Canadian Life Companies Split Corp T.LFE

LFE unit nav to Oct 25 = approx; $16.60 before dist.

[mouserman]

A couple down days for the lifecos, especially IAG... and commons now valued at $6.43 after distirbutions are factored in. Last trade @ $6.26 means the discount is 17 cents or just over 2 %. Likely some negative sentiment in the lifecos, due to weather events and INTEREST rates dropping  in US and Canada.  Not sure when or if a rebound is likely.. I have been all out of the lifecos right after Hurricane Helene damage was viewed. As well it was well known that Canada would be dropping rates by 50 points.

[flamingogold]

Rates will be dropping again in Canada. It wasn't long ago where sentiment was there is no way rates can drop without a recession. Here we are, rates dropping and no recession. The golden soft landing.   Aside from a Trump victory and his tariffs and protectionist policies, lower rates are good for the economy, good for businesses, good for folks renewing mortgages and good for the

[mouserman]

Not everyone shares your optimism. From the Financial Post... The Financial Post reports in its Tuesday edition that politicians are touting rate cuts as a sign of controlling inflation, but they reflect a weakening economy. The Post's Martin Pelletier writes that Canada, the first G7 nation to cut rates, has made several cuts as its economy lags. According to University of Calgary economist

[Stoiklaugh]

Let's hope my optimism is contagious! Thanks for your input! GLTA