Looks like Canadian interest rates will start climbing later this year, maybe as early as July. The current historically low interest rates are great for BORROWERs but is brutal on SAVERS who are getting less than 1% on their savings.
I wonder if your high-yield stocks are income trusts actually.some of the dividend stocks in my portfolio are still yielding over 10% thankfully.
Many of these savers are unfortunately seniors in retirement whoLooks like Canadian interest rates will start climbing later this year, maybe as early as July. The current historically low interest rates are great for BORROWERs but is brutal on SAVERS who are getting less than 1% on their savings.
21Pro might have bought his stocks years ago and the 10% current yield is due to dividend increases over the years. My broker said that one of the older brokers in his office actually own a few stocks where the dividend yield is 100% or close to 100%. Maybe he bought Royal Bank stock 50 years ago.I wonder if your high-yield stocks are income trusts actually.