Canadian Life Companies Split Corp T.LFE

LFE UNIT NAV in realtime @ $15.25 before distributions

[mouserman]

SO that would leave the value of the commons at $5.10 AFTER the 15 cents of distributions are taken off. SO still trading at a significant discount, and the big 4 Canadian lifecos heading higher today with the exception of MFC which is down a few tics.
I am holding what i have,  with just over 2 weeks until the next mid month update, there is a fairly decent chance LFE can hold on for another payment to commons.
I was worried about the imminent interest rate hikes, but that proved to be a false narrative pushed by many analysts.

[speedyfeint]

thanks for the live nav update but i heard interest rate hikes are actually good for the lifecos and banks.. so when they finally start to hike rates in march, wouldn't that be good for LFE?

[mouserman]

Yes normally higher interest rates do help banks and lifecos, but these are NOT normal times. Record inflation in consumer /household costs, will make higher interest rates another nail in the insolvency coffin of many home owners. Canadian household debt is at extremely high levels, and for many the cost of the mortgage payment on the house, utilities, upkeep and taxes  take over 80% of