The Canadian banks will do just fine, they have been increasing fees and they are more focused in milking every day Canadians, I'd prefer Sing go after the banks than Loblaws which takes 2-4% of revenue profit, lots of competition and one of the few Canadian retailers still left. Go after Walmart, Costco who suck up lots of Canadian $'s..
When we need to understand how the “ reverse repo market “ works in order to have a view on monetary policy ( which along with the economy Trudeau said .... they look after themselves) , then I think we have a serious problem.
I doubt 10% of our 338 MPs have even heard of the reverse repo market.
We’ve set ourselves up for “ experts” to bullshit us
As a Canadian I can easily get over 5% on GIC's, however lose 50% to tax. On the one hand I think its great to get so much and been moving money into usually 1 yr GIC's every month since Sept 22, only about 10% of networth so far. Its safe, better than nothing and any friends with Mortgages I caution them to be prepared for the reset. I have a couple of revenue properties but was lucky enough to take 5 yr mtgs in 2000 and late 2001 so on average a little over 2%(and helps my tenants, Im not greedy and want them to have a life too). Frankly I dont know what to do, more GIC's, more div stocks, buy gold, buy Uranium..... Crazy times, Im just fortunate that I saved a few bucks over the years and should be ok, but who knows these days, I dont want to be living in a basement apartment and eating cat food :( Likely dont have to worry, I see cat food is more expensive than a cheap can of human Tuna...and dumpster diving is good exercise..
Can we assume that the Canadian banks are holding Govt. of Canada and Corp Bonds that are marked to market, instead of their real reduced value?
Of course, you can assume it.
The Canadian banks will do just fine, they have been increasing fees and they are more focused in milking every day Canadians, I'd prefer Sing go after the banks than Loblaws which takes 2-4% of revenue profit, lots of competition and one of the few Canadian retailers still left. Go after Walmart, Costco who suck up lots of Canadian $'s..
When we need to understand how the “ reverse repo market “ works in order to have a view on monetary policy ( which along with the economy Trudeau said .... they look after themselves) , then I think we have a serious problem.
I doubt 10% of our 338 MPs have even heard of the reverse repo market.
We’ve set ourselves up for “ experts” to bullshit us
As a Canadian I can easily get over 5% on GIC's, however lose 50% to tax. On the one hand I think its great to get so much and been moving money into usually 1 yr GIC's every month since Sept 22, only about 10% of networth so far. Its safe, better than nothing and any friends with Mortgages I caution them to be prepared for the reset. I have a couple of revenue properties but was lucky enough to take 5 yr mtgs in 2000 and late 2001 so on average a little over 2%(and helps my tenants, Im not greedy and want them to have a life too). Frankly I dont know what to do, more GIC's, more div stocks, buy gold, buy Uranium..... Crazy times, Im just fortunate that I saved a few bucks over the years and should be ok, but who knows these days, I dont want to be living in a basement apartment and eating cat food :( Likely dont have to worry, I see cat food is more expensive than a cheap can of human Tuna...and dumpster diving is good exercise..