Investing for 6% income in a declining interest rate world
3 days ago · Investing for 6% income in a declining interest rate world. A top-rate GIC today pays 4.05% for one year locked in, 3.8% for two years locked in and 3.55% for three years locked in. Ted Rechtshaffen. Published Nov 11, 2024 • Last updated 29 minutes ago • 5 minute read.
Questions about AIMCo's future? Join our Q&A | Financial Post
2 days ago · The Alberta government surprised everyone by firing the chief executive and entire board of directors at Alberta Investment Management Co. (AIMCo) last week, declaring the need for a “reset” at the $160-billion asset manager. What does this mean for the future of AIMCo, Alberta Premier Danielle Smith ‘s Alberta Pension Plan gambit and the ...
Trump stock rally may not be what it seems | Financial Post
2 days ago · Stocks have been on a tear since Donald Trump claimed victory in the United States election last week. The S&P 500 posted its best week in a year, gaining 4.7 per cent and crossing the symbolic threshold of 6,000 for the first time. “The Trump electoral victory has unleashed a wave of speculative investor behavior that makes a mockery of even ...
US CPI to Show Another Firm Reading, Leaving Fed Path Up in Air
2 days ago · Investors have marked down the chances of a December reduction to about 60%, from around 80% prior to last week’s presidential election. “October’s US CPI inflation data may dent expectations for a Federal Reserve rate cut in December,” Bloomberg economist Scott Johnson said Tuesday in a note. “A Bloomberg Economics nowcast flags ...
Investors look for Canadian banks to climb after Trump ...
3 days ago · Shares of the largest banks in the US, including Citigroup Inc., JPMorgan Chase & Co. and Goldman Sachs Group Inc., surged last week after Trump triumphed and his Republican allies took control of the Senate. The KBW Bank Index ended the week up 8.4%, its biggest weekly jump in a year. Canadian banks rose only 2% last week, and they’ve badly ...
Moody: Trump's win should make Canada more tax competitive ...
2 days ago · Despite doomsday predictions about what Trump 2.0 will mean for Canada, the short story is that we’ve seen part of this screenplay before. During his first tenure, there was a massive package of U.S. tax cuts and reform rolled out in 2017, including significant corporate tax reform, personal tax cuts and estate tax changes.
Donald Trump election set to boost TSX | Financial Post
6 days ago · Former U.S. President Donald Trump arrives to speak during an election night event at the Palm Beach Convention Center on November 06, 2024 in West Palm Beach, Fla. Photo by Chip Somodevilla/Getty Images. Greg Taylor, chief investment officer at Purpose Investments, talks with the Financial Post’s Larysa Harapyn about what Donald Trump ‘s ...