If you’re like most income investors, the market value of your portfolio has fallen steadily for most of the past two years. It’s the Bank of Canada, specifically its policy of raising interest rates to fight inflation. The bond sector had its worst bear market in 40 years. Dividend-paying stocks also fell, some by more than 25%. Bond proxies like utilities, pipelines, telecoms, and REITs were all hit. Despite a recent rally, the S&P/TSX Capped Utilities Index was down 15.
89% in the year to Nov. 10. The Telecom Index lost 11.64%, and the Capped REIT Index was down 14.07%. These stocks will bounce back when interest rates stabilize
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Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikesThe Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikesOTTAWA — The Bank of Canada held its key interest rate steady at five per cent today, noting there are clearer signs of the economy cooling and inflation easing. However, it warns that it is prepared to increase rates further if necessary.
Source: PGCitizen - 🏆 65. / 51 Read more »
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikesOTTAWA — The Bank of Canada held its key interest rate steady at five per cent today, noting there are clearer signs of the economy cooling and inflation easing. However, it warns that it is prepared to increase rates further if necessary.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikesOTTAWA — The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.
Source: SooToday - 🏆 8. / 85 Read more »
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikesOTTAWA — The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »
Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes“With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.
Source: iPoliticsCA - 🏆 36. / 63 Read more »