TSX:BPO.PR.A - Post by User
Comment by
wynneron Aug 02, 2024 1:31pm
186 Views
Post# 36161369
RE:RE:RE:3.012%
RE:RE:RE:3.012%pierrelebel wrote:
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.
Canada 5 yr
2.893% Looks like we may have to wait for the US to lower rates. lock in the GICs? 5 year mortgage rates coming down next week in Canada.