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Bullboard - Stock Discussion Forum Canadian Life Companies Split Corp T.LFE

Alternate Symbol(s):  CLSPF | T.LFE.PR.B

The Companys investment objectives are (i) to provide holders of Preferred Shares with fixed cumulative preferential monthly cash dividends in the amount of $0.04375 per Preferred Share to yield 5.25% per annum on the original issue price (ii) to provide holders of Class A Shares with regular monthly cash distributions targeted to be $0.10 per Class A Share to yield 8.0% per annum on the... see more

TSX:LFE - Post Discussion

Canadian Life Companies Split Corp > Rate cuts on the horizon
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Post by flamingogold on May 03, 2024 11:30am

Rate cuts on the horizon

BoC likely to cut in June with Canada's economy weakening and today's US jobs report was lower than expected which puts 2 US cuts back on the table. Some say Sept but I think that messes with what will already be a messy election. Most likely Nov and Dec. I believe they want unemployment to tap 4% (currently back up to 3.9%) before pulling the trigger.
Comment by mouserman on May 03, 2024 11:51am
Canada needs some true numbers , that include inflation for what really matters, like FOOD, RENT , Insurance and energy... not trinkets, cellphones  or appliances.. I do know the worlld still runs on diesel for delivering nearly everything we get.. and those drivers now want a raise too... IF its inflation that means the most for dropping rates, and not the health of homeowners bank accounts ...more  
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