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Canadians recently got hit by both sides in January on the TSX today. The Bank of Canada and Federal Reserve in the United States both declared the key interest rate would hold steady. In fact, it’s unlikely that rates will come down not just in March, not just in May, but perhaps in June or even July.
This is why Canadians have continued to consider stable stocks the best place to put their cash for now. There’s a lot to consider, and investors should always speak with their financial advisors about making those decisions. But if you’re looking for stable stocks, investors may want to look at financial companies and insurance outside the Big Six banks.
Analysts believe the next year will see higher prices for insurance in particular, with lower costs. Further, for those with cash on hand after a year of cuts, there could be some strong merger and acquisition opportunities. And if this is the case,…
