Lifecos Realistic About Future of Interest Rates

“Lifeco investors have seen shares sink since the financial crisis rocked markets and interest rates hit record lows. Now, the head of two of the country’s largest lifecos are warning it could be another three years until they see a meaningful turnaround,” Canada’s business and financial news outlet BNN reported in an online article. The article continued, “‘We’re cautiously optimistic [on the Canadian economy], but we are planning for interest rates being at persistently low levels for a considerable period of time,’ Kevin Dougherty, president of Sun Life Financial Canada” “‘What happened in the second quarter, interest rates got to unprecedented levels, you could go back 100 years and not find long-term interest rates at the levels they hit in the second quarter.'” Read the full article here for more analysis. | Raymond Matt, CFP, CLU, TEP, CHS

Post a Comment


Subscribe to: Post Comments (RSS2)