Update from strategic meetings with my neighbour Alan while having a few beers. So far everything as we predicted. Interest rates cut not coming will come in the fall prior to US elections. Our bet is no more than 0.5 % for this year. Construction very slow a lot of framers and contractors home do to high interest rates. Source, contractors from my street. Also a lot of people who bought into condominium real estate are walking away from the deals and as a result no much of new development is being started. What is in GTA building is mainly Chow,Chow 's "aforabl unis " financed by broke taxpayers. Mattamy builder not willing to overpay for land for new development, from our reliable source. Trudeaudick is trying to increase capital gains in last budget. Horrible.
Based on these facts speculatve investments in real estate and lands are frozen for a while. That means the most of the money will go only into equities. Remember there is ONLY ONE PILE OF MONEY. not three. So yes we are good since a lot of fresh money will feed the equity goose , maybe it would be good bet to buy whole S&P index. When interest rates drop dividend stocks will start to shine again as banks start " stealing " the money by dropping GICs . My portfolio over all up while collecting dividends. My biggest holding as of now BIP.UN up for last few days due to reasonable earnings. As I am tracking the fight between two dogs DIV & AD.UN so far DIV is slightly ahead.
Good beer on the special as of now Hacker Pschorr.