Reset Preferred Shares and the BOC
Reset Preferred Shares and the BOC
I am inclined to park my taxable funds with a few resets or the BMO ETF. They have been beaten down to very low levels. The Canadian economy doesn't have a great outlook and I am not optimistic about the direction of government policy. So I don' t rule out a rate cut. What happens to the resets if the BOC cuts rates another 1/4 %?