Wealth Professional – Why Canadian preferred shares market is ‘extremely cheap’

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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.

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