Brokerage investment savings accounts | Page 41 | General comparisons | Discussion forum

From what I can see, the downtrend is still quite strong. There is a very good chance that there will still be another 50pts drop at end of Jan.

See plenty of discussion around CB rate changes here:
https://www.highinterestsavings.ca/forum/general-financial-discussion/bank-of-canada-rate-1

How are ISAs working when selling all units before the end of the month when interest get paid or accumulated? Do I get the units plus accrued interest in cash or could I only sell the # of units I bought say 20 days ago and get interest as units or in cash at the end of the monrghs? Any difference between the cash- or re-investing-option.

Thanks,
F

What happens with the ISAs I own is the FI calculates interest accrued to date and converts them to units that are sold along with the asset amount.

Example: You own 1000 units @ $10 each = $10,000. You sell all units mid-month. Accrued interest is $153 to date of sale. FI converts that to 15.3 units @ $10 along with the sale of the 1000 units. 1015.3 units = $10153 deposited to your account.

Thank you BK, AltaRed and Norman1

Retaliation against U.S. tariffs could force Bank of Canada to hike interest rates, economist says:

Scotiabank economist Derek Holt places the odds of tariffs and retaliation at 60/40
If Trump’s tariffs land and Canada doesn’t retaliate, then Holt thinks the Bank of Canada will have to start cutting rates and by a sizable amount, perhaps even into the one per cent range.
On the flip side, dollar-for-dollar retaliation against any U.S. tariffs would result in the Bank of Canada’s policy rate rising two to three percentage points, he said, because “you’re imposing a tax upon your own imports into Canada.”