Interest rates have entered an unprecedented and unsettling period. Never before in history has such a huge amount of money been invested in securities that guarantee you’ll lose some of your capital.
A recent report prepared by Allan Bishop of the Investment Strategy Group at CIBC Wood Gundy notes that negative rates first started in June, 2014, when the European Central Bank (ECB) cut its deposit rate to minus 0.1 per cent. Since then, the phenomenon has spread around the globe.Report Typo/Error
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