TSX:BPO.PR.A - Post by User
Comment by
Carenaon Jun 07, 2024 6:29pm
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Post# 36078643
RE:Oh well... it did not go as expected!
RE:Oh well... it did not go as expected!Hi Pierre,
From my vantage point, the Cdn bond and currency market is not dramatically changed this week and so Canada gets through its rate cut without much drama. Seems like the market is looking to the next rate decision already.
The jobs reports in the USA and Canada today suggest higher for longer (ish).
Not sure what exactly prompted the dumping of 150,000 N shares today. As Sonoffergus noted, the pref ETFs also got hit this week. Maybe a "sell the news" story?
Given the U.S. election, it is going to be an interesting back half of 2024.
Have a great weekend,
Carena