RE:LCS unit nav to AUG 18 = approx: $15.62Today the general feeling among analysts is that as bond yields go up he attractiveness of ALL equity investments goes down, including financials and even teck stocks. One report, same in the US:
"
Aug 17 (Reuters) - Canada's main stock index fell on Thursday to a six-week low, including declines for financial and technology shares, as the recent move higher in bond yields made stocks less attractive to investors. The Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) ended down 86.84 points, or 0.4%, at 19,812.23, its lowest closing level since July 6.
"The continued upward pressure on bond yields" is weighing on equity markets globally, including the TSX, said Philip Petursson, chief investment strategist at IG Wealth Management.