Bullboard - Stock Discussion Forum North American Financial 15 Split Corp T.FFN

Alternate Symbol(s): FNCSF

North American Financial 15 Split Corp. is a Canada-based mutual fund corporation, which invests in a portfolio of over 15 financial services companies. It offers two types of shares, such as Preferred Shares and Class A Shares. Its investment objectives with respect to preferred shares are to provide holders of preferred shares with cumulative preferential monthly cash dividends in the amount... see more

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North American Financial 15 Split Corp > Dwindling dollar

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Post by NoShoesNoShirt on May 15, 2024 8:15pm

Dwindling dollar

Royal Bank of Canada has cut its forecast for the Canadian Dollar, citing the diverging path for interest rates in Canda vs. the US. More on that to come, but first the projections:

USD/CAD to 1.37 by end June 2024
1.3850 by end September
1.40 by year-end
And to a peak of 1.42 by mid-2025

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Comment by Splitfunding on May 15, 2024 9:38pm

Beautiful, yet another tailwind for FFN due to it's higher allocation of American bank stocks compared to other splits. Also, keep in mind that the above estimates are smoothed-out projections. In reality, once the BOC cuts interest rates before the FED does the impact will be IMMEDIATE and SUBSTANTIAL. CAD will drop like a rock.

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Comment by CDNINV1 on May 15, 2024 11:04pm

I BELIEVE YOUR ESTIMATES OF A DROP IN THE CAD IS HIGHLY OVERSTATED. IF WE ADJUSTED THE EXCHANGE RATE TO .7649 WHICH IS HIGHER THAN THE 52 WEEK HIGH FOR THE CANADIAN $ OR UP 3 FULL CENTS THE NAV W/B $15.822. ALL BUT TWO BANKS FORECAST THE EARLIEST THE BANK OF CANADA WILL CUT IS JULY24.

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North American Financial 15 Split Corp