Wealth Professional: Why Canadian preferred shares market is ‘extremely cheap’
Geoff Castle spoke with James Burton from Wealth Professional about Royal Banks recent AT1 issue and offered his viewpoints on the situation. “The situation to us seems analogous to a case where two nearby lakes exist at different altitudes, say 500 feet and 1000 feet. If you can dig a canal between the two bodies of water, then water will flow from the higher lake to the lower lake, at least until the point at which the water levels equalize.
