Comment by
pierrelebel on Jul 23, 2024 4:28pm
Correction - Should read July 24th
Comment by
pierrelebel on Jul 23, 2024 6:31pm
Good evening. "...what will GoC5 be with a 4% policy rate?" I still expect Canada 5 year to trade between 3.00% and 3.35% by December 1st when the "A" are reset. I do not see below 3% this year or next.
Comment by
wynner on Jul 24, 2024 4:00pm
CA5Y-CA is at 3.3% as I write this. Down 1% from last year. We call for 2 more cuts this year and a few next year too. Total of 2% maybe. BPO.PR.W is based on Prime rate in Canada and there has been 0.5% so far. Another 1.5% to go. Today's cut will not effect the dividend and maybe not even the cut last month. At least not a 0.25%.