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Email this4:59 pm
September 15, 2017
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Savvy savings account that was 2.80% since Nov 2018 is dropping 60 basis points to 2.20% March 10, 2020!!
6:12 pm
December 12, 2009
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GR said
Savvy savings account that was 2.80% since Nov 2018 is dropping 60 basis points to 2.20% March 10, 2020!!
In fairness, they've held out since November 2018, but yes, it's lower than even I thought. 😉
I told you'd they go to 2.40%...evidently, they went further.
If BoC cuts a further 50 bps, let alone 100 bps, you will not be able to get a rate above 2% before long.
That said, I purchased Imperial Oil Limited (IMO) and Canadian Natural Resources Limited (CNQ) today. I'm going to nosh on a further financial stock tomorrow.
Cheers,
Doug
7:31 pm
February 20, 2018
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Doug said
That said, I purchased Imperial Oil Limited (IMO) and Canadian Natural Resources Limited (CNQ) today. I'm going to nosh on a further financial stock tomorrow.Cheers,
Doug
Too early i think. Tmrrw dead cat bounce looks
Why did you buy those over Suncor?
7:47 am
March 15, 2019
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Finally had moved money to Motive a month ago....now it's off to Tangerine till the end of May 2020. Though I am sure that Tangerine will screw me some day soon! This rate drop made me take a look and it seems that Motive has now set limits on what you need to earn interest....needing $1000 or more by my reading. A little sneaky?
8:07 am
September 15, 2017
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Quote from krwilson above:
Motive has now set limits on what you need to earn interest....needing $1000 or more by my reading. A little sneaky?
Incorrect. No minimum. See legal notes directly under Savings Accounts, not legal notes under GICs.
8:32 am
February 17, 2013
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Funny how when the BoC rate drops, everyone jumps to lower rates - but they seem to drag their feet when the BoC rate goes up.
8:34 am
March 15, 2019
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My mistake....thanks for the correction. I just looked again and see I missed the correct legal for the savings account.
9:10 am
February 20, 2018
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Dead cat bounce
"El-Erian (formerly Pimco) has for weeks been cautioning investors against buying market dips as they’ve been conditioned to do in recent years because it’s a strategy that’s worked."
6:09 pm
February 20, 2018
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Doug on March 9th above you purchased Imperial Oil at around 23.40 it closed today at 12.67. You also purchased Cnq that day at 21.43 now sellin for 12.96. You said the next day Im buyin financial stocks which ones did you buy? I lost on oil stocks I sold two weeks ago.
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