TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Oct 23, 2024 9:33am
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Post# 36278260
RE:Interest Rates
RE:Interest RatesHigher for Longer Great for BPO Prefers Rates but TERRIBLE for the Company. Stay in Prefers as Commons are bleeding RED and will most likely continue to do so.
Expect Massive Losses to continue with BPY/BPO.
A Jumbo Rate cut is expected by BOC today, but that will do little for BPY and borrowers in general as borrowing rates remain high dispited Central banks dropping rates.
I was offered 5%+ GIC rates just a few weeks ago when I went into the bank to discuss another matter.