Watch for the large rate drop from the BOC in 4x weeks!!! Its very clear the BOC was caught with its pants down. Being way to cautious not to upset the CDN dollar against the USD instead of acting divisively with larger initial cuts to support Canadians.
Canada will fall below 2% inflation, zero and or negative GDP growth is recession and our unemployment rate is tracking to 7% which is the worst in a decade.
Now the FED acts with a large cut althrough the US enconomy is in much better shape and the BOC realizes they are behind the curve.
Remember this email, come October 23rd we will see not only a 50 basis point cut but then multiple cuts after that in the next 3x months to bring us down below 3%
Productivity in Canada is at a 30x year low and businesses are now requesting and mandating employees back to work and unemployment rates put the boss back in charge
This will set-up many REITs with a very quick growth path to profitablity and you will not see 9-10% dividend yields again for a decade.
I'm up across my portfollo of REITs but believe AP represents amazing value for those who want to enjoy a large secure divi while rates offer the tailwind for a lot of gains ahead.
All IMO,
Cooper!