Post by
mouserman on Oct 24, 2022 8:28pm
Was a bit puzzled by the buying
However the markets have mostly moved up since Thursday , so DGS holders are likely not selling. If we get a big interest rate hike from BOC this week could see quite a pullback , although it wouldn't have been a surprise. It might be surprise for upside movement if it's only 50 points.
Comment by
bubba9 on Oct 25, 2022 9:32am
If the rate hike is only a half, it will signal the end of rate hikes is close and given that we are closing on on Christmas rally, I think DGS will do well...Dividend probably back in 30 days...
Comment by
flamingogold on Oct 25, 2022 9:48am
A half by the BoC would be a mistake. The FED is most definitely doing 3/4 so a half would knock our dollar down further and increase the price of imports/inflation even more so it's self defeating. We need to keep pace but even better leap frog what the US is doing.