Why it’s time to get past the painful losses of the past
It’s time for investors to get past the painful losses the Canadian bond market inflicted on them.
For January, the FTSE Canada Universe Bond Index was up 3.1 per cent. There’s a growing sense in financial markets that central banks are finished, or very close to done, with raising interest rates to combat inflation. Price increases are still too hot for comfort, but the rate of growth is edging lower. Interest rates might not actually fall until much later this year or early next. But the bond market is already pricing in the idea that rates have peaked.
GICs don’t fluctuate up or down in price – that’s part of their appeal. But you do miss out on the upside that bonds are experiencing right now.
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