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May 16, 2025 8 mins
Patrick Leonard discusses the recent recovery in the markets, the role of retail investors, and the outlook for interest rates from the Bank of Canada. He also provides insights on retirement benefits decisions, particularly regarding the Canada Pension Plan and Old Age Security, emphasizing the importance of individual circumstances in making these choices. Takeaways Another strong week in the markets indicates recovery. Retail investors are leading the market dip buying. Institutional investors are cautious due to old data. The Bank of Canada monitors inflation and job market closely. Interest rate cuts are expected, depending on inflation trends. Mortgage renewals are increasing due to past low rates. Deciding on pension plans depends on health and financial needs. Deferring pension can lead to higher lifetime benefits. Break-even age for pension decisions is around 74. Health and financial necessity are key in pension decisions. Chapters (00:00)-Market Recovery Insights (03:07)-Bank of Canada Interest Rate Outlook (06:01)-Navigating Retirement Benefits Connect with Patrick here.
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