TSX:BPO.PR.A - Post by User
Comment by
wynneron Jul 24, 2024 4:00pm
253 Views
Post# 36146839
RE:RE:RE:B.O.C. Interest Rate Announcement
RE:RE:RE:B.O.C. Interest Rate Announcementpierrelebel wrote:
Good evening.
"...what will GoC5 be with a 4% policy rate?"
I still expect Canada 5 year to trade between 3.00% and 3.35% by December 1st when the "A" are reset.
I do not see below 3% this year or next.
CA5Y-CA is at 3.3% as I write this. Down 1% from last year.
We call for 2 more cuts this year and a few next year too.
Total of 2% maybe.
BPO.PR.W is based on Prime rate in Canada and there has been 0.5% so far. Another 1.5% to go.
Today's cut will not effect the dividend and maybe not even the cut last month. At least not a 0.25%.