Post by
Dibah420 on May 29, 2023 8:25am
Content to collect 6% div.
Canadian banks have been bobbing in doldrums since February of last year and this will likely persist for another Q or two. All have healthy yields...some well above treasuries. Now is the time to add or at least let the drips rip. There isn't a tsunami in the making, imo, to sink them all. More likely are clearer skies by 2024...once we emerge from this unacknowledged recession...provided the political nonsense on either side of the border fizzles out.
Inflation is declining but not fast enough...at least not in the housing sector. Tons of new housing going up in my area but at advertised price tabs of $600k and up...hardly affordable for the increase in population, mostly new immigrants. Food prices are on the mend and will soon be more noticible as the grocery chains start their BBQ season sales.
The one good thing about shorts is that they evenually have to cover.
Cheers
Comment by
fakmiz on Jun 01, 2023 2:21pm
I hope your right Dibab420. C/M has been beaten down for really no reason given the current and constent divided it has paid. I don't understand why people would sell this and other Banks. Obviously the shorters are pushing C/A and others down for short term gain. Given the history of the Banks that's a mistake and sooner or later they will pay. Good luck to all longs.