The Bank of Canada cut the key policy rate for a third consecutive time by 25 basis points to 4.25% and signaled it is focused on avoiding landing the inflation rate too far below the 2% target. This means it is more likely to continue to lower interest rates than not, even if it reiterated that it will decide one meeting at a time.
102362254 : I'm rebalancing my portfolio to ensure it aligns with my long-term goals, focusing on sectors that historically perform well during rate cuts. I'm also keeping a close eye on economic indicators to make timely adjustments
Jason Fung : I won't make any changes to my asset allocation. I will continue to add to my positions in $VANGUARD S&P 500 INDEX ETF TR UNIT (VFV.CA)$ index fund and avoid the temptation of timing the market.
73698362 : Rate cuts are a way to stimulate economic activity Unfortunately they are devastating for individuals relying on interest income in their retirement years
cris1909 :
Bobbyjee : my focus would be on DAC and REITs with dividends
JimmyTeo : I will hold my current positions and watch closely the markets conditions.
hanxi shang : Pay attention to the real estate industry
73279472 : hi
Living Stone : I probably won't change anything now but might in the new year when my bank fees reset to zero and I have a new 50 free trades for 2025
BearWithTheBull : 3rd times a charm?
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