this post was submitted on 13 Jul 2023
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Tangerine Promo - 5.5% interest until November 30 (self.personalfinancecanada)
submitted 2 years ago by ninjamice to c/personalfinancecanada
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Just a PSA for the community, in case you don't check often.

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[–] mxwarp 2 points 2 years ago (1 children)

Do Horizon ETFs typically increase their $CASH.TO distribution soon after a Bank of Canada rate increase? I’m curious if you’re familiar with the historical trend behind it.

[–] affairesdepiasses 1 points 2 years ago* (last edited 2 years ago)

Yes, they do. It sometimes happens very quickly within a few days, or it's sometimes a little longer. The increase may not always be equal to the increase in the BoC rate though. I've been using CASH.TO since February 2022.