!