TSX:BPO.PR.A - Post by User
Comment by
Carenaon Apr 15, 2024 7:23pm
308 Views
Post# 35990581
RE:2024
RE:2024Good evening,
Nice to see our BPO prefs holding up (so far) in this suddenly very choppy market. BN and its core subs still getting smacked around though.
The text below is from a Financial Post article today:
“An added wrinkle for the BoC is the stickiness in U.S. inflation,” Benjamin Reitzes, Canadian rates and macro strategist at BMO Capital Markets, said in a note. Though the Bank of Canada may want to cut rates, Reitzes said it might find itself backed into a corner if it gets too far ahead of the Fed because the currency differential would effectively import inflation."
I have not seen this sort of economic concern re: Canada in a long long time! Canada has a burgeoning problem?
If this becomes a problem, the 5 yr Gov't of Cda yields aren't coming down any time soon (are you listening rate-reset preferreds?Lol.)
Anyways, just throwing stuff out there. Interesting times!
Have a good night,
Carena