TSX:BPO.PR.A - Post by User
Comment by
pierrelebelon Aug 02, 2024 10:23am
214 Views
Post# 36160667
RE:RE:3.012%
RE:RE:3.012%
Good morning.
The weaker than expected American job report released this morning may force the Fed to lower rates at their September meeting IF the August figures (scheduled for release September 6th) confirm the trend to higher unemployment.
However, lower interest rate does not automatically mean higher price values for Canadian preferred shares.
We are sticking to our positions in BPO.PR.T and ECN.PR.E, both offering an above average 11%+ tax advantaged yield with neither subject to reset for years.
Have a good weekend all.