TSX:AX.PR.E - Post by User
Comment by
ChupacabraBuenoon Jun 19, 2015 12:23pm
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Post# 23849033
RE:No increase in interest rates
RE:No increase in interest ratesbigbear4511 wrote:
Stock has gone nuts since the fed statement. Decided for some reason to buy in two days ago. Glad I did. Why this stock is somewhat tied to the US Fed is beyond me. Our interest rates are still super low and don't look to go anywhere until oil is at least over $80.
While the US Fed doesn't set our rates directly, Canadian rates tend to move somewhat synchronously with them over time. US Fed statements definitely move the SP on AX.un & a lot of other REITs. As the US would seem to be proceeding slowly & gradually with their rate hikes AX.un should be a great buy for you IMHO.