TSX:AX.PR.E - Post by User
Post by
DZtraderon Sep 26, 2024 12:12am
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Post# 36241538
Upcoming Cad GDP report
Upcoming Cad GDP report
I think we are expecting the July GDP for here on Friday and all fingers point to a soft report, which might help explain some cautionary sentiment. It might however increase the likelihood of a larger BOC cut come October in response. I would very much welcome a little pull back for obvious reasons. We really have enjoyed a nice move thus far and it would not be the best thing to just keep on upwards at this pace, sorry if that doesn't sit well with some. A little pause/ drawdown is needed to refresh, thats all.
On a non REIT related note, to anyone that is interested, I did initiate a new position today in the energy space with Paramount Resources (POU), fairly decent upside. Looking to add and/ or initiate new in REIT sector but waiting for better entry points even though there still remains a lot of runway.
Sorry tj, your response is not welcome.
DZ