What effect will rising interest rates have in 2010?
Calendar year 2009 is quickly coming to a close, however, a new season is just around the corner — the RRSP season. A key reason investors make RRSP contributions is to receive the tax deduction that so many use when filing their tax returns, and many leave their contributions to the last possible moment. Last year, investors were not happy with the market during RRSP season — the country was in the midst of a recession and many did not want to invest in that type of environment. However looking back, that would have been the best time to put new money to work because the market rebounded significantly off the market lows in March and, with the exception of a few hiccups, have rallied ever since. What should investors think about this RRSP season? Is the market going to maintain its push higher in 2010? In my opinion, 2010 will be kind to investors once again. Investor returns may not be as high as they were in 2009 but I believe that while interest rates and inflation remain low, th
