RE:RE:Only Sector Safe to Invest in CanadaFor your info:
This would be music to the ears of JPMorgan Chase (NYSE:JPM) and other banks, which make more money when interest rates are high than when they're low.
To understand why, it's helpful to think about a bank as a retail store. But instead of selling clothes or books, a bank sells money. It does so by making loans, the price of which is reflected in the interest rate. As the price of money increases, a bank's revenue follows suit.